Amid Iran War, Companies Look to Extend a Record Profit Run by Raising Prices
The New York Times • • world
Key Points:
- American businesses have significantly increased their profits since the start of the 2020s, despite challenges like the pandemic, tariffs, inflation, and global conflicts.
- Corporate profits now represent a record share of the U.S. economy, with profit margins near historic highs, reflecting effective risk management by companies.
- Johnson & Johnson reported strong earnings and raised its full-year forecast, noting ongoing macroeconomic uncertainties but no current business impact.
- Bank of America also saw a substantial rise in quarterly profits, driven in part by robust consumer spending, signaling economic resilience.
