Markets

General Electric will be burning cash for years, JPMorgan says

General ElectricCEO Lawrence Culp said Tuesday that he sees the company having negative industrial free cash flow this year as a result of its underperforming power unit. The company’s cash burn will stretch into 2021, according to JPMorgan analyst Stephen Tusa, a long-term GE bear. Tusa says GE can tumble […]
General Electric will be burning cash for years, JPMorgan says
Markets

Netflix is on track for its lowest close since January

Netflix shares were hit hard for a third straught session Friday, and on track for their lowest close since January. The selling has come amid broader stock-market weakness, with the tech-heavy Nasdaq Composite index losing 6.4% since Wednesday, when the social-media network Facebook was sued by Washington, DC. Netflix has […]
Netflix is on track for its lowest close since January