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July 15, 2019

Strong profit growth goes poof for U.S. companies

  • Analysts say the sputtering out may last most of this year, as the tax-cut jolt wears off and worries about the trade war linger.
    • By STAN CHOE
    AP Business Writer

    NEW YORK — Well, that de-escalated quickly.

    Profits surged for U.S. businesses last year, with growth topping 20% for S&P 500 companies in much of 2018. But the gusher got capped at the start of 2019, and analysts say the sputtering out may last most of this year, as the tax-cut jolt wears off and worries about the trade war linger.


     
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