“American families working to put food on the table deserve to know whether the increased prices they are paying for eggs represent a legitimate response to reduced supply or out-of-control corporate greed.” Sen. Elizabeth Warren and Rep. Katie Porter on Thursday demanded answers from the five largest egg producers in the United States over recent price surges that companies […]
“Instead of providing badly needed relief to consumers, they spent over $32 billion to enrich their wealthy shareholders while forcing American families to foot the bill.” ExxonMobil and Chevron, the largest oil companies in the United States, posted respective third-quarter profits of nearly $20 billion and $11.2 billion on Friday as American consumers continue to face high […]
A leading economist urged policymakers to “address corporate profiteering as a driver of inflation by reining in megacorporations and addressing the unsustainably high prices facing families around the country.” Progressive demands for congressional action to curb corporate monopoly power were renewed Friday after federal data confirmed that certain heavily consolidated industries are continuing to rake in […]
Corporate profits hit a record $2 trillion in the second quarter. Meanwhile, many workers are unable to afford a $400 emergency payment. A new report out Monday shows that 59% of U.S. consumers were living paycheck to paycheck last month and many were unable to afford an emergency expense of $400—all while the country’s corporations enjoy […]