Bloomberg Intelligence GM Suspends Guidance, Carney Wins Canada Election
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Apr 29, 2025 Ted Swimmer, Head of Capital Markets and Advisory at Citizens Bank, sheds light on the evolving landscape of capital markets. He discusses the rise of private credit as traditional banks adapt to partner with private lenders, enhancing their protection against potential deal failures. Swimmer also navigates the challenging IPO market, assessing how economic uncertainties are shaping investment strategies. Expect insightful takes on how shifts in market dynamics are influencing financial planning and M&A activity.
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GM Suspends Guidance Over Tariffs
- GM has paused its 2025 earnings guidance due to tariff uncertainties, especially on auto parts from Canada and Mexico.
- The company also halted $4 billion of its share buyback to await clearer tariff impacts on profits and cash flow.
GM Adjusts Production to Offset Tariffs
- GM increased production and line speed at its Fort Wayne, Indiana plant to offset tariffs on pickup trucks made in Canada and Mexico.
- Such adjustments help produce more American-made vehicles to reduce tariff impact during transitions that take years.
Carney Wins Amid US Trade War
- Canada's Liberal Party won a fourth straight election narrowly under Mark Carney, who must now build coalitions to pass his economic agenda.
- Carney aims to strongly oppose the US trade war tactics during upcoming talks with President Trump.