Called the "American Families Plan," Biden's third major legislative proposal combines $1 trillion in spending with $800 billion in tax cuts and credits for middle- and lower-income families.

Shortages, bottlenecks, and a year-long bull market in commodities have input costs near a 13-year high. Compounded by a year's worth of pent-up demand, these trends are driving inflation in consumer goods prices.

Some oil majors will pay down debt, some will focus on returning cash to shareholders. All are expected to neglect capex, perhaps to the detriment of their business's long-term prospects.

Bringing employees back to physical workspaces during a pandemic is uncharted territory, but employers have already learned a few things.