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GE CEO Larry Culp and GE Vernova CEO Scott Strazik discuss the decision to spin off GE's power business to form the new GE Vernova and the market opportunities from the energy transition. They sat down with Wall Street Week's David Westin.
General Electric's aerospace business said on Thursday it expects operating profit to rise to about $10 billion in 2028, as it gains from strong demand for spare parts and services amid an aviation boom.
GE Vernova management meets with analyst and investors in New York City on Wednesday to discuss how the company plans to lead the energy transition profitably.
Brief Backdrop on GE Stock Performance Before 2021 Spin-off Announcements
The General Electric defined benefit pension plan is about 83% funded. Is that good enough?
General Electric is set to disappear, but its two new companies will start life on a sold footing. CEO Larry Culp deserves huge credit for restructuring the company and delivering for investors.
With the S&P500 practically at all-time highs, it's no understatement to say that the stock market is booming. From AI to consumer goods, many industries are reporting favorable earnings growth at the moment, thus driving the market higher and higher up.
The Investment Committee debates how to trade these names: Netflix, Eli Lilly, General Electric and Snowflake.
The new company is set to start life with investment-grade debt, good earnings, and cash flow growth prospects. GE Vernova's management has an impressive record of executing the game plan that will be used to improve offshore wind.
Coming into 2023, most economic pundits were calling for a recession. However, a resilient economy proved the doubters wrong, leading to an impressive market performance, with the S&P 500 up over 20% year-to-date.