Commentary: Corporate Profits Plunge in Most Recent GDP Report
April 08, 2016 at 06:30 AM EDT
In the most recent Gross Domestic Report (GDP) report, corporate profits plunged. The overall decline in profits was $153 billion in Q4, although some of this drop was due to an $83 billion settlement that BP had with the government over the 2010 Gulf of Mexico oil spill. We have been noting for...