Apple stock rallies after record-setting $110B stock buyback, largest in US history
Shares of Apple climbed in premarket trading after the iPhone maker announced a record-setting buyback program on the heels of second-quarter earnings topped Wall Street’s estimates. Apple announced Thursday that its board authorized $110 billion in share repurchases, a 22% increase over last year’s $90 billion authorization, Bloomberg earlier reported. The move marks the largest...