Reported about 9 hours ago
As the third quarter earnings season begins, Torsten Sløk, chief economist at Apollo Global Management, highlights a split outlook for US consumers. While high-income households are thriving due to asset ownership and cash flow, low-income families struggle with rising debt and dwindling savings. Sløk also points out that Corporate America remains strong, benefitting from various economic policies and technological advancements.
Source: YAHOO