Companies have been feverishly putting the savings they reaped from he tax breaks passed in December into their investors’ pockets this year.
Share buybacks in 2018 have averaged $4.8 billion a day, double the pace for the same period last year, according to market data firm TrimTabs. That comes following Congress’s move to slash the corporate tax rate from the highest-in-the-world 35 percent to 21 percent.
