Author: Press Room

DETROIT – General Motors easily beat Wall Street’s earnings expectations during the third quarter, while signaling caution and confirming its full-year results are likely to come in near the “mid-point” of its previously announced forecast.The Detroit automaker on Tuesday stressed that demand for its products remains strong despite outside economic concerns and rising interest rates. But its profits narrowed in the third quarter, as its vehicle inventory slowly rises from record lows.Here’s how GM performed, compared with analysts estimates as compiled by Refinitiv:Adjusted earnings per share: $2.25 vs. $1.88Revenue: $41.89 billion vs. $42.22 billionThe big beat and narrow miss on…

US’ Women’s National Basketball Association (NBA) basketball player Brittney Griner, who was detained at Moscow’s Sheremetyevo airport and later charged with illegal possession of cannabis, stands inside a defendants’ cage before a court hearing in Khimki outside Moscow, on August 4, 2022. Evgenia Novozhenina | AFP | Getty ImagesWASHINGTON — A Russian court upheld WNBA star Brittney Griner’s nine-year prison sentence on Tuesday, a decision that will send the U.S. athlete to a penal colony.The court near Moscow upheld the original sentence which the state prosecutor called “fair.”Griner has about eight years left on her sentence though another appeal is possible through…

This year’s bear market has been “epic” in depth and breadth. But aside from the mess in fixed income markets, it has also been remarkably orderly. Why has stock market volatility been so low?It might not always be obvious, but in terms of both realised and implied volatility, the 2022 rout has been remarkably subdued. In other words, equity markets have deflated steadily like a balloon held in place, rather than a punctured one let loose to fly. The Vix volatility index hasn’t breached the 40-point mark all year, and has generally oscillated around the 25-35 point mark it currently…

A woman in the U.K. claimed her plans to bury her late husband at Walt Disney World in Florida were ruined after an airline temporarily lost her luggage containing his cremated remains.Joyce Jackson, 78, of Wales alleged that Virgin Atlantic accidentally left the suitcase containing the ashes of her husband Gordon at Manchester Airport, according to local North Wales Live.Jackson, whose husband died from a tragic accident last year, intended to bury some of Gordon’s remains at their favorite vacation destination near to what would have been his 80th birthday and their wedding anniversary.”Gordon absolutely loved it there,” Jackson told…

Beijing has expressed its concern with Australia’s recent security deal with Japan. The Australian’s Will Glasgow says the reaction from Beijing is “not for nothing”, as the pact was created because of China’s “aggressive behaviour in the region”. “Yes they’re working together, yes Beijing’s not happy, but the Albanese government has made it very clear it’s just going to get on with business”, he told Sky News Australia. Source: Sky News

Rain showers are expected to last throughout the week, forecasters say, with some flood alerts still in place on Tuesday morning after a wave of storms at the weekendVideo LoadingVideo UnavailableThe video will auto-play soon8CancelPlay now Wet conditions are expected to last for the rest of the week, according to the latest weather forecasts. Weather maps from the Met Office show a dry start to Tuesday being interrupted by showers, sometimes heavy, by the late afternoon, with clouds moving in a north-easterly direction after arriving in the southeast. This same weather front will continue to bring rain across the north…

CNN  —  Five people have been trapped about 200 feet underground at the Grand Canyon Caverns since Sunday in Peach Springs, Arizona, officials said. The group became stranded at the tourist site after an elevator malfunctioned, according to Jon Paxton, a spokesperson for the Coconino County Sheriff’s Office. “Yesterday five folks were exiting the caverns when the elevator stopped working. Believing it was an electrical problem, a generator was brought in. It’s not an electrical problem. It’s a mechanical problem,” Paxton told CNN. Officials do not know how long it will take to fix the elevator, and the group is…

The voters of Cambridge voted for change on Monday night, as Jan Liggett was unofficially elected mayor by residents. The former Ward 4 councillor beat incumbent Kathryn McGarry by just over 1,000 votes, according to the unofficial results posted on the city’s website.McGarry was not the only incumbent to lose their seat on council as Ward 2 Coun. Shannon Adshade was knocked off by Adam Cooper.In Ward 4, Ross Earnshaw has been unoffically selected to replace Liggett as he landed well out in front of Clifford Vanclief, Usman Lalva and Barbara Harrington.In Ward 5, former councillor Pam Wolf had chosen…

Bill Burr provided the comedy on Peyton and Eli Manning’s simulcast of the New England Patriots and Chicago Bears matchup on Monday night.Burr was the second guest on ESPN’s “ManningCast” and the avid Patriots fan was immediately hit with the reality of talking to the two quarterbacks that tended to torment him during some of Tom Brady’s best seasons with that organization.”Can I deal with the nightmare of talking to two Manning brothers? This is like the quarterback anti-Christ for me,” Burr said, spurring laughs from the Manning tandem.Eli Manning notably defeated the Patriots in Super Bowls XLII and XLVI…

Waterloo Region voters have decided to give Karen Redman a second kick at the can. The Waterloo, Ont., regional chair was unofficially re-elected for a second term on Monday, as she repelled challenges from Narine Dat Sookram and Brendon John Da Costa.Redman was initially elected in 2018, replacing Ken Seiling, who retired after holding the position for decades.Previously, Redman served on local school boards and city council before she was elected as MP for Kitchener Centre in 1997, a post in which she served until 2010.She returned to municipal politics in 2014 when she was elected to regional council, a…