Companies are spending more than ever buying their own stock. Joe Biden wants to put a stop to that
CNN
President Joe Biden delivered a strong message to corporate executives this week in his 2023 spending plan: Share the wealth.
His administration wants to discourage stock buybacks, which critics say allow ultra-wealthy executives to manipulate markets while funneling corporate profits into their own pockets instead of the economy.
Last year, companies in the S&P 500 repurchased a record $882 billion of their own shares. That number is on track to reach $1 trillion in 2022, according to new data from Goldman Sachs.
Trump is getting rid of paper straws, environmentalists say that’s (partly) a good thing
DeepSeek turned the tech world on its head last month – and for good reason, according to AI experts, who say we’re likely only seeing the beginning of the Chinese tech startup’s influence on the AI field.
Most people who live alone know they’re paying a premium compared to their friends who split rent with partners or roommates. But in no city is this “singles tax” more expensive than in New York City.
Missouri sued Starbucks this week, alleging the chain’s push to hire and promote more people of color and women violated anti-discrimination laws and slowed down coffee orders.
Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.
China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the most in nearly a decade, a report from two clean-energy groups said Thursday.
Google Play said it restored TikTok to the US app store on Thursday, following promises by President Donald Trump to save the app and an executive action delaying the enactment of a ban on the wildly popular social media platform.
To hear Trump tell it, Thursday’s new tariffs announcement was a significant and sweeping order that will bring the world to heel. But the plan, as it were, consisted of a vaguely worded memo that offered few concrete details and no real timeframe for the next round of tariffs.
Americans are having a harder time managing rising debt burdens and in some cases haven’t been this overextended since the aftermath of the Great Recession.
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for American shoppers.
Several channels owned by Paramount Global, including CBS, Comedy Central and MTV, have disappeared from YouTube TV on Thursday after the two companies failed to reach a contract renewal.
Elon Musk says he is prepared to drop his attempt to buy OpenAI if the ChatGPT maker maintains its current structure.
President Donald Trump is expected to announce a new round of sweeping reciprocal tariffs on Thursday, matching higher rates other nations charge to import American goods.