buybacks

Stock Buybacks and Dividends Become a $1.5 Trillion Political Target

Despite the rocky stock market and the slowing economy, corporate America is sending more money to shareholders than ever before. The amounts are staggering, which is why these huge sums, sometimes called “windfall profits,” have become a political target. The landmark climate and tax legislation that now goes to President Biden for his signature includes …

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The Democrats have taken aim at the stock market’s safety net by taxing buybacks – potentially creating another headwind for investors

The Democrats plan to put a 1% tax on share buybacks, as part of a deal to rescue Joe Biden’s agenda. Stock buybacks have supported the market in recent years, with companies spending huge amounts on their own shares. Analysts said the tax could be a new headwind, but said companies would likely increase spending …

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Exxon, Chevron post blowout earnings, oil majors bet on buybacks

High prices, margins lift majors to best quarters in history Exxon earnings surpass previous record set in 2012 July 29 (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for …

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