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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Share buybacks — one of the defining features of the US stock market over the past decade — hit a wall last year as higher borrowing costs and concerns about a potential recession prompted executives to preserve cash.
S&P 500 companies bought back $795bn of their own stock in 2023, according to S&P Dow Jones Indices. That is 14 per cent less than 2022, when buyback…
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