US companies spent over $1 trillion buying back their own shares last year as they shrugged off fears of a recession-fueled crash

Jan 11 2023 by Business Insider

 
Apple spent $90 billion buying its own shares in a single quarter last year as listed companies shrugged off fears of a recession-fueled stock market crash.

Loren Elliott/Reuters

Listed US companies spent $1.03 trillion on share buybacks last year, according to Birinyi Associates. Share buybacks are seen as an indicator of how much faith a company has in its own business and the wider economy. "They are still comfortable enough to spend money on stock buybacks, so are they really that...
Continue Reading US companies spent over $1 trillion buying back their own shares last year as they shrugged off fears of a recession-fueled crash