Corporate profits

Corporate profits hit a record as wages are slashed

Corporate profits hit their highest percentage of GDP on record in the third quarter. Just four years after the worst economic shock since the Great Depression, US corporate profits are stronger than ever. Third-quarter corporate profits were $1.75 trillion, up 18.6% from a year ago, according to last week’s gross domestic product report. This boosted […]

Corporate profits

Are corporate profits a bubble ready to burst?

US corporate after-tax profit for the first quarter of 2012 was the highest since 1947 at $1.671 billion. It was also the highest as a percentage of GDP at 10.8%. This article examines whether corporate earnings have peaked and the implications for stock markets. The chart below shows after-tax earnings for US corporations from 1947 […]

Corporate profits

Corporate Excess Profits | Company Applicant

If you were president of a company that has $98 billion (about 4.2 trillion pesos) in cash and securities, what would you recommend your board do with that wealth? Declare a big cash dividend for shareholders? Give employees a bonus equivalent to one year’s salary? Repurchase the company’s shares to increase the value of its […]

Corporate profits

Bringing foreign company profits back to the U.S. isn’t necessarily a job boost

US companies would rather keep offshore profits offshore than face 35%… [+] in corporate income taxes. Should they bring him back? Republicans want another tax holiday. The White House is okay with that, as long as it’s part of long-term corporate tax reform. Letting U.S.-domiciled multinationals take profits overseas at less than the current top […]

Corporate profits

Workers’ wages in pursuit of corporate profits – Out of the ordinary

The 2010 total of 62.1% is nowhere near the record share of 54.5% set in 1929, the first year for which figures are available. But it’s the lowest for any full year since 1965. In the first quarter of 2011, it slipped again, to 61.7%. National income, as calculated by the Commerce Department, is similar […]

Corporate profits

The relationship between corporate profits and US GDP growth appears to have come to an end

by GC Mays The Bureau of Economic Analysis reported that second-quarter GDP grew at a dismal annualized rate of 1.3%. The three quarters leading up to this one have been revised with Q1 GDP growth revised down from an already weak 1.9% to a morbid annual rate of 0.4. click on graphics to enlarge Source: […]

Corporate profits

The share of corporate profits in the pie is the highest in 60 years

WASHINGTON (MarketWatch) – It’s not news that Wall Street is doing much better than Main Street, but we didn’t know how much better it was until the government updated economic statistics dating back to 2008. Here’s the grim report that won’t surprise anyone who’s been paying attention for the past three years: Fat cats are […]

Corporate profits

The Great Disconnect: US Corporate Profits Rise Without Job Growth

US companies made profits at an annual rate of $1.659 trillion in the third quarter, a Commerce Department says report released on Tuesday. In non-inflation-adjusted terms, this is the highest figure since the government began tracking more than 60 years ago. Since the end of the credit crisis, many companies have started to increase their […]

Corporate profits

Record corporate profits aren’t helping the economy – The Buzz

By Paul R. La Monica, Associate EditorFirst published: November 24, 2010: 1:07 p.m. ET NEW YORK (CNNMoney.com) – If you’re the CEO of a big company, you probably have a lot to be thankful for on Turkey Day. The government announced on Tuesday that corporate profits hit a record high in the third quarter. The […]