July 26, 2021

Cash disappearing on S&P 500 balance sheets pinches buybacks

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From Newsmax Little by little, the corporate cushion is shrinking. Pressured by a year-and-a-half of weakening profits and splurges on buybacks and dividends, the once-towering piles of money at American companies have started to topple. Cash and equivalents slipped to a median $860 million at S&P 500 Index members last quarter, touching levels not seen […]