GE stock has lost more than 40% of its value since 2000, when Flannery’s predecessor, Jeffrey Immelt, was appointed.
Jerome Powell is President Donald Trump’s nominee to replace Janet Yellen as chair of the US central bank. He will start his tenure in February 2018.
US treasury bond yields could rise sharply in 2018, as central-bank liquidity begins to recede and heavy new supply hits the market.
The proposal includes review of additional categories of transactions, such as nonpassive investments in critical technologies or infrastructure companies.
A professor at the University of Chicago Booth School of Business, Richard Thaler’s advances in behavioral economics merited a Nobel Memorial Prize in Economic Science in October.
These are the ratings for central bank governors for the Americas region in 2017.
The company has changed plans to split into three separate companies following the merger between Dow Chemicals and DuPont.
Ever since it became a bank holding company in 2008 to stay afloat in the financial crisis, the bank was urged by US Federal Reserve to rely more on ‘sticky’ consumer deposits to lower its risk profile.
The firm says the new headquarter would be as big as the existing offices in Seattle and will come with $5 billion in investment promising jobs for 50,000 employees.
David Knopf, 29 years old, represents a new breed of millennial executives who have risen up the ranks at global companies.
Executives and institutions normally known for their big-ticket dealmaking and political pronouncements have taken on an almost activist stance in the aftermath of Hurricanes Irma and Harvey.
Following the April summit the US and China achieved a 100-day joint action plan, a significant departure from Trump’s campaign rhetoric
Elon Musk, profitless billionaire first it surpassed Ford, then GM, then went head to head with Honda and flew past it.
After Wells Fargo forced two senior executives to pay back $75 million in compensation, other companies are rethinking clawback clauses—which experts say are effective governance mechanism.
For the US Federal Reserve to diminish its balance sheet, it must take care not to spook the markets.
Bank of America grew earnings 16% last year and plans further expansions, says chairman and CEO Brian Moynihan.
Amazon enters Arab markets of the Middle East / North Africa region by buying up Souq.com, an established online retailer.
Global Finance Magazine’s 2017 rankings of the best US regional banks
Gideon Rachman, author of “Easternization: Asia’s Rise and America’s Decline From Obama to Trump and Beyond,” talks with Global Finance about the growing power of Eastern nations.