U.S. companies’ purchases of domestic equities through more stock buybacks and corporate acquisitions will hit a six-year high of $625 billion this year, about as much as mutual funds and pension houses will offload, Goldman Sachs said.
Nike shares fell more than 6% before the bell on Friday after the Air Jordan maker forecast a drop in sales in its first half as it replaces older styles with trendier sneakers in its fight for market share with newer brands.
Futures for Canada’s main stock index advanced on Friday, with stocks continuing to rise after notching record highs in the previous session, while investors await for more economic data to gauge the health of the Canadian economy.
BMO Global Asset Management said on Friday it had partnered with U.S. private equity firm Carlyle Group to broaden access to private markets for Canadian investors.
Foreign investment flows into China shrank 19.9% in January-February from a year earlier to 215.1 billion yuan ($30 billion), data from the commerce ministry showed on Friday, even as the government gears up to woo foreign firms.
Social media platform Reddit’s shares ticked down 2.6% before the bell on Friday, a day after it notched a 48% gain in its debut on the New York Stock Exchange.
The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition.
Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the U.S. electric vehicle-maker grapples with slow demand and strong competition in the market.
The Bank of Japan on Friday highlighted the need to enhance its research and analytical capabilities in the first medium-term strategic plan compiled under academic-turned governor Kazuo Ueda, who took office in April last year.
