GM to Consider Axing Six Models to Combat Slumping Sales, Avoid Plant Layoffs

United Auto Workers President Dennis Williams said the union is working with General Motors (GM) to avoid layoffs as U.S. auto sales slump, AutoBlog reported. GM is considering producing more trucks and SUVs while killing off six slow-selling models produced at underused car plants such as Hamtramck in Michigan and Lordstown in Ohio. It's unclear if the plants will start producing newer, more popular models. Watch: Are you driving one of GM's most popular crossovers? GM has cut shifts at several of its U.S. plants as inventories of small and midsized cars grow. If GM stopped producing the six models under consideration, it wouldn't happen until 2020. The models at risk are the Chevrolet Volt,

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  GM Considers Chopping Chevy Volt, 5 Other Vehicles From Lineup

  InvestorPlace
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  GM may discontinue six sedans from Cadillac, Buick, Chevy

  Baltimore Sun

The $180 million conflict that kept Scaramucci out of the White House in January has only gotten shadier

Anthony Scaramucci is selling his fund of funds business to a Chinese conglomerate with ties to the government. The firm, the HNA Group, is facing an increasing number of questions at home and abroad, and the deal is subject to review by the US Treasury. The sale reportedly kept Scaramucci out of the White House in January because of the conflicts it raises.

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  Trevor Noah Has A Sad Theory For Why Anthony Scaramucci Got His Job

  HuffPost
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  Anthony Scaramucci is on the hunt for leakers inside the Trump administration

  The Week

Starbucks Has a Disturbing Problem: Even Its Cheerleaders Must Admit This Is a Major Issue

If you listen to Starbucks (SBUX) execs, then everything at the coffee giant is amazing.  Do some work in Microsoft (MSFT) Excel (as the analysts at Credit Suisse did below on Wednesday), and a glaring issue comes to light. That is, for all its digital leadership and ability to crank out new, more expensive drinks, Starbucks sales are on a long-term downtrend. Seeing as employee hourly wages and benefit costs are on the rise, as are costs to open new locations, a stubborn downtrend in sales is very unwelcome. It's especially unwelcome as most on Wall Street remain obsessed with Starbucks' growth prospects -- they could be in for some unfortunate surprises on the bottom line over the next year