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

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

Oct 10, 2023 - 19:30
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Stocks higher, IMF on inflation, PepsiCo earnings, GM strike, Unity Software

Five things you need to know before the market opens on Tuesday October 10:

1. -- Stock Market Today: Stocks higher, Treasury yields retreat as global markets settle

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.

2. -- IMF warns on inflation risk, clips growth forecasts, but sees US resilience

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.

3. -- PepsiCo earnings top forecasts as price increases support profit boost

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.

4. -- General Motors faces new strike action in Canada as pay talks with Unifor union collapse

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.

5. -- Unity Software surges as CEO steps Riccitiello down following runtime fee change pushback

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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