Meta Platforms Shares Surge on Cost Cuts, Stock Buyback
Business Shares of social-media company are on pace for largest percentage increase in nearly a decade
Share Buybacks/Redemptions
Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit – The Wall Street Journal
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit The Wall Street Journal Swimming in cash, Chevron plans a $75 billion slap in the face to drivers CNN What Chevron’s $75 billion stock buyback plan suggests CNBC Television Oil Majors Boost Buybacks as Russia, China Wildcards Weigh on Spending Plans Bloomberg Chevron Falls After Posting Disappointing Quarterly … Read more
Tesla Expands Gigafactory in Nevada, Stock Drops
Text size Tesla is expanding its footprint in Nevada, making more batteries and making its new semi-truck. Patrick T. Fallon/AFP via Getty Images Tesla had to cut prices recently to increase demand, but that isn’t stopping it from expanding its manufacturing capacity at its Gigafactory in Nevada. Investors should be pleased, although they might have … Read more
‘This is not QE or QT. This is none of those.’ Why the U.S. Treasury is exploring debt buybacks
The U.S. Treasury Department on Friday said it plans to start talking with primary dealers in late October about the potential for it to begin buying back some of its older debt to help stave off market dysfunction. The plan, if adopted, would mark a milestone in the roughly $22.6 trillion U.S. government debt market, … Read more
JPMorgan Chase Sees Economic Turmoil Brewing, but Few Signs of Recession So Far – The Wall Street Journal
JPMorgan Chase Sees Economic Turmoil Brewing, but Few Signs of Recession So Far The Wall Street Journal JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks CNBC Newedge’s Cameron Dawson breaks down JPMorgan’s earnings miss CNBC Television Jamie Dimon battens down the hatches for a recession CNN US Stocks Fall After Bank Reports Stoke … Read more
Nike’s quarterly profit beats Wall Street expectations, $18 billion buyback approved
Nike Inc. late Monday reported quarterly earnings above Wall Street expectations and said its board approved a new, $18 billion share buyback program, sending the apparel maker’s shares higher in the after-hours session. Nike NKE, -2.13% said it earned $1.4 billion, or 90 cents a share, in the fiscal fourth quarter, compared with $1.5 billion, … Read more
Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Friday. Also weighing in on the stress test, Morgan Stanley analyst Betsy Graseck cut her price targets for Bank of America Corp. … Read more
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers are standing pat, or even letting production decline, and instead are handing investors cash. Much of the U.S. shale industry recently reported higher profits than in the same quarter a year earlier, but companies aren’t … Read more
Apple Posted Another Great Quarter. The Next One Might Not Be As Good.
Apple managed to deliver another impressive earnings report. For the March quarter, the company beat expectations nearly across the board, with big beats for its iPhone, Mac, and iPad businesses. As expected, Apple (ticker: AAPL) also raised its dividend and announced an increased an expanded share repurchase program. Shares were initially…