HE PROFITS cranked out by American businesses make them look indestructible. Despite a pandemic and savage slump in 2020, the net income of large American firms for the third quarter of this year is expected to exceed $400bn. Yet as the earnings season gets into full swing three worries are circulating: supply-chain tangles, inflation and wages, and concerns that competition is intensifying in some industries.
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This article appeared in the Business section of the print edition under the headline “America Inc’s earning”