Shares of General Electric Co. gained ground Thursday after bullish UBS analyst Chris Snyder raised his price target by 15%, saying the aviation, power and renewable-energy company is a defensive play in the face of a worrisome economic outlook. Synder said while the market’s valuation of GE’s GE, +0.21% stock may be “pushing near the…
General Electric Co. Chief Executive Larry Culp has agreed to a cut in his compensation in response to shareholder feedback, according to a regulatory filing on Thursday. “In response to prior shareholder feedback, the committee and Mr. Culp agreed to reduce his annual equity incentive grant for 2022 from a grant date fair value of…
KBW recommends buying a batch of financials as the recent selloff is considered overdone.
That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing one demand indicator that suggests the U.S. economy was slowing. But that indicator was enough for the company to provide a 2023 earnings estimate below Wall Street expectations. The aerospace, power and renewable energy company reported before Tuesday’s opening bell…
U.S. stocks were up Wednesday at midday as investors digest the latest jobs data and a fresh reading on manufacturing activity ahead of the Federal Reserve’s release of its policy meeting minutes. How stock indexes are trading The Dow Jones Industrial Average DJIA, +0.71% was up 246 points, or 0.7%, at 33,385. The S&P 500…
U.S. stocks bounced back in early trading on Thursday, after the Nasdaq nearly hit a 30-month low a day earlier, as the market looked set to erase some of its recent losses on the second-to-last trading day of the year. The main indexes built on premarket gains after U.S. weekly jobless claims data showed the…
The Russian assets of major global corporations could be seized by the Kremlin amid the ongoing fallout from Russia’s invasion of Ukraine, according to new research. With the war now in its sixth month, the Moral Rating Agency has released new data on 47 of the largest companies in the world, which it says have assets at…