Please ensure Javascript is enabled for purposes of website accessibility
Profits Are Down in America Inc
News
By News
Published 5 years ago on
July 18, 2019

Share

[aggregation-styles]

Subscription

It’s not that bad,” remarked Jamie Dimon, boss of JP Morgan Chase, of the global economy on July 16th. But, Wall Street’s favourite banker had to concede, business sentiment “is a little bit worse”. Prospects for American companies have indeed dimmed. Analysts expect earnings of the biggest among them, which have just begun reporting their latest set of results, to have declined in the second quarter.
This would mark two consecutive quarters of falling profits, the first such “earnings recession” since 2016. Coming just as the current economic expansion makes history as America’s longest ever, it raises the prospect of a long boom running out of steam. Bosses are getting twitchy.

Read More →

RELATED TOPICS:

DON'T MISS

Chargers Focus on Avoiding a Letdown in Matchup with Patriots

DON'T MISS

Lions Head Into NFC Title Game Rematch vs. 49ers Seeking Top Seed

DON'T MISS

Gavin Newsom Faces National Spotlight: 2024 Year in Review

DON'T MISS

Azerbaijani Minister Says Plane That Crashed Was Hit From the Outside, Possibly by a Weapon

DON'T MISS

China Sanctions 7 Companies Over US Military Assistance to Taiwan

DON'T MISS

Robert F. Kennedy Jr. Wants to Ban Drug Ads on TV. It Wouldn’t Be Easy.

DON'T MISS

Man Indicted in Burning Death of Woman Inside a New York City Subway Train, Prosecutors Say

DON'T MISS

What Sacramento Still Doesn’t Get About UC Merced

DON'T MISS

Most Americans Blame Insurance Profits and Denials Alongside the Killer in UHC CEO Death, Poll Finds

DON'T MISS

Stock Market Today: Wall Street Slips as Technology Stocks Drag on Market

UP NEXT

Rise of the Anti-“Woke” Democrat

UP NEXT

High-Level Saudi Visit Follows Multimillion-Dollar Foreign Influence Operation

UP NEXT

Iran and Russia Move to Fill Diplomatic Vacuum in Afghanistan

UP NEXT

Pelosi’s Husband Locked In $5.3 Million From Alphabet Options

UP NEXT

Experts Reportedly See Major Damage in Attack on Iran Centrifuge Plant

UP NEXT

Opinion: School Choice Marches Ahead

UP NEXT

Zakaria: Americans Care About History Because the Stakes Are High

UP NEXT

California Democrats Are Reliably Pro-Labor. But One Union Is Testing Their Patience.

UP NEXT

The Tightrope Walk Democrats Have Ahead on Two Separate Infrastructure Bills

UP NEXT

Bill Barr on Trump’s Election Fraud Claims: “It Was All Bullsh*t”

Azerbaijani Minister Says Plane That Crashed Was Hit From the Outside, Possibly by a Weapon

22 minutes ago

China Sanctions 7 Companies Over US Military Assistance to Taiwan

27 minutes ago

Robert F. Kennedy Jr. Wants to Ban Drug Ads on TV. It Wouldn’t Be Easy.

29 minutes ago

Man Indicted in Burning Death of Woman Inside a New York City Subway Train, Prosecutors Say

30 minutes ago

What Sacramento Still Doesn’t Get About UC Merced

31 minutes ago

Most Americans Blame Insurance Profits and Denials Alongside the Killer in UHC CEO Death, Poll Finds

34 minutes ago

Stock Market Today: Wall Street Slips as Technology Stocks Drag on Market

39 minutes ago

New 2025 Laws Hit Hot Topics From AI in Movies to Rapid-Fire Guns

42 minutes ago

Israeli Military Forces Patients and Staff to Leave Hospital in Northern Gaza

42 minutes ago

‘Morrison Hotel’ Made Famous by The Doors Goes Up in Flames in LA

46 minutes ago

Chargers Focus on Avoiding a Letdown in Matchup with Patriots

FOXBOROUGH — If Los Angeles Chargers coach Jim Harbaugh has given any thought to the possibility of clinching a playoff berth in his first s...

1 minute ago

1 minute ago

Chargers Focus on Avoiding a Letdown in Matchup with Patriots

4 minutes ago

Lions Head Into NFC Title Game Rematch vs. 49ers Seeking Top Seed

18 minutes ago

Gavin Newsom Faces National Spotlight: 2024 Year in Review

22 minutes ago

Azerbaijani Minister Says Plane That Crashed Was Hit From the Outside, Possibly by a Weapon

27 minutes ago

China Sanctions 7 Companies Over US Military Assistance to Taiwan

Robert F. Kennedy Jr. arrives at the Capitol in Washington on Tuesday, Dec. 17, 2024. Robert F. Kennedy Jr., President-elect Donald Trump’s choice for health secretary, is a longtime critic of pharmaceutical advertising on TV, arguing that it leads broadcasters to more favorable coverage of the industry and does not improve Americans’ health. (Kenny Holston/The New York Times)
29 minutes ago

Robert F. Kennedy Jr. Wants to Ban Drug Ads on TV. It Wouldn’t Be Easy.

30 minutes ago

Man Indicted in Burning Death of Woman Inside a New York City Subway Train, Prosecutors Say

31 minutes ago

What Sacramento Still Doesn’t Get About UC Merced

Help continue the work that gets you the news that matters most.

Search

Send this to a friend