What is your opinion about stock buybacks?
Most investors welcome stock buybacks because they tend to push the price higher. Companies who sit on massive piles of cash have been buying up their own stocks, and we have seen the results of this as some of these stocks continue to push new record highs. There’s just one thing that hasn’t made itself known: Insiders have been legally profiting off of this and the regulators have created a loophole for them.
Insiders Pocket Gains on Buybacks, Vexing Regulator – WSJ
Feds Collect Record Individual Income Taxes Through May; Still Run $532.2B Deficit
Venezuela’s hyperinflation at new dizzying high
The Art Fair Where $20 Million Impulse Buys Are the New Normal – Bloomberg Quint
America is house-rich but cash-poor — and these businesses see opportunity – MarketWatch
Administrators over kids: Seven ways Illinois’ education bureaucracy siphons money from classrooms – Wirepoints Special Report | Wirepoints
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