GE Reaffirms 2022 Earnings Forecast Despite Challenges

GE Reaffirms 2022 Earnings Forecast Despite Challenges

By Rajesh Kumar Singh GREENVILLE, S.C. (Reuters) – General Electric Co on Thursday reiterated its 2022 earnings forecast, but said Russia’s invasion of Ukraine has added to business uncertainty. The Boston-based industrial conglomerate last month warned that its profits would suffer in the first half of this year due to persistent supply-chain and inflationary pressures….

Read More

Remember China?

Russia’s invasion of Ukraine has dominated headlines. Rightfully so as this marks the largest military battle on European soil since 1945. Markets are on high alert as analysts and economists project the impact of the invasion on the global economy. One important story that has slipped under the radar is the results of China’s Two…

Read More

More Americans filed for unemployment benefits last week

WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week, but layoffs have settled to the low, pre-pandemic levels seen before the coronavirus recession in 2020. Jobless claims rose by 11,000 to 227,000 for the week ending March 5, the Labor Department reported Thursday. The previous week’s number was 216,000. First-time applications for…

Read More