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Sagging job gains can’t keep U.S. markets from record highs

This is the web version of Bull Sheet, a no-nonsense daily newsletter on what’s happening in the markets. Sign up to get it delivered free to your inbox. Good evening, Bull Sheeters. This is Fortune finance reporter Rey Mashayekhi, filling in one final time this week for Bernhard with a special PM edition of the newsletter. Markets around the world ended the week on…

Why would Elon Musk move to Texas? The answer could be in the billions

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Tesla CEO Elon Musk has told friends and family he’s moving from California to Texas, CNBC reported on Friday. The news doesn’t come out of nowhere. In May, Musk announced he planned to sell all of his California properties, including…

$1,200 stimulus checks ‘may be still in play’ says Biden

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Is there still hope of finding a stimulus check in your stocking this year? President-elect Joe Biden seems to hope so. Biden was speaking in Wilmington, Delaware after the announcement Friday morning that the U.S. economy added just 245,000 jobs…

Black women-founded startups are increasing—but they still raise far less than average

There’s good and bad news for Black women founders, Google employees protest the dismissal of an ethical AI expert, and whose god is Charlamagne anyway? But first, here’s your never-ending-the-war-on-drugs week in review, in Haiku. Well, at least for onebrief shining moment we canimagine a world where Jamaal doesn’tlose his future for the samejoint that doesn’t seem to trip up…

Pfizer’s vaccine setback spoils Wall Street’s bullish mood

This is the web version of Bull Sheet, a no-nonsense daily newsletter on what’s happening in the markets. Sign up to get it delivered free to your inbox. Good evening, Bull Sheeters. This is Fortune finance reporter Rey Mashayekhi, filling in this week for Bernhard with a special PM edition of the newsletter. Positive data around U.S. jobless claims and economic activity drove markets…

Congress should legalize cannabis now—for the economy and for social justice

Over the course of 2020, Congress has at times acted quickly to stop the hemorrhaging of American jobs lost to the pandemic fallout. And at other times, including now, Congress has fiddled over the contents of massive relief packages. One thing is certain: As cases continue to surge nationwide, American families facing grave uncertainty have found little relief.  Meanwhile, for minorities, particularly…

COVID-19 vaccine distribution effort targeted by hackers

IBM security researchers say they have detected a cyberespionage effort using targeted phishing emails to try to collect vital information on the World Health Organization’s initiative for distributing COVID-19 vaccine to developing countries. The researchers said they could not be sure who was behind the campaign, which began in September, or if it was successful. But the precision targeting and…

Odds of a second $1,200 stimulus check continue to fall

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. For the millions of Americans waiting on another stimulus check this winter, the news isn’t good: Those $1,200 checks may not be coming. On Tuesday, a group of bipartisan senators including Republican Mitt Romney and Democrat Joe Manchin announced a…

11 Things You Should Know Before You Get Your First Credit Card

A credit card may seem like just another tool to help you make purchases, but it can be much more. When used responsibly, a credit card can help you build

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

How Is Credit Card Interest Calculated?

So your bank tells you that your credit card has a 15% APR. What does that actually mean? How does your bank calculate your interest rate, and how does that translate into how much you actually pay? …

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

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