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GE

General Electric Co (NYSE:GE) has agreed to a $9.4 million settlement with the U.S. Department of Justice over claims that its GE Aerospace's Lynn facility sold improperly inspected or noncompliant parts to the U.S. Army and Navy. The settlement covers a period from July 2014 to December 2019. GE Aerospace has taken corrective steps to prevent future occurrences. GE is in the process of segregating into three entities focusing on aviation, energy, and healthcare.

Portfolio Pulse from Shivani Kumaresan

November 07, 2023 | 1:26 pm

SPY

Federal Reserve's Goolsbee has indicated that the current trends are expected to continue. No specific details or changes were mentioned.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:18 pm

SPY

Fed's Goolsbee stated that while financial conditions are important, the market doesn't dictate the Fed's actions. He also mentioned the possibility of a 'golden path' that could bring down inflation without causing a recession.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:17 pm

SPY

Federal Reserve's Goolsbee stated that the current path on inflation is good, but not yet complete. The priority for changing the rate stance is the inflation rate.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:15 pm

SPY

Federal Reserve's Goolsbee stated that he does not prefer precommitting to what the rates will be at the next meeting as there is still a lot of data to parse. He added that his conditions for the Fed to be done with rates are that we are clearly back on the path to get inflation back to 2%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:14 pm

SPY

Federal Reserve's Goolsbee predicts a possible equal to the fastest drop in inflation in the last century. This could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:12 pm

SPY

Federal Reserve's Goolsbee has stated that there is a need to pay attention to inflation, while also noting that the employment side of the mandate is going well. He also mentioned that inflation has come down a lot.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:10 pm

SPY

Federal Reserve's Goolsbee stated that the focus should not be on yields, but rather on what's driving them. This statement suggests a shift in the Fed's approach towards understanding the underlying factors influencing yields.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:10 pm

SPY

Goolsbee has stated that the current economic slowdown is desirable, as it is leading towards more balanced growth and a sustainable level.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:09 pm

SPY

Federal Reserve's Goolsbee has stated that everyone is closely observing to understand what is driving long-term yield rates.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:09 pm