Profits Are Down in America Inc
Share
[aggregation-styles]
The Economist Subscription
The Economist 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.
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.
18 July 2019
RELATED TOPICS:
Casey Schmitt’s 1st Career Grand Slam Powers Giants Past Dodgers in Series Opener
Sports /
5 hours ago
Protests, Parades and Pride: One Week in June 2025 Is Drawing Stark American Fault Lines
Latest /
10 hours ago
Former State House Speaker, Husband Killed in Politically Targeted Shooting
Crime /
10 hours ago
Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty
Sports /
2 hours ago
‘We Will Kill You Dead’: Florida Sheriff’s Stark Warning to Demonstrators
News /
4 hours ago
Casey Schmitt’s 1st Career Grand Slam Powers Giants Past Dodgers in Series Opener
Sports /
5 hours ago
Protests, Parades and Pride: One Week in June 2025 Is Drawing Stark American Fault Lines
Latest /
10 hours ago
Former State House Speaker, Husband Killed in Politically Targeted Shooting
Crime /
10 hours ago
Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty
Sports /
2 hours ago
‘We Will Kill You Dead’: Florida Sheriff’s Stark Warning to Demonstrators
News /
4 hours ago
Casey Schmitt’s 1st Career Grand Slam Powers Giants Past Dodgers in Series Opener
Sports /
5 hours ago
Protests, Parades and Pride: One Week in June 2025 Is Drawing Stark American Fault Lines
Latest /
10 hours ago
Former State House Speaker, Husband Killed in Politically Targeted Shooting
Crime /
10 hours ago
Latest
Videos

National /
2 hours ago
Military Parade Barrels Through Nation’s Capital With Tanks, Troops and 21-Gun Salute

Latest /
2 hours ago
Authorities Still Searching for Suspect in Shooting of 2 Minnesota State Lawmakers

Sports /
2 hours ago
Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty

News /
4 hours ago