Slowing Sales and Weaker Margins Flag Challenging Times Ahead for Companies as Economy Slows
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Slowing sales, weaker profit margins suggest challenging business environment as economy slows, according to NABE survey.
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More participants report falling sales, declining profit margins - can be headwinds for companies.
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Tesla recently reported slowing sales, falling margins - "mini disaster" for stock according to analyst.
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CEO Elon Musk warns higher interest rates increase effective price of cars, require Tesla to cut prices.
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Majority of NABE participants see 50% or less chance of recession, though higher rates cited as top downside risk.