The real gross domestic product (GDP) of the United States grew at an annual rate of 2.9 percent in the third quarter of 2022, increasing more than the advance estimate of 2.6 percent issued by the Bureau of Economic Analysis (BEA) last month, but expert analysts are warning against premature celebrations amid a looming recession….
US GDP Rose by Forecast-Beating 2.9 Percent Last Quarter, but Experts See Weakness Behind the Numbers
November 30, 2022
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Business & Marketscar salesCorporate ProfitseconomyimportsIndustrial suppliesinflationpersonal incomereal gross domestic productrecessionthird quarter GDPUSUS GDP
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PR Firm Working For Pfizer and Moderna Embeds Staff Within CDC’s Vaccine Committee
October 14, 2022
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AMERICABusiness & MarketsBusinesses in COVID-19CCP VirusCDC – U.S. Centers for Disease Controlconflict of interestCorporate ProfitsModernaPfizerUSUS NewsVaccines & SafetyWeber Shandwick
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A PR firm that represents big pharma companies like Pfizer and Moderna has been revealed to staff certain divisions in the Centers for Disease Control and Prevention (CDC) during the pandemic, sparking questions regarding potential conflicts of interest. Based in New York, Weber Shandwick is reportedly the second-largest PR firm in the world with revenues…
American Corporations Rack Up Multi-Decade Record Profits Amid Rising Inflation
August 29, 2022
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Business & MarketsCompaniesCorporate Profitseconomyhigh inflationinflationlabor costsU.S. Bureau of Economic Analysis (BEA)USUS News
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While American citizens have been struggling with rising inflation over the past few months, corporations have reportedly netted record profits during the same period. Aftertax profits as a share of gross value added for nonfinancial corporations—a measure of aggregate profit margins—rose to 15.5 percent in the second quarter from 14 percent in the first, according…
US Corporations Rack Up Multi-Decade Record Profits Amid Rising Inflation
August 29, 2022
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Business & MarketsCompaniesCorporate Profitseconomyhigh inflationinflationlabor costsU.S. Bureau of Economic Analysis (BEA)USUS News
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While U.S. citizens have been struggling with rising inflation over the past few months, corporations have reportedly netted record profits during the same period. Aftertax profits as a share of gross value added for nonfinancial corporations—a measure of aggregate profit margins—rose to 15.5 percent in the second quarter from 14 percent in the first quarter,…
Inflation Lifting Corporate Profits, Eating Away Wage Gains
With the U.S. annual inflation rate at a 30-year high, economists and market analysts are spotlighting the expanding financial divide between corporations and their employees. In today’s inflationary environment, large companies are reporting greater profits and revenues. At the same time, Americans have witnessed all their wage gains from over the last 12 to 15…
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