Monday, 25 January 2021

Daily Investor Update: U.S. corporate buybacks are on the rise, lifting investor hopes

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U.S. corporate buybacks are on the rise, lifting investor hopes

U.S. corporate share buyback levels are slowly increasing after last year's pandemic-driven drop-off in spending, and investors are eager to see how much buybacks may support market gains.

Stocks lag, dollar advances on COVID-19 concerns

Global stocks lagged and the dollar advanced in volatile markets on Monday, with sentiment hit by increasing COVID-19 cases, delays in vaccine supplies and uncertainty over a $1.9 trillion U.S. stimulus plan.

Oil rises 1% on U.S. stimulus hopes, supply concerns

Oil prices rose about 1% on Monday as optimism around U.S. stimulus plans and some supply concerns boosted futures, but demand worries prompted by coronavirus lockdowns limited gains.

Investor payouts and job cuts jar with U.S. companies' social pledge

When Randall Stephenson joined 180 of his peers leading many of the richest U.S. companies in signing the Business Roundtable pledge on the "purpose of a corporation" in August 2019, the then-chief of AT&T Inc promised to look out for the interests of all the wireless carrier's stakeholders, not just shareholders.

Google workers to form global union alliance

Google employees from across the globe are forming a union alliance, weeks after workers at the search engine giant and other units of parent company Alphabet Inc formed a labor union for U.S. and Canadian offices.

BlackBerry says unaware of reason for stock price surge

Canada's BlackBerry Ltd said it was unaware of any reasons for a surge in its share price on Monday that lifted gains to more than 150% since the start of January.

S&P, Nasdaq back off early highs on stimulus jitters

U.S. stocks pulled back on Monday from early highs that included a Nasdaq record by afternoon trading as concerns over the timing and size of fiscal stimulus curbed optimism about the start of a week of earning reports from mega-cap companies.

World economy expected to barely regain 2020 losses in 2021 - U.N. report

The world economy is expected to make a modest recovery of 4.7 percent this year after shrinking 4.3 percent in 2020 due to the COVID-19 pandemic - more than double the impact of the global financial crisis in 2009 - the United Nations said on Monday.

VW ordered to pay $20 million in Spanish diesel claim, carmaker to appeal

A Spanish court has ordered German carmaker Volkswagen to pay 16.3 million euros ($19.8 million) in compensation to people in Spain who bought cars with emissions-cheating devices installed, consumer group OCU said on Monday.

Boeing 737 MAX to fly again in Europe, angering some crash relatives

Europe is set to lift a 22-month flight ban on the Boeing 737 MAX this week after reviewing submissions by industry experts and whistleblowers, angering relatives of some of the 346 crash victims, who say the move is premature.

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