Bloomberg (August 28)
“US companies are planning to buy back shares at a historic pace, a sign of Corporate America’s confidence in the economy.” In July, “announced share repurchases totaled $166 billion, the highest dollar value on record.” Subsequently, these went on to surpass “$1 trillion on Aug. 20, marking the shortest amount of time needed to reach that level.”
Tags: $1 trillion, Buy back, Companies, Confidence, Corporate America, Economy, Historic, Record, Share repurchases, Shares, Surpass, U.S.
The Guardian (August 28)
The Atlantic meridional overturning circulation (Amoc) “was already known to be at its weakest in 1,600 years as a result of the climate crisis.” Scientists believe its collapse would be catastrophic, but previous studies showed this was unlikely before 2100. Newer studies, with an extended horizon, are troubling. They “show the tipping point that makes an Amoc shutdown inevitable is likely to be passed within a few decades, but that the collapse itself may not happen until 50 to 100 years later.”
Tags: 2100, Amoc, Atlantic, Catastrophic, Climate crisis, Collapse, Inevitable, Scientists, Shutdown, Tipping point, Weakest
