As the 2024 presidential election nears, more corporate leaders are choosing not to comment on hot-button issues. Yahoo Finance Senior Columnist Rick Newman joins Catalysts to explain why Corporate America may be choosing to sit this election out.
While Biden and Trump have vastly different policies, corporations historically have played both sides in elections. "They will give more or less equally to both parties because they want to make sure they have friends in high places no matter who wins," Newman explains, anticipating corporate donations to be "robust" during this election year.
As the war in Gaza escalates, Newman says companies "just can’t win by taking a stand, so they just want to be as neutral as possible."
He adds that corporate borrowing is rising as companies expect more volatility in the closing months of the election season.
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