After the holiday quarter last year snapped an earnings recession, the same is not expected this year — but it isn’t impossible, and may happen three months late. Quarterly profits for the S&P 500 SPX, -0.72% are expected to drop as fourth-quarter results roll in
NewsWatch: Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street
MARKETWATCH FRONT PAGE President-elect Joe Biden’s proposal to spent another $1.9 trillion to help fight the pandemic and its shocks is putting Wall Street on inflation-watch. But investors say the U.S. economy and financial markets would be worse off without it. See full story. IRS
Everyone transitions to retirement differently.
Therese Poletti's Tech Tales: After Capitol insurrection and fallout, it is time for new laws for social media
Last week’s insurrection at the U.S. Capitol has led to the biggest reckoning in the history of the internet, and will likely be a tipping point for new regulation of American social-media companies.
The Moneyist: My son inherited money after his father was killed in an accident. A woman came forward with another legal heir. What now?
‘After exhausting all efforts and suing me personally, she is left with no legal avenues. She has now asked if the two can have a relationship.’
The Moneyist: My wife found a half brother through Ancestry.com. Are we morally or ethically obligated to share her father’s estate?
‘The whole family seemed genuinely excited to finally find information on his biological father, after years of searching with no real leads.’
Stocks in Japan and Australia fell in early trading Friday following losses on Wall Street, as most Asian markets were closed for holidays. Japan’s Nikkei NIK, -2.55% slid 2.3% and Australia’s S&P/ASX 200 XJO, -3.41% tumbled 3.6%, while New Zealand’s NSX-50 NZ50GR, -0.57% declined 0.5%.