Corporate profits

U.S. Q4 GDP revised up to 1.4%, but corporate profits fall

WASHINGTON—The slowdown in the fourth quarter was less pronounced than expected, but corporate profits have plummetedshowing that the economy entered 2016 on an uneven footing. Gross domestic product, the broadest measure of goods and services produced in the entire economy, grew at a seasonally-adjusted annual rate of 1.4% in the fourth quarter, the Commerce Department […]

Corporate profits

Corporate profits fall in 2015 for the first time since the Great Recession

WASHINGTON (MarketWatch) – Corporate profits fell 3.2% in 2015 to mark the first drop since the Great Recession, adding further weight to a slow-growing U.S. economy. American businesses have been squeezed by falling exports, cheaper imports and continued caution from cost-conscious consumers. Firms also incurred higher labor costs. Adjusted pre-tax profits fell 7.8% in the […]