General Electric, widely seen as a U.S. economic bellwether, cut its annual earnings forecast, citing “unprecedented weakness and volatility” in the financial services market. (Bloomberg) GE also halted a stock buyback. With the U.S. economy slowing, it’s normal for a broad conglomerate like GE to warn, said Philippe Gijselst at Fortis Bank in Brussels. “I fear that there will be more of the same in the industrial sector in a not-too-distant future.” (Reuters)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- What would a U.S.-Russia war look like?
- Why the West should let Russia have eastern Ukraine
- Fall movie guide: All the films you should see in September
- 10 things you need to know today: September 1, 2014
- Scottish independence is another financial crisis waiting to happen
- 7 grammar rules you really should pay attention to
- Why you should stop believing in evolution
- The elusive 'It factor' in presidential politics
- Hey, grammar nerds! Stop freaking out about 'alot.'
- The 10 best networking tips for people who hate networking
Subscribe to the Week