US companies holding $2T in cash on their balance sheets and not hiring!
Source: New York Post
Huge balances
Here are the top 20 ranked cash positions for S&P 500 firms.
Top 20 Firms with cash
1. Citigroup $526B
2. JPMorgan Chase $414B
3. Wells Fargo $112B
4. General Electric $82B
5. Microsoft $53B
6. Google $39B
7. Oracle $29B
8. Apple $28B
9. Johnson & Johnson $27B
10. Pfizer $24B
11. Chevron $18B
12. Coca-Cola $14B
13. Intel $12B
14. IBM $12B
15. Exxon Mobil $10B
16. Walmart $9B
17. Schlumberger $5B
18. AT&T $4B
19. Procter & Gamble $3B
20. Philip Morris $2B
Source: S&P
TOTAL: $1.4T
Read more: http://www.nypost.com/p/news/business/hoarding_cash_Yzfk2c8aK1wAPrZCRdEVnJ#ixzz1UMzfSTJa