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.
Google parent Alphabet Inc. on Tuesday said it was earmarking as much as $50 billion to repurchase shares. Not to be outdone, Apple Inc. pledged a day later to spend as much as $90 billion. Both represent significant increases from prior authorizations and could signal that corporations are ready to return…
