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NewsWatch: U.S. inflation soars in April to 13-year high, CPI shows, and reveals fresh stress on the economy

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Consumer prices rose sharply again in April and drove the rate of inflation to the highest level in nearly 13 years, signaling greater stress on the economy as businesses grapple with supply shortages that are raising the cost of many goods and services. See full story.

Ackman says he ‘kicks himself for not understanding’ crypto like bitcoin, but says it has ‘no intrinsic value’

Prominent investor Bill Ackman offers a rather muddled take on digital assets during a virtual event on Wednesday, but the upshot may be that he views them as a challenge for some investors because they have “no inherent value.” See full story.

These ‘panic events’ could soon spell relief for stock markets, says top strategist Thomas Lee

Fundstrat Global Advisors’s founder Thomas Lee says market capitulation could be at hand, thanks to a surge in the VIX and a plunge for the NYSE Tick Index. See full story.

Is it ethical for cruise lines, schools or Broadway to restrict entry to people not vaccinated against COVID-19?

Are vaccine holdouts ‘pathologically narcissistic’ or exercising their civil rights? And do private businesses have the right to refuse them? The Moneyist weighs in. See full story.

Global tally of COVID-19 cases nears 160 million and variant first found in India is now in 44 countries

The global tally of confirmed cases of the coronavirus-borne illness COVID-19 edged closer to 160 million on Wednesday, as an independent panel said the crisis was preventable if world leaders had better coordinated their response and moved faster to limit illness and deaths. See full story.

MARKETWATCH PERSONAL FINANCE

Are vaccine holdouts ‘pathologically narcissistic’ or exercising their civil rights? And do private businesses have the right to refuse them? The Moneyist weighs in. See full story.

The Ratings Game: Grocery Outlet’s inability to grow online is a ‘competitive disadvantage’ that will be hard to overcome

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