Strong Dollar Still Rattles U.S. Multinational Corporate Earnings

hasn’t yet provided much respite to large U.S. multinational companies.

Companies in the S&P 500 that derive more than half of their revenue outside the U.S. are on pace to post an 8.7% slide in fourth-quarter earnings, according to FactSet data through Monday. In contrast, companies with most of their sales in the U.S. are poised to record a 3% earnings drop. About 55% of the companies in the index have reported so far.

We want American multinationals to flourish & thrive around the world,in fact American entities are the first transnational corporations,well not really Western man has had it before,but not at this scale nor with the global systems that generate wealth everywhere & in so doing

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks steady, dollar strong as markets reassess rates outlookAsian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies.
Source: Reuters - 🏆 2. / 97 Read more »

Gold Price Forecast: XAU/USD to suffer as strong labour market will keep Fed hawkish – ANZEconomists at ANZ believe Gold will be largely guided by US economic data. A hot job market will keep Fed hawkish, pummeling the yellow metal. Strong
Source: FXStreetNews - 🏆 14. / 72 Read more »