“Big business is gaslighting us all—they’re hiking prices to make monster profits, plundering people under the cover of a polycrisis.” An analysis released Thursday shows that 722 of the world’s top corporations made combined windfall profits of $1 trillion per year in 2021 and 2022 as people across the planet struggled to meet basic needs due to […]
JUNEAU – Today, Sen. Bill Wielechowski, D-Anchorage, released the findings of a research report reviewing profit data recently released by ConocoPhillips. The legislature’s non-partisan research division found that in the first quarter of 2023, Alaska was the most profitable geographical area in the world for ConocoPhillips on a per barrel of oil equivalent (BOE). ConocoPhillips’ […]
“Today’s record corporate profits mirror what we have been hearing on earnings call after earnings call: Corporations are gleefully reporting that their strategy to burden families with unnecessary price hikes is working.” Economic justice advocates on Wednesday responded to new U.S. government figures showing nonfinancial corporate profits soared to record levels during the third quarter of […]
“It is unacceptable that certain companies and industries are engaged in extreme price hikes under the cover of inflation,” said Rep. Raja Krishnamoorthi. A report released Friday by a panel of the U.S. House Committee on Oversight and Reform highlighted how “certain corporations are using the cover of inflation to raise prices excessively, resulting in record […]