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Money & Markets

US unemployment claims fall to a pandemic low of 498,000

WASHINGTON — The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending. Thursday’s report from the Labor ...

Peloton recalls treadmills, halts sales, after a child dies

NEW YORK — Peloton is recalling about 125,000 of its treadmills less than a month after denying they were dangerous and saying it would not pull them from the market, even though they were linked to the death of a child and injuries of 29 others. The company said Wednesday that it will now ...

Despite business warnings, GOP moves ahead with voting bills

AUSTIN, Texas — Republican lawmakers around the country are pressing ahead with efforts to tighten voting laws, despite growing warnings from business leaders that the measures could harm democracy and the economic climate. More than 50 companies and business organizations, including some ...

Apple’s ‘walled garden’ faces Epic attack in app store trial

SAN RAMON, Calif. — Apple’s lucrative app store was alternately portrayed as a price-gouging monopoly and a hub of world-changing innovation during the preamble to a trial that may reshape the technological landscape. The contrasting portraits were drawn on Monday as lawyers for Apple ...

Biden’s corporate tax plan takes aim at income inequality

WASHINGTON — From John Kennedy to Ronald Reagan to Donald Trump, American presidents have taken aim at corporate America’s tax-avoidance schemes before — and mostly missed. Now, President Joe Biden is training the government’s sights again on the loopholes, shelters and international ...

Water bill may open spigot for Biden infrastructure plan

WASHINGTON — Rarely has a routine water resources bill generated so much political buzz, but as senators hoisted the measure to passage Thursday the bipartisan infrastructure legislation served as a potential template for building consensus around President Joe Biden’s ambitious American ...