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How Corporate America Will Spend $3.7 Trillion In 2024
Cash! You have some. Now what do you do with it?
If you're a household, you spend it on -- I don't know, what do "normal" people buy? -- paper towels, Fritos, Gap khakis and Starbucks maybe.
If you're a corporate, you spend it on improving the lives of your workers first and everything else later. I'm just joking. This is shareholder capitalism. And this is 2024. Which means you spend it on buybacks and AI. Or AI and buybacks.
The figure below shows S&P 500 companies have rebuilt cash pil
