U.S. corporate profits soar in second quarter; economic growth raised

  • Second-quarter GDP growth revised to 6.6% rate
  • Corporate profits surge to fresh record high
  • Weekly jobless claims rise 4,000 to 353,000

WASHINGTON, Aug 26 (Reuters) – U.S. corporate profits surged to a fresh record high in the second quarter, boosted by robust demand and higher prices, suggesting that an anticipated slowdown in economic growth this quarter because of soaring COVID-19 cases could be temporary.

The jump in profits reported by the Commerce Department on Thursday was despite businesses…

Source link

Schreibe einen Kommentar

Deine E-Mail-Adresse wird nicht veröffentlicht. Erforderliche Felder sind mit * markiert.