Is this the Manchin rally? Bonds are rising and stocks at record high as spending expectations wane
MARKETWATCH FRONT PAGE (http://www.marketwatch.com)
You wouldn't expect stocks and bonds to rise after a hotter-than-forecast inflation reading in a market that has been obsessed with the I-word, yet that's what happened on Thursday. See full story (http://www.marketwatch.com/story/is-this-the-manchin-rally-bonds-are-rising-and-stocks-at-record-as-spending-expectations-wane-11623408998).
Rich IPO paydays for Airbnb, DoorDash CEOs lead influential advisory firms to target execs at their first shareholder meetings
ISS and Glass Lewis are recommending shareholders withhold their votes from Airbnb Chairman and Chief Executive Brian Chesky and DoorDash Chairman and CEO Tony Xu because of their compensation, the control they wield over the companies they co-founded and other corporate governance issues. See full story (http://www.marketwatch.com/story/rich-ipo-paydays-for-airbnb-doordash-ceos-lead-influential-advisory-firms-to-target-execs-at-their-first-shareholder-meetings-11623367359).
We put 6 more meme stocks' numbers to the test and the differences are telling
Digging deeper into the the meme stock phenomenon, there are big difference between Palantir, Wendy's, Canoo and other companies. See full story (http://www.marketwatch.com/story/we-put-6-more-meme-stocks-numbers-to-the-test-and-the-differences-are-telling-11623329444).
Inflation is surging. How high will it go? Check out MarketWatch's new tracker.
The cost of living --- aka inflation --- has surged to the highest level in more than a decade as the U.S. economy fully reopens. How high will it go? How long will it last? MarketWatch is keeping track. Check out our new inflation monitor. See full story (http://www.marketwatch.com/story/inflation-is-surging-how-high-will-it-go-check-out-marketwatchs-new-tracker-11623349730).
What is inflation? Hint: It's not the 12% increase in rental-car prices last month
'If you're someone who's going to the grocery store on a regular basis or even to the gas pump, and you're noticing that those prices are rising, that doesn't always necessarily count as inflation. See full story (http://www.marketwatch.com/story/rental-cars-cost-12-more-last-month-it-must-be-inflation-right-yes-and-no-11623331994).
MARKETWATCH PERSONAL FINANCE (http://www.marketwatch.com/personal-finance/)
Republican Sen. Chuck Grassley said such money is 'sitting stagnant to provide tax advantages for some and management fees for others.' See full story (http://www.marketwatch.com/story/billions-of-dollars-earmarked-for-charity-are-sitting-stagnant-a-new-bill-could-get-the-money-flowing-11623363726).
-MarketWatch; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 11, 2021 09:00 ET (13:00 GMT)
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