Washington and Wall Street are different places, but this week they seemed like different planets.
A mob of President Trump’s supporters broke into the Capitol and for a few hours halted certification of November’s election, prompting Democrats to demand Mr. Trump’s impeachment. Throughout, the stock market stomped to record highs.
Superficially, the reasons are clear. Investors see a stronger economy and profits after Democrats took control of the Senate by winning both seats in Georgia’s runoff election Tuesday.
Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.
Grocers Step In to Speed Up Covid-19 Vaccine Rollout: Federal and state officials are tapping regional and supermarket-based pharmacies to help speed up administration of Covid-19 vaccines amid a slower-than-planned rollout.
PLANNING & INVESTING
Rental Home Construction Climbs as Purchase Prices Surge: Investors are building tens of thousands of houses expressly to rent in a bet that Americans will keep flocking to spacious suburban living even if they can’t afford to buy homes.
From Dow Jones Newswires
The rate of household savings on both Europe and the U.S. was off the charts in 2020, an excess that has important implications for the economic upswing in 2021, economists from Berenberg say. In the eurozone, the household savings rate doubled to 24.6% in 2Q 2020 from 12.5% in 4Q 2019, while in the U.S. it almost tripled to 28.4% from 10.6% over the same period and in the U.K. it almost quadrupled. “Spending only half of the extra cash as the savings rate normalizes would add a very sizeable tailwind to the early stage of the upswing,” they say, noting a solid underlying demand from households. (firstname.lastname@example.org)
The first half of the year will be challenging for the eurozone economy, NatWest says. Despite the lower incremental impact of lockdowns on the economy, it is likely that restrictions will remain in place at least for most of the first quarter, if not longer, Giovanni Zanni, chief eurozone economist at NatWest, says. Nevertheless, prospects for the second half of the year remain bright, he says. Surveys’ future expectations improved in light of the positive vaccine news. Companies are at their most optimistic on future activity since April 2018 and consumers also seem to be more willing to spend in 2021 their excess savings cumulated during lockdowns, Zanni says. (email@example.com)
BUSINESS & PRACTICE
Businesses Brace for a Democratic Congress: Georgia Senate victories, which surprised some business groups, could ease way for Biden cabinet picks, lead to increased oversight of financial, oil industries.
How to Expand Diversity in the Workplace: Civil-rights lawyer Cyrus Mehri has fought some of the most significant workplace race-discrimination lawsuits in U.S. history. Now he had ideas on how to make companies more equitable.
What We Already Know About Investing in 2021: It may be tempting to keep riding the wave of hot assets from last year. Do that long enough, and you’ll eventually get burned.
TRAVEL & LIFESTYLE
Where to Travel After Covid? 25 Inspiring Escapes: After nearly a year of vacation deprivation, frustrated globe-trotters are starting to dream about traveling freely again. We highlight six getaway goals for 2021 and new ways to realize each one.
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