S&P downgrades debt-riddled GE and GE Capital

S&P downgrades debt-riddled GE and GE Capital

New General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he’s inheriting. Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody’s and Fitch warned they could do the same. All three ratings …

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Stocks Slip Ahead of Nvidia Shareholder Meeting

Stocks Slip Ahead of Nvidia Shareholder Meeting

Stocks Making the Biggest Moves in Early Trading 21 minutes ago Gains: Rivian (RIVN): Rivian shares were up over 29%, continuing a rise that started in extended trading Tuesday after announcing it had secured a $5 billion investment from German automotive giant Volkswagen. FedEx (FDX): The package shipping giant jumped …

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Tencent Music plans to public on US exchange

Tencent Music plans to public on US exchange

This story originally published on October 2, 2018. New York CNN Business — Tencent Music has filed plans to go public in the United States in what could be one of the biggest recent US IPOs by a Chinese company. The company set a placeholder target of $1 billion, which …

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Tesla calms fears with strong sales numbers

Tesla calms fears with strong sales numbers

New York CNN Business — A tumultuous quarter at Tesla ended with some very good sales numbers. The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model …

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5 Things to Know Before the Stock Market Opens

5 Things to Know Before the Stock Market Opens

Nvidia (NVDA) shares are moving higher in premarket trading as investors prepare for the company’s shareholder meeting today, where votes will be held on executive compensation, board members, and other issues; shares of FedEx (FDX) are soaring after the parcel delivery service reported better-than-expected revenue and projected continued revenue growth …

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Watch These FedEx Price Levels as Stock Soars After Earnings Beat

Watch These FedEx Price Levels as Stock Soars After Earnings Beat

Key Takeaways Shares in package delivery giant FedEx surged nearly 14% in premarket trading Wednesday after the company topped Wall Street’s quarterly earnings estimates and provided an optimistic outlook.The company’s stock has traded within a narrow 6% range over the past six weeks on below-average volume, increasing the likelihood of …

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Volkswagen dumps jailed Audi CEO amid emissions probe

Volkswagen dumps jailed Audi CEO amid emissions probe

London CNN — Volkswagen has severed ties with suspended Audi CEO Rupert Stadler, who has been jailed since June in connection with an emissions investigation. Stadler has left the board of management of Audi parent company Volkswagen (VLKAF) and stepped down as chairman of the premium brand’s management board, the …

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