Latest Corporate profits News

Even with pretax profits, many big companies pay zero US tax

Apr. 02, 2021 17:54 PM EDT

NEW YORK (AP) — Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits. More than 50 of the largest...

For the first time since COVID, profits are rising again

Mar. 04, 2021 14:16 PM EST

NEW YORK (AP) — The freefall for corporate profits because of the pandemic is over, at least for now. The last few companies are letting their investors know how much profit they made during the last three months of 2020, and if the trend holds, they’ll likely blow...

Mixed finish on Wall Street as worldwide rally takes a pause

Jan. 22, 2021 16:51 PM EST

Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. The benchmark index fell 0.3%, snapping a three-day winning streak,...