So far, global earnings are just good enough to feel disappointing
Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China’s economy hurt global consumer sentiment, taking the shine off earnings growth in the latest quarter. A number of high-profile companies have underwhelmed investors, including McDonald’s, automakers Nissan and Tesla, and consumer giants Nestle and Diageo. With roughly 40%…
Read More “So far, global earnings are just good enough to feel disappointing” »