General Motors’ Profits Drop 35 Percent as CEO Clings to EV Strategy
General Motors (GM) has experienced a dive in profits, the news coming as its leadership continues touting electric vehicles (EV).
profits
Sanders: Dems Haven’t Been Clear They Side with Regular People Enough as Crime Rises, Have to Take on Greed
On Tuesday’s broadcast of CNN’s “AC360,” Sen. Bernie Sanders (I-VT) argued that Democrats have not done enough to demonstrate they’re on the side of the working class and “When the people on top are doing phenomenally well while 60% of
Target Set to Lose $500 Million in Profits; CEO Cites Organized Retail Crime as Main Culprit
Target CEO Brian Cornell said the company expects an estimated $500 million in lost profits this year, citing organized retail theft as a primary factor.
Moody’s Chief Economist: We Need More Oil Production and Profits are ‘Great Incentive’ for That, Gouging Isn’t Causing Inflation
On Thursday’s broadcast of CNN’s “Early Start,” Moody’s Analytics Chief Economist Mark Zandi stated that he doesn’t give any weight to the argument that price gouging is causing inflation and argued that profits by oil companies “have a purpose. They’re
Narrative Fail: Business Prices Fall Despite Rising Tariffs
Critics said tariffs would be a tax on U.S. consumers. The recent data on producer prices, however, show higher costs are not getting passed on to American consumers.
U.S. Mining Industry Sees a Resurgence, Citing First Profitable Quarter in Two Years
According to data from the U.S. Census Bureau published last week, the mining industry made a profit for the first time in two years in the first quarter of 2017.
Big Business Hearts Big Government: Insurance Giants Get Rich On ObamaCare
One of the myths that always needs bursting is that Big Business hates big government’ regulations, and supposedly prefers small-government Republicans to keep Uncle Sam off its back.
Liz Warren: Fiery Class-War Populist, House-Flipping Profiteer
Our tax and regulatory systems should be prudently administered to protect property rights and the free, honest flow of commerce. Instead, we’re subjected to value judgments and accusations of bad faith from politicians who refuse to entertain such criticism of themselves.
Confirmed: People Have Very Unrealistic Notions About Corporate Profit Margins
Perhaps political attitudes would change if more people understood that the government is raking in more money from their purchases than Walmart is. Politicians excel at portraying themselves as perpetually under-funded in their selfless quest to make life better for everyone. At the same time, they teach the public to believe private industry is rapacious and exploitative, rather than working with six or seven-percent profit margins.
