CW8888: Those days when Uncle8888 has just started working in 1977; many CEOs loved to quote GE as model to follow.
General Electric stock has fallen to single digits and its investment grade bonds trade like high-yield debt, as the market bets it will continue to deteriorate and could end up with a junk rating.
GE was a negative factor in the sell off in both the investment grade and high yield bond markets this week, but strategists say it has its own issues and is not a signal of broader trouble in the corporate debt market.
GE's new CEO said he will move quickly to raise cash and make asset sales.
"When the market begins to price you to junk status, you have a very limited time to clear that up before you become junk," said one strategist.
Jeff Bezos to employees: 'One day, Amazon will fail' but our job is to delay it as long as possible
Amazon CEO Jeff Bezos told employees, in response to a question at an all-hands meeting last week, that the company is not "too big to fail."
Bezos was asked a similar question at an internal meeting in March about Amazon's size and the potential for government regulation.
Bezos is addressing the concerns as Amazon prepares to expand into two new headquarters locations in New York and Virginia.
Best Holiday Programmes and Events for You and Your Kids (on a budget!) - Seedly is in no way sponsored to compile this list of holiday activities. In a blink of an eye, 2018 is almost coming to a close. It’s scary how fast time ...
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