1. Goldman Sachs Calls Record Stock Buybacks a 'Questionable use of Cash'

    Goldman Sachs Calls Record Stock Buybacks a 'Questionable use of Cash'

    Stock buybacks have surged this year, and in April, companies announced plans to spend a record $133 billion on buying their own shares. When a company buys back its own stock — instead of using that money to invest in equipment, employees, or buying another company — it implies that companies think their shares are undervalued and that there is nothing else to do with that money...

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