(Bloomberg) — Heavy redemptions by China’s retail investors are prompting the nation’s financial product managers to slash their bond holdings like never before. Some analysts say that the debt ...
Tag: Redemptions
Starwood REIT, Like BREIT, Limits Investor Redemptions From Real Estate Fund
Another big nontraded real estate fund is limiting investor redemptions. Starwood Real Estate Income Trust, a nontraded real estate investment trust, is curbing redemptions after investor withd...
Second-Largest U.S. Pension Buys Up Rivian, Snowflake, Airbnb, and Noble Stock
America’s second-largest public pension by assets recently increased its investments in some of the market’s more volatile stocks. The California State Teachers’ Retirement System doubled its stakes i...
Gemini is working with Genesis and DCG on solution for Earn redemptions
Gemini said it is working with Genesis and Digital Currency Group in an effort to find a solution that will allow users to redeem their funds from the crypto exchange’s Earn product. Gemin...
Genesis Sought $1B Loan Before Halting Redemptions
Key Takeaways Genesis reportedly sought a $1 billion emergency loan before it suspended withdrawals this week. The Wall Street Journal obtained an internal document to that effect and reported the new...
Genesis Global Capital suspends redemptions, with impact spreading to Gemini
Genesis Global Capital, the lending business of Genesis Trading, temporarily suspended redemptions and new loan originations in the wake of FTX’s recent collapse and the earlier Three Arrows Cap...
Gemini Earn unable to meet customer redemptions as Genesis unit pauses withdrawals
Crypto exchange Gemini said its Earn program “will not be able to meet customer redemptions within the service-level agreement of five business days” following the announcement that lendin...
Berkshire Hathaway’s Earnings Are Saturday. Here’s What to Watch.
When Berkshire Hathaway reports its third-quarter earnings on Saturday, investors won’t be spending a lot of time looking at the bottom line. The conglomerate’s stock buybacks, equity purchases, and l...
Lockheed’s Stock Has Soared. One Director Scooped Up More Shares.
Lockheed Martin stock has trounced the market this year, and director John Donovan just bought some more shares of the aerospace and defense giant. Lockheed (ticker: LMT) stock sports a 36% year-to-da...
Apple’s Stock Buyback Pace Hits Record $25.2 Billion
Text size Apple has been astonishingly aggressive in buying back its own stock. Getty Images Almost five year ago, Apple Chief Financial Officer Luca Maestri said on an earnings conference call that t...
Elon Musk teases massive Tesla stock buyback as CFO trims forecast for annual deliveries and stock falls
Tesla Inc. Chief Executive Elon Musk suggested the electric-vehicle maker could repurchase up to $10 billion worth of its stock Wednesday, as shares declined following a third-quarter revenue miss and...
Kroger Pauses Buybacks to Prioritize Debt Reduction After Albertsons Deal Closes
Grocery giant Kroger Co. is pausing share buybacks ahead of its planned acquisition of rival Albertsons Cos. Inc., aiming to use the additional cash to reduce its debt as it closes one of the biggest ...
‘This is not QE or QT. This is none of those.’ Why the U.S. Treasury is exploring debt buybacks
The U.S. Treasury Department on Friday said it plans to start talking with primary dealers in late October about the potential for it to begin buying back some of its older debt to help stave off mark...
Tesla Stock Is Too Cheap. It Should Start Buying Back Its Own Shares.
Future Fund Active ETF co-founder Gary Black sent a letter to Tesla board of directors with a recommendation on how to spend some of the company’s growing cash hoard. He wants them to buy back Tesla (...
5 Energy Companies That Could Lift Shareholder Payouts
Text size Shell has a dividend yield is 3.6% today and could raise it, says Cowen analyst Jason Gabelman. John Thys/AFP via Getty Images Several big energy companies could announce larger returns to s...
T-Mobile Stock Buyback Is Here. There’s More Where That Came From.
Text size T-Mobile management has said the company could direct some $60 billion toward share repurchases between 2023 and 2025. David Paul Morris/Bloomberg T-Mobile US announced a $14 billion share r...
Asana stock rallies more than 10% after beat-and-raise quarter
Asana Inc. shares rallied in the extended session Wednesday after the collaboration-software company raised its outlook for the year, following results that topped Wall Street expectations, and disclo...
Palo Alto Networks Stock Soars on Strong Earnings and Three-for-One Stock Split
Text size Palo Alto Networks has followed other high-profile tech companies in splitting its stock. David Paul Morris/Bloomberg Demonstrating the continued strong demand for cybersecurity software, Pa...
Airlines pushed by labor unions to spend money on hiring rather than on stock buybacks
DALLAS (AP) — Labor unions are pressuring U.S. airlines not to buy back their own stock but instead spend the money on hiring more workers and fixing problems that caused widespread flight delays and ...
Stock-buyback tax to be signed into law under Democrats’ climate change and health care bill
WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corpo...
Berkshire Hathaway Bought Apple, Chevron Stock, Sold GM, Verizon
Text size Warren Buffett’s Berkshire Hathaway made modest stock purchases in the second quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway added to its stakes in Apple , C...
Corporate Tax Hikes Are Coming. What It Means for Investors.
Illustration by Elias Stein Text size Washington is about to ratchet up the tax burden on companies, but the stock market doesn’t seem concerned. The Inflation Reduction Act, which was approved by Con...
An investor’s guide to the Inflation Reduction Act — and what the bill means for your portfolio
If investors thought they were finding their footing in a volatile stock market, a new tax, climate and healthcare spending bill from Capitol Hill might have them trying again to regain their stabilit...
Pfizer, Moderna Take Different Paths as Vaccine Boom Ends
Pfizer is trying to add $25 billion to its 2030 revenue through acquisitions. Dan Kitwood – WPA Pool/Getty Images Text size Pfizer ’s $5.4 billion deal to acquire the biotech Global Blood Therap...
Opinion: Why the Inflation Reduction Act is a very big deal for Americans
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 ...
5 Things to Watch in the Inflation Reduction Act of 2022
Text size Democrat and Senate Majority Leader Chuck Schumer. Drew Angerer/Getty Images Senate Democrats are getting closer to passing the Inflation Reduction Act of 2022. The Senate was set to vote o...
Berkshire Hathaway Beats Estimates for Second-Quarter Profits
Text size Berkshire Hathaway CEO Warren Buffett added slightly to stakes in Apple and Chevron. Andrew Harrer/Bloomberg Berkshire Hathaway ’s operating profits rose 39% in the second quarter, topping e...
What a Buyback Tax Means for Apple, Meta, and Microsoft
Text size Arizona Democratic Sen. Kyrsten Sinema Drew Angerer/Getty Images Democratic party leaders struck a deal with moderate holdout vote Sen. Kyrsten Sinema, moving their climate and healthcare bi...
New Buyback Tax Will Force Companies to Think Twice on How to Use Cash
In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropp...
Zillow is almost done selling homes, but stock slumps as the hard part is still to come
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 Thu...
Airbnb stock falls sharply despite earnings beat, plan to repurchase $2 billion in stock
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $2 billion of its stock. “Our Q2 result...
Broadcom refuses to provide full-year outlook, cites limited visibility as it ‘scrubs’ backlog
Broadcom Inc. late Thursday gave Wall Street analysts quarterly earnings and an outlook that topped consensus estimates, hiked its dividend and recommitted to share buybacks, yet analysts kept asking ...