Big tech companies are continuing a turnaround from last year, as Alphabet, Microsoft and Snap kicked off earnings season with strong sales results for the quarter ended in September.
In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next.
Months after the collapse of regional banks like Signature Bank, First Republic Bank and Silicon Valley Bank, as well as fears of a credit crisis, the regional banking sector may not be out of the woods quite yet.
General Motors’ stronger-than-expected third quarter profit was greeted by an an expansion of the strike at the company by the United Auto Workers union.
The United Auto Workers union took its most serious shot yet at General Motors in its five-week old strike as 5,000 members walked off the job at a plant in Texas. Arlington Assembly builds GM’s very profitable full-size SUVs, the Chevrolet Tahoe and Suburban, GMC Yukon and Cadillac Escalade.