Corporate stock buybacks on track for a fresh record in 2024
America’s biggest companies have continued buying back their own shares at a frenzied pace in 2024.
As of Wednesday morning, publicly traded U.S. companies have announced plans to buy back about $1.1 trillion worth of stock, according to data from EPFR.
That’s higher than the $943.4 billion announced through Oct.
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Read MoreChinese investments, rebukes for ‘preaching’ take center stage at contentious Casey v. McCormick rematch
Longtime Democratic Pennsylvania Sen. Bob Casey and Republican challenger Dave McCormick sparred over “lies” during their second debate on Tuesday, with McCormick saying he won’t “take any preaching” from his Democratic rival.
“I’m not going to take any preaching from a guy who spent 30 years in public office and hasn’t gotten much done.
Read MoreIRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans
The IRS recently issued Notice 2024-73, which provides much-needed guidance on long-term, part-time (“LTPT”) employees in ERISA-governed 403(b) retirement plans. Following passage of the SECURE 2.0 Act, an employee is generally considered a LTPT employee if he or she works at least 500 hours per year for two consecutive years.
Among other items,
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Read MoreWhy chocolate bars are about to get pricier before Christmas
Consumers will have to dig even deeper this Christmas as prices of chocolate, sugar and orange juice are set to rocket from a shortage of the commodities, dampening hopes of some much-needed reprieve at the checkout.
While food inflation has eased to 3.3 per cent of the consumer price index from a 2022 peak of close to 10 per cent,
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Read MoreWhy mortgage rates are going up despite the Fed's interest rate cut
Americans saw mortgage rates soar during the Federal Reserve’s aggressive campaign to fight inflation, leading many to hope for a reprieve after the central bank finally cut the federal funds rate last month for the first time in four years.
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Read MoreThe Burst
The Ivy
SOS: The Dark Side of Apple
Apple announced a series of new hardware products, including the iPhone 14, the AirPods Pro, and the Apple Watch Ultra, during the Apple 14 launch event. The company’s top brass revealed that they would be doubling down on a growing trend among technology companies: health and safety wearable items.
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