U.S. stocks gained Wednesday as investors looked past rising cases of COVID in Europe and awaited another round of comments from Federal Reserve speakers, headlined by a second day of testimony from Chairman Jerome Powell on the health of the economy amid the COVID pandemic. See full story.
Restaurants wait for chance to tap into $28.6 billion relief fund: ‘We will be one of the first ones in line’
Now that Democrats’ $1.9 trillion COVID-19 relief bill has been signed into law, the wait is on for the launch of the huge package’s new aid program for restaurants. See full story.
Global tally of COVID-19 cases tops 124 million as EU curbs vaccine exports
The global tally of cases of the coronavirus-borne illness COVID-19 climbed above 124 million on Wednesday, as the European Union introduced emergency legislation that would allow it to control exports of COVID-19 vaccines. See full story.
IRS misses ‘substantial’ tax evasion by the wealthiest Americans — far more than the average worker
‘Random audits, which do not detect most sophisticated evasion, underestimate top tax evasion,’ the authors of a new study said. See full story.
Equal Pay Day: How paid-leave and child-care policies failed to close gender pay gap
Women typically need at least one extra degree to earn as much as their male colleagues. See full story.
Some 85% of people said they would take a cruise if people were required to be inoculated against COVID-19 in advance. See full story.