Stock buybacks by companies in the S&P 500 are projected to exceed $1 trillion in 2023 for the first time in a calendar year, according to S&P Dow Jones Indices.
Apartment rents fell in every major U.S. metropolitan area over the past six months through January, a trend that is poised to continue amid a wave of new units.
Altria is in advanced talks to buy e-cigarette startup NJOY for at least $2.75 billion and plans to divest its Juul stake, according to people familiar with the matter.
U.S. stocks rose, helped by a rebound in shares of fast-growing tech firms, with the S&P 500, Nasdaq and Dow gaining 0.3%, 0.6% and 0.2%, respectively.
The lack of AM radio in some new electric vehicles could cut off drivers from important safety alerts, a group of former emergency officials warned.
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Appeared in the February 28, 2023, print edition.