reinvest

"There was no rule that you had to reinvest your earnings, but I suppose we were just too weak to resist. They just pumped up our dreams… until we lost all self-control, all critical judgment."

To avoid depleting their own free cash flows — the money available to reinvest back into the business or distribute to shareholders — the hyperscalers are looking for novel ways to finance their data-center build-outs.

In the case of covered-call ETFs, it doesn’t really make sense to reinvest.

Doustdar, the new CEO, was only appointed in August and immediately organized a major restructuring of the business with the shedding of 9,000 jobs “to streamline operations and reinvest for growth.”

In addition to no longer letting $5 billion a month of Treasury securities run off at maturity, it will reinvest principal payments on agency mortgage securities into T-bills.