Price of Meat On The Rise As Companies See Profits Triple

The price of beef is up 20% from this time last year. The Biden administration is pointing fingers at the meat industry, which is dominated by just four big companies who control pricing.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#Meat #Inflation #Business

Price of Meat On The Rise As Companies See Profits Triple

Profits drop at JPMorgan, Citi but jump at Wells

Quarterly profits fell at JPMorgan Chase and Citigroup, but they nearly doubled at Wells Fargo as banks kicked off earnings season

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Ethiopian Airlines profits from cargo boom

Ethiopian Airlines is profitable and cash positive, underpinned by booming demand for air cargo, its chief executive said.

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Biden, Dems Pounce On Corporations Using Inflation As An Excuse To Raise Profits

Despite inflation, corporations are reporting their highest profits in 70 years. Bharat Ramamurti, Deputy Director of the White House National Economic Council, explains how a lack of competition has hurt consumers and Senator Elizabeth Warren, D-Mass., tells Stephanie Ruhle what Congress can do. She also addresses Speaker Pelosi’s stance that lawmakers and White House officials should be allowed to own personal stocks.
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Toyota profits up despite chip shortage

Toyota raised its profit outlook, helped by favorable currency rates, but warned that the global semiconductor shortage still posed risks to its full-year production plans

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BMW profits from higher prices, EV sales – Business

Higher prices and strong electric vehicle sales helped German automaker BMW beat analysts’ forecasts on Wednesday with a 42.4% year-on-year increase in third quarter net profit to $2.99 billion.

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Maersk profits triple on record freight prices

Shipper Maersk said record-high freight rates boosted its quarterly earnings despite lower container volumes due to congestion at ports

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Southwest Airlines expects higher costs will keep profits elusive

Southwest Airlines posted a smaller-than-expected loss for the third quarter and said profits would remain elusive in the current quarter as mounting costs are expected to offset improved travel bookings.

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Farmers Worry John Deere Strike Could Impact Profits, Food Supply

With 10,000 John Deere employees on strike, farmers fear it can impact their ability to plant and harvest their crops. NBC News’ Phil McCausland reports on the biggest issues farmers are now facing when it comes to tools and equipment they need. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#JohnDeere #Farmers #Strike

Farmers Worry John Deere Strike Could Impact Profits, Food Supply

Unprecedented lawsuit targets medical ethics, profits

A Maryland family has filed what they say is the first of many lawsuits against major bio-technology and medical firms. The descendants of Henrietta Lacks say cells harvested from their mother decades ago, and without her consent, have led to untold billions of dollars in profits, none of which they have seen. "CBS Saturday Morning" co-host Michelle Miller reports.

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