Table of Contents

• GM

• Kohl’s

Top Stories Today

GM

General Motors topped quarterly forecasts and kept its full-year outlook, even as U.S. import levies continue to complicate the picture. The automaker reported adjusted EPS of $2.53 on $47.12 billion of sales, while net income slid to about $1.9 billion versus a year earlier. Management said the levies knocked roughly $1.1 billion from second-quarter results and reaffirmed a $4–5 billion estimate for the annual tariff impact. Markets punished the stock, which fell about 8% after the release. GM outlined steps to blunt the cost pressure, including roughly $4 billion of U.S. plant investments and moving some Mexico-built models stateside, and said it has already offset about 30% of expected tariff-driven expenses through pricing, efficiency and manufacturing changes. Retail deliveries came in below expectations at 974,000 vehicles, though the company claims the No. 2 spot for U.S. EV sales, and executives emphasized focusing on EV profitability as incentives and demand shift.

Kohl’s

Kohl’s share price experienced wild swings Tuesday, briefly soaring to roughly twice Monday’s close before those gains evaporated and trading was paused; the day ended with the stock about 37% higher. Volume exploded to nearly 17 times its monthlong average as retail traders, including chatter on Reddit forums, piled in, attracted by heavy short interest (around half of the float sold short), creating squeeze dynamics. There were no fresh company disclosures to explain the move, and analysts say the rally contrasts with weak operating metrics: comparable sales are expected to fall and the chain faces falling top-line trends. Leadership remains in transition after the CEO’s exit amid a conflict-of-interest controversy, and investors continue to debate whether the surge reflects lasting value or a short-covering episode.

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