Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
A number of banks are ratcheting up buybacks and dividends after passing stress tests, which marks good news for their investors in a difficult year.
The announcement of dividends and buybacks comes in a year where big banks in the U.S. and abroad have seen their share values hammered by market volatility and decreasing expectations that the Fed will raise interest rates this year, which is expected to have a substantial impact on their revenue and forward-looking projections.
Morgan Stanley, which can proceed with capital redistributions despite the Fed's decision to require it to resubmit a capital plan, increased its dividend to 20 cents a share from 15 cents a share and announced a $3.5-billion stock buyback.
Huntington Bancshares announced a dividend increase to 8 cents a share from 7 cents a share.
Bank of America Merrill Lynch increased its dividend by 50 percent, to $0.075 per share, and authorized a $5 billion stock buyback.
PNC Financial Services increased its dividend by 4 cents, to 55 cents a share, and announced a share repurchase program of $2 billion.
JPMorgan Chase announced a buyback plan for $10.6 billion in stock and will continue its current common stock dividend of 48 cents a share.
Citigroup announced that it will buy back $8.6 billion in stock and will increase its dividend to 16 cents a share.
Fifth Third will increase its quarterly stock dividend to 14 cents a share in the fourth quarter and will make share repurchases of up to $660 million, the bank said.
Wells Fargo did not change plans; but the bank will make a 38 cent dividend, as previously stated.
Northern Trust will increase its dividend to 38 cents a share from 36 cents a share and plans a share repurchase of up to $275 million.
BNY Mellon will repurchase $2.7 billion in common stock and raised its dividend to 19 cents a share from 17 cents a share.
KeyCorp will buy up to $350 million in common shares back, and increased its dividend to $0.095 per share.
American Express boosted its dividend to 32 cents a share and will buy back $3.3 billion in common shares.
SunTrust will increase its dividend to 26 cents a share from 24 cents a share and will repurchase $960 million in stock.
Comerica said in a statement its board will consider increasing its dividend to 23 cents a share, marking a 4.5 percent increase. The bank also said it plans $440 million in repurchases.
Ally Financial is looking to repurchase up to $700 million in common stock and to declare an 8 cent dividend.
Capital One said in a statement it expects to maintain a 40 cent dividend and said it will repurchase $2.5 billion in stock.
State Street will repurchase up to $1.4 billion of its common stock and plans to increase its dividend to 38 cents a share from 34 cents a share.
Discover Financial aims to repurchase up to $1.95 billion in stock and said it wants to increase its dividend to 30 cents a share from 28 cents a share.
BB&T aims to increase its quarterly dividend to 30 cents a share. The plan also includes share buybacks of up to $640 million starting in the third quarter of 2016.