Buyback

State’s police minister says buyback ‘doesn’t focus on keeping guns out of the hands of terrorists and criminals’, leaving NSW only clear supporter of planGet our breaking news email, free app or daily news podcastQueensland has rejected key recommendations from the Bondi royal commission’s interim report, insisting plans for a national gun buyback will not keep weapons “out of the hands of terrorists and criminals”.The report, handed down by commissioner Virginia Bell on Thursday, raised doubts about whether efforts to establish a national gun register after the 2022 police killings at Wieambilla in Queensland had been “unduly leisurely”. Bell recommended the federal government and the states speed up a jointly funded weapons buyback scheme. Continue reading...

• JPMorgan Chase authorized a $5 billion share repurchase program, effective immediately, following a strong first quarter in which net income exceeded $6.2 billion and return on equity reached 15.3%. • CEO Jamie Dimon stated that the buyback reflects management confidence in the bank's capital position and long-term earnings trajectory despite macroeconomic headwinds. • The announcement signals investor-friendly capital allocation policies among major financial institutions, supporting bank stock valuations and demonstrating the sector's resilience amid ongoing rate cut speculation.

• U.S. stocks opened higher on March 17 with Dow up 0.66%, S&P 500 up 0.42%, and Nasdaq up 0.33%. • Qualcomm shares rose 3.2% after approving a $20 billion stock buyback plan and boosting its dividend. • The announcement signals strong confidence in future cash flows amid semiconductor demand.