- Asian stocks bounce off two-month low as bonds, China markets steady (Reuters) – Tuesday’s wild moves in big U.S. tech underscored how volatile markets, increasingly dominated by super-sized passive funds, are likely to be this year as the world tries to reset after the COVID-19 pandemic.
- Los Angeles Movie Theaters Could Reopen In One Week (Deadline) – If Los Angeles can maintain its Covid-19 numbers at the current level for just one more week, several sectors would be able to reopen — including cinemas at a 25% capacity or 100 people, whichever is less.
- With congressional approval imminent, Biden prepares to send checks, but big stimulus challenges loom (Washington Post) – The IRS must craft rules for new advance payments of the expanded child tax credits; stand up a system to pay them out, perhaps on a monthly basis; and process other changes under the rescue plan, including fresh help to unemployed Americans.
- The difference between the Trump tax cuts and the Biden relief bill, in one chart (Washington Post) – There are some big differences for the top 1%.
