Investors Bet Sheinbaum Can Rescue Pemex Where Others Failed
The extra yield investors demand to hold the company's debt over Mexican sovereign bonds has shrunk to almost three percentage points, hovering near a record low on speculation that the government will unveil a sweeping package of about $50 billion to shore up Pemex.
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Mexico says 'no indication' plane carrying drugs came from El Salvador after diplomatic spat
SAN SALVADOR -- Mexico's government clarified there was 'no indication' that an airplane it intercepted loaded with cocaine had originated from El Salvador, according to a letter posted by Salvadoran President Nayib Bukele. The letter, posted on the social media platform X by the populist leader, comes after a diplomatic drama broke out between Bukele and Mexican officials when Mexico's security chief said authorities believed that a plane had come from El Salvador. The assertions riled up Bukele, who recalled El Salvador's ambassador to Mexico and demanded a correction from the Mexican government. Bukele has staked much of his popularity on his hard-handed crackdown on crime. He responded to the assertion the word 'FALSE' on a post on X, that went on to detail the plane's alleged flight path. Bukele also pointed out that the three men arrested with the plane were Mexican citizens. Mexico's security chief Omar García Harfuch had backed away from his original statement that the plane originated in El Salvador, to later say that Mexican authorities picked up the plane on radar as it was passing the Salvadoran capital, albeit well out to sea. Mexican President Claudia Sheinbaum said Thursday she would not engage in a dispute with her Salvadoran counterpart. On Friday, the letter posted by Bukele - apparently written by Mexico's Secretary of Foreign Relations to the Salvadoran Embassy - clarified that there was no clear evidence the flight had originated from the Central American nation 'nor that anyone in the country was linked to the incident.' The letter, dated July 11, offers to respond to any other questions 'that may arise on the topic' to preserve the relationship between the two countries and said it hopes to 'strengthen the exchange of information to avoid similar situations in the future.' Bukele said he appreciated the clarification. El Salvador's presidential office did not confirm if the country would send its ambassador back to Mexico, noting that 'the president will decide.'
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GM pickup-truck plant in Mexico pauses output for several weeks
July 11 (Reuters) - General Motors (GM.N), is pausing production at a pickup-truck plant in Mexico for several weeks, crimping output of its top-selling vehicles, people familiar with the situation told Reuters, and the company confirmed the information when asked. GM's assembly complex in Silao, Mexico, where the company builds the Chevrolet Silverado and GMC Sierra pickups, was down for the first two weeks of July, and is scheduled to be idled again the weeks of August 4 and 11, two people familiar with the matter said. GM did not confirm the precise schedule. 'Scheduled down weeks at GM Silao are part of a standard operating process focused on optimizing production at our manufacturing complex,' GM said in response to a Reuters inquiry. The Silverado and mechanically similar Sierra are by far GM's top sellers in the U.S., and major profit generators. GM also builds the Silverado and Sierra at factories in Fort Wayne, Indiana; Flint, Michigan and Ontario, Canada. It is common for automakers to halt factory work to perform maintenance or adjust assembly lines for model changes. Most of GM's U.S. factories were not operating last week as part of a usual down week for the July Fourth holiday. Metro Detroit automotive supplier Webasto announces another round of layoffs GM repurposes robotaxi fleet to test tech it plans for your car Still, several weeks of downtime is unusual for a factory that makes GM's most popular models. Pickups are the biggest money makers for GM, Ford (F.N), and Ram-maker Stellantis ( and their truck plants often run around the clock. GM sold 278,599 Silverado trucks in the first half of 2025, a 2% increase from the year-ago period. The automaker sold 166,409 Sierra trucks in the same timeframe, a 12% increase from the first half of 2024. U.S. President Donald Trump's trade war has disrupted supply chains and factory work for automakers and parts suppliers in recent months. Some car companies have shifted production plans to mitigate the impact of Trump's tariffs on imported cars. China's retaliatory restrictions on magnets and other parts that include rare-earth metals – used broadly in car components – also have scrambled operations. This article originally appeared on Detroit Free Press: GM pickup-truck plant in Mexico pauses output for several weeks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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5 hours ago
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Western Union (WU) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Western Union (WU) was down 2.79% at $8.35. The stock trailed the S&P 500, which registered a daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.22%. Coming into today, shares of the money transfer company had lost 5.91% in the past month. In that same time, the Business Services sector lost 2.01%, while the S&P 500 gained 4.07%. Analysts and investors alike will be keeping a close eye on the performance of Western Union in its upcoming earnings disclosure. The company is expected to report EPS of $0.44, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 3.59% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.77 per share and revenue of $4.12 billion. These totals would mark changes of +1.72% and -2.18%, respectively, from last year. Investors should also pay attention to any latest changes in analyst estimates for Western Union. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.27% decrease. Right now, Western Union possesses a Zacks Rank of #3 (Hold). Looking at valuation, Western Union is presently trading at a Forward P/E ratio of 4.86. This denotes a discount relative to the industry average Forward P/E of 16.76. Also, we should mention that WU has a PEG ratio of 2.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Financial Transaction Services industry stood at 1.33 at the close of the market yesterday. The Financial Transaction Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow WU in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Western Union Company (WU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
