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Right here’s what you’ll want to know to navigate the markets at this time.
• Bitcoin plunged 15% in a single day earlier than recovering about half its losses on Sunday. Simply days earlier, the main cryptocurrency by market cap had reached an all-time excessive of
It’s unclear why Bitcoin’s worth fell so sharply. One thought floated is that the drop was associated to considerations that the U.S. Treasury would possibly crack down on cash laundering carried out by way of digital property, . Curiosity in cryptocurrencies has soared as Bitcoin is now accepted as fee for the whole lot from a brand new Tesla to . Bitcoin was buying and selling round $55,700, down about 8%, as of 1 p.m. Japanese time on Sunday.
• A call on whether or not to renew utilizing Johnson & Johnson’s Covid-19 vaccine within the U.S. ought to come by Friday,
Dr. Anthony Fauci
mentioned on on Sunday. “I don’t know what that’s going to be, however fascinated with what the probabilities are, one of many prospects could be to carry them again, however to do it with some type of restriction or some type of warning.” Use of the vaccine was halted on April 13 after stories of significant blood clots amongst six ladies who obtained it. One of many ladies died.
• Kroger closed two of its grocery shops in Lengthy Seaside, California, on Saturday after native officers accredited a “hero pay” ordinance to lift wages within the metropolis by $4 per hour. The ordinance prolonged pay for
can also be planning to shut three shops in Los Angeles subsequent month after officers there accredited hero pay measures to lift wages by $5 an hour. “The irreparable hurt that may come to staff and native residents as a direct results of the Metropolis of Lengthy Seaside’s try to select winners and losers, is deeply unlucky,” Kroger mentioned in a press release, reported. The California Grocers Affiliation filed an injunction to cease the will increase, however the effort was denied in federal court docket.
• Vacationers to Alaska will have the ability to get a Covid-19 vaccine on the airport beginning on June 1, as a part of the state’s multimillion-dollar marketing campaign funded by federal stimulus cash to carry guests again. Doses of the
or Moderna vaccine will probably be accessible to vacationers arriving on the Anchorage, Fairbanks, Juneau or Ketchikan airports, on Friday. “We consider there’s an actual alternative to get people to come back to Alaska once more,” whereas making the announcement. Alaska, which was the primary state within the nation to supply vaccines to residents 16 and older beginning on March 9, is becoming a member of that additionally provide vaccines to nonresidents.