Robinhood's stock jumps 5% after $1 billion buyback unveiled

Shares of Robinhood Markets Inc. rose more than 5% in the extended session Tuesday after the online broker said its board approved a $1 billion share buyback program. 


 
Hess Shareholders Give Approval to $53 Billion Merger With Chevron

Investors' green light clears one hurdle for the tie-up to happen but a challenge by Exxon makes the final outcome uncertain. 


 
Cava Stock Tumbles After  Earnings Beat. Consumers Pulled Back.

The fast-casual food chain's same-store sales growth slowed even as quarterly earnings beat estimates. 


 
Faraday Future Intelligent Electric Withdraws Production Outlook

The EV maker said the decision has been driven by current market conditions and funding levels. 


 
 Ex-Pioneer CEO Says FTC Used Him as 'Scapegoat' in Exxon Deal

Scott Sheffield says the antitrust enforcer smeared him with collusion allegations when it blocked him from Exxon's board. 


 
Adam Neumann Gives Up Bid to Buy Back WeWork

The co-founder of the shared-workspace company says WeWork's bankruptcy plan appears unrealistic. 


 
OpenAI Forms New Committee to Evaluate Safety, Security

The move comes after the ChatGPT creator was involved in a legal standoff with Scarlett Johansson over the release of a new female voice assistant. 


 
Saudi Arabia to Raise $10 Billion to $20 Billion in Fresh Aramco Stock Sale

The long-awaited offering, if it proceeds, would alleviate near-term pressure on the kingdom to raise funds. 


 
T-Mobile to Buy Most of U.S. Cellular in $4.4 Billion Deal

The agreement, which includes up to $2 billion of assumed debt, would give T-Mobile more than four million new customers. 


 
Moderna Makes Big Play for Big Tech Talent

CIO Brad Miller has been replacing IT outsourced during the pandemic with a full-time in-house staff as the biotech looks to roll out 15 new products over the next five years.


(END) Dow Jones Newswires

05-28-24 1915ET