Stock Buybacks Drop May Mean More Market Volatility

Companies aren’t opening their wallets as wide as they used to for stock buybacks. They reined in buybacks in the first quarter of 2019, according to a Fortune analysis of data from the S&P Dow Jones Indices. The amount put into repurchasing shares was $205.8 billion, a 7.7% drop from the $223.0 billion spent in […]

Kraft Heinz’s Stock Plummets 20% After Company Slashes Dividend, Discloses SEC Probe

The stock price of Kraft Heinz plunged 20% late Thursday after the food giant disclosed it received a subpoena from the Securities and Exchange Commission and reported a large net loss due to the reduction of goodwill in some of its best-known brands. Kraft Heinz also said in a conference call discussing earnings that it […]