Tariff refunds boost quarterly earnings for some of biggest US companies

Tariff refunds are showing up on Wall Street. The latest quarter spanned the Trump administration handing back the bulk of the $100 billion returned so far. It’s providing many companies a boost as they report their earnings.

Tariff refunds are showing up on Wall Street. The latest quarter spanned the Trump administration handing back the bulk of the $100 billion returned so far. It’s providing many companies a boost as they report their earnings.  Amazon reported receiving $600 million. Apple said tariff refunds added $0.11 in diluted earnings per share for the quarter. PepsiCo told investors...