U.S. corporate profits, hit hard last year by the energy downturn and strong dollar, show signs of stabilizing as oil prices dance around $50 a barrel and economic growth appears to be picking up. But American companies still face earnings pressure due to rising wage growth and a still-weak global economic expansion.
A key measure of corporate profits—after taxes, without inventory valuation and capital consumption adjustments—rose at a 1.9% pace in the first three months of 2016, the Commerce Department said Friday.
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