President Donald Trump reminded Fox News’ Tucker Carlson last night that he aims to bring taxes “way down” on businesses, from 35 percent to 15 percent. But a lot of companies don’t pay 35 percent, because they take deductions and…
The corporate earnings reports are flooding in this morning, with companies like Southwest Airlines and Verizon telling us how they did in the first part of this year. In recent quarters, companies have padded their profits by cutting costs.
With some tough economic news in the last week or so with the jobs report, and today some evidence of a slowdown in China, Wall Street is anticipating modest reports from corporations.
Corporate earnings season is kicking off. Corporate profits have been the engine behind the stock market's recent rally, but there's worry on Wall Street that earnings are losing momentum.