Please ensure Javascript is enabled for purposes of website accessibility
Profits Are Down in America Inc
News
By News
Published 6 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

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Rise of the Anti-“Woke” Democrat

Trump Says Netanyahu’s Trial Should Be Canceled

2 hours ago

St. Agnes’ New Chief Medical Officer Is a Kidney Care Expert

2 hours ago

4 Million Acres of California Forests Could Lose Protection. What Trump’s ‘Roadless Rule’ Repeal Could Do

This story was originally published by CalMatters. Sign up for their newsletters. The Trump administration’s plan to repeal a rule prohibiti...

1 hour ago

Tahoe National Forest
1 hour ago

4 Million Acres of California Forests Could Lose Protection. What Trump’s ‘Roadless Rule’ Repeal Could Do

Palestinians gather to receive aid supplies in Beit Lahia, in the northern Gaza Strip, June 17, 2025. REUTERS/Stringer/File Photo
2 hours ago

Israeli Settlers Raid West Bank Town, Troops Kill 3 Palestinians

West Nile virus mosquito
2 hours ago

West Nile Virus Detected in Mosquitoes in Fresno County

President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu in the Oval Office at the White House in Washington, U.S., April 7, 2025. (Reuters File)
2 hours ago

Trump Says Netanyahu’s Trial Should Be Canceled

2 hours ago

St. Agnes’ New Chief Medical Officer Is a Kidney Care Expert

A U.S. Border Patrol vehicle patrols along the border wall, following the establishment of a 260-mile military zone along the southern U.S. border in New Mexico and Texas as part of the Trump administration's crackdown on immigration, in Sunland Park, New Mexico, U.S., May 20, 2025. (Reuters File)
3 hours ago

US Military to Create Two New Border Zones, Officials Say

Oil tankers pass through the Strait of Hormuz, December 21, 2018. (Reuters File)
3 hours ago

Trump Signals US May Ease Iran Oil Sanction Enforcement to Help Rebuild Country

CIA Director John Ratcliffe speaks during an interview at the White House in Washington, D.C., U.S., April 30, 2025. (Reuters File)
4 hours ago

CIA Says Intelligence Indicates Iran’s Nuclear Program Severely Damaged

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

Search

Send this to a friend