Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to shareholders hit a record $1.66 … Read more

ORCL, KSS, COIN, LUV and more

ORCL, KSS, COIN, LUV and more

Check out the companies making headlines in premarket trading. Oracle — The information technology stock climbed 13.3% on the back of strong per-share earnings. Oracle posted adjusted earnings per share of $1.41, topping the $1.38 … Read more

CVNA, GPS, LLY, UBS and more

CVNA, GPS, LLY, UBS and more

Check out the companies making headlines before the bell. Carvana — Shares gained more than 5% after RBC upgraded the stock to sector perform from underperform. The firm cited a reasonable valuation and a favorable … Read more

President Biden wants higher taxes on Corporate America’s stock buybacks

President Biden wants higher taxes on Corporate America's stock buybacks

Corporate America is flush with cash and buying back a near record amount of stock this year. President Biden wants to increase the taxes on those buybacks. Biden will reportedly propose in his State of the … Read more