U.S. buyback announcements slow, but on track for $1 trillion: TrimTabs
U.S. companies’ taste for their own shares is set to push buybacks past the $1 trillion-a-year mark for the first time as soon as November, TrimTabs Investment Research said, even as its latest data showed the pace of new repurchase announcements slowi…
American Airlines cuts second U.S.-China flight; cites fuel, competition
American Airlines is cutting a route from Chicago to Shanghai, cancelling the second direct flight from the U.S. city to China in four months, the carrier said on Tuesday, citing higher fuel costs and a “competitive environment.”
JPMorgan undercuts discount brokerages on trades
JPMorgan Chase & Co, in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week.
British outsourcer Capita poaches Go-Ahead CFO: Sky News
British outsourcing company Capita has poached the finance chief of bus and train company Go-Ahead Group to become its new CFO, Sky News reported on Tuesday.
Instant View: S&P 500 trades above January high, sets record
The S&P 500 stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it just above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the past month.
S&P 500 sets record high, dollar slips after Trump attacks Fed
Global equity markets rose on Tuesday, with the S&P 500 setting a record high, fueled by strong earnings and economic growth, while the dollar weakened after U.S. President Donald Trump slammed the Federal Reserve for raising interest rates.
Facebook moves to rate users on trustworthiness: report
Facebook Inc has started scoring its users based on their trustworthiness in an attempt to fight misinformation, the Washington Post reported on Tuesday, citing a company executive.
Morgan Stanley halts research coverage of Tesla, shares rise
Brokerage Morgan Stanley has suspended equity coverage on Tesla Inc , hinting that the U.S. bank may be doing business directly with the company as it explores options to go private, pushing the electric carmaker’s shares up as much as 5 percent on Tu…
Italy’s state lender could take control of Autostrade: sources
Italian state lender Cassa Depositi e Prestiti (CDP) may buy a controlling stake in Autostrade per l’Italia after the collapse last week of a bridge managed by the motorway operator, two sources told Reuters, but the economy ministry denied knowledge o…
S&P hits record high, equals longest-ever bull run
The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute.
