homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

June 2, 2023

Recession ahead? By this metric, one’s here now

By DAMIAN J. TROISE
AP Business Writer

NEW YORK — The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety.

Companies are in the midst of an “earnings recession,” meaning profits have contracted for two straight quarters, starting with a 4.6% drop at the end of 2022.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.