Corporate Profits In Nonfinancial Industries Plunge By Most Ever In USD, Amid Massive Downward Revisions

Group 1 - Corporate profits have reached record levels in the financial industry following the pandemic, driven by a surge in free money [2] - In contrast, the auto manufacturing sector is experiencing significant losses, indicating a divergence in profitability across industries [2] - The measure of corporate profits discussed refers to pre-tax profits, highlighting the financial health of companies in various sectors [2]