71. He has been buying shares of retailers like Costco Cos., TJX Cos. and Tommy Hilfiger Corp. on the bet that those companies profits may top expectations this year. 72. Higher borrowing costs can slow economic growth and crimp company profits. 73. Higher borrowing costs hurt company profits and can cut shareholder dividends. 74. Higher interest rates can also hurt company profits by increasing the cost of corporate finance and dampening consumer spending. 75. Higher interest rates can hurt company profits by chilling investment and raising the cost of carrying debt. 76. Higher rates can crimp company profits. 77. Higher rates can hurt company profits by increasing the cost of finance and dampening consumer spending. 78. Higher rates can hurt company profits, though, by driving up borrowing costs and stifling consumer buying on credit. 79. Higher rates can make returns on bonds more attractive than shares and can also hit company profits by raising finance costs and damping consumer demand. 80. Higher yields on bonds and steeper interest rates on credit cards damp company profits, and stocks, by slowing investment and spending. |
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