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Tech companies slow stock buybacks as the China trade war bites

  • Source: Axios - - Read: 0



    Data: Catalyst Funds; Chart: Andrew Witherspoon/Axios

    Public companies are slowing their stock buybacks in 2019 from 2018's record pace, and the slowdown in the tech sector shows the trade war is beginning to hit the economy in unexpected ways.

    Why it matters: "Given the state of the economy, what this really means is that companies are probably likely more concerned now than they were last year that conditions could get far worse and therefore aren’t too excited to start large buyback programs," Catalyst Funds COO Michael Schoonover tells Axios in an email.



    Read Full News: https://www.axios.com/tech-companies-stock-buybacks-china-trade-war-18928ebb-6953-49df-a2c5-47dd0b58f771.html

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