GM Shares Suffer Worst Week Since 2023 Amid Wider Autos Selloff

General Motors Co. shares recorded their worst week in nearly three years, leading a wider selloff in automotive stocks on Friday. Yet, bullish Wall Street analysts are doubling down on the carmaker. GM’s stock fell 9.6% this week, its largest such drop since November...

US Consumer Sentiment Slips to Five-Month Low on Inflation

US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale. The University of Michigan’s final sentiment index eased to 48 from 48.1 in September, according to the survey released Friday. Even so, that was...

Russian Drones Are Already Killing People Within the EU

Bulgarian shipbroker Yordan Petrov no longer sends his vessels into the Black Sea, calling the brave few who still do “kamikazes.” Seven commercial ships have been attacked by drones off the coast of Bulgaria and Romania since the start of October, for which...

Franklin Templeton Sees Risk of Euro Debt Crisis Worse Than 2012

There’s a risk the ongoing French bond rout escalates into a euro-area debt crisis that eclipses the blowup that began in Greece nearly two decades ago, warned Franklin Templeton’s fixed-income investment chief. “I don’t think anyone is really ready for a eurozone...