Stock buybacks soar as holiday rally breaks records
Buyback plans surge to a fresh record as stock market heads for biggest two-year gain in a quarter-century
Buyback plans surge to a fresh record as stock market heads for biggest two-year gain in a quarter-century
Canadian Solar Inc. (NASDAQ:CSIQ) shares are trading lower after the company reported third-quarter 2024 results below street expectations. The company reported an 18% year-over-year revenue decline to $1.51 billion, missing the consensus estimate of $1.71 billion. The decline reflects lower module ASPs and reduced project sales, partially offset by increased sales of battery energy storage solutions and higher solar module shipment volumes. The gross margin declined 20% YoY to $247.44 million a
(Bloomberg) -- European stocks gained for a sixth straight session in the longest winning streak since May, as investors weighed the latest developments in turbulent French politics. Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Stoxx Europe 600 Index was up 0.4% b
The cybersecurity stock could soon add to its 37.4% year-to-date gain
The retailer's core consumer is financially constrained, CEO Todd Vasos said.
LONDON (Reuters) -The risk premium on French bonds dropped and bank stocks rallied on Thursday after a widely expected no-confidence vote toppled Prime Minister Michel Barnier's government, with focus turning to what a new government might look like. Barnier resigned and President Emmanuel Macron is hunting for a new prime minister, a day after opposition to Barnier's 60-billion euro ($63 billion) belt-tightening effort led far-right and leftist lawmakers to vote his government out.
The air logistics sector has been riding high all year, but market watchers caution that growth in 2025 could slow sharply. The post Analysts predict air cargo bull market will cool 50% in 2025 appeared first on FreightWaves.
Shares of American Airlines soared 15% Thursday after it announced it had signed a new, exclusive credit card partnership with Citi, which will be taking over Barclays' share of the portfolio.
Brown Forman Inc. (NYSE: BF-B) (NYSE: BF-A) shares are trading higher on Thursday after the company reported better-than-expected second-quarter financial results. The company reported second-quarter earnings per share of 55 cents, beating the street view of 51 cents. Quarterly sales of $1.095 billion (down 1% year-over-year) beat the analyst consensus estimate of $1.076 billion. Sales rose 3% on an organic basis. Net sales declines in the year’s first half were primarily due to the Finlandia an
On Thursday, Southwest Airlines Company (NYSE:LUV) shares traded higher after the company announced it will launch a $750 million stock buyback program in the first quarter of 2025. The move follows the $250 million accelerated share repurchase launched in October 2024. After this, $1.5 billion will remain under its $2.5 billion repurchase program, authorized in September 2024. Outlook: The company revised its fourth-quarter guidance, now expecting RASM to increase by 5.5% to 7.0% (vs. 3.5%- 5.5