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from24/7 Wall St.
17 hours agoThese 3 AI Stocks Under $50 Are Repurchasing Shares
Stock buybacks are gaining attention as companies like Agora and C3.ai implement repurchase programs to enhance shareholder value.
"Frankly, if Congress doesn't codify it, they'll go into court. My sense [is] it's really difficult to justify tax changes because the president wanted to change them,"
Shares of Snap (NYSE: SNAP) are up just over 15%, or $1.13 a share. All after the company reported strong revenue that was above expectations, it said it would buy back $500 million worth of stock, and noted that Perplexity AI will pay it $400 million to integrate its AI search features into Snap. Revenue of $1.51 billion was above estimates of $1.49 billion. Global daily active users jumped to 477 million, as compared to estimates of 476 million.
Starbucks is the worst offender, but jaw-dropping gaps are the norm among America's leading low-wage corporations. CEOs of the 100 S&P 500 firms with the lowest median wages - a group I call the "Low-Wage 100" - have enjoyed skyrocketing pay over the past six years. As a group, these CEOs now earn 632 times more than their median employees, I found in a new report for the Institute for Policy Studies.