Apple and Alphabet Herald Return of Buyback Boom as Cash Swells
- The two megacaps reported $140 billion in total authorizations
- Repurchases are gaining steam after drying up last year
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Buybacks are coming back with a vengeance.
A pair of pledges to repurchase shares this week by two megacap technology companies is fueling hopes that more corporations will embrace the practice again, a development which could lend further support to U.S. stocks trading at record highs.