
Cornell Alum Buys College President's House for $2.8 Million
A spokesperson for the university said a 'devoted Cornell alumnus' purchased the Tudor-style residence — known as Robin Hill — for $2.785 million. The home in Ithaca, New York, was vacant and Cornell did not have plans to use it in the near term, the spokesperson said in an emailed statement.
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Apple's $704 Billion Decade-Long Buybacks Exceed Market Cap Of All But 13 Companies Worldwide
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tim Cook-led Apple Inc. (NASDAQ:AAPL) has amplified its shareholder value for several years with a robust share repurchase program, so much so that only 13 firms worldwide have a market capitalization higher than the shares that AAPL has bought back. What Happened: Data shared by the Chief Market Strategist at Creative Planning, Charlie Bilello, shows that Apple has bought back $704 billion in stock over the past decade. That $704 billion figure exceeds the market capitalization of all but 13 companies globally and is greater than that of 488 companies in the S&P 500 index. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — According to the chart shared by him, AAPL's current outstanding shares amount to 14.84 billion units, while it has bought back 95.66 billion shares in 10 years, on a trailing like Eli Lilly And Co. (NYSE:LLY), Visa Inc. (NYSE:V), Mastercard Inc. (NYSE:MA), and Netflix Inc. (NASDAQ:NFLX) have a market capitalization lower than that of Apple's buybacks in the last 10 years. However, experts have stated their frustration with Apple's share repurchase strategy. CNBC's 'Mad Money' host Jim Cramer has reiterated that the buybacks aren't working, and they need to make an acquisition in the AI space with its cash primary reason for promoting this acquisition of the AI-powered search engine, Perplexity AI, stems from the U.S. government's antitrust ruling against Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) expected in this month. It could force Google to end default search deals with Apple's Safari It Matters: Wedbush Securities' Tech Bull, Daniel Ives, popularly known as Dan Ives, shares the same views as Cramer. In July, Ives said that Apple's "treadmill approach" needs to end, and it needs to eye a big splashing partnership with either Perplexity or Anthropic. According to him, "It's a matter of when and not if, in other words, Apple needs to make a move, and it's clear. Perplexity to me seems like a no-brainer, relative to how it would fit." "The reason the stock can go up in the second half of the year is that I think Apple is going to make a move. I know they still haven't done an acquisition since Beats, being the biggest one, but now is the time for Cook and Cupertino to move away from the treadmill approach,' he added. Ives reiterated Apple with an Outperform and a $270 price forecast on Wednesday after it announced a new $100 billion commitment to increase investments in the U.S., bringing the company's total commitment up to $600 billion. Jones indices were trading higher. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: jamesteohart / This article Apple's $704 Billion Decade-Long Buybacks Exceed Market Cap Of All But 13 Companies Worldwide originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Sam Altman addresses ‘bumpy' GPT-5 rollout, bringing 4o back, and the ‘chart crime'
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Nasdaq Hits Fresh High as Wall Street Posts Best Week Since June
The Nasdaq Composite closed at a record high on Friday as Wall Street posted the best week since Jun Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data