Today is Friday, January 9, 2026.
The Early Bird Index today is 84.74.
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GM's $7.1 Billion in Charges
General Motors $GM ( ▼ 2.66% ) fell 1.46% in after-hours trading on Thursday after disclosing $7.1 billion in charges due to changes in the business.
Details: The auto giant said its charges include $6 billion in the past quarter due to its pullback in electric vehicles. The costs include contract cancellation fees.
The company made changes to its EV strategy in October.
GM anticipates additional charges in 2026 due to EV writedowns.
Also: GM expects to lose $1.1 billion in the past quarter due to restructuring in its China business.
Early Bird’s Nest Egg Gains: GM incurring charges to reset the EV plan is painful, but from an investor’s perspective, it is likely better than blindly plowing ahead with an over-ambitious, unprofitable EV build‑out in the current demand environment.
EV demand in the US has undershot the industry’s earlier expectations.
GM is effectively recognizing sunk costs and reducing the risk of a structurally loss‑making EV business dragging on long‑term returns.
Final Thoughts: GM reports financial earnings results in late January.
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Notables
Notable Earnings Today: N/A.
Notable IPOs Today: Aktis Oncology, Inc. Common stock (Nasdaq: AKTS), Atlas Critical Minerals Corporation Common Stock (Nasdaq: ATCS), Twelve Seas Investment Company III Class A Ordinary Shares (Nasdaq: TWLV), Lafayette Digital Acquisition Corp. I Unit (Nasdaq: ZKPU), Westin Acquisition Corp Units (Nasdaq: WSTNU), Green Circle Decarbonize Technology Limited (Nasdaq: GCDT).
Notable Equity Crowdfunding Campaigns Ending Today: N/A.
Notable Economic Events Today: Unemployment Rate (8:30 a.m. ET), Average Hourly Earnings (8:30 a.m. ET), Nonfarm Payrolls (8:30 a.m. ET), Labor Force Participation Rate (8:30 a.m. ET), Housing Starts (8:30 a.m. ET), Building Permits (8:30 a.m. ET), Michigan Consumer Expectations / Sentiment (8:30 a.m. ET).
Intel's Trump Praise
Gif by intel on Giphy
Intel $INTC ( ▲ 10.8% ) jumped 1.36% in after-hours trading on Thursday after President Trump praised the technology company on social media.
Details: Trump wrote that he just had a meeting with Intel’s CEO and was impressed with the new technology that the company produced.
Background: In August, the U.S. government bought a 10% stake in Intel.
Final Thoughts: Intel’s stock is up 106% in the past year.
WD-40 Posts Bad Results
The WD-40 Company $WDFC ( ▼ 6.63% ), which makes household and multi-use products, plunged 9.09% in after-hours trading on Thursday after posting bad financial earnings results.
Financials: WD-40 reported earnings of $1.28 per share in the past quarter and revenue of $154.4 million. Both were lower than expected.
Final Thoughts: The company’s stock is down about 14% in the past year.
Trends to Watch
Crypto ATM News: Ethereum scaling network Polygon close to buying bitcoin kiosk firm Coinme, sources say (CoinDesk)
Odd Instructions: Trump Orders Fannie and Freddie to Buy $200 Billion in Mortgage Bonds (New York Times)
New Mega-Miner: Glencore and Rio Tinto resume talks on $260bn mining megadeal (Financial Times)
Some Bitcoin Strength: Bitcoin bulls chase $91K as early 2026 rally finds sustained volume (Cointelegraph)
Cybersecurity Race: CrowdStrike To Acquire Identity Security Firm Amid Cybersecurity Platform Race (Investor’s Business Daily)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
