Apple Inc., which already announced it was boosting its capital return program by $70 billion, should increase its stock buyback, Carl Icahn wrote in a letter to the company. “Apple is poised to enter and in our view dominate two new categories (the television next year and the automobile by 2020) with a combined addressable market of $2.2 trillion, a view investors don’t appear to factor into their valuation at
Apple remains “dramatically undervalued”, activist investor Carl Icahn said on Monday, adding that it was time for the iPhone maker to execute a much larger share buyback.
Stocks are expensive, but they’re not in bubble territory, BlackRock strategist Russ Koesterich says.
The drop in confidence helps explain why builders such as D.R. Horton Inc. are trying to offer more lower-priced homes in a bid to attract customers waiting to see if the economy rebounds from a first-quarter slump. At the same time, construction chiefs became more optimistic about the future as still-low mortgage rates and an improving job market underpin the market.
For the first time, Amtrak could face a $200 million payout to train crash victims — the limit set by Congress. But that may be too low to cover the costs of the eight lives lost and more than 200 people …
As the back half of May unfolds, a large majority of Wall Street play callers are projecting that September will see the first Fed rate hike. Too cozy a consensus?
Goldman Sachs slashed its crude oil price forecasts for 2016 to 2020, citing improved U.S. shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity.
MasterCard Inc. is poised to receive an antitrust complaint from European Union watchdogs probing card-payment fees, according to three people with knowledge of the case. Regulators may send a statement of objections to MasterCard before the end of July, said the people, who asked not to be named because the case isn’t public. “MasterCard being much more internationally focused, it has been more inclined to fight than to settle so
The recently interrupted bull-run in the dollar has weighed heavily on company dividends, with global pay-outs slumping in the first quarter compared to a year ago.
Greece’s government will pay public-sector wages and pensions in May but needs an agreement with creditors by the end of the month, its spokesman said on Monday, amid growing fears the country is on the verge of bankruptcy. Without aid or access to debt markets, Athens is close to running out of money – it had to empty an International Monetary Fund reserves account to make a debt payment to
