Rising Rates Make Big Companies Even Richer

📆 9/15/2023 12:12 AM
📰 WSJ

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The Fed raised interest rates to slow the economy—but at some big companies, the moves had the opposite effect, boosting profits and spending power.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: njdotcom - 🏆 282. / 63 Read more »