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Company News for Jun 17, 2021

·1 min read
In this article:
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  • Shares of General Motors Co. GM rose 1.6% after the company announced that it is going to increase spending to $35 billion through 2025, on electric and autonomous vehicles.

  • Citigroup Inc.’s C shares dipped 3.2% following news reports that the company warned of rising costs and fall in revenue in second-quarter 2021.

  • Roblox Corp.’s RBLX shares lost 8% after the company said that its daily active users in May were 43 million, down from 43.3 million reported in April.

  • Amazon.com, Inc. AMZN shares gained nearly 1% after the company said that it has committed $300 million for developing 3,000 new affordable homes near public transit in Puget Sound in Washington, Arlington in Virginia, and Nashville.


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