What is a proposed 2% excise tax on corporate share buybacks when U.S. companies are still sitting on trillions' of dollars in cash since the onset of the...
Flush with trillions of dollars in cash, U.S. companies are on pace this year to pencil in another milestone: $1 trillion worth of corporate stock buybacks.
“The next few weeks will tell us a lot,” Chua said in a phone interview, of the continuing third-quarter earnings season. This Wells Fargo chart for the S&P 500 index SPX, -0.11% shows the value of buybacks outpacing dividends over the past 20 years, but also points to the near $1.4 billion record free cash flow of companies in the benchmark.
Share repurchases also have been criticized as a form of financial engineering that can artificially inflate stocks, particularly since U.S. corporations recently have become mega buyers of U.S. stocks.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Latina Equal Pay Day 2021: Latinas Lose More Than $1 Million In A LifetimeA Latina would need to work until she is nearly 90 years old just to make the same amount that a white man earned by age 60. Here is how the wage gap has impacted Latinas during the pandemic and beyond—and why it’s not a personal issue, but a national problem.
Read more »
Australian authorities offer A$1 million reward for missing 4-year-old Cleo SmithThe Western Australian government has offered a 1 million Australian dollar ($750,000) reward for information that leads to the whereabouts of a 4-year-old girl missing for six days in a remote coastal area.
Read more »
Spotify Partners With Ali Tamposi and Tamar Kaprelian to Launch Song StartSong Start is Spotify for Artists' new music education platform, featuring videos, podcasts and written content about the ins and outs of songwriting.
Read more »
Latina Equal Pay Day 2021: Latinas Lose More Than $1 Million In A LifetimeA Latina would need to work until she is nearly 90 years old just to make the same amount that a white man earned by age 60. Here is how the wage gap has impacted Latinas during the pandemic and beyond—and why it’s not a personal issue, but a national problem.
Read more »
White House mulls Plan B, with new taxes for billionaires, stock buybacks: reportFacing opposition to corporate tax hikes, the Biden administration is reportedly seeking alternatives to how to pay for its multi-trillion-dollar spending plans.
Read more »
US budget deficit hits $2.77 trillion in 2021, 2nd highestWASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic.
Read more »