""The consumers are spending, they're spending locally, and we don't see any signs of that weakening at this point," said Uber CEO Dara Khosrowshahi after a 25% rise in bookings."
""Both the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises are above recent averages," according to FactSet."
""This is one of the best earnings seasons in 20 years," Deutsche Bank researchers wrote Wednesday, highlighting the strong performance across sectors."
""The collapse of Spirit Airlines after jet fuel prices spiked illustrates how much damage the Iran war could yet cause to the economy," indicating ongoing economic vulnerabilities."
Corporate earnings are performing well, with 84% of S&P 500 companies surpassing earnings estimates, significantly above the 5-year average. Notable winners include Uber, Disney, CVS Health, and Novo Nordisk, all reporting positive results. However, challenges persist, particularly in the airline industry due to rising operating costs and specific struggles faced by companies like Restaurant Brands International. Despite strong earnings, corporate performance does not directly correlate with overall economic health.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]