GE News Explorer

GE Vernova announced it plans to invest nearly $600 million in its U.S. facilities over the next two years, with new projects planned in several states to help meet rising power demands.

Stocks steady as investors stay focused on what Trump's intentions are.

Stocks steady as investors stay focused on what Trump's intentions are.

Stocks steady as investors stay focused on what Trump's intentions are.

Stocks steady as investors stay focused on what Trump's intentions are.

The company's shares rose 6.5% in trading before the bell after GE Aerospace also announced plans to increase its share buybacks to $7 billion in 2025 and its dividend by 30%. Production delays at Boeing and Airbus have resulted in longer wait times for new jets. This has forced airlines to operate older, maintenance-intensive aircraft to meet demand for air travel.

Stocks steady as investors stay focused on what Trump's intentions are.

The company said other blades had a “manufacturing deviation” similar to a blade that shattered in July off the coast of Nantucket.

Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.

The policy focus on the industry has changed from job quantity to job quality. And while federal incentives matter, local factors are more important.

Kamala Harris and Donald Trump are using dueling speeches this week to position themselves as the candidate of manufacturing, but both are promising to help in nearly opposite ways.

Donald Trump took his trade rhetoric to new heights in a series of events this week, doubling down on the possibility of 200% tariffs on Mexican autos and raising the possibility of targeting specific companies if they try to move their manufacturing outside of the US.

The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.

Accidents involving blades made by GE Vernova have delayed projects off the coasts of Massachusetts and England and could imperil climate goals.