U.S. Company Income Soared in Second Quarter, Boosted by Tax Cuts and Financial Development

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WASHINGTON—U.S. company earnings boomed within the second quarter, boosted by massive tax cuts and stronger financial progress than initially reported.

The Commerce Division mentioned Wednesday that its broadest measure of after-tax earnings throughout the U.S. rose 16.1% within the quarter ended June 30 from a 12 months earlier, the most important year-over-year achieve in six years.

As a result of…



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