Industry

GM indefinitely halts next-generation electric pickup and SUV revamp

General Motors has indefinitely suspended its plan to revamp its lineup of large electric pickups and SUVs. The move clouds what comes after the current Chevrolet Silverado EV, GMC Sierra EV, Hummer EV and Cadillac Escalade IQ. GM has not disclosed any potential plans or timing for a next-generation battery-electric pickup and said it would not respond to speculation. The company has increased production of gasoline heavy-duty pickups.

Crypto

Tom Lee says crypto bear market near end as Bitmine buys 101,627 more ether

Bitmine Immersion Technologies bought an additional 101,627 ether last week, as an analysis said the end of the crypto bear market may be near. A report said the purchase lifted Bitmine’s total ether holdings to 4,976,000 and its total position including crypto and cash to $12.9 billion. Board chairman Tom Lee said the bear market could end sooner than expected, citing past patterns and supply indicators.