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Coronavirus Shows Cash Is King, Even for Biggest U.S. Companies

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The pandemic is hitting nearly every business, but not all of them were equally prepared for the sudden economic slowdown

After a decadelong U.S. economic expansion, not every company has entered this crisis with the same cash cushion. Apple Inc.

ended the year with $247 billion in cash, securities and account receivables, enough to run its operations for more than a year even if it didn’t cut costs or sell a single iPhone. Discount retailer Dollar...

 

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GovAbbott Texas is closing out-patient clinics. Ordering a cease and desist order on out-patient services. People have other illnesses and diseases other than COVID19. Knew of someone who had pulmonary embolus. Needed treatment ASAP. There are other illnesses!

Perhaps it was a good idea after all that many corporations were staying very cash heavy.

Socialism for well-connected, overpriveleged sociopaths. 'Bootstraps' lectures for people who have to work to survive. Capitalism. Enjoy stimulusbill GeneralStrike

Maybe they should pull themselves up by their bootstraps then instead of waiting for handouts.

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