Reported about 7 hours ago
Corporate America is currently fixated on tariffs as recent updates on President Trump's tariff plans have led to a surge in mentions during earnings calls, soaring to 384 mentions in a three-month period ending March 5, a record high. The tariffs impact various sectors, especially Industrials and Consumer Discretionary, raising costs for companies. As the market reacts, firms like Best Buy and Target are warning of significant profit pressures, while analysts predict tariffs may hinder overall earnings growth for the S&P 500 this year.
Source: YAHOO