GE Aerospace revenue, earnings, and cash flow all surged, driven by strong demand in its commercial services division and a significant increase in order volume.
The jams and peanut butter maker recently issued a downbeat forecast for the current fiscal year, blaming headwinds from higher coffee costs and U.S. tariffs.
The Nasdaq Composite extended its record-setting streak to three straight sessions, while the broader S&P 500 Index closed within 20 points of a record high.
The U.S. President was now reportedly seeking “quick wins” with China, rather than addressing the substantial trade deficits between the two countries.
According to a report by Bloomberg, which cited people familiar with the matter, President Trump has toned down his confrontation with China compared to his presidential campaign, as he seeks to achieve quick wins.
