Investing in Security: How Innovations in Ukraine are Reshaping Western Defense - Freeman Spogli Institute for International Studies

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.

Oct 20, 2026, 6:22 a.m. EDT3 min readOptions traders lean bearish (Deribit data)SummaryBitcoin slipped to around $81,400, down 0.5% since midnight UTC, even after U. S. spot bitcoin ETFs drew $526.6 million on Monday, their largest daily inflow in nearly a month. South Korea’s Kospi fell 3.73% to its lowest close since April 7 as SK Hynix and Samsung Electronics declined, with renewed AI spending worries weighing on chipmakers’ shares. Options traders are seeking downside protection, with Deribit puts outtrading calls by more than two to one and a bearish skew across expiries. CoinDesk’s DeFi index fell 1.2%. Bitcoin BTC$81,462.69 slipped to around $81,400 on Tuesday, down 0.5% since midnight UTC, even after U. S. spot bitcoin exchange-traded funds attracted $526.6 million on Monday, their largest daily inflow in nearly a month. Asian stocks set the tone, with South Korea’s benchmark Kospi index falling 3.73% to its lowest close since April 7 as SK Hynix and Samsung Electronics declined with renewed worries over AI spending weighing on chipmakers’ shares. Nasdaq 100 futures fell 0.31%. Altcoin losses were broadly in line with bitcoin.

XRP inflows to exchanges have hit seven-month highs as more than 6 billion tokens were deposited in the last 30 days. Key points:Rolling 30-day inflows to exchanges hit 6 billion XRP on Oct. 19, their highest value in seven months. The 90-day moving average of whale outflows fell to $49.7 million, its lowest levels in five years, as analysts see a lack of interest in the XRP/USDT pair. The realized profit/loss ratio has dropped 41% in October as rangebound trading conditions return. XRP whale interest absent as exchange inflows climb: AnalysisNew research from onchain analytics platform CryptoQuant reveals that on a rolling 30-day basis, XRP exchange inflows are at their highest since March. In the 30 days to Oct. 19, inflows totaled 6.05 billion XRP and have doubled since mid-August. During this time, XRP/USD increased from around $1 to a maximum of $1.70 before correcting to the current levels around $1.30. “The rise in total inflows to more than 6 billion XRP, reaching a seven-month high, signals a clear shift in asset movement toward exchanges.