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September 5th - According to the latest data released by the Shenzhen Real Estate Intermediary Association, in August, Shenzhen saw 3,467 new homes sold, a 23.0% decrease month-on-month but a 4.8% increase year-on-year; 5,108 existing homes were sold, a 2.3% decrease month-on-month but a 7.6% increase year-on-year. From January to August this year, approximately 48,400 existing homes were sold in Shenzhen, a 4.7% increase year-on-year.The governor appointed by Russia said that in the past 24 hours, attacks by Ukraine on the Russian-controlled Luhansk region have killed five people and injured five others.According to Saudi satellite television: Sources say Yemeni armed forces have regained control of all areas in the Hais district of Hodeidah province.On September 5th, the Securities Association of China released statistics on the operating data of securities companies for the first half of 2026. Unaudited financial statements show that 150 securities companies achieved operating revenue of 329.81 billion yuan in the first half of 2026. Revenue from their respective main businesses was as follows: net revenue from securities brokerage (including trading unit seat leasing) of 104.135 billion yuan; net revenue from securities underwriting and sponsorship of 16.131 billion yuan; net revenue from financial advisory services of 2.39 billion yuan; net revenue from investment consulting services of 5.096 billion yuan; net revenue from asset management of 12.142 billion yuan; net interest income of 40.513 billion yuan; and securities investment income (including fair value changes) of 113.097 billion yuan. Net profit for the first half of 2026 was 138.664 billion yuan. According to statistics, as of June 30, 2026, the total assets of 150 securities companies were RMB 17.23 trillion, net assets were RMB 3.48 trillion, net capital was RMB 2.59 trillion, the balance of customer transaction settlement funds (including margin trading funds) was RMB 4.45 trillion, and the total principal of entrusted funds under management was RMB 10.23 trillion.Ukrainian producer MetInvest stated that a Russian ballistic missile attack on a steel plant in Ukraines Dnipropetrov region killed five people and halted production.

T-Mobile announces a $14 billion buyback of its shares

Aria Thomas

Sep 09, 2022 10:32

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T-Mobile US (NASDAQ:TMUS) Inc. announced on Thursday a $14 billion share repurchase program that would run through September of next year in an effort to reward shareholders for outperforming competitors.


In after-hours trading, its shares rose 2.8% to $149.47. Compared to rivals AT&T (NYSE:T) and Verizon (NYSE:VZ20.5%), the stock has risen by 25.3% so far this year, while both have fallen by 9.7%.


T-free Mobile's cash flow is expected to increase in the next years, according to industry analysts, as expenses related to the acquisition of rival Sprint Corp decline and more customers sign up for the telecom company's 5G networks at competitive prices.


The announcement of the repurchase comes one day after T-Mobile announced the sale of its landline business to Cogent Communications Holdings Inc in order to concentrate more on 5G.


The company intends to fund the repurchases with cash on hand and revenues from one or more loan offerings or other borrowings.


T-Mobile management stated during last year's investor day that the company anticipated free cash flow growth to finance $60 billion in stock buybacks between 2023 and 2025.