Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday morning as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.Asia Marketsread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
General Electric shares are up more than 16 percent to begin the year, but Wall Street's top analyst on the stock told investors Thursday that this run has been "a show about nothing."
"GE has continued to outperform in 2019 on hope for a recovery underpinned by almost no hard data or tangible new news," J.P. Morgan's Stephen Tusa said.
Tusa said reports that GE may sell its key aviation business "do not count" as a positive driver for the stock. Rather, the potential sale of GE Capital Aviation Services is evolving from a "big perceived positive to potentially disadvantageous," Tusa said.
"An apparent inability to sell [GECAS] after being shopped now twice in the last 6 months ... or a sale below book would not only be not positive but could suggest more desperation to bring cash at any cost," Tusa added.
He cautioned investors to wait until GE reports fourth-quarter earnings, expected before the bell on Jan. 31. Tusa was the first analyst to go negative on GE in May 2016 when the stock was above $30. His reports often move the stock, as was the case in mid-December when he suggested that a $6 price was likely the bottom.
"Either way, much of this debate should become clearer within the next week as earnings will provide some necessary direction with tangible numbers and potential clarity around portfolio/balance sheet strategy, which we believe will be more dilutive than most assume," Tusa said.
GE shares fell in early trading but later recovered, ending the day up 0.6 percent at $8.78 a share. J.P. Morgan still has a neutral rating and a $6 price target on GE shares.