NewsWatch: Elon Musk is ‘definitely too influential on Bitcoin prices’ says head of crypto hedge fund—but that may change

MARKETWATCH FRONT PAGE

Elon Musk caused more calamity in bitcoin price action late Thursday and into Friday, leading at least one crypto hedge-fund manager to describe the Tesla Inc. CEO and prolific tweeter as “too influential on bitcoin prices.” See full story.

Contractor slashed Facebook janitors’ paid holidays and blamed the tech giant, but reversed course after questions

A contractor said this week it is restoring holiday pay to Facebook Inc. janitors after questions from MarketWatch about why hundreds of workers lost more than half their paid holidays during the COVID-19 pandemic. See full story.

Interactive Brokers founder says problem with AMC Entertainment memes: ‘People…will lose a very substantial amount of money’

When the music stops for the meme stocks, investors could be looking at big losses, warns Thomas Peterffy, founder and chairman of Interactive Brokers Group Inc. See full story.

The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening

Investors may need to consider private equity to capture the returns that publicly traded stocks have provided. See full story.

Teen jobless rate falls to lowest point in years — ‘The rebound has been really good for them’

One economist says it's 'not unequivocally great news.' See full story.

MARKETWATCH PERSONAL FINANCE

Also, retirement locations and how to talk to young people about money and investing. See full story.

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June 06, 2021 at 01:00AM
MarketWatch
http://www.marketwatch.com/news/story.asp?guid=%7B808F13BC-E998-44D9-8A25-A5EFAAE84740%7D&siteid=rss&rss=1