Chevron (NYSE: CVX) reported its fourth-quarter and full-year 2023 results on Feb. 2, and the stock popped 2.9% in response. It was a monster year for the oil major: It notched $11.36 in diluted earnings per share (EPS) — its second-best result of the last decade, behind only 2022. But there are more reasons than […]
(Bloomberg) — Alibaba Group Holding Ltd. unveiled a $25 billion addition to its stock repurchase program as it reported disappointing revenue, reflecting how rivals such as PDD Holdings Inc. are eroding its dominance in China. Most Read from Bloomberg The Hangzhou-based group, which intends to carve out its major business lines into independent units, posted […]
GENEVA (AP) — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. The Zurich-based lender reported losses before tax of $751 million in the quarter, which included losses of more than a half-billion dollars […]
(Bloomberg) — Stocks started 2024 with a limp. But that could change this week as earnings season kicks off and companies start announcing their plans for share repurchases, something investors hope will help the market keep last year’s rally running. Most Read from Bloomberg Bulls may need the support, as hedge funds and retail investors […]
By Li Gu and Casey Hall SHANGHAI (Reuters) – A slew of smaller Chinese gaming companies have announced share buybacks – plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games. Last Friday, regulators published draft rules that would ban online […]