Asian Americans have been bumped during the pandemic from their historical perch of having the lowest jobless rate of any major ethnic group, but experts say it’s unclear why.
U.S. stocks finished slightly lower Thursday as investors contended with higher bond yields and the threat of inflation given expectations for the the economy to recover quickly later this year.
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.
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.