NEW YORK, NY - OCTOBER 26: Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City. 

Futures lower; oil price, inflation data in focus

U.S. stock futures pointed to a negative open on Wednesday amid volatility in the oil market and as investors looked ahead to upcoming inflation data. As of 4:40 a.m. ET, Dow Jones Industrial Average futures were 78 points lower, indicating a lower open of -23 points, while S&P 500 and Nasdaq futures were also in […]

GE responds to JP Morgan price cut as shares plummet

GE responds to JP Morgan price cut as shares plummet

General Electric responded Friday to questions about the company’s financial situation raised by J.P. Morgan analyst Stephen Tusa. GE said it “is a fundamentally strong company with a sound liquidity position. We are taking aggressive action to strengthen our balance sheet through accelerated deleveraging and position our businesses for success.” Shares of GE closed down […]

Brendan Kennedy, CEO, Tilray

Tilray CEO on Michigan, Missouri weed legalization, TLRY stock price

The midterm election results are a win for the marijuana industry, according to the CEO of a prominent cannabis company. Utah and Missouri approved the use of cannabis for medical purposes on Tuesday, according to projections. While Michigan gave the green light to the recreational use of marijuana, having allowed its use for medical purposes […]

Prescription drugs

Drugmakers will add price data to ads, but not as much as Trump wants

Major drugmakers will soon include price information in television advertisements, conceding to the Trump administration but not as far as the administration may have hoped. Starting April 15, 2019, members of the Pharmaceutical Research and Manufacturers of America trade group will start telling consumers where they can go to find information about costs. These websites […]

A GE turbine is transported to a power plant in Belfort, France, on June 29, 2015.

JP Morgan lowers GE price target to $10 per share

Sebastien Bozon | AFP | Getty Images A GE turbine is transported to a power plant in Belfort, France, on June 29, 2015. J.P. Morgan lowered its price target on General Electric stock to $10 per share from $11 per share on Thursday, calling a recent gas turbine failure in Texas “a negative development for […]