Rising Rates Make Big Companies Even Richer

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The amount companies earn from cash in the bank is going up even as interest costs fixed during the pandemic stand stillMicrosoft paid exactly the same interest, almost $500 million, in the latest quarter as a year earlier, but it earned substantially more on its cash and short-term investments.

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Jersey City bus company tells state: We couldn’t survive pandemic or rising insurance ratesA&C Bus Corp. was faced with about $1 million in insurance costs that it was unable to pay for, causing it to shut down by this October.
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