Category Archives: Corporate News

Berkshire Hathaway Repurchases Stock

  Berkshire Hathaway in their third-quarter report announced that they bought back $928 million worth of stock. This is Berkshire’s first share repurchase since 2012. This goes against Berkshire’s Chairman Warren Buffett’s stated belief that value is created for shareholders … Continue reading

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Apple Stock Falls After Reporting Earnings

Apple reported their fiscal fourth-quarter earnings on Thursday. Despite reporting a record amount of revenue and profits, Apple saw its stock tumble 6.0% on Friday. Investors were disappointed with Apple’s modest growth projections and the announcement that Apple won’t be … Continue reading

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Fair Isaac Corp Roles Out new Credit Scoring System

Fair Isaac Corporation is changing the FICO credit scoring system, which has been the standard since the 1990s. The new credit scoring system, UltraFICO, not only factors in the borrower’s history, but also how borrowers manage cash in their checking, … Continue reading

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Stock Market Selloff

On Wednesday, October 24th, the stock market rout deepened with an intense selloff sending the Dow Industrials into the red for the year and putting the Nasdaq Composite Index down more than 10% from its recent high. The tech-heavy index … Continue reading

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Global stocks drop amid political tensions

On Tuesday, October 23rd, volatility returned to the stock markets sending the Dow Jones Industrial Average almost 550 points down before it erased nearly all of those losses in the final hours of the trading day. The selling began early … Continue reading

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Google’s surging profits & turmoil in corporate culture

Google’s parent reported surging profits on slightly slower growth in revenue, signaling uncertainty in its core business at a time when it is dealing with a growing backlash from regulators and turmoil in its own corporate culture. Alphabet Inc. on … Continue reading

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Elon Musk Settles with SEC

Elon Musk of Tesla has reached an agreement with the SEC after they charged him with securities fraud. The lawsuit is a result of an August tweet by Musk that claimed he will be taking Tesla private at $420 per … Continue reading

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