. Their core argument is that the benefits of companies buying their own shares disproportionately go to shareholders instead of workers.of 2017, which gave corporations a windfall of cash that enabled then to buy their own shares in record fashion last year. S&P Dow Jones Indices says companies spent $806 billion on buybacks in 2018., still has many proponents on Wall Street.
When companies buy their own shares, they reduce the count of shares outstanding and thereby boost the profits that accrue to each one.
Source: News Formal (newsformal.com)
Bernie means well, but it’s not a good idea 💡
If Goldman Sachs is against it then its probably good for the American people.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
KKR plays weaker cards well Down UnderThe stakes got high in its $1.4 bln buyout of Australian software developer MYOB after a U.S. hedge fund pressed for a better price. It made a reasonable case holding a potential blocking stake, but KKR stood pat and the pushy investor folded. Seasoned gamblers are hard to bluff.
Source: Breakingviews - 🏆 470. / 51 Read more »
First quarter earnings are expected to be lousy, but the stock market may not careThe worst earnings season in three years is about to begin, but stock strategists say the market should be able to ignore weaker profits and continue to edge toward all-time highs. Earnings don’t matter unless they are collapsing. The Fed matters more. 999 baby! Glass half empty. Classic spin LOL... What a joke this is You people keep trying to fool the market... It will not last
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Auto Sales Stumbled in First QuarterMajor auto makers posted declines in U.S. sales for the first quarter, adding pressure on car companies already grappling with weaker conditions in important markets globally. Car makers don't get that a lot of us consumers will trade the bells & whistle's for a lower priced vehicle.
Source: WSJ - 🏆 98. / 63 Read more »
Dow snaps 3-day winning streak as Walgreens falls on earningsIt was a mixed day for markets as the Dow fell for the first time in 4 days and the S&P 500 closed just above the flatline. A sharp decline in Walgreens Boots Alliance kept the market in check after the company reported weaker-than-expected earnings.
Source: CNBC - 🏆 12. / 72 Read more »
LVMH sales fizz is sign of strong getting strongerLike-for-like sales at the 165 bln euro luxury giant grew a chunky 11 pct in the first quarter. The “buoyant” performance defies both slowing global economic expansion and trade tensions. It’s a good omen for other fashion conglomerates, but not for weaker single-brand rivals.
Source: Breakingviews - 🏆 470. / 51 Read more »
Two big clouds eclipse Samsung’s silver liningSouth Korea's $270 bln chipmaker already flagged a dismal first quarter because of a glut. Fewer competitors mean supply cuts could more readily lift prices. But Samsung investors may be underestimating the risks of both stockpiled inventory and weaker demand from new industries.
Source: Breakingviews - 🏆 470. / 51 Read more »
Walgreens cuts 2019 profit forecast, hit by lower drug pricesWalgreens Boots Alliance Inc shares fell 13 percent on Tuesday after the company... won't someone think of the poor stock prices Wah Excelente news!!
Source: Reuters - 🏆 2. / 97 Read more »
LG Elec sees lower profit as mobile business stays in red, shares slipLG Electronics Inc's operating profit likely fell by a smaller-than-expecte... :(((((((((((( The future of OLED TVs for large TVs is not so bad as it has good prospects.
Source: Reuters - 🏆 2. / 97 Read more »
Pinterest Is Taking Its IPO on the Road — With a Lower ValuationPinterest set the price range for stock to be sold in its initial public offering at a level below that in its most recent valuation, as the company begins a roadshow to win over investors ahead of its expected debut. Pinterest IPO vs GE devolution. The juxtaposition is too easy. A twenty or 30 year trend continues. Three dimensional working things vs electron/photon virtual world of infotainment.
Source: MarketWatch - 🏆 3. / 97 Read more »