Tech industry
fromtheregister
1 day agoIntuit axes 3,000 - without blaming AI
Intuit cut full-time workforce by 17% and plans office closures to become faster, leaner, and more focused, reducing management layers and coordination-heavy roles.
#stock-buybacks
#stock-buybacks
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#defense-contractors #executive-order #income-inequality #nvidia #defense-industry #executive-compensation
#nvidia
Silicon Valley
fromFortune
1 day agoNvidia Q1 earnings: Chipmaker beats on earnings and boosts dividend, but forecasts disappoint | Fortune
Nvidia forecast $91 billion in sales for the quarter ending in July, prompting tepid investor reaction despite surging data center revenue and major dividend and buyback increases.
Silicon Valley
fromFortune
1 day agoNvidia Q1 earnings: Chipmaker beats on earnings and boosts dividend, but forecasts disappoint | Fortune
Nvidia forecast $91 billion in sales for the quarter ending in July, prompting tepid investor reaction despite surging data center revenue and major dividend and buyback increases.
Tech industry
fromThe Motley Fool
1 week agoAlphabet and Meta Delivered Worrisome News for Investors -- and It Has Trillion-Dollar Implications | The Motley Fool
Alphabet and Meta are making very large AI capital expenditures, driving early revenue and advertising gains despite potential reductions in share buybacks.
Business
from24/7 Wall St.
2 weeks agoWall Street Splits on Uber: Goldman Sachs Cuts Price Target While Piper Sandler Hikes
Goldman Sachs lowered Uber's price target to $115 while Piper Sandler raised it to $105 following Q1 2026 earnings, reflecting differing modeling assumptions despite both maintaining bullish ratings.
World news
fromLondon Business News | Londonlovesbusiness.com
2 months agoOil on the rise despite Iran progress and potential OPEC production hike - London Business News | Londonlovesbusiness.com
European markets gain ground amid US tech losses and record €85.7 billion stock buybacks, while tech sector volatility and geopolitical tensions shape trading dynamics.
US politics
fromwww.housingwire.com
4 months agoStock buybacks become housing policy's latest pressure point
Public homebuilders face constrained margins and rising incentives, leading to buybacks being criticized despite fragile economics and potential leverage from government-backed mortgage liquidity.
US politics
fromFortune
4 months agoDefense companies like RTX and Anduril are feeling the heat on pay and stock buybacks after Trump's executive order | Fortune
The president ordered large defense contractors to halt stock buybacks and dividends and cap executive pay until delivering superior products on time and on budget.
fromBreaking Defense
4 months agoReed: Congress 'would have to' codify Trump's defense industry stock buyback mandates - Breaking Defense
"Frankly, if Congress doesn't codify it, they'll go into court. My sense [is] it's really difficult to justify tax changes because the president wanted to change them,"
US politics
US politics
fromBusiness Insider
4 months agoTrump threatens Raytheon's business with the US government
President Donald Trump accused Raytheon of being unresponsive to Pentagon needs and prioritizing shareholder payouts, and pushed limits on buybacks, dividends, and executive pay across the defense industry.
from24/7 Wall St.
6 months agoSnap Just Announced a $500 Million Stock Buyback
Shares of Snap (NYSE: SNAP) are up just over 15%, or $1.13 a share. All after the company reported strong revenue that was above expectations, it said it would buy back $500 million worth of stock, and noted that Perplexity AI will pay it $400 million to integrate its AI search features into Snap. Revenue of $1.51 billion was above estimates of $1.49 billion. Global daily active users jumped to 477 million, as compared to estimates of 476 million.
Business
US politics
fromFast Company
7 months agoThe biggest U.S. companies on the S&P 500 spent more than $1 trillion on stock buybacks and dividends in 2024
Major U.S. corporations prioritized over $1.6 trillion in 2024 for buybacks and dividends, outpacing taxes and diverting funds from wages and sustainable investments.
fromTruthout
8 months agoAs CEO Compensation Soars, Everyone Else Gets Left Behind
Starbucks is the worst offender, but jaw-dropping gaps are the norm among America's leading low-wage corporations. CEOs of the 100 S&P 500 firms with the lowest median wages - a group I call the "Low-Wage 100" - have enjoyed skyrocketing pay over the past six years. As a group, these CEOs now earn 632 times more than their median employees, I found in a new report for the Institute for Policy Studies.
Business
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