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

Por: The Hill Politics December 01, 2022

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Corporate profits in the nonfinancial sector hit a record high of $2.08 trillion in the third quarter even as 40-year-high inflation continues to squeeze American consumers. Profits adjusted for inventories and capital consumption rose $6.1 billion from the second to third fiscal quarters, the Commerce Department reported Wednesday, continuing a red-hot recovery from the flash recession caused by pandemic shutdowns. “I am personally pretty... + full article



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