【U.S. Companies Accelerate $1 Trillion Stock Buyback Surge at Record Speed】Golden Finance reports that U.S. companies are planning to buy back stocks at a record pace. According to data from Birinyi Associates, as of August 20, announced stock buybacks have exceeded $1 trillion, marking the shortest time ever to reach this scale. Large corporations have approved massive buyback plans in recent months, with Apple announcing a $100 billion buyback after revealing its quarterly earnings in May, while Alphabet, JPMorgan, Goldman Sachs, and others announced at least $40 billion in buybacks. Last month, the total amount of buybacks announced by U.S. companies reached $166 billion, setting a record for July. Rubin, president of Birinyi Associates, expects that the total buybacks announced by the end of the year will reach $1.3 trillion. However, the buybacks have also drawn criticism from some members of the Trump administration, with Treasury Secretary Mnuchin specifically criticizing Boeing for conducting a 'massive' buyback rather than investing in research and development.
