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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=re())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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tariffs dramatically changed, according to the report, published Thursday. It also reflects factors including wage increases and energy prices, and rising capital expenditure, particularly in AI infrastructure, S&P added.S&P estimates $53 trillion in company expenses for this year, revising its January 1 forecast. The report’s analysis pulled from forecasts from more than 15,000 analysts following roughly 9,000 public companies, which represent $111 trillion of the $130 trillion global equity market, or some 85%.“Global corporate margin expectations have contracted sharply” by about 0.64%, or $907 billion in lost profit among firms covered by sell-side analysts, the report said. This “wedge” is roughly made up of an increase of $600 billion in revenue forecasts and a $300 billion fall in earnings estimates.Sell-side analysts cover the largest global retailers like Walmart, Amazon and Costco Wholesalers. Of the estimated $907 billion lost, roughly two-thirds, or $592 billion, is being passed to consumers via higher prices.“One-third ($315 billion) is absorbed internally through lower earnings,” the report said.But “real output” is declining, meaning fewer goods are actually being produced by these companies.The analysis extends beyond the 9,000 public firms to include increased forecasted expenses of about $155 billion for “uncovered public firms” as well as $123 billion for private equity- and venture capital-backed firms. Together, this brings the total incremental cost to $1.2 trillion in 2025, according to the report.Debate still rages over who’s shouldering the brunt of tariff-driven price hikes.Trump-appointed Fed Governor Christopher Waller said in a speech on Thursday effects of tariffs on inflation have been modest and mostly felt by higher-income households, as “the highest-earning 10% account for 22% of personal consumption.” Spending data indicate little to no inflationary effect “down the income scale,” and any price pressures have not significantly eroded the purchasing power of less affluent households, Waller added.But analysts from TS Lombard argue the economic fallout from tariffs is starkly divided by income, saying the wealthy are largely insulated and continue strong discretionary spending, while lower- and middle-income households bear most of the hardship. TS Lombard’s Dario Perkins described the situation as “the rich are having a party, and the poor are having a recession.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,664.01 +34.94 (+0.53%)Dow 3046,190.61 +238.37 (+0.52%)Nasdaq22,679.98 +117.44 (+0.52%)Russell 20002,452.17 -14.84 (-0.60%)VIX20.78 -4.53 (-17.90%)Gold4,213.30 -91.30 (-2.12%)PortfolioSign in to access your portfolioSign inTop gainersLBRT Liberty Energy Inc. 15.32 +3.38 (+28.31%)IRON Disc Medicine, Inc. 89.94 +15.58 (+20.95%)PRAX Praxis Precision Medicines, Inc. 189.99 +27.28 (+16.77%)RVMD Revolution Medicines, Inc. 54.10 +4.42 (+8.90%)KVUE Kenvue Inc. 15.29 +1.18 (+8.36%)Top losersHIMS Hims & Hers Health, Inc. 49.78 -9.37 (-15.84%)RSI Rush Street Interactive, Inc. 17.30 -2.99 (-14.74%)SBSW Sibanye Stillwater Limited 11.38 -1.44 (-11.23%)DGNX Diginex Limited 14.80 -1.87 (-11.22%)EXK Endeavour Silver Corp. 9.06 -1.09 (-10.74%)Most activeBITF Bitfarms Ltd. 5.01 -0.27 (-5.11%)NVDA NVIDIA Corporation 183.22 +1.41 (+0.78%)BBAI BigBear.ai Holdings, Inc. 7.42 -0.28 (-3.64%)INTC Intel Corporation 37.01 +0.17 (+0.46%)RGTI Rigetti Computing, Inc. 46.38 -1.59 (-3.31%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 107,821.50 +628.68 (+0.59%)ETH-USD Ethereum USD 3,925.82 +43.20 (+1.11%)XRP-USD XRP USD 2.38 -0.00 (-0.17%)SOL-USD Solana USD 189.11 +2.94 (+1.58%)BTC-EUR Bitcoin EUR 92,487.13 +539.27 (+0.59%)Top economic events