NEW YORK — U.S. stocks wobbled between small gains and losses in early trading on Wall Street Thursday as investors reviewed a mixed batch of corporate profits and financial forecasts. Technology stocks made the strongest gains. Microsoft rose 1.5% after handily beating Wall Street's quarterly profit forecast, and PayPal soared...
Politics of Climate Change Put Corporations in Tough Spot
The polarizing politics of climate change have forced companies to choose between supporting the Trump administration's deregulation policies that could boost profits or opposing them to win over environmentally conscious consumers. That dynamic played out again Thursday when President Donald Trump's Environmental Protection Agency sought to revoke regulations on methane...
IPOs Bring Tax Jackpot for California; Can Lawmakers Resist?
SACRAMENTO — Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers. Though it's tough to gauge the total tax revenue...
For-Profit Prisons Are the Biggest Lobby No One Talks About
With the growing influence of the prison lobby, the nation is, in effect, commoditizing human bodies for an industry in militant pursuit of profit. That's the view presented by New York freelance writer Michael Cohen in an article published in The Washington Post. Cohen says for-profit prisons have become the biggest...