US companies are optimistic about the year 2018, but now, against the background of trade wars, their profitability has begun to fall. And although the growth in the profitability of the S&P 500 index companies in the third quarter was 22%, the analysts' forecasts for this quarter exceeded only half of the indicator of the first quarter. In recent years, shares have been falling around the world, which is caused by both rising interest rates and a slowdown in yield growth. As reported by Caterpillar, due to US tariffs on steel imports and higher transportation costs, it has lost about $40 million over the past quarters. On Tuesday, its shares fell 8%. According to experts, the growth in company profitability may fall to 9% in the second quarter of 2019.
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
Oil prices dropped on Wednesday as the inventory build in U.S. industry data exceeded expectations, while coronavirus cases continue to surge in the United States, the world’s biggest oil consumer. The American Petroleum Institute reported ...
The dollar fell against its peers in early Asian trade as the debate between the Democrats and Republicans over the U.S. economic stimulus measures weighed on the market. The euro rose to its strongest level in over a year after EU leaders ...