GE Earnings Beat Expectations. Why the Stock Dropped.

font size GE’s free cash flow guidance looks strong, while its earnings forecast look light. Sebastien Buzon/AFP via Getty Images General Electric Shares fell after the company reported better-than-expected fourth-quarter earnings and cash flow, while sales missed expectations. The administration’s financial guidance for 2022 has been mixed. GE (Ticker: GE) stock is down 6% on … Read more

Student-Loan Processor Navient to Cancel $1.7 Billion of Debts

A former unit of student loan giant Sallie Mae said it would cancel $1.7 billion in private student debt for 66,000 borrowers to settle claims it engaged in deceptive lending practices. Navient corp. Navi 0.37% He agreed to the amount in a settlement with 40 state attorneys general. The loans are private loans, so losses … Read more