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2. JPMORGAN: “Unlike the 2015-16 episode, .. the stall in profits over the past year has come primarily from a slide in margins,” contracting 7% in the year through 2Q19 … Read more
Most S&P 500 firms repurchase some shares though 10 firms made up 31% of all buybacks in 2018, Goldman has calculated. Apple has spent $74bn on share buybacks, 2.5 times … Read more
by WARREN MOSLER Chinese state company defaults offshore, first time in 20 years (FT) A Chinese state-owned enterprise from the country’s remote north-west has failed to repay a US dollar bond in Hong … Read more
via Luke Kawa The biggest use of cash among S&P 500 companies is making their public footprints smaller — a strategy that’s paid dividends in 2018. According to Goldman Sachs, aggregate … Read more
h/t @SoberLook $AAPL propping up the market pic.twitter.com/Z5H3ZjtNN3 — Alastair Williamson (@StockBoardAsset) August 2, 2018
