U.S. corporate growth expectations for the second quarter of 2022 are beginning to show signs of decline as the cost of energy, goods, and interest rates continue to rise, say economists. With companies reviewing data from their first quarter earnings reports, analysts at the end of last week lowered their overall forecast for S&P 500…
US Corporate Earnings Forecasts Weaken As Companies Review Inflation Risks
China Evergrande’s Debt Crisis Piles Pressure on Suppliers Who Issue Spate of Profit Warnings
The debt crisis of Evergrande Group and other property developers in China has jeopardized their supply partners, as a growing number of Chinese construction and interior design companies write off assets or report profit warnings. Beijing Jiayu Door, Window, and Curtain Wall Co. projected a loss of as much as 1.4 billion yuan (about $220…
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