Midday movers: GM advances, Apple declines, and more
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GM surges as CEO promises greater shareholder returns
January 30, 2024 11:56 AM ESTShares of General Motors (NYSE: GM) jumped nearly 9% in early trading Tuesday after management revealed an upbeat outlook for 2024 and signaled that more capital will be returned to shareholders.
GM CEO Marry Barra highlighted strategies aimed at giving back cash to shareholders, such as a $12 billion allocation in 2023 through a $10 billion share buyback and a 33% dividend... More
