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After Raising Prices Sharply, Corporate Profits Get Squeezed As Inflation Eases

An unsold 2023 Model X sports-utility vehicle sits outside a Tesla dealership Sunday, June 18, 2023, in Littleton, Colo. After enjoying a strong run where they could keep raising prices to boost their profits, companies are now stuck in a vise. On one end, revenue is under pressure as the global economy remains fragile. On the other, companies are having to pay higher wages for workers, among other costs. Caught in the middle are corporate profit margins, which measure how much profit companies make on each $1 of revenue. AP file photo

NEW YORK — The squeeze is on for profits at big companies. After enjoying a strong run where they could keep raising prices to boost…

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