Cash-rich Apple to earn $4 billion more on its cash by 2023 thanks to higher interest rates

MacDailyNews
Mar 18, 2022, 4:01 pm458 pts
With its enormous cash reserves now earning next to nothing, Apple could be one of the bigger corporate beneficiaries of the Federal Reserve’s expected moves to raise short-term interest rates to about 2% by year-end. Andrew Bary for Barron’s: [Berkshire Hathaway’s] earnings in 2023 could rise about 8% simply…

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