Apple—the world's most valuable company—announced today that it plans to use some of its $97 billion cash stockpile toward paying a regular dividend of $2.65 per share starting in the fourth quarter, and a stock buyback of up to $10 billion.
The International Monetary Fund (IMF) approved a $36 billion contribution toward the latest Greek bailout. Along with more than $170 billion from other European governments and institutions, the IMF loans will be doled out over the course of four years, hopefully allowing the country and the eurozone to regain their financial standing.
The Federal Reserve is scheduled to release the results of the latest bank stress tests this Thursday, which are expected to signal healthy balance sheets—a marked difference from the 2009 round of stress tests, and another indicator that our slowly recovering economy has been on an even sunnier upswing the past few months. The previous round of stress tests—which ended last March—weren't released to the public.
The unemployment rate remained at 8.3 percent after a gain of 227,000 jobs this February, according to the monthly report released by the U.S. Bureau of Labor Statistics this morning. This marks the third month in a row where the economy gained more than 200,000 jobs, a streak we haven't seen since early 2011.