Industrials and materials will likely be the biggest beneficiaries of an infrastructure bill, along with U.S. small-caps, say strategists at Bank of America. See full story.
Amazon-backed Deliveroo’s shares slump 30% on London stock market debut
Shares price at 390 pence a share, at the bottom end of the initial range. See full story.
‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call
Wall Street on Tuesday may be seeing muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses. See full story.
The stock market could double by 2030 because COVID has ‘utterly changed’ the policy environment: analyst
A prominent stock-market analyst throws in the towel as the S&P 500 index nears his end-of-decade target with “eight-and-a-half years to go,” writing that he now agrees with colleagues that the U.S. benchmark could hit 8,000 by 2030. See full story.
Bitcoin knocking on door of $60,000 again on news from PayPal, Visa and Dapper Labs
Greater adoption of crypto assets by payments companies recently may be helping to support a surge in bitcoin prices toward an all-time high. See full story.
A single filer with $90,000 in taxable income and no retirement plan through work could cut their federal tax bill by $308 dollars if they put the complete $1,400 check in their IRA. See full story.