As earnings season crashes upon us, it's become glaringly apparent that corporations are sitting on record piles of cash, reluctant to invest in their businesses or hire new workers in an uncertain economic outlook. At present, cash balances have swelled by 14% and are on track toward $1.5T for companies in the Standard & Poor's 500, which, if attained, would be a historic high.
As earnings season crashes upon us, it's become glaringly apparent that corporations are sitting...
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