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Stocks higher, IMF on inflation, PepsiCo earnings, GM strike, Unity Software

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Stocks higher, IMF on inflation, PepsiCo earnings, GM strike, Unity Software

A big pullback in Treasury bond yields, as well as Israel's securing of its southern border with Gaza, has stocks moving cautiously higher in early Tuesday trading.The International Monetary Fund warned that inflation risks to global growth remain elevated, but said the U.S. will be the only economy returning to pre-pandemic GDP levels next year.

PepsiCo added another round of price increases to its solid organic sales growth, allowing the drinks and snacks giant to lift its full year profit forecast for a third straight quarter.General Motors, which is locked in talks with UAW members in the United States, now faces new strike action in Canada following the collapse of negotiations with Unifor.Unity Software, which attempted a chaotic series of pricing changes for its video game developer customers last month, has a new CEO.

 

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