Business
fromThe Atlantic
3 days agoWhat's Going on With This Stock Market?
The stock market is rising despite economic pessimism due to soaring corporate profits, particularly among major tech companies.
#corporate-profits
#corporate-profits
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US politics
fromFortune
3 months agoDeficits boost U.S. debt but also inflate corporate profits and stocks, so reducing red ink could trigger a financial crisis, analysts warn | Fortune
Budget deficits have become the primary driver of corporate profits and inflated stock valuations by channeling government spending into financial markets.
fromIndependent
4 months agoFood brands scoring bumper profits - as price hike misery continues for punters
Companies blame higher costs for prices increases - but analysis by the 'Sunday Independent' reveals combined operating profit among 18 popular brands is up over 62pc since 2021, to €416.8m The food industry is blaming higher costs as the main driver of soaring prices - but analysis by the Sunday Independent shows major brands across the sector are reporting bumper profits, explaining at least some of the price hikes.
Food & drink
Business
fromFortune
5 months agoThe analyst who once predicted the 'end of capitalism' sees Zohran Mamdani as a 'day of reckoning coming in'-and corporates only have themselves to blame | Fortune
Post-pandemic stimulus enabled profit-driven "greedflation," causing soaring corporate margins that provoked political backlash and public outrage against corporate excess.
Artificial intelligence
fromFortune
6 months agoA 'jobless profit boom' has cemented a permanent loss in payrolls as AI displaces labor at a faster rate, strategist says | Fortune
AI-driven productivity gains have enabled record corporate profits while causing permanent job losses and subdued hiring, creating a jobless profit boom across the economy.
UK politics
fromwww.theguardian.com
7 months agoLabour just doesn't get it: workers feel poorer than ever. Is it any wonder Reform is rising? | Sharon Graham
Stagnant wages, austerity cuts, and rising prices have left British workers significantly worse off while corporations and energy firms post large profits.
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