A bank run doesn't touch most corporate cash, but big companies from Apple to Microsoft and Tesla are sitting on a lot of money, with potential for losses.
The 2022 results among big companies for managing their cash and investments were all over the mark, for a variety of reasons. Take Amazon's $16.8 billion 2022 non-cash loss, not related to any bad bond bets but a big investment stake in electric truck makerFord had a tough 2022 on the "other income" line of its income statement, losing more than $5 billion, according to the company's annual 10-K filing. Ford, which did not respond to a request for comment, reported a $7.
A few miles away from Amazon in suburban Seattle, Microsoft said its "other income" line was basically break even during the second half of 2022 – the first half of the company's fiscal year. The world's largest software company said it lost $6 million in "other income" during the period.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Pay Later is all about making Apple Pay more convenient: analystsApple Pay Later is more about making Apple Pay more convenient than trying to dominate the 'buy now, pay later' arena, analysts say
Read more »
Microsoft rolls out Edge AI image creator to everyoneMIcrosoft is rolling out its DALL-E-powered AI image generator tool to everyone on the Edge browser's sidebar.
Read more »
Microsoft locks down game emulation on the Xbox Series X and Series STime to switch to the Steam Deck?
Read more »
Will Marvel Comics Go After Microsoft's AI Program, Jarvis?Edwin Jarvis is the Avengers' butler in the Marvel comics, Howard Stark's butler in the MCU played by James D'Arcy, and the name for Tony Stark's artificial intelligence programme, J.A.R.V.I.S. standing for Just Another Really Very Intelligent System that assists him in both his day-to-day life and being Iron Man, played by Paul Bettany. Back […]\n
Read more »
WSJ News Exclusive | Google CEO on AI, the Future of Search, Efficiency and Battling MicrosoftGoogle CEO Sundar Pichai talks to The Wall Street Journal at a pivotal time for the tech company
Read more »