News
Looming Fed Rate Hike Weighs Heavily on U.S. Stocks
Fed Governors Suggest Rate Hike Imminent As Brexit-induced panic begins to fade, the Federal Reserve is rekindling the possibility of higher interest rates. Two Fed officials were dispatched to communicate the Fed’s willingness to raise interest rates, and unsurprisingly, their.
Comfort Systems USA, Inc. Increases Stock Buyback Program
Authorizes Buyback of Up to One Million Shares On Tuesday, August 16, Comfort Systems USA, Inc. (NYSE:FIX) announced that its board of directors has approved an amendment to its existing stock repurchase program. The amendment would increase the shares authorized.
Canaccord: More Upside in Student Housing REITs
Issues Buy Ratings on ACC and EDR Many real estate investment trusts (REITs) offer solid returns to income investors. And according to Canaccord Genuity, there is one type of REIT that stands out: student housing REITs. Ryan Meliker and Michael.
Warren Buffett Raises Stakes in Dividend-Paying Stocks
Berkshire Hathaway Raises Apple Stake to $1.5 Billion Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) increased its bets on some of the dividend-paying stocks, including Apple Inc. and refiner Phillips 66, while cutting its exposure in Wal-Mart Stores and farm machinery.
Citi Resumes Coverage of Plains American Pipeline and Plains GP Holdings
Issues “Buy” Ratings for Both Partnerships In today’s stock market, few companies get a second chance. However, Plains All American Pipeline, L.P. (NYSE:PAA) and Plains GP Holdings LP (NYSE:PAGP) could be exceptions. On Tuesday, August 16, Citigroup Inc (NYSE:C) analysts.
Pinnacle Entertainment Inc Announces $50 Million Stock Repurchase Program
New Stock Buyback Program Won’t Affect Pinnacle’s Debt Leverage Profile On Monday August 15, Pinnacle Entertainment Inc. (NASDAQ:PNK) announced that its board of directors has approved a new $50.0 million share repurchase program. The company plans to fund the stock.
American Teachers Earn 17% Less Than Comparable Workers
Report: Teacher Pay Gap Widens Recent findings from the Economic Policy Institute suggest that U.S. teachers have suffered greater income losses than other workers elsewhere in the economy. The report looked at wages across a 21-year period. In 1994, teachers.
U.S. Stock Buybacks Stumble to 4-Year Lows
A Bad Sign for Stocks? In an ominous sign for equities, U.S. companies appear to be buying back fewer shares than they have over the last four years. Share buybacks announced for the second quarter fell to their lowest point.
Bond Prices Fall After Fed Official Rate Comments
Rate Hike in September Still a Possibility U.S. bond prices declined after Federal Reserve officials cautioned the market that a September interest rate hike is still a possibility. The Federal Reserve may raise interest rates as soon as next month,.
U.S. Building Permits Down 0.1% in July
Housing Starts Up 2.1% Obtaining a building permit is one of the first steps in constructing a new building. Therefore, the number of building permits can be a great gauge of future construction activity. On Tuesday, August 16, the U.S..
