Share Buybacks / Redemptions

Opinion: Why the Inflation Reduction Act is a very big deal for Americans

August 9, 2022 admin No Comments

NEW YORK—Senate Democrats’ compromise bill, the Inflation Reduction Act (IRA) of 2022, addresses not just inflation but also several key longstanding problems facing our economy and society. There is a simmering debate about the causes of today’s inflation; but regardless of what side one takes, this bill represents a step forward. For those worried about…

Investment

Zillow is almost done selling homes, but stock slumps as the hard part is still to come

August 4, 2022 admin No Comments

Zillow Group Inc. is almost done selling all the homes it bought in a flurry that led to a flameout of its iBuying business, but its plans for the future led to shares plunging in extended trading Thursday on a disappointing forecast. Zillow ZG, +0.21% Z, +0.59% on Thursday reported second-quarter earnings of $8 million,…

Investment

PayPal’s buyback history has been ‘very poor.’ Can a new CFO help change that?

August 4, 2022 admin No Comments

PayPal Holdings Inc. pleased investors when it announced a new $15 billion buyback authorization alongside a suite of other shareholder-friendly moves earlier this week. Now investors will have to hope that the company executes better with its new buyback plan than it has in the past. While the e-commerce giant has been repurchasing stock for…

Investment

JPMorgan and Morgan Stanley shares slide after earnings fall short of estimates

July 14, 2022 admin No Comments

JPMorgan Chase & Co. shares fell Thursday after the bank missed profit targets and temporarily suspended its stock buybacks to build up its balance sheet for an expected economic downturn, even as much of its business remains healthy. Morgan Stanley MS, -2.15% also failed to match analyst earnings estimates as the banks navigated a much…

Investment