Feature

The bottom line

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.

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)

Recommended

White House expectations low for Biden-Putin meeting
Russian, American, Swiss flags ahead of Biden-Putin meeting.
no unpleasant surprises

White House expectations low for Biden-Putin meeting

Associated Press will no longer name suspects in minor crimes
AP Offices.
Big changes

Associated Press will no longer name suspects in minor crimes

COVID-19 vaccines effective against Delta variant, U.K. studies find
NHS COVID-19 vaccination bus
Solving COVID

COVID-19 vaccines effective against Delta variant, U.K. studies find

Ghana fights deforestation by planting 5 million trees in 1 day
Seedlings in Ghana.
it wasn't all bad

Ghana fights deforestation by planting 5 million trees in 1 day

Most Popular

7 toons about the Dems' Joe Manchin problem
Political Cartoon.
Feature

7 toons about the Dems' Joe Manchin problem

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now
Bernie Sanders.
Sounds dope

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now

Georgia election workers reportedly received a 'torrent' of threats
Trump rally.
The big lie

Georgia election workers reportedly received a 'torrent' of threats