Company repurchases 50,000 of its own shares.
Company repurchases 50,000 of its own shares amid rising unemployment and inflation rates. Unemployment has increased to 7.5 million, a 2% rise from last month, while inflation has surged to 5.2%, the highest in a decade. The stock market has declined by an average of 3%, attributed to global uncertainty and trade disputes. Despite these challenges, the housing market remains resilient with an 8% increase in home sales. The overall economic landscape appears turbulent, impacting the financial sector's future.
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