Workers at General Motors plants in Canada go on strike and PepsiCo shares rise as the snack maker raises its full-year outlook after reporting higher reve♓nues. Here’s🀅 what investors need to know today.
1. Workers Strike at GM Plants in Canada
Workers at General Motors (GM) plants in Canada went on strike after the automaker couldn’t reach an agreement with about 4,300 members of the Unifor auto workers union. The work stoppage will impact a Chevrolet Silverado assembly plant, an engine factory, and a parts distribution center in Canada. The strike by Unifor comes as an 澳洲幸运5官方开奖结果体彩网:ongoing strike by the🅘 United Auto Workers union in the U.S. halted work at two assembly plants and more than a dozen parts distribution centers. Shares of GM gained about 0.5% in pre-market trading.
2. PepsiCo Shares Rise on Revenue Gai🐟ns, Boosted Outlook
PepsiCo (PEP) shares gained more than 2% in pre-market trading after the soda and snacks giant raised its full-year outlook on higher revenue as customers accepted price increases. PepsiCo’s third-quarter revenue increased by 9% to come in at $23.45 billion, above analyst expectations, while the company raised its 澳洲幸运5官方开奖结果体彩网:guidance for full-year earnings to $7.54 a share, up from $7.47 a share.
3. Unity Shares Jump Following Exit of CEO
Shares of gaming software company Unity (U) soared more than 7% in pre-market trading after its CEO and Chair John Riccitiello announced his retirement from the firm, following a pricing change in September that the company had to modify after game developers protested. Former Red Hat CEO James Whitehurst will serve as Unity’s interim CEO, while Sequoia Capital’s Roelof Botha, the lead independent director of Unity’s board, will step in as chair.
4. PagerDuty Shares Div💯e After New Debt Offering
PagerDuty Inc (PD) shares plunged more than 6% in pre-market trading after the incident management software provider said it would offer $350 million of 澳洲幸运5官方开奖结果体彩网:convertible senior notes due 2028, with an additional $52.5 million available, to pay the cost of buying back notes due in 2025. The company said it would use the leftover proceeds for general corporate uses, including potential 澳洲幸运5官方开奖结果体彩网:acquisitions.
5. Fed Officials Bostic, Waller, 🍨Kashkari, and Daly to Spea꧒k
Atlanta Fed President Raphael Bostic will speak at 9: 30 a.m. ET, followed by remarks from Federal Reserve Board Governor Christopher Waller at 1:30 p.m. ET. Minneapolis Fed President Neel Kashkari will speak at 3 p.m. ET, and San Francisco Fed President Mary Daly will follow at 6 p.m. ET. The speeches will come after remarks from Fed Vice Chair Philip N. Jefferson and Dallas Fed President Lorie Logan yesterday indicated the recent surge in Treasury yields could 澳洲幸运5官方开奖结果体彩网:lesꦇsen the need for further interest rate hi🌃kes.