Cargill Pays Billionaire Owners a Record $1.5 Billion Dividend
The largest privately-held company in the US by revenue paid out almost $1.5 billion in the year ended May 31, according to the company's audited annual accounts seen by Bloomberg News. That's up almost 25% from a year earlier and eclipsed the previous record dividend in 2022, when Cargill made the most money in its 160-year history.
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Without his policies, unemployment would broadly hold steady at about 4% and there would be about 885,000 additional jobs, Moody's said. Trump's policies similarly are poised to push up inflation by an average of nearly half a percentage point a year. That would leave annual inflation averaging 2.6% during Trump's term and peaking at 3.1% in 2026, based on the Commerce Department's personal consumption expenditures price index. Inflation then would decline and nearly reach the Fed's 2% goal in 2028, the last year of his term. Absent the president's policies, inflation would achieve the Fed's target next year, Begley's analysis shows. Tariffs, by far, represent both the biggest drag on growth and the largest contributor to inflation, Begley said. Companies are expected to pass most of the costs of the duties to consumers, driving up prices. And that's expected to sap their buying power and reduce consumption, which makes up 70% of economic activity. 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