U.S. stock indexes were set for a lower open on Friday, as steady yields for government bonds following an unexpected rebound in retail sales this week pointed to more movement out of heavyweight technology stocks. FAANG stocks, including Apple Inc. and Alphabet Inc., some of the largest tech names on Wall Street, fell slightly in…
Wall Street Set for Weak Open as Technology Shares Extend Losses
September 17, 2021
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World Shares Advance on Mixed Economic Data
September 17, 2021
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World shares were mostly higher on Friday as investors assessed a hodge-podge of economic data. Benchmarks rose in Frankfurt, Paris, Tokyo and Hong Kong but fell in Sydney. U.S. futures edged higher, while the yield on the 10-year Treasury note was steady at 1.33 percent. Oil prices retreated from their surge earlier in the week….
Microsoft to Buy Back up to $60 Billion in Shares; Names Brad Smith Vice Chair
Microsoft Corp. on Tuesday said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11 percent, and appoint company President Brad Smith as vice chair. Microsoft said the buyback program has no expiration date and may be terminated at any time, and that it would pay a dividend…
Apple Shares Recover Ground After Epic Ruling Slide
September 13, 2021
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Apple Inc’s shares inched higher on Monday after losing about $84 billion in market value in the previous session on the back of a U.S. judge’s mixed decision in the iPhone maker’s fight with “Fortnite” game maker Epic Games. Shares were up about 1 percent before the opening bell on Monday. They had closed down…
Asian Shares Stem Recent Losses, Attention on CenBank Tapering
HONG KONG—Asian shares rallied on Friday after two days of losses, but were still in a nervous mood as global investors grapple with how best to interpret central banks’ cautious moves to end stimulus, which also left currency markets quiet. MSCI’s broadest index of Asia-Pacific shares outside Japan, gained 0.47 percent in early trading, but…
Back-to-School May Lift US Retail Shares After Recent Lull
NEW YORK—Strong late-summer back-to-school sales could provide U.S. retailers some needed momentum after many sector shares lagged the broader market in recent months. The S&P 500 retailing index, which includes Amazon.com Inc, is up just about 2 percent for the quarter so far, compared with a 6 percent gain in the S&P 500. Some retailers,…
Robinhood Shares Surge 50 Perccent, as Investors Scoop up ‘The Meme of Memes’
Shares of Robinhood Markets Inc rose more than 50 percent on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week. The online brokerage’s shares closed at $70.39, off the session high of $85 when the stock was up nearly 82 percent, with one analyst dubbing…
Provention Bio Shares Tumble as US FDA Declines to Approve Diabetes Drug
The U.S. health regulator on Tuesday declined to approve Provention Bio Inc’s experimental diabetes drug, citing insufficient data, sending the company’s shares down about 28 percent. The Food and Drug Administration (FDA) said a study in healthy volunteers failed to show that the drug is comparable to its older version used in the clinical trials….
This Is Why Warren Buffett Will Not Leave His Entire Fortune to His Children
By Entrepreneur Staff It is well known that the fortune of Warren Buffett, one of the most recognized American investors, is valued at 100 billion dollars thanks to his company Berkshire Hathaway and his shares. However, this amount will not be passed on to his children when he passes away. His goal of giving away all his money…
Teleco Giant Telstra Announces Next Step in Restructuring Plan
Telstra is taking the next steps in its proposed corporate restructure with the telecommunications giant set to split into four branches under the new holding company, Telstra Group. The process is part of Telstra’s T22 strategy—a strategy started in 2018 to simplify operations and reduce costs by 2022. Telstra CEO Andrew Penn said in a market…
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