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Lithia & Driveway Boosts Share Repurchase Program By $350 Mln
(RTTNews) - Automotive retailer Lithia & Driveway (LAD) announced Tuesday a $350 million increase to its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately $660 million.
To date this year, LAD has invested over $156 million to repurchase nearly 609,500 shares, 2.2% of outstanding shares, at a weighted average price of $257 per share.
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NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
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45 minutos atrás
European Economic News Preview: UK Inflation Data Due
Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
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1h 6min atrás
China Leaves Benchmark Interest Rate Unchanged
The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
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1h 16min atrás
European Shares Set To Open Lower After US Tech Selloff
European stocks are seen opening lower on Wednesday as investors fret about overheated tech valuations and U.S. government intervention in Intel.
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1h 38min atrás
U.S. Dollar Advances Against Most Majors
The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday.
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2h 0min atrás
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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2h 5min atrás
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
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2h 42min atrás
Sensex, Nifty Marginally Lower In Cautious Trade
Indian shares were subdued on Wednesday as investors grappled with U.S.-India trade frictions.
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2h 49min atrás
