General Motors is taking a $1.6 billion charge in Q3 due to revisions in its EV strategy following US policy changes that reduce incentives and relax emissions regulations, leading to lower EV demand and production adjustments, including halting some Cadillac SUV models.
General Motors will record a $1.6 billion charge in its upcoming Q3 results due to setbacks in its EV plans, including non-cash asset adjustments and cash-related contract cancellations, amid changing U.S. EV regulations and reduced federal incentives.
Richard Sherman, a former NFL cornerback and current analyst, has been formally charged with a gross misdemeanor DUI after a blood test showed a BAC of 0.11%, exceeding the legal limit, following his arrest in February 2024. The delay in testing was due to lab capacity issues.
Bank of America took a $1.6 billion charge related to the industry's move away from the Libor benchmark, with the expectation of recouping it as income in the future. This non-cash charge, booked in the final quarter of 2023, will be recognized back into the company's interest income through 2026. The shift away from Libor led to the creation of alternative indices, and as a result, the bank had to make adjustments to its interest-rate swaps. This charge reduced the company's common equity tier 1 ratio by eight basis points, and Bank of America is set to report its fourth-quarter and 2023 results on Friday.
YouTube TV has added several new channels of the FAST variety, including Magnolia Network, Charge!, TBD TV, and T2. The CW also makes an appearance in the list of new channels after a new deal was reached earlier this spring. YouTube TV is available on every major streaming platform in the U.S. and costs $73 a month. If you customize your YouTube TV live guide, you’ll need to manually enable the new channels to see them.
Starbucks will start charging customers an extra $1 for Refresher drinks requested with no water, starting May 9. The change is due to the additional Refresher base required for the customization. The change does not impact requests for low or no ice. Some baristas are concerned about facing backlash from customers over the new charge, while some social media posts have speculated that Starbucks planned to start charging extra for Refresher requests with less or no ice, which is not true.