Elon Musk is a rallying point for dogecoin holders on sites like Reddit, and his coming appearance on ‘SNL’ is a hotly anticipated moment inside and outside crypto markets, which had previously centered on bitcoin and Ethereum, the two largest cryptos in the world. See full story.
Here’s why the Dow and S&P 500 hit records despite a weak April jobs report
It may take more than a much-weaker-than-expected April jobs report to kill the stock market rally, though the popular reflation trade is seeing a modest setback. See full story.
The U.S. market’s CAPE is now the world’s highest and this gives stock investors little cover
Valuation measures indicate that U.S. stocks have become extremely expensive. See full story.
Some states are cutting unemployment payments to push people back to work — are extra benefits really keeping Americans out of the labor force?
‘The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,’ the U.S. Chamber of Commerce said. See full story.
The U.S. prepares to begin giving COVID-19 shots to 12- to 15-year-olds as Pfizer’s vaccine nears expanded authorization
Now that the U.S. is getting close to authorizing the first COVID-19 vaccine for younger teens, it will pave the way for immunizations to begin to reach a broader group of Americans at a time when the pace of vaccinations is slowing. See full story.
A court date on an early test is coming up later in May, and that’s just one of several lawsuits making their way through the system. See full story.