Corporate America Is On a Roll With Best Profit Gain Since 2014
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Bullish, for now. That’s the takeaway from corporate America’s second-quarter earnings.
Pretax profits at U.S. companies climbed 7.7 percent from a year earlier, the most since 2014 and the seventh consecutive gain, according to Commerce Department data released Wednesday. Throw in the boost from lower taxes that went into effect this year under the Trump administration, and firms have plenty of wherewithal for more investment and hiring.