Samsung shares climb more than 7% after surprise $7 billion buyback plan

The company last bought back shares in November 2017.

Business - CNBC - 8 hours ago

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 - 2 days ago

Samsung shares rise on ‘desperate’ buyback plan

First repurchases in seven years are aimed at boosting stock and may help avoid margin call for founding family

World - Financial Times - 6 hours ago

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

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

EBay’s sales outlook comes in weaker, and stock falls more than 7%

EBay’s slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.

Business - MarketWatch - 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

Rocket Lab stock climbs more than 6% after KeyBanc raises price target

Shares of Rocket Lab USA Inc. are up 6.1% Thursday after KeyBanc Capital Markets raised its price target for the space-launch company.

Business - MarketWatch - October 24

Hyundai Motor India's shares drop 7% on trading debut after record IPO

Hyundai Motor India shares fell 7% on their trading debut Tuesday after a record $3.3 billion initial public offering.

Business - CNBC - October 22

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

Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop

Coinbase's success in helping its candidates win their elections on Tuesday sent the company's stock price soaring, lifting CEO Brian Armstrong's net worth.

Business - CNBC - November 6

Green levies on UK electricity bills set to climb by more than a fifth

Increase driven by rising costs of keeping power stations on stand-by for when renewables produce less

Business - Financial Times - November 1

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 - 5 days ago

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

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

7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain

Starbucks is planning to bring back Sharpies and ceramic mugs and cut back its menu.

Business - CNBC - October 31

7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain

Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday.

Gators plan to redshirt 7-foot-9 freshman Rioux

Florida coach Todd Golden said Thursday that Olivier Rioux, a 7-foot-9 freshman who owns a spot in the Guinness record book, is planning to redshirt.

Sports - ESPN - 2 days ago

Couche-Tard Targets More Fresh Food In 7-Eleven Pursuit

The owner of Circle K convenience stores wants to cook up more fresh food sales, and it’s willing to spend $47 billion to do it.

Business - The Wall Street Journal - November 4

Marqeta shares plunge more than 30% on big forecast miss

Marqeta shares plummeted after the company's forecast for the fourth quarter fell shy of analysts' expectations.

Business - CNBC - November 4

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

Bill Gates is surprised more people don't ask him these 'boring' questions: They're 'more important than the GDP'

Bill Gates fields a lot of questions about AI and climate change. He's surprised more people don't ask him about topics like global health, he says.

Business - CNBC - November 2

Shake Shack CEO talks expansion goals as shares climb after earnings beat: 'Now's our opportunity'

Lynch said many eat at Shake Shack when they are on vacation, adding that the chain has outposts in high-traffic airports JFK, LaGuardia and Newark.

Business - CNBC - October 30

10-year Treasury yield ends lower after strong auction as investors await election results

Long-dated Treasury yields erased their rise to end lower Tuesday following an auction of 10-year notes that met solid demand as investors awaited the outcome of the U.S. presidential election.

Business - MarketWatch - November 5

MicroStrategy, the largest corporate bitcoin holder, to raise more than $40 billion to buy more bitcoin

The plan is to use the additional capital ‘to buy more bitcoin as a treasury reserve asset,’ the company says.

Business - MarketWatch - October 31

2024 Week 7 NFL score predictions, odds, picks: Expert gives exact scores for all 14 remaining games

SportsLine expert Eric Cohen reveals his score predictions for all 15 games in Week 7 of the NFL season

Sports - CBS Sports - October 20

‘DJT’ shares see sharpest decline in nearly 7 months with election days away

Shares of Trump Media & Technology Group fell more than 22% Wednesday.

Business - MarketWatch - October 30

7 Dead After Georgia Ferry Dock Collapses on Sapelo Island

Overall, 20 people were forced into the water on Saturday by the accident on Sapelo Island, the site of a festival celebrating the heritage of descendants of enslaved people.

Top stories - The New York Times - October 20

7 dead, 6 critically injured after gangway collapses in Georgia

Seven people are dead and six others were critically injured after a gangway that's part of a ferry dock collapsed on Georgia’s Sapelo Island on Saturday. At least 20 people went into the water ...

NFL Power Rankings: Where does everyone stand after Week 7?

Mike Tomlin made a gutsy call to switch to Russell Wilson. It worked against a Jets team that is flailing because of the "media." Here's the league landscape.

Sports - Yahoo Sports - October 22

Woman rescued after 7-hour ordeal wedged between boulders

Australian rescuers had to use specialist equipment to free a woman who fell down a crevice and got wedged upside down between two massive boulders.

Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand

Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first ...

Business - MarketWatch - October 30

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