GM $10B Buyback & AAPL Ending Partnership With GS

General Motors (GM) announces a $10B buyback and will increase its dividend in 2024. GM’s FY23 guidance sees adjusted EPS between $7.20-$7.70 and adjusted EBIT between $11.7B-$12.7B. Caroline Woods discusses this as GM sees “substantially” lower cruise spend. Woods also talks about how Apple (AAPL) is to end its partnership with Goldman Sachs (GS). AAPL is aiming to exit the contract with GS in the next 12-to-15 months. It is not known if AAPL has already lined up a new issuer for the card. Tune in to find out more about the stock market today.