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#NewsWatch: This is the most overvalued housing market in America. Spoiler: It’s not in California.

#NewsWatch: This is the most overvalued housing market in America. Spoiler: It’s not in California.

MARKETWATCH FRONT PAGE

Home prices skyrocketed over the past year, but the economy has yet to catch up. See full story.

Ford reports quarterly loss tops $2 billion, increases investment in electric vehicles

Ford Motor Co. on Thursday posted a wider-than-expected loss in the fourth quarter, but shares rose after the auto maker promised to invest more in electric and autonomous vehicles. See full story.

GameStop booster on Reddit is under regulatory scrutiny

Keith Gill, a Massachusetts investor who found fame and riches by promoting GameStop Inc. stock, has drawn the attention of the state’s top financial regulator. See full story.

37 states don’t tax your Social Security benefits — make that 38 in 2022

Most other states allow some exemptions based on income. See full story.

S&P 500, Nasdaq close at records as U.S. jobs data, coronavirus cases and earnings improve

Major U.S. stock-market benchmarks climb Thursday, lifting the S&P 500 index and Nasdaq Composite to new records as better unemployment data, falling coronavirus cases and deaths, some upbeat corporate earnings and the prospect of more fiscal stimulus augured well for further economic recovery this year. See full story.

MARKETWATCH PERSONAL FINANCE

A new bill wants to block federal income taxes on the first $10,200 a person received in unemployment benefits last year. See full story.

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