General Motors Company traded higher into Wednesay's open after the company turned in better-than-expected financial results and raised its 2023 outlook. The Detroit-based company reported fourth-quarter revenue of $43.1 billion, which beat average analyst estimates of $40.65 billion, according to Benzinga Pro. Here's what analysts have to say about GM's positive earnings report.
The World Economic Forum recently held its annual meeting in Davos, Switzerland where leaders in finance and government convened to discuss policy, pandemic fragmentation and multipolarity. Benzinga attended the event and interviewed Jeff Schumacher, the founder and CEO at NAX, the New Asset Exchange.
2022 was a historic year for cannabis, even though marijuana banking reform was excluded from a large-scale spending bill in December after failing to make it into the National Defense Authorization Act.
The continued strength of Global Net Lease Inc. and Getty Realty Corp. is awesome to behold, especially given the uncertainty about the pace of Federal Reserve interest rate hikes. Global Net Lease is on the smaller side of publicly traded real estate investment trusts with a market capitalization of $1.52 billion.
As January comes to an end, many of the real estate investment trusts that were substantially lower in 2022 have had remarkable comebacks this month. There were fears in 2022 that inflation and perhaps a subsequent recession would compel current customers to give up their storage units.
Tech layoffs have been in the spotlight over the past few months as companies are scrambling to squeeze every bit of the cost leverage to counter shrinking toplines. What Happened: Tesla's full-time employee count, including those employed by its subsidiaries worldwide, totaled 127,855 at the end of 2022, the Austin, Texas-based company said in its 10-Q filed with the SEC on Monday.
Agree Realty Corp., which is a constituent of the S&P SmallCap 600, is all set to join the S&P MidCap 400 on Feb. 6, 2023. Agree Reality will replace STORE Capital Corp. in the MidCap 400 index, while Comstock Resources Inc. will replace Agree Reality in the SmallCap600, according to a statement issued by S&P Dow Jones Indices.
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