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Tag: buyback

China's JD.com announces $5 billion share buyback plan – Yahoo Finance

(Reuters) – Chinese e-commerce giant JD.com said on Tuesday its board of directors has approved a $5 billion share buyback program that will start in September and allow the company to buy back its own shares over the next 36 months. The company's U.S.-listed shares rose 5.1% in premarket trading. JD.com, which last week beat […]

‘No Evidence’ That Gun Buyback Programs Reduce Gun Violence, New Economic Study Finds

Estimated Reading Time: 4 minutes The latest research dovetails with previous studies that found gun buyback programs were ineffective but popular with the public Shortly before Christmas in 2018, a woman named Darlene voluntarily turned in a 9mm pistol to the Baltimore Police Department. It was just one of about 500 firearms the department collected […]

GM approves new $6B stock buyback on strong demand for gas-powered vehicles

Sen. Kevin Cramer, R-D., was responding to Transportation Secretary Pete Buttigieg’s defense of the production of electric vehicle chargers to Kudlow. General Motors Co said on Tuesday its board of directors has authorized a new share repurchase program to buy back up to $6 billion of the company’s common stock, a month after the company’s […]

Apple’s monster buyback, jobs surprise puts Fed on notice and Kentucky Derby fever

Michael Lee, founder of Michael Lee Strategy, discusses the April jobs report, Apple stock performance, and how his stock picks are impacting the market. -Employment statistics were unexpectedly weak Fed Chairman Jerome Powell may take a break -Apple announces record share buyback, criticizes opponents -Anti-Israel protests continue for another week on campuses across the US […]

Apple stock rallies after record-setting $110B stock buyback

Apple shares rose in premarket trading after the iPhone maker announced a record share buyback program after second-quarter profits beat Wall Street expectations. Apple announced Thursday that its board of directors has approved a $110 billion stock buyback. This is a 22% increase over last year’s $90 billion approval. bloomberg Previously reported. The move is […]

Shell unveils new $3.5bn share buy-back after higher profits than expected | Shell

Shell plans to shower shareholders with a further $3.5 billion (£2.8 billion) in share buybacks in the next quarter after reporting a better-than-expected profit of almost $8 billion in the first three months of this year. The company reported first-quarter adjusted profit of $7.7 billion, lower than the $9.6 billion reported in the year-ago period […]

Biden administration cancels buyback of 3 million barrels to replenish oil stockpile

The Biden administration has canceled two oil purchase plans to replenish the Strategic Petroleum Reserve (SPR), the Department of Energy confirmed Wednesday. The planned purchases were to secure 3 million barrels later this year as part of a broader goal to fully replenish SPR by the end of the year. The Department of Energy previously […]

JD Earnings: JD.com Soars 11% on Q4 Momentum, $3B Buyback – TipRanks.com – TipRanks

JD.com (NASDAQ:JD) (Hong Kong:9618Shares soared nearly 11% in early trading today after the Chinese tech giant announced strong fourth-quarter numbers and a $3 billion stock buyback program. Revenue for the quarter was $43.1 billion, an increase of 3.6% from the same period last year. This figure was about $1.5 billion higher than expected. Similarly, earnings […]