GE Earnings Climb on Strong Demand for Jet Engines, Power Equipment
Business Earnings Company generated $4.3 billion in cash flow in fourth quarter
GE
Dow up nearly 400 points as jobless claims data deemed ‘welcome news for the Fed’
U.S. stocks advanced Thursday, erasing losses from earlier in the week during the second-to-last trading session of the year. The main indexes built on premarket gains after U.S. weekly jobless claims data showed the number of workers receiving benefits has climbed to the highest level since February, a sign that the Federal Reserve’s interest-rate hikes … Read more
General Electric Sets Healthcare Division Spin-Off Plans
General Electric Sets Healthcare Division Spin-Off Plans
Employees Have Finally Had Enough of Its Toxic Culture
(Bloomberg Businessweek) — Shortly after Exxon Mobil Corp. lost its battle with an activist investor last year, an executive named Bill Keillor decided to give his department a morale boost. It had been a difficult year and a half for Exxon employees. Covid-19 and plunging crude prices had led to halted salary increases, reduced benefits, … Read more
Crypto’s Domino Effect Is Widening, Threatening More Pain
Turmoil in the digital-assets ecosystem has grown in recent weeks, with losses in cryptocurrencies blowing holes in balance sheets and pushing firms near bankruptcy. After a pair of cryptocurrencies crashed, wiping out billions of dollars in value in May, a British Virgin Islands court this past week ordered a hedge fund that had survived several … Read more
GE Builds 350-Ton Turbines at Its Power Facilities. Here’s What We Found on a Tour.
Text size 7HA.03 gas turbine in GE’s Greenville, S.C., factory. Courtesy GE Power General Electric led a tour of one of its South Carolina gas power facilities as part of its Investor Day on Thursday—and while the machines produced there, and the process to make them, are incredible, sometimes great technology isn’t enough. The story of GE’s … Read more
Stocks Are on a Wild Ride. 20 Bargains to Buy Now, According to Barron’s Roundtable Experts.
Fed be nimble, Fed be quick. The quicker, the better, in fact. Hike interest rates, shrink your balance sheet, and let’s be done with it all before the stock market sinks even further. The market’s recent selloff began in late December, and has gathered considerable steam since the annual Barron’s Roundtable took place on Jan. … Read more