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Companies Are Hoarding Record Cash Amid Delta Fears
Summary:Companies are sitting on a record amount of cash amid lingering uncertainty about disruptions from Covid-19, defying expectations earlier this year that a waning pandemic would unleash a spending spree. Cash and short-term investments on corporate balance sheets globally are at an all-time high of $6.84 trillion. But global capital expenditures are expected to slow in the third quarter after a strong start to the year.
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