The NBA just issued its first gambling ban in 70 years, booting Jontay Porter for committing the league’s ‘cardinal sin’
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Alphabet issues first ever dividend, $70 billion buyback
Alphabet said Thursday that it’s issuing a 20-cent per share dividend, the company’s first ever, and that its board authorized the repurchase of up to $70 billion in stock. The company’s move comes after Meta’s board authorized its first ever dividend in February. Google’s parent company had $108 billion in cash and marketable securities on hand as of March 31, 2024. Shares shot up 15% in after hours trading. The news was announced alongside better-than-expected first-quarter earnings. Alphabet...
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Alphabet issues first-ever dividend, $70 billion buyback
Google issued its first-ever dividend of 20 cents and authorized a $70 billion share repurchase program alongside its first-quarter earnings.
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NBA issues lifetime ban against Jontay Porter for betting on games
The NBA has handed down a lifetime ban to Toronto Raptors forward Jontay Porter, accusing him of betting on games, passing health information to gamblers and claiming illness to influence a wager. The league says Porter made more than $20,000 in profits.