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The U.S. Federal Aviation Administration announced that it will invest over $750 million to build eight new air traffic control towers and terminal radar approach control (TRACON) facilities to replace existing aging facilities.On May 15th, State Street Managing Director and Head of EMEA Macro Strategy, Tim Graff, stated, "Global equities have been on a sustained upward trend for the past few days. Therefore, I think we are in a phase where this rally is showing signs of fatigue." However, he added that equities remain supported. "I think if anything could trigger a pullback, it would be the movement in the interest rate market and the expectation that inflation may remain above the target levels of many central banks for an extended period, forcing them to potentially tighten policy," he said.On May 15th, Anta Sports (02020.HK) announced on the Hong Kong Stock Exchange that as of May 15, 2026, the company had granted a total of approximately 3.79 million award shares, representing approximately 0.136% of the companys issued shares as of the date of this announcement, to 357 selected employees of the Group (each and collectively referred to as the Grantees), under the "2018 Share Award Scheme (2023 Revised Edition)". Of these, 100,000 award shares were granted to Bi Mingwei, an executive director of the company. The closing price of the shares on the grant date was HK$76.25.The U.S. New York Fed Manufacturing Employment Index for May was 8.3, down from 9.8 in May.The U.S. New York Fed Manufacturing Prices Get Index for May was 31.8, up from 21.8 in the previous month.

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.