Category: Automotive

MARKETWATCH Top News

• In One Chart: This dogecoin chart offers the clearest explanation for the buzz surrounding the ‘joke’ crypto
  Dogecoin, dogecoin, dogecoin! That must be what bitcoin holders are saying lately. Owners of the world's No. 1 crypto, like Jan from the 1970s-era sitcom, The Brady Bunch, must feel as if they have been living in the shadow of a more intriguing sister crypto.
• : NBA star Kevin Durant invested in Coinbase in 2017 — his stake is now worth 53 times what it was worth then
  Durant also invested $1 million in Postmates before its sale to Uber in 2020
• Capitol Report: Biden, Suga vow to jointly confront ‘challenges’ from China
  President Joe Biden and Japanese Prime Minister Yoshihide Suga committed to work together on "challenges" presented by China, the two leaders said Friday at the White House.
• Market Extra: Get ready for stock buybacks to roar back
  Bank of America this week announced a new $25 billion share buyback program, but it is probably only the start.
• Market Snapshot: Dow and S&P 500 finish at records, book 4 weeks of gains in a row
  The Dow and S&P 500 closed at all-time highs, extending their recent rallies to four weeks in a row, amid a fresh flurry of first-quarter financial results.
• NewsWatch: This dogecoin chart offers the clearest explanation for the buzz surrounding the ‘joke’ crypto
  Dogecoin, dogecoin, dogecoin! That must be what bitcoin holders are saying lately. Owners of the world's No. 1 crypto, like Jan from the 1970s-era sitcom, The Brady Bunch, must feel as if they have been living in the shadow of a more intriguing sister crypto.
• Market Extra: Bank of America tops charts with $15 billion bond deal, the biggest ever from a bank
  Major U.S. financial powerhouses Bank of America and JP Morgan are going on a borrowing spree, after reporting blockbuster first-quarter financial results this week, smashing record after record along the way.
• Market Extra: This new ETF gets you access to the backbone of the crypto world
  The 'digital asset ecosystem' is now mature enough to support a fund that tracks companies offering ancillary services, and a new Van Eck ETF will attempt to be a pure-play version of that strategy.
• Bond Report: 10-year Treasury yield posts largest weekly decline in about 10 months
  The 10-year Treasury note faced some selling pressure on Friday but that didn't stop long-dated U.S. government debt from logging their sharpest yield declines in weeks.
• Capitol Report: After year of pandemic, Capitol Hill slowly sees signs of return to normalcy
  Congress, like many other areas of American life, is slowly but surely beginning to return to normal as more lawmakers and staff get vaccinated and the level of coronavirus worry ebbs. Lawmakers say there's still a long ways to go yet, though.