In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
"The important thing is that you shouldn't try to hit homeruns this week, because you're much more likely to end up striking out," Jim Cramer says.Mad Money with Jim Cramerread more
Reps. Ilhan Omar, Ayanna Pressley, Alexandria Ocasio-Cortez and Rashida Tlaib said Trump challenged them personally because he was not able to defeat them on the policy level.Politicsread more
A financial disclosure made by lawyers for Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, reveals he has nearly $560 million in assets.Politicsread more
The nation's second-largest pension fund is standing behind General Electric.
The industrial conglomerate is down about 47 percent from 12 months ago. It also cut its dividend in half in November.
"It's got a great mix of a whole bunch of portfolio companies," said Chris Ailman, chief investment officer of the California State Teachers' Retirement System.
On Wednesday, GE dropped the most in a single day of trading since April 2009 after CEO John Flannery said the company will "have to see how" the turnaround plan "plays out" before deciding whether to cut the company's dividend again.
However, sources told CNBC's David Faber on Thursday that GE does not plan to cut its dividend in 2019. Flannery's remarks may have been misinterpreted, according to those sources.
"We think it's going to improve in value over time," he said. "The dividend is important but it is not critical. It is more important for the pensioners but for us as a shareholder, we're interested in the total return of the stock."
Meanwhile, he thinks Flannery, who took the helm of the beleaguered company in August, is off to a good start.
"He needs to continue to diversify the board. We'd like to see more outside ideas come into that board because there's such a diverse set of product mix," said Ailman.
"One of the challenges for Wall Street is trying to figure out what exactly GE is."
However, he anticipates a trying time ahead for the new CEO.
That's because GE is a "giant, giant battleship."
"When you're a huge ship in this ocean, trying to figure out how to navigate this world, he's going to have challenges in front of him. We're going to give him some time to see how he performs," Ailman added.