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Cash Balance

All articles tagged with #cash balance

finance1 year ago

"Berkshire Hathaway's Record Cash Pile Signals Major Deals Ahead"

Berkshire Hathaway reported record annual profits and fourth-quarter cash balances, leading to questions about the company's ability to find good deals to put the money to work in. With a significant cash balance, there is speculation about the potential for dividends or increased share repurchases, which may become a consideration for the next management team as they navigate the challenge of allocating the company's substantial capital.

via Yahoo Finance|
#berkshire-hathaway#cash-balance#dividends
finance1 year ago

"US Treasury's Q1 Borrowing Plan: $760 Billion Refunding Estimate Revealed"

The US Treasury has lowered its Q1 borrowing estimate to $760 billion from $816 billion last year, with plans to borrow $202 billion in the April-June quarter and maintain a cash balance of $750 billion. The Q4 borrowing of $776 billion ended with a cash balance of $769 billion, $19 billion higher than estimated due to a discount on borrowing. The reduced borrowing estimate has led to a decrease in US 10-year yields, which is expected to benefit bonds and stocks while potentially weighing on the US dollar. The Treasury attributes the adjustment to increased net fiscal flows and a higher cash balance.

via ForexLive|
#borrowing#cash-balance#finance
economy2 years ago

US Treasury Adjusts Q4 Borrowing Estimate, Bond Market on Alert

The U.S. Department of the Treasury has announced its estimates for privately-held net marketable borrowing for the October-December 2023 and January-March 2024 quarters. The borrowing estimate for the October-December quarter is $776 billion, $76 billion lower than previously announced, due to higher receipts and outlays. For the January-March quarter, the borrowing estimate is $816 billion. In the July-September quarter, Treasury borrowed $1.010 trillion and ended with a cash balance of $657 billion. Additional financing details will be released on November 1, 2023.

via Treasury|
#borrowing#cash-balance#economy
economy2 years ago

"Treasury Reveals Projected Borrowing Figures for Market"

The U.S. Department of the Treasury has announced its estimates for privately-held net marketable borrowing for the July-September 2023 and October-December 2023 quarters. In the July-September quarter, the Treasury expects to borrow $1.007 trillion, $274 billion higher than previously announced, due to lower beginning-of-quarter cash balance, higher end-of-quarter cash balance, and projections of lower receipts and higher outlays. For the October-December quarter, the Treasury expects to borrow $852 billion. Additional financing details will be released on August 2, 2023.

via Treasury|
#borrowing#cash-balance#economy
economy2 years ago

Billionaires' Net Worth Exceeds US Cash Reserves.

The cash balance at the Treasury Department has fallen to $38.8 billion, which is lower than the net worth of more than two dozen of the wealthiest people in the world, including Bernard Arnault, Elon Musk, Jeff Bezos, Bill Gates, and Larry Ellison. The Treasury Department is now closer to running out of cash to pay its bills as the United States' cash balance continues to decline.

via The New York Times|
#billionaires#cash-balance#economy
finance2 years ago

Treasury to Issue $170 Billion in T-Bills Ahead of X-Date Deadline

The Treasury Department plans to issue $170 billion in T-bills around the X-date, which is when the government is expected to run out of cash unless lawmakers raise the debt ceiling. The auctions will settle on June 1, the same day the government's cash balance is expected to dip below $50 billion. If the Treasury's cash runs out before a settled agreement, the US would enter a default, fueling an unprecedented economic crisis that could initiate a global recession.

via Markets Insider|
#cash-balance#debt-ceiling#default
finance2 years ago

The Elusive Debt Ceiling 'X-Date': Why It's Hard to Pinpoint.

The US Treasury's announcement of T-bill auctions for next week has led some market participants to believe that the debt ceiling's "X-date" may not be June 1, as previously thought. Despite Treasury Secretary Janet Yellen's warnings, most Wall Street firms estimate that the government will run out of room under its extraordinary measures between June 6 and June 9. Talks between the Biden administration and Republicans in the US House of Representatives have shown progress, with the two sides just $70 billion apart on a total figure that would be well over $1 trillion.

via Yahoo Finance|
#cash-balance#debt-ceiling#finance
finance2 years ago

US Default Risk Assessed Through Tax Day Revenue.

The US Treasury's tax receipts this week will give a clearer idea of how much cash it will have on hand as it approaches the limits imposed by the $31.4 trillion cap that will prevent it from borrowing. The estimates for the so-called drop-dead date are wide, but investors and officials are hoping they will have a better idea soon. The narrowing window for negotiations is likely to become an increased focus for lawmakers in the coming weeks.

via Yahoo News|
#cash-balance#debt-ceiling#default