Stock-market legend sees few weeks of ‘putting your last, desperate chips into the game’—then pop

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These are the last days of small government and the Biden administration will make sure of that


MARKETWATCH FRONT PAGE

In an interview with Bloomberg TV’s “Front Row,” the storied investor, Jeremy Grantham, who is often credited with several prescient market calls over the past two decades, insists that a steady rise in stocks, fostered by free money from the Federal Reserve and the government can’t continue without consequences. See full story.

Get ready for Apple’s first $100 billion quarter in history

Even a pandemic can’t stop Apple Inc. from hitting new records. The smartphone giant is likely to post its first-ever quarter with revenue above $100 billion Wednesday. See full story.

‘We need to act,’ Biden says as he signs new executive orders — and presses Congress for more aid

President Joe Biden on Friday signed a pair of executive orders he said would help struggling Americans now, as he pressed lawmakers to back a much bigger stimulus package. See full story.

Weekend reads: Buy GM and sell Tesla

Also: tremendous potential for Facebook and virtual reality; ETFs that have blown the S&P 500 away; what to expect from Joe Biden’s first 100 days as president. See full story.

IRS ‘stands ready’ to send out third round of stimulus checks and process tax returns at the same time, commissioner says

The IRS is done with its pile of unopened mail, but ‘millions’ of last year’s tax returns are still being processed. See full story.

MARKETWATCH PERSONAL FINANCE

12 million Americans receiving Supplemental Nutrition Assistance Program (SNAP) benefits will see an increase under President Joe Biden’s executive order. See full story.



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