) inched higher to 4.84%, shaking off a slide earlier in the morning in another sign of volatility. On Monday, the yield topped 5% to reach its highest level since 2007, then sank in whipsaw action.to its highest level since the 2022 crypto crash, thanks to speculation the SEC is about to approve an ETF linked to the token.Stocks closed in the green as investors awaited a slew of big tech earnings releases after the bell on Tuesday.on Tuesday afternoon.
The movement on the inverted yield curve has the recession indicator's founder increasingly pessimistic, which occurs when the yield on 3-month Treasury bills exceeds the yield on 10-year notes, is a perfect 8-for-8 in preceding every recession since World War II. The maker of jet engines now expects 2023 adjusted earnings of $2.55 to $2.65 a share, up from a prior projection of no more than $2.30.
For the third quarter, GM reported top-line revenue of $44.13 billion , a 5.4% gain from a year ago. On the profitability front, GM reported adjusted EPS of $2.28 a share , on net income of $3.06 billion. The streaming service reported net income of 65 million euros , or 0.33 euros per share. It's a significant beat, given analysts had expected a loss of 0.20 euros per share. It also compares with the year-earlier period loss of 166 million euros, or 0.86 euros a share.
Late last quarter, Spotify hiked the price of its ad-free Premium subscription plan by $1 to $10.99 a month — a long-awaited change as the companyThe company's Duo plan rose by $2 to $14.99 while the family plan increased by $1 to $16.99. The student plan also went up by $1 to $5.99 a month.Manufacturing demand increased for the first time in six months during the month of October, according to new data released on Tuesday.
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