Economics
Corporate America Feels Downdraft While Recovery Lifts Households
Shoppers in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Corporate America’s pain is U.S. consumers’ gain.
Company profits -- and their shares -- have been sideswiped by tumbling energy prices, a strengthening dollar and rising labor costs. Those same forces are lifting consumers’ spirits as they pay less for gasoline at the pump and for imported suits at the mall while reaping the benefits of a tighter jobs market.