July 27, 2022 | Daily Business Review
Corporate America Embraces Short-Term IOUs as Free Money EndsThe total amount of these IOUs outstanding has mushroomed to nearly $1.2 trillion this year, up more than 20% from its lows in 2020, with computing giant Apple Inc. and pipeline-owner Kinder Morgan Inc. among those that have been dipping more into the market.
By Alexandra Harris, Liz Capo McCormick and Jack Pitcher
6 minute read
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