The Latest Breaking News from GE

Biden travels to hot spot in fall campaign, but keeps remarks bipartisan as he urges Congress to pass competitiveness package.

Someone with a lot of money to spend has taken a bearish stance on General Electric (NYSE:GE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

According to data from Benzinga Pro, during Q1, General Electric's (NYSE:GE) reported sales totaled $17.04 billion. Despite a 73.58% increase in earnings, the company posted a loss of $1.01 billion.

Industrial firms warned against China's strict COVID-19 curbs, intensifying supply chain disruptions and rising uncertainty about the business outlook, Reuters reports. Even as companies shuffled to keep up with soaring costs of everything from labor to raw materials, the Russian invasion of Ukraine and related Western sanctions drove up energy prices.…

Gainers

The first-quarter Boeing earnings report was much weaker than expected, with jet delays continuing. Boeing stock sank.

General Electric Co (NYSE: GE) shares hit a new 52-week low on Tuesday after the company reported financial results.

The stock market fell sharply as poor earnings reports and economic news pointed to a struggling consumer base.

General Electric Company (NYSE: GE) reported its first quarter adjusted earnings above Street estimates. Although orders were strong, the company’s print was impacted by supply chain issues much more than anticipated, according to BofA Securities.