From Andrew Bary's "Cash-Rich Berkshire Hathaway, Apple and Alphabet Should Gain From Higher Rates" posted Friday:
With its enormous cash reserves now earning next to nothing, Berkshire Hathaway could be one of the bigger corporate beneficiaries of the Federal Reserve’s expected moves to raise short-term interest rates to about 2% by year-end.
The company’s earnings in 2023 could rise about 8% simply from the higher yields on its cash, Barron’s estimates.
Other big companies that should gain are cash-rich Apple (ticker: AAPL) and Alphabet (GOOGL). Apple had $203 billion of cash and equivalents at year-end 2021, and Alphabet was sitting on $139 billion.
Apple could be earning $4 billion more on its cash by 2023 and Alphabet nearly $3 billion. Higher interest income could boost Apple’s net income by about 3% next year, and Alphabet’s earnings may get a 4% lift.
My take: Silver lining.