Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Proposed Increase in Film and TV Production Incentives
Governor Gavin Newsom has announced a significant proposal to increase California's film and television production incentives from $330 million to $750 million annually. This ambitious plan, revealed by his office on Sunday, aims to revitalize the state’s film industry and reclaim lost production opportunities.
Addressing Competition and Production Losses
The proposed tax credit expansion is crucial for bringing back filmmaking to Hollywood, particularly as California has faced heightened competition from other states and countries offering more attractive tax incentives. According to Colleen Bell, Director of the California Film Commission, the state lost an estimated $1.6 billion in production spending between 2020 and 2024 due to insufficient tax credit funding.
The Importance of Competitive Incentives
"California needs to keep pace with competing states and nations in providing aggressive tax incentives," Bell emphasized. The proposed increase not only aims to attract filmmakers back to California but also to bolster the local economy through job creation and increased production activities.
As the entertainment industry continues to evolve, Newsom's proposal reflects a strategic effort to position California as a premier destination for film and television production, ensuring its legacy in Hollywood remains intact.
