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NewsWatch: Why once-hot hedge-fund stock picks are now the ‘pain trade’ of 2021

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A basket of hedge-fund favorites, typically a reliable outperformer, continues to lag behind the broader market in 2021 after losing the pace last fall, say analysts at RBC Capital Markets. Blame the reflation trade. See full story.

‘Where the crypto market goes from here is completely dependent on the stock market,’ says digital-asset tycoon Barry Silbert

Want to know where the crypto market goes from here? Barry Silbert, a power player in the digital-asset sector, says that investors ought to look no further than the stock market, in a Sunday-night tweet amid a downturn in digital assets. See full story.

Heard of ‘contagious unemployment’? It’s one theory why companies have difficulty hiring workers

‘Unemployed workers send over 10 times as many job applications in a month as their employed peers, but are less than half as likely per application to make a move.’ See full story.

‘Charlie Bit My Finger’ will leave YouTube forever after selling for $760,999 as an NFT

It’s the latest case of viral subjects reclaiming their internet-famous images by selling a nonfungible token. See full story.

Figs IPO: 5 things to know about the healthcare apparel company before it goes public

Figs Inc., an apparel and lifestyle company for healthcare workers, has filed to take the company public, eight years after the co-founders started the company by selling products out of their cars. See full story.

MARKETWATCH PERSONAL FINANCE

Monday’s top personal finance stories See full story.

Heard of ‘contagious unemployment’? It’s one theory why companies have difficulty hiring workers

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