Above the Noise: FOMO isn’t about ignoring risk - Invesco

General Motors Co.’s GM-N third-quarter results easily beat analyst expectations on the back of resolute shoppers who continue to spring for pricey pickups and SUVs. The company on Tuesday said quarterly earnings before interest and tax, not including one-time items (adjusted EBIT) rose 22 per cent from a year earlier, to US$4.1-billion. That amounted to US$3.70 per share, topping analyst expectations of US$3.63, according to LSEG data. The automaker said it expected to end 2026 with adjusted EBIT in the range of US$14.5-billion to US$15.5-billion, narrowed from previous guidance of US$14-billion to US$16-billion. The company said it remained confident despite inflationary pressures from higher logistics and energy costs, tariffs and other expenses. GM shares fell about 6 per cent in premarket ⁠trading. The company said its board approved a multiyear, US$20-billion stock ​buyback program. GM has bought back about US$29.5-billion of its own shares since 2023, driving down its overall share count to help its per-share profit results. GM in the third quarter sold ⁠a higher mix of large pickup trucks and fewer electric vehicles, which helped the bottom line.

The Value Line Median Appreciation Potential has a good record forecasting smaller stocks’ returns. And the next four years look bearish.

Gas prices aren't the only thing that's been impacted by the conflict with Iran.

Good morning. In today’s newsletter, we’re tracking price growth in Canada, a changing corporate outlook and why investors are now betting on a rate hike next week. Up firstIn the newsAlberta votes: Albertans have decided to remain in Canada, emphatically rejecting an effort by separatists to pursue a permanent rupture with the country. Layoffs: Cleveland-Cliffs boss takes a shot at Carney and praises Trump as its conflict with Ottawa escalates. Energy: Nova Scotia says its winds are ‘world class’ – but it lacks the data to back that up. Syrup sovereignty: Canada’s official maple syrup reserve is sitting near empty because of a surge in demand. Open this photo in gallery:Barrels of pasteurized maple syrup are stored at the Quebec Maple Syrup Producers Global Strategic Maple Syrup Reserve warehouse in Plessisville, Que. Christinne Muschi/The Canadian PressIn focusThe trouble with doing the rate thingJust when it looked like interest rates might sit still for a little while, a hike is very much back in play. Markets are increasingly betting on a Bank of Canada rate hike later this month, even as new economic data give policymakers plenty of reasons to hesitate.