Samsung Electronics Plans $7 Billion Share Buyback

The South Korean technology giant’s stock repurchase plan comes amid investor concerns over its flagship memory-chip business, which is missing out on the artificial intelligence boom.

Business - The Wall Street Journal - 7 hours ago

HSBC shares surge on another $3 billion buyback plan and earnings beat

HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.

Business - MarketWatch - October 29

Mean reversion: has AI abolished gravity for share prices?

Despite the Magnificent Seven, US stocks are predicted to be riding for a fall

World - Financial Times - 2 days ago

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.

Business - CNBC - October 29

Oil giant Shell posts $6 billion profit beat, launches new share buyback program

British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.

Business - CNBC - October 31

Samsung Electronics' chip profit shrinks 40% from the previous quarter

The semiconductor unit reported third-quarter operating profit of 3.86 trillion won (about $2.8 billion), down 40% from the previous quarter.

Business - CNBC - October 31

RWE Plans $1.6 Billion Buyback Due to Expected U.S., Europe Project Delays

The power utility said risks to offshore wind projects increased following the U.S. election as it warned of delays to its plans off the East Coast due to outstanding permits.

Business - The Wall Street Journal - 2 days ago

FirstFT: HSBC overhaul to divide businesses along east-west lines

Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity push

World - Financial Times - October 22

How Samsung fell behind in the AI boom leading to a $126 billion wipeout

Samsung Electronics has fallen behind long-time rival SK Hynix in the area of high-bandwith memory.

Business - CNBC - November 8

Chinese share buybacks hit record high as Beijing steps up support

Policymakers push companies to return cash to shareholders as they try to revive flagging stock market

Business - Financial Times - October 21

HSBC chief says east-west division will not lead to ‘any split’

Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting drive

Business - Financial Times - October 29

Snap shares jump 10% on profit beat, stock buyback

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

Business - CNBC - October 29

Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks

The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.

Business - CNBC - November 4

Motorists who bought cars on finance could share in billions

The car finance industry is setting aside billions to pay for potential claims after a test case.

Chevron beats earnings expectations, returns more than $7 billion to shareholders

Chevron's stock is largely flat for the year, underperforming the S&P 500 energy sector which has gained more than 6%.

Business - CNBC - November 1

Netflix rose 11% after third-quarter earnings beat

Netflix saw momentum in its ad-supported membership tier, which surged 35% quarter over quarter.

Business - CNBC - October 18

Intel shares jump 7% on earnings beat, uplifting guidance

Intel reported better-than-expected earnings following a quarter filled with challenges.

Business - CNBC - October 31

Amazon shares jump 6% after earnings beat

Amazon's latest upbeat results were driven by growth in cloud and digital advertising.

Business - CNBC - November 1

Boeing Has a $15 Billion Plan to Weather Company Turbulence

The planemaker wants to sell shares and a convertible bond to shore up its shaky finances.

Business - Inc. - October 17

Trump's plan to deport millions of immigrants would cost billions

Former President Donald Trump is doubling down on his promise to carry out the largest mass deportation effort in American history.

Medicare Advantage plans get billions for dubious diagnoses: Report

Medicare Advantage plans run by private insurers are reaping billions by making home visits for senior citizens.

Trump mass deportation plan could cost billions a year

Immigration experts say Donald Trump's mass deportation plan, if carried out, could be complicated and cost billions a year. It could also lead to more family separations.

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