Growing concerns for a global recession, and a surprise profit warning from FedEx, put stocks firmly in the red Friday.

GE CFO Carolina Dybeck Happe cautioned late Thursday that supply chain disruptions could trim the industrial group's cashflow forecasts.

Stock futures slump on recession worries; Consumer sentiment data in focus amid sticky inflation; FedEx shares plunge after pulling profit forecast; General Electric slumps on supply chain, cash flow caution and Uber skids after confirming cybersecurity breach.

The industrial group has just taken a stake in an EV startup.

There's simply no stopping the energy transition and these companies are poised to benefit from this once-in-a-generation shift.

CNBC's long-serving chairman, Mark Hoffman, is set to leave the company next month.

"While we recognize macro crosscurrents are clouding the global economic growth outlook, we remain confident in our demand outlook for the back half of the year," said CEO Darius Adamczyk.

"We made important progress across key programs in the second quarter and are building momentum in our turnaround," said CEO Dave Calhoun.

GE stock is rallying for an eighth session. How long can it continue to gain?

The 14-week decline in gasoline prices ended while two million people in Florida are still without power.

A new EV would radically change how cars are made and that could be a threat to the market leader.

Soaring mortgage rates and elevated home prices have deterred buyers, forcing sellers to lower their expectations.