Tariff refunds boost quarterly earnings for some of biggest US companies

Tariff refunds are showing up on Wall Street.  The latest quarter spanned the Trump administration handing back the bulk of the $100 billion returned so far. It’s providing many companies a boost as they report their earnings.  Amazon reported receiving $600 million. Apple said tariff refunds added $0.11 in diluted ear

Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won't receive anything from the latter. In its latest financial results, Nintendo reports that operating profits soared to 142.5 billion yen (about $902 milli

Disney’s Josh D’Amaro stepped out with solid numbers and some news in his first full quarter as CEO. Toy Story 5 drove studio revenue, theme parks saw an uptick in attendance, and streaming profits more than doubled for the three months ended in June. Total operating income for Disney’s fiscal third quarter jumped 21%

“The story that it is bringing back manufacturing is really not the story,” economist Mary Lovely warned. “Manufacturing is not coming back.”