Wall Street is bracing for large U.S. companies to report a decline in quarterly...
NEW YORK - Wall Street is bracing for large U.S. companies to report a decline in quarterly profits even after raking in higher revenues, something that has not happened in more than a decade.
“Companies are experiencing rising input costs as well as increases in labor costs from modestly rising wages,” said Kristina Hooper, chief global market strategist at Invesco in New York. Stocks have bounced back from a late-2018 selloff on optimism that the United State could seal a trade deal with China and expectations the Federal Reserve would not raise interest rates again any time soon.
Projected sales growth through the rest of the year may also help investors look through any first-quarter margin dips. Warning signs are coming from technology companies, with semiconductors, which have a large revenue exposure to China, seen among the most sensitive to the trade conflict.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pinterest gets its first recommendation from Wall Street before it goes publicPinterest has already earned a recommendation from Wall Street and it's not even listed on public exchanges yet.
Read more »
Warren Buffett on search for Wells Fargo CEO: 'They shouldn't come from JP Morgan or Goldman Sachs'Buffett warned that candidates from Wall Street would draw too much scrutiny from Congress.
Read more »
70% of Wall Street thinks Trump will be reelected in 2020A new poll of Wall Street insiders shows that a vast majority expect President Donald Trump to win reelection in 2020.
Read more »
Gender pay gaps persist at Wall Street banks in the UKOf the big four Wall Street banks, Bank of America Merrill Lynch and Wells Fargo were the only two to report improvements in both the median hourly and median bonus pay gaps in 2018.
Read more »
Widely followed Wall Street short seller says Boeing is 'putting short-term profit above all else'Carson Block's firm believes that recent Boeing crashes show that the company is more concerned with short-term profit than anything else.
Read more »
Asia stocks set to open tepid following muted finish on Wall StreetStocks in Asia were set to see a tepid open following an overnight session that saw a muted finish for shares on Wall Street.
Read more »
Wall Street falls as trade, global growth concerns resurfaceU.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on E...
Read more »
Wall Street opens higher on March jobs data, trade hopesU.S. stocks opened modestly higher on Friday as employment growth in March accel...
Read more »
CORRECTED-U.S. bank execs say Wall Street has reformed, though crisis scars lingerThe U.S. economy is strong and Wall Street has reformed practices that contributed to the financial crisis a decade ago, chief executives of some of the largest U.S. banks said in prepared testimony released by the House Financial Services Committee late on Monday. 'Confidence in U.S. financial
Read more »
JPMorgan Is Hiring For More Blockchain Jobs Than Any Other Wall Street FirmJPMorgan Chase was the only financial firm in the top 10 companies posting jobs with the words “blockchain,” “cryptocurrency,” or “bitcoin” over the past year
Read more »