American companies are draining their cash at the dumbest possible time

View in Browser June 28, 2023 Dow 33,852.66 0.22% S&P 500 4,376.86 0.04% NASDAQ 13,591.75 0.27% Last updated June 28 at 4:58 PM ET     American companies are draining their cash at the dumbest possible time Companies are sitting on a lot less cash than they were last year, largely because they're spending it on share buybacks and corporate dividends.    Read full article   India's stock market is hitting record highs. Here's why India's stock market is booming as investors take a chance on one of the few bright spots in a fragile global economy.    Read full article   Costco is cracking down on sharing membership cards Since Costco has expanded self-checkout, the company has noticed that non-members have been sneaking in to use membership cards that don't belong to them.    Read full article   Shein sent American influencers to China. Social media users are furious A group of American fashion influencers and creators has received online backlash after they visited a model factory in China as part of a tour sponsored by Shein, an internet shopping giant, and posted glowing reviews.    Read full article   Why airline delays and cancellations are so bad: It's not just the weather Hundreds of thousands of US airline customers were stranded this week as severe weather grounded planes and led to canceled flights. But storms were only one factor behind the travel nightmare. Staffing shortages, at both US airlines and the Federal Aviation Administration's air traffic control operations, took a bad situation and made it worse.    Read full article   Fraudsters likely stole over $200 billion in Covid relief aid, watchdog says The Small Business Administration distributed more than $200 billion in potentially fraudulent Covid-19 relief funds, according to a federal watchdog.    Read full article   Today's movers NERV 10.19 69.27% Minerva Neurosciences Inc JOBY 8.96 40.22% Joby Aviation, Inc. KLR 6.69 39.38% Kaleyra Inc AREB 3.55 35.45% American Rebel Holdings, Inc. GNUS 2.15 34.85% Kartoon Studios, Inc. MEDS 10.75 27.56% TRxADE HEALTH, Inc. Last updated June 28 at 4:10 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303