GE lifts 2023 guidance on earnings beat, aviation success

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General Electric (GE) reported strong third-quarter earnings and lifted its 2023 outlook, driven by performance in its aviation and energy divisions. GE...

) reported strong third-quarter earnings and lifted its 2023 outlook, driven by performance in its aviation and energy divisions. GE plans to spin-off these businesses into separate entities in the second quarter of 2024, with CEO Larry Culp Jr. citing “rapid growth” amid high demand.

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Home buyers are backing out of deals at the highest rate in a year as surging mortgage rates slam the housing market

 

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