WASHINGTON (AP) — The Federal Reserve said Friday that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock.
The banks have ample capital cushions girding them...
DUBAI, United Arab Emirates (AP) — Saudi Arabia's oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of dollars in dividends...
LONDON (AP) — Royal Dutch Shell increased its dividend payout to shareholders following a better-than-expected third quarter of the year, months after cutting it for the first time since World War...
SILVER SPRING, Md. (AP) — The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to quash travel and smother demand for...
FRANKFURT, Germany (AP) — Carmaker Volkswagen recorded an after-tax loss of 1.54 billion euros ($1.81 billion) in the second quarter as the pandemic shut down auto plants and closed...
NEW YORK (AP) — A worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause the nation’s 34 largest banks to collectively lose roughly $700 billion, the Federal...
JUNEAU, Alaska (AP) — A company that wants to build a copper and gold mine near the headwaters of a major U.S. salmon fishery in southwest Alaska is not trying to buy support for the proposed...
DUBAI, United Arab Emirates (AP) — Saudi Aramco, the kingdom's energy producer, announced on Tuesday a net income of $16.7 billion for the first three months of the year and dividends of $18.75...
NEW YORK (AP) — A fire hose of cash that's rained trillions of dollars on to those fortunate enough to own stocks is suddenly being choked off.
The Latest on the coronavirus pandemic, which has infected more than 375,000 people and killed over 16,000. The COVID-19 illness causes mild or moderate symptoms in most people, but severe...
DETROIT (AP) — Ford is suspending its dividend to preserve cash as vehicles sales fade due to the coronavirus outbreak.
The company said it's drawing on two credit lines to put another...
TOKYO (AP) — Nissan shareholders vented their outrage at the Japanese automaker's top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden...
FRANKFURT, Germany (AP) — Airbus' chief executive said Thursday that his company sees no short-term benefit from Boeing's troubles with its grounded 737 MAX because the competing A320 is sold out...
NEW YORK (AP) — U.S. stocks are back at a record. Don't feel excited? Neither does Wall Street.
After a shaky few months, the stock market has pushed through worries about President Donald...
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4:00 p.m.
Stocks are sputtering at the close on Wall Street Thursday after an early rally...
NEW YORK (AP) — The nation's largest banks are rewarding shareholders by spending tens of billions raising their dividends and buying back stock after getting the green light from the Federal...
SAN FRANCISCO (AP) — A federal judge said Tuesday he will closely monitor Pacific Gas & Electric's tree-trimming this year and barred the utility from paying out dividends to shareholders as part...
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom has set off a flurry of speculation after he said the state's consumers should get a piece of the billions of dollars that technology companies make by capitalizing on personal data they collect.
The new governor has asked aides to develop a proposal for a "data dividend" for California residents but provided no hints about whether he might be suggesting a tax on tech companies, an individual refund to their customers or something else.
NEW YORK (AP) — It pays more than ever to be an investor. U.S. companies have sent a record amount of cash to their shareholders as dividends this year as their profits continue to pile higher.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks closed lower on Wall Street as Apple fell to its worst loss in more than four years.
Even with Friday's losses the market still wound up higher for the week thanks to gains over the past three days.
Apple sank 6.6 percent after forecasting weak revenue. The company also startled investors by saying it will stop disclosing quarterly iPhone sales.
A sharp increase in bond yields hurt high-dividend stocks.
JUNEAU, Alaska (AP) — Sparks flew in the final debate of the Alaska governor's race, with the two major candidates jockeying to draw distinctions between themselves as the election nears.
Democrat Mark Begich dismissed as a gimmick a major piece of Republican Mike Dunleavy's platform: a plan to pay residents a full dividend check from the state's oil-wealth fund, the Alaska Permanent Fund.
General Electric slashed its quarterly dividend and announced it will restructure its power business, as the industrial conglomerate struggles with sagging profits and a spate of bad news.
The company announced a $22 billion charge in its power division and swung to a third-quarter loss that was bigger than most industry analysts had expected.
The company on Tuesday cut its dividend to a penny, from 12 cents per share, a move that could hurt individual investors who rely on income from dividends.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks are closing mixed on Wall Street as gains for banks are offset by losses elsewhere in the market.
Bond yields climbed to the highest level in four months Wednesday, sending bank shares higher and weighing on utilities and other high-dividend payers.
Technology companies also did poorly. Energy stocks rose.
JPMorgan Chase rose 2.9 percent, and Halliburton rose 2.3 percent. Microsoft fell 1.3 percent.
NEW YORK (AP) — U.S. stocks rose Friday after the Labor Department said hiring remained solid in July and strong quarterly earnings continued to boost the market.
U.S. employers added 157,000 jobs last month, fewer than analysts expected. But the Labor Department said more jobs were added in May and June than it previously reported. That made up for the shortfall in July.
LONDON (AP) — The Royal Bank of Scotland announced a steep fall in second-quarter profit Friday after being hit by a big charge from U.S. authorities over past misdeeds. But the bank said it is putting its troubled past behind it and will pay its first dividend to shareholders in a decade.
NEW YORK (AP) — U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Donald Trump said China is manipulating its currency.
WASHINGTON (AP) — The Federal Reserve has given the OK to 32 of the 35 biggest banks in the U.S. to raise their dividends and buy back shares, judging their financial foundations sturdy enough to withstand a major economic downturn.
Walgreens gave investors a better-than-expected third quarter, raised its dividend and detailed a big share buyback Thursday. None of this seemed to matter once markets opened.
Shares of the nation's largest drugstore chain and its competitors tanked after Amazon.com took another step into their territory by announcing the purchase of PillPack, a relatively new online pharmacy that offers pre-sorted prescription dose packaging and home delivery.
NEW YORK (AP) — Flush with savings from lower tax bills and profits from a growing economy, big U.S. companies are spending a record amount buying back their own stock.
Stock repurchases hit $189.1 billion in the first quarter for the S&P 500, according to preliminary results from S&P Dow Jones Indices. That tops the prior record of $171.9 billion set during the summer of 2007, just before the Great Recession struck.