Corporate profits

Corporate profits fall the most in the first quarter since the Great Recession of 2008

Numbers: US corporate profits fell 13.9% in the first quarter, the Commerce Department said Thursday. This is the largest drop since the fourth quarter of 2008 during the Great Recession. The decrease is not annualized. Profits were $ 1.84 trillion annualized in the first quarter, up from $ 2.13 trillion in the last three months […]

Corporate profits

Corporate profits in Canada hit record highs in 2019

The financial sector led the way, with profits rising 10.6% in the fourth quarter to $ 37.2 billion. Within the industry, the insurance business drove higher profits, while the banking segment saw its operating profit decline 2.5% due to lower non-interest income. Credit union profits also jumped 21.6% in the quarter to $ 1.3 billion, […]

Corporate profits

Divergence between corporate earnings and stock valuations may not last

From tweets to trade wars to impeachment inquiries, 2019 has been anything but stable. The only thing that weathered the storm? The US stock market, which is up nearly 25% since the start of the year. Despite this strong performance, investors are increasingly concerned that stock prices may not be in line with company fundamentals. […]

Corporate profits

B.C. Physician Business Profits Critical to Private Care Lawsuit: Federal Lawyer

VANCOUVER – Profit for physicians performing surgery in private clinics at the heart of a trial that threatens to undermine Canada’s universal healthcare system and its principles of fairness and equity for all, only bank accounts of some patients allow them or not to skip the public queue, says a federal lawyer. BJ Wray, representing […]

Corporate profits

Local Resistance, Corporate Profits Fuel America’s ‘Debtors’ Prisons, Conference Says

Resistance from local governments and their employees, as well as the growing involvement of for-profit companies in prison administration, are key obstacles to ending the system of fines and court-related fees that have weighed heavily on them. “disproportionately” on minorities and the poor, a lecture at John Jay College heard Thursday said. Bayrd carousel Carousel […]

Corporate profits

Cautious investors: corporate profits are lower today than in 2014

Executives at America’s biggest corporations say profits have never been higher, but government accounting tells a different story. According to data from the Bureau of Economic Analysis, corporate profits, after adjusting for inventory valuation and capital consumption, remain 3.6% below their peak in Q2 2014, while the S&P 500 SPX, -0.11% profits are expected to […]