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NewsWatch: ‘Meme’ stock-market trend around AMC, GameStop may be more persistent than you think, says report

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MARKETWATCH FRONT PAGE

Think meme stock investing is a fad? Think again. That is, at least, according to a new report from Betterment. See full story.

How Peter Thiel turned $2,000 in a Roth IRA into $5,000,000,000

Roth individual retirement accounts were created to help middle class earners set aside money for retirement that they wouldn’t have to pay taxes on at withdrawal. But PayPal co-founder Peter Thiel has used his Roth IRA to amass a $5 billion nest egg. See full story.

Fed’s stress test shows big banks can withstand global recession, clearing way for payouts, share buybacks to resume

The nation’s largest banks can withstand a severe global recession and, as a result, temporary limits on dividend payments and share buybacks will end after June 30. See full story.

Here’s how much bitcoin is worth, says JPMorgan, as crypto faces this summer headwind

Stocks are set to continue inching higher on Thursday, as markets relax about inflation risks and exact details of what’s coming from the Federal Reserve. But for bitcoin and other crypto assets, like ethereum and dogecoin, the easy breezes of summer are far away See full story.

Here’s what’s in the infrastructure deal agreed to by Biden and senators

How a roughly $1 trillion infrastructure deal agreed to by President Joe Biden and a group of senators would be spent and paid for, according to the White House. See full story.

MARKETWATCH PERSONAL FINANCE

One group of borrowers can count themselves as ‘lucky’ during periods of inflation.
See full story.

London Markets: Pound drops after Bank of England says it doesn’t want to undermine recovery

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