General Motors Company NYSE: GM stock is up more than 9% after the company announced plans to buy back $10 billion worth of shares (nearly 25% of the company's market cap). The automaker also announce

GM's $10 Billion Apology

12:58pm, Wednesday, 29'th Nov 2023
It has been a good year for the automaker financially, but a bad one strategically.
U.S. equities added to yesterday's gains at midday after strong earnings reports and amid optimism the Federal Reserve wouldn't raise interest rates further to fight inflation. The Dow, S&P 500, and N
General Motors wants to give its shareholders a bigger return in 2024, announcing a $10 billion accelerated share repurchase program now that the labor strikes have settled.
General Motors CEO Mary Barra (GM) sat down with Yahoo Finance Executive Editor Brian Sozzi to discuss a wide range of topics including the state of the company post-UAW strike and EV production and a
The EV pioneer has an extravaganza planned for Thursday. It's speeding into GM and Ford territory.

Q3 GDP Increased More Than Expected

12:02pm, Wednesday, 29'th Nov 2023
Pre-market futures are revving higher this morning, following marginal gains across the board yesterday after starting the day in the red. We're closing out Q3 earnings season and paying attention to
CNBC's Phil LeBeau and GM CEO Mary Barra join 'Squawk on the Street' to discuss the company's new 2023 guidance, challenges with Cruise, China market, slowing EV growth and spending plans, and more.

GM CEO Barra on Buyback, Dividend and EV Strategy

10:59am, Wednesday, 29'th Nov 2023
General Motors CEO Mary Barra discusses the company's dividend, buyback and EV production plans with Jonathan Ferro on "Bloomberg The Open." GM said it will boost its dividend by 33% and repurchase $1
General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.
A broadening of the stock market rally beyond technology is good news for bullish investors. General Motors reinstated its earnings guidance for 2023 and announced massive stock buybacks along with a

G.M. to Cut Spending on Cruise Self-Driving Unit

08:45am, Wednesday, 29'th Nov 2023
General Motors will “substantially lower spending” on autonomous vehicle efforts in 2024 after accidents with its self-driving taxis in San Francisco.
The UAW's targeted strikes, which ended in late October, cost GM $1.1 billion in adjusted earnings before interest and tax, or EBIT, in 2023.
General Motors Co. will boost its dividend by 33% and announced its biggest-ever buyback plan of $10 billion of shares Wednesday. David Welch reports on Bloomberg Television.
CNBC's Phil LeBeau joins 'Squawk Box' with the latest guidance from General Motors.
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