A golden age of corporate profits
Data: U.S. Bureau of Economic Analysis, FactSet; Chart: Axios/Matt Phillips; Note: After-tax profit data includes inventory and capital depreciation adjustments. Corporate America is raking in record profits, luxuriating in luscious margins and capturing the largest chunk of the country's income on record. Why it matters: The corporate bonanza is bolstering the stock market, but it may also be…
Corporate profits in the United States have reached record levels, with a surge in after-tax earnings that has propelled the stock market to new heights. This boom is largely driven by the artificial intelligence (AI) boom, which is expected to continue powering strong profits in the coming quarters. However, the concentration of these gains has sparked concerns about the impact on the American electorate, as the labor share of national income remains at historically low levels.
Written by urgent.news from Axios's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
