General Motors on Tuesday withdrew its previous guidance for 2023 profits and near-term electric vehicle production as costs related to the United Auto Workers strikes jumped to $200 million a week during October. GM's third-quarter net income fell 7.3% to $3.06 billion, while revenue rose 5.4% to $44.1 billion. GM shares were up 1.6% in premarket trading after the stronger-than-expected profit.
'Probably the best use of cash': Warren Buffett likes businesses that dole out dividends — but he absolutely loves it when they do this instead. 3 'share cannibals' to watch nowAir Canada stock got severely beaten down in the March 2020 COVID crash. Here's why it's probably not going lower. The post 1 TSX Stock Down 60% That Could Bounce Back Stronger appeared first on The Motley Fool Canada.
The S&P 500 is poised for a 14% rally as stocks are flashing signs of being oversold, strategist says
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