Cash

Charities Forced to Adjust as Canadians Turn Away from Cash

According to a new report from MoneySense, charities in Canada are being forced to adjust as Canadians start turning away from cash, in favour of other card-based payment methods. This will fundamentally chance how charities like the Salvation Army collects donations each December before Christmas. Will the presence of the Salvation Army kettles and the sound...

Apple and Microsoft Have More Cash Reserves than the UK Treasury

According to a report published by The Telegraph, Apple and Microsoft both have bigger piles of cash than the UK Treasury. The data, compiled by the US Trust, shows that a number of U.S. based companies have more money to spend than the UK does, with Apple holding the largest cash reserves at £95 billion, far greater than...

Apple Leads U.S. Companies Holding a Total of $1.64 Trillion in Cash

According to a new report by Bloomberg, U.S. companies outside of the finance industry are holding a record cash of $1.64 trillion, with Apple sitting at the top of the list whose cash pile surged to $158.8 billion at the end of 2013. The Cupertino giant now holds 9.7% of total corporate cash outside the financial industry,...