President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Maybe the worst has passed for General Electric, after the company's stock dropped more than 12 percent in two days and it had its worst trading day since 2009.
GE rebounded above $18 a share Wednesday after falling as low as $17.50 earlier in the session.
The trouble started Monday after the company announced that it would slash its quarterly dividend by 50 percent, to 12 cents per share. Things got worse for the New York-based conglomerate when investors recoiled from a restructuring plan proposed by CEO John Flannery, who replaced Jeff Immelt in August.
The "turnaround plan fell short of the sweeping reset of the business model/portfolio many had hoped for," RBC analyst Deane Dray wrote in a note to clients Tuesday. "[There are] few reasons to believe the stock bottoms here."
But maybe investors finally believe GE offers some value.
We are "sticking with a buy despite a disappointing outlook," Bank of America Merrill Lynch analyst Andrew Obin wrote in a note to clients on Tuesday. "We believe that GE has significant cost cutting opportunities under the new leadership. We note that the company has undergone a significant reinvestment cycle, positioning the company well from a competitive standpoint."
GE shares are the worst performer in the Dow Jones Industrial Average this year by far, down 42 percent. The next biggest loser is Verizon, which is 17 percent lower for 2017. On Wednesday, GE stock was the best performer in the benchmark.