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Wall Street bonuses jumped 20 percent to a record, but the boom may be short-lived.

Bankers in New York City’s securities industry got an average bonus of $257,500 last year, the state’s comptroller estimated. ....

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Boeing Directors Reach Settlement in Shareholder Suit Over 737 Max Crashes

The $237.5 million accord is subject to court approval. The plaintiffs said board members had neglected their oversight duties. ....

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Biden May Eliminate the Carried Interest Loophole

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President Biden is taking aim at a tax break cherished by financiers.Credit.Pool photo by Al Drago/EPA, via Shutterstock
Closing loopholes
President Biden is expected to unveil a $1.5 trillion “human infrastructure” plan next week that will focus on education, child care and paid leave for workers, among other things. It would be paid for in part by new taxes on the rich, including the end of a tax break that lawmakers have tried to eliminate for years.
The White House will propose a major change to capital gains taxes, with people earning more than $1 million per year paying the top marginal tax rate on their investment gains. Mr. Biden wants to raise that rate to 39.6 percent. ....

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