Federal data released Wednesday shows U.S. corporate profits jumped 25% to record highs in 2021, even as COVID-19 wreaked havoc on the nation’s economy. “CEOs can’t stop bragging on corporate earnings calls about jacking up prices on consumers to keep their profits soaring — and today’s annual profit data shows just how well their inflation strategy is working,” Owens said. “These megacorporations are cashing in and getting richer — and consumers are paying the price.”

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