Investors circle largest corporate cash hoard ever in US
4 years, 1 month ago

Investors circle largest corporate cash hoard ever in US

Live Mint  

U.S. companies are sitting on the largest pile of cash ever. Cash holdings at nonfinancial companies grew to a record $2.1 trillion at the end of June, according to a report from Moody’s Investors Service. View Full Image Cash holdings Other measures show some of America’s largest companies continued to hang on to record cash stockpiles at the end of the third quarter. As of Nov. 30, U.S. companies had sold more than $2 trillion of investment-grade and high-yield bonds—the most on record in data going back to 2006—according to LCD, a unit of S&P Global Market Intelligence. “Next year, the expectations are for no meaningful corporate bond issuance because companies are sitting on huge cash buffers that are no longer needed," said Ralf Preusser, rates strategist at BofA.

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Corporate America’s mountain of cash is shrinking
5 years, 6 months ago

Corporate America’s mountain of cash is shrinking

CNN  

New York CNN Business — Corporate America’s cash-hoarding ways may finally be ending. The decline — the first since Moody’s began tracking the figures in 2007 — reflects a major shift driven by the 2017 tax overhaul, strong economic growth and mega share buybacks. “With improved access to global cash following the tax overhaul, we expect aggregate cash balances will …

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