March 13, 2021

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The Week in Review

The beginning of the week saw markets fall on treasury yields, but stimulus news and upbeat CDC vaccination comments favored reopening beneficiaries.

There was upward pressure on treasury yields, but then a key government report showed in-line inflation data, easing worries over upward pricing pressure and risk of rising rates.

President Biden signed $1.9 trillion of stimulus into law, further boosting sentiment, after recent inflation relief along with better jobs data.

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This Week's Top Stories

President Biden Signed the $1.9 Trillion COVID-19 relief bill. The legislation will send direct payments of up to $1,400 to most Americans which could arrive as soon as this weekend. Here's three things to consider next.

HBC, the owner of Saks Fifth Avenue, plans to separate the brand’s brick-and-mortar stores from its ecommerce operations. Venture-capital firm Insight Partners has invested $500 million in the iconic brand’s online division. Learn more about Sak’s decision and changing trends in the world of luxury ecommerce.

Travel search engine KAYAK is building an app aimed at helping independent hotel owners offer digital services to compete with their larger rivals. Through the KAYAK (BKNG) app, guests at independent hotels will be able to check in, lock their rooms, request food or fresh towels, and more. Learn more about KAYAK’s plans and new trends in the travel industry.

Deep Dives from SoFi Learn

How much does it cost to remodel a house? A good budget can mean a great renovation. Here’s how to break down the cost per room and project—plus how to finance the whole thing.

What is considered a bad credit score? Your credit score affects whether you qualify for a mortgage, auto loan, or credit card. Here’s how to know if you have a bad score—and what to do about it.

There are a few key differences between index funds and mutual funds. Learn more about these funds and see what is best for your investing goals.

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