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NewsWatch: Cryptos and stocks like NIO and Tilray are crucially linked. Here’s what you need to watch, says strategist.

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MARKETWATCH FRONT PAGE

The tech-heavy Nasdaq is set to outpace other stock market indexes at the open on Thursday, ready to recover from a more than 2% slide since the beginning of this week. See full story.

As dogecoin extends record rise, Galaxy’s Novogratz says ‘it’s dangerous being a speculator’ in the crypto

Wealthy investor Mike Novogratz says that the run-up in dogecoin is a reflection of the disenchantment of younger investors in the current state of financial markets and the economy and cautioned that trying to bet on the parody coin at these current levels is dangerous. See full story.

Federal stimulus is a ‘lifeline’ for communities whacked by the corona-crisis, as scars of 2008 linger

Communities across the country are taking the lessons from the Great Recession to heart as they dig out from the financial mess left by the coronavirus pandemic. See full story.

Bailey says reduction in Bank of England bond purchases isn’t tapering. Markets seem to agree.

U.K. assets wobbled on Thursday as traders reacted to the decision from the Bank of England to reduce the rate of government bond purchases but insist it wasn’t changing monetary policy. See full story.

SEC’s Gensler hints at new rules aimed at Robinhood, Citadel following GameStop saga

Securities and Exchange Commission Chairman Gary Gensler has directed staff at the agency to prepare for potential new rulemaking and enforcement actions related to the recent short squeeze of shares in GameStop Corp. and other so-called meme stocks, which could affect app-based stock brokers and the market makers that execute a growing share of retail trades in America. See full story.

MARKETWATCH PERSONAL FINANCE

‘I felt wrong going on a trip that had been funded indirectly by others. In my world, one should not resort to GoFundMe until they have exhausted all other reasonable options.’ See full story.

: Bank of England chief on cryptocurrencies: ‘Buy them only if you’re prepared to lose all your money.’

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