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GM plans to buy back $5 billion worth of its own stock. Why do critics love to hate this corporate maneuver?
Stock buybacks are typically meant to return value to shareholders. But critics say the cash could be used to create jobs or raise workers’ pay.
The Federal Reserve’s quarterly snapshot of household net worth comes out this week.
A gray market in stock symbols is emerging on Wall Street, and some fetch six figures. Bloomberg’s Katie Greifeld tried to buy MEME.
A New Jersey deli that reached a market capitalization of more than $100 million on an over-the-counter exchange raised many eyebrows.
“It’s hard to see how electing any president makes a difference to people’s long-term portfolios,” says Barry Ritholtz.
The president appeared to backtrack on his earlier decision to halt talks with Democrats over a new stimulus package.
Investors will see more shares, but at a lower price.
The S&P 500 was up 2.2% after the government said that U.S. employers added 2.5 million workers to their payrolls last month.
While the U.S. waits on word of rate cuts, the global economy is seeing negative interest rates.