Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading on Friday: General Electric — Shares of General Electric rose nearly 9% after analysts and the company’s CEO stood
Finance
Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric CEO Larry Culp bought nearly $2 million worth of the company’s stock after Madoff whistleblower Harry Markopolos called the company “a bigger fraud than Enron.” A Thursday evening filing with the SEC revealed that Culp bought 252,200 shares for about $7.93 each. Culp, who
Jen-Hsun Huang, CEO, Nvidia David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Nvidia jumped as much as 7% after the chipmaker announced better-than-expected second-quarter earnings. The company reported adjusted earnings per share of $1.24 on revenue of $2.58 billion. Analysts had expected earnings per share
Shoppers walking in the Herald Square area of New York. Michael Nagle | Bloomberg | Getty Images By any number of measures, the U.S. economy is outshining the depressed picture the bond market has been painting of U.S. growth, and a big part of it is the resilient American consumer. The latest batch of U.S.
Traders work on the floor at the New York Stock Exchange, August 13, 2019. Eduardo Munoz | Reuters Stock futures indicated little change for stocks on Wall Street on Thursday after first opening the overnight session lower. That follows the Dow Jones Industrial Average’s worst day of the year on Wednesday amid a recession signal