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Monthly Archives: October 2018

The problems at GE’s troubled power unit can’t be fixed quickly

Luke Sharrett | Bloomberg | Getty Images Workers on the assembly line for gas turbines at the General Electric energy plant in Greenville, South Carolina. GE does not see demand rebounding soon. The market for gas-powered turbines will total less than 30 gigawatts this year and remain stagnant through 2020, …

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Here’s what major Wall Street analysts think of General Electric’s sudden CEO change

Luke Sharrett | Bloomberg | Getty Images A production assembly mechanic prepares to install a bracket on a CFM56-7 jet engine at General Electric Co.’s GE Aviation factory in Cincinnati, Ohio, June 25, 2014. Wall Street is stunned after General Electric’s board of directors replaced John Flannery as chief executive …

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Why GE removed John Flannery as CEO after little more than a year

General Electric’s board of directors removed John Flannery as CEO due to frustration with the pace of his turnaround plan for the embattled industrial conglomerate, sources familiar with the situation told CNBC. Flannery took on the job in August 2017. “The board was unsatisfied with the execution that was taking …

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No trade deal with China is ‘imminent’

Adam Jeffery | CNBC Larry Kudlow, Director of the National Economic Council, speaking at the New York Economic Club in New York on Sept. 17th, 2018. White House economic advisor Larry Kudlowsays discussions with China over trade aren’t progressing. On Sunday, the U.S. and Canada reached a new trade deal …

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Tesla made a record 80,000 vehicles last quarter, report says

David Paul Morris | Bloomberg | Getty Images Tesla vehicles are loaded onto a truck for transport at the company’s manufacturing facility in Fremont, California, on Wednesday, June 20, 2018.  Tesla produced a record number of vehicles in the third quarter, said a report in electric vehicle blog Electrek, which …

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Canadian dollar surges after US and Canada strike deal to replace NAFTA

Leon Neal | Getty Images President Donald Trump (L) gives a thumbs up to the media as he is greeted by Prime Minister of Canada Justin Trudeau during the G7 official welcome at Le Manoir Richelieu on day one of the G7 meeting on June 8, 2018 in Quebec City, …

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A new market test lies ahead for Greece as it prepares its 2019 budget

Louisa Gouliamaki | AFP | Getty Images A woman walks past a graffiti refering to the Greek debt and reading ‘Forever a loan’ outside the Academy of Athens building on August 28, 2017. Market players will be looking for clues as to Greece’s economic plans when Athens unveil its draft …

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CBS faces a New York sexual misconduct probe tied to ex-CEO Leslie Moonves

Patrick T. Fallon | Bloomberg | Getty Images Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp., listens during the annual Milken Institute Global Conference in Beverly Hills , California. CBS is facing probes by both New York City and state officials tied to sexual assault and harassment …

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Three options strategies for the week: Oct 1

The “Options Action” traders share three options trading strategies to kick off the week. MikeKhouw and Carter Worth recommend a put spread in the Retail ETF Dan Nathan recommends a put strategy in the Consumer Staples ETF Mike Khouw recommends a put spread in Tesla Trader disclosure: Dan Nathan is …

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OPEC powerless to prevent prices surging to $100 a barrel

Ali Mohammadi/Bloomberg via Getty Images A support vessel flying an Iranian national flag sails alongside the oil tanker ‘Devon’ as it prepares to transport crude oil to export markets in Bandar Abbas, Iran, on Friday, March 23, 2018. “Against this backdrop of dwindling Iranian oil supplies, the focus will turn …

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