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Frontrunning: December 13

Democrat wins Senate seat in Alabama in blow to Trump (Reuters) Capital Journal: With Alabama Loss, Trump and GOP Face Political Reckoning (WSJ) Democratic Victory Stirs GOP Anxiety Over Midterm Elections (WSJ) Fed Expected to Raise Rates (WSJ) With rate hike in the bag, Fed may hint at Trump effect on economy (Reuters) Fed 2018 […]


GE Is Trying To Figure Out Who Knew About Immelt’s “Chase Plane”

The Wall Street Journal broke one of the most memorable news stories of the year over the summer when it reported that former General Electric CEO Jeff Immelt – who bowed out in June amid intensifying pressure to revitalize the company’s long-suffering share price – would routinely use a "chase plane" when flying to foreign […]


GE Slashes 12,000 Jobs In Troubled Global Power Business

A day after labor unions warned that General Electric was planning thousands of job cuts in its troubled power-generation unit, GE confirmed that it’s planning to cut 12,000 jobs globally in its power business as the company’s new leadership tries to revive the company’s moribund stock price. The reductions would account for about 18% of […]


Is it Time to Buy $GE Yet?

Content originally published at iBankCoin.com Thanks to Jeffrey Immelt, after the financial crisis he divested many of GE’s ‘toxic’ financial divisions at the bottom and legged into the hot oil sector instead. With oil on the rise, Immelt was sure to make a killing, that was up until the business topped — leaving him with […]


General Electric Plunges 5% After Slashing Earnings Guidance

While it may not have slashed its dividend, yet, General Electric shares plunged 5% in the pre-market after the company cut its 2017 profit forecast while its new CEO grapples with one of the deepest slumps in the iconic US manufacturer’s history. The company reported that adjusted earnings this year are expected to be only […]


General Electric Plunges 5% After Slashing Guidance

While it may not have slashed its dividend, yet, General Electric shares plunged 5% in the pre-market after the company cut its 2017 profit forecast while its new CEO grapples with one of the deepest slumps in the iconic US manufacturer’s history. The company reported that adjusted earnings this year are expected to be only […]


GE Options Are Pricing In Massive Dividend Cuts

GE shares are languishing at more than four year lows (as the broader market soars to record highs) and GE credit risk stands at 8 month highs (almost dopuble the post-crisis lows hit in June). As Goldman analyst Joe Ritchie warns, a significant earnings per share/free cash flow reset looms and the prospect of a […]


The Cost Of Delusion – Asset Prices & Monetary Policy In An Irrational World

Authord by Chris Whalen via The Institutional Risk Analyst, Almost as soon as it started, the excitement surrounding earnings for financials in Q3 2017 dissipated like air leaving a balloon. Source: HedgeEye Results for the largest banks – including JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) – all universally disappointed, even based upon the […]


New Uber CEO’s “Welcome Aboard” Gift: Another Federal Investigation

Little more than a day after Dara Khosrowshahi decided to accept the Uber board’s offer to become the embattled ride-share company’s new CEO – after the company’s top two candidates dropped out of the running – he received a welcome-aboard present that was just so…Uber. Namely, a report in the Wall Street Journal claiming that […]


Uber Selects Expedia Chief Dara Khosrowshahi As Its Next CEO

Just nine hours after Jeff Immelt tweeted that he was no longer in the race to be Uber’s next CEO, moments ago Uber’s board selected Expedia CEO Dara Khosrowshahi, 48, various news outlets report. According to Recode, the board selected the “third candidate”, one who was not only an unknown until now, but one who […]