profits

Big Oil engaged in long-running climate misinformation campaign while making record profits, lawmakers say |  CNN Politics

Big Oil engaged in long-running climate misinformation campaign while making record profits, lawmakers say | CNN Politics

CNN — Big oil companies have engaged in a ‘long-running greenwashing campaign’ while reaping ‘record profits at the expense of American consumers’, the Democratic-led House Oversight Committee found after an investigation by a year on fossil fuel climate misinformation. industry. The committee found that the fossil fuel industry “posture on climate issues while avoiding real …

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Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits in the non-financial sector hit a record high of $2.08 trillion in the third quarter, even as inflation, at a 40-year high, continues to weigh on US consumers. Inventory and capital consumption-adjusted profits rose $6.1 billion between the fiscal second and third quarters, the Commerce Department reported Wednesday, continuing a meteoric recovery from …

Corporate profits hit record high in third quarter amid 40-year high inflation Read More »

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits in the non-financial sector hit a record high of $2.08 trillion in the third quarter, even as inflation, at a 40-year high, continues to weigh on US consumers. Inventory and capital consumption-adjusted profits rose $6.1 billion between the fiscal second and third quarters, the Commerce Department reported Wednesday, continuing a meteoric recovery from …

Corporate profits hit record high in third quarter amid 40-year high inflation Read More »

Bellwether Stock Pops, Guides 'Another Strong Year' After Profits Jump

Bellwether Stock Pops, Guides ‘Another Strong Year’ After Profits Jump

Deere (DE) gave a strong outlook for 2023 early Wednesday after beating earnings and revenue estimates for its fourth quarter, despite supply headwinds. DE stock broke out of a buy zone. X Deere, an industry indicator, benefited from farm equipment prices constrained to record highs by parts shortages, as well as higher crop prices. These …

Bellwether Stock Pops, Guides ‘Another Strong Year’ After Profits Jump Read More »

Trump banned pension plans from mixing awakening with profits;  Biden reverses this rule |  The daily thread

Trump banned pension plans from mixing awakening with profits; Biden reverses this rule | The daily thread

President Joe Biden’s Department of Labor has introduced measures to reverse a ban on environmental, social and governance investing, also known as ESG, among trustees managing pension funds, a rule the former President Donald Trump established during his final days in office. The agency released a final rule on Tuesday that mirrored the Biden administration’s …

Trump banned pension plans from mixing awakening with profits; Biden reverses this rule | The daily thread Read More »

Stock market mixed as home sales slow, offsetting pink retail profits, forecast

Stock market mixed as home sales slow, offsetting pink retail profits, forecast

The stock market traded mixed late in the afternoon as home sales fell and negative news on the economy outweighed strong earnings reports from the retail sector. X The Nasdaq composite fell 0.2% and the S&P 500 gained 0.2%. The Dow Jones Industrial Average gained 0.1%. The Russell 2000 Small Cap Index rose 0.2%. Volume …

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Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

A sign outside a Target department store on June 07, 2022 in Miami, Florida. Target said it expects earnings to suffer in the near term as it marks junk items, cancels orders and takes aggressive action to get rid of excess inventory. Joe Raedle | Getty Images Targetearnings fell about 50% when it emerged Inventory …

Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow Read More »

Disney stock drops to worst day since 2001 after 'massive drop in profits'

Disney stock drops to worst day since 2001 after ‘massive drop in profits’

Walt Disney Co. has a profit problem, and it has helped send the media giant’s shares to their worst daily performance in more than two decades. Although Disney DIS, -13.16% posted record sales in its most recent fiscal year, executives stunned investors with their segment operating profit forecast, which the company uses “as a measure …

Disney stock drops to worst day since 2001 after ‘massive drop in profits’ Read More »