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Money & Markets

For the first time since COVID, profits are rising again

NEW YORK — The freefall for corporate profits because of the pandemic is over, at least for now. The last few companies are letting their investors know how much profit they made during the last three months of 2020, and if the trend holds, they’ll likely blow past expectations. Earnings ...

House passes sweeping voting rights bill over GOP opposition

WASHINGTON — House Democrats passed sweeping voting and ethics legislation Wednesday over unanimous Republican opposition, advancing to the Senate what would be the largest overhaul of the U.S. election law in at least a generation. House Resolution 1, which touches on virtually every ...

Biden urges Senate Dems to rally behind $1.9T virus bill

WASHINGTON — President Joe Biden urged Senate Democrats on Tuesday to rally behind a $1.9 trillion COVID-relief bill and stood by his proposed $1,400 payments to individuals, even as some party moderates sought to dial back parts of the package. “He said we need to pass this bill and ...

Minimum wage hike all but dead in big COVID relief bill

WASHINGTON — Democrats’ hopes of including a minimum wage increase in their $1.9 trillion COVID-19 relief bill seemed all but dead Monday as the Senate prepared to debate its own version of the House-passed aid package. Four days after the chamber’s parliamentarian said Senate rules ...

Why rising rates are unsettling Wall Street

NEW YORK — Yes, it’s possible to have too much of a good thing, and that’s exactly why stock markets around the world are getting so unsettled. Optimism for an economic revival is surging following a year of coronavirus-induced misery. But expectations for stronger growth — plus the ...

TikTok owner ByteDance to pay $92M in US privacy settlement

SAN FRANCISCO — TikTok’s Chinese parent company ByteDance has agreed to pay $92 million in a settlement to U.S. users who are part of a class-action lawsuit alleging that the video-sharing app failed to get their consent to collect data in violation of a strict Illinois privacy law. The ...