Corporate Cash Mountain Grows Makes Apple World’s Largest Hedge FundRupert Hargreaves
According to analysis by credit rating agency Moody's, cash and liquid investments at US non-financial companies are poised to rise about 5% to $1.9 trillion at the end of 2017 -- a new record.
This cash pile is concentrated with five key holders, which together will own 35% (Apple will account for 15%) of the total, up from 32% at the end of 2016. Apple, Microsoft, Google parent Alphabet, Cisco Systems and Oracle are on track . . .
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