CNN (April 2)
“GE once did almost everything for the typical American family…. No longer. With Tuesday’s split into two companies, the break up of the once mighty industrial icon is complete.” Founded in 1892 by Thomas Edison, GE was “built into the world’s largest and most valuable company by the once legendary, but now oft-criticized CEO Jack Welch” before floundering during the 21st century.
Tags: 1892, Break-up, CEO, Criticized, Edison, Floundering, GE, Industrial, Largest, Legendary, Most valuable, Split, U.S., Welch
Insider (August 2)
“Fitch shocked the markets when it cut the US government’s credit score Tuesday at a time when the economy appears to be in a stable state.” The downgrade from AAA to AA+ has been widely criticized, “from top Biden administration officials to Wall Street,” with “market thinkers” labelling it “bizarre,” “puzzling,” “unwarranted,” “strange” “inept” and “ridiculous.”
Tags: AA+, AAA, Bizarre, Credit score, Criticized, Downgrade, Economy, Fitch, Inept, Markets, Puzzling, Shocked, Stable, Strange, U.S. Government, Unwarranted, Wall Street
