Business
fromThe Atlantic
34 minutes agoWhat's Going on With This Stock Market?
The stock market is rising despite economic pessimism due to soaring corporate profits, particularly among major tech companies.
Altria reported Q1 2026 recently, delivering adjusted diluted EPS of $1.32 versus the $1.24 consensus, a 5.92% beat and the fourth consecutive quarter topping estimates. Revenue of $5.43 billion grew 20.1% YoY, helped by 610 million contract-manufactured export sticks.
"We see that beginning in late 2022, low-income households consistently faced higher inflation than middle- and high-income households did. Specifically, the lowest-income households have experienced inflation above the national average, restraining their spending."