Apple

(Time) According to the U.S. Treasury, Uncle Sam closed the day of business on July 27 with $73.768 billion in total operating balance (TOB). In effect, TOB means the amount of money the government can spend before it bumps up against the debt ceiling. Apple, on the other hand, reported in its June earnings statement that it has $76.156 billion in cash and securities. It’s been a good week for Apple, which is now the biggest smartphone vendor in the world, with 18% market share, according to a new report from Strategy Analytics. Click here to read more.

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