Recap June 6: Elon Musk Breaks Bitcoin Again, Minimum Global Tax, Meme Stocks Explode (Recap Ep126)

In this week’s recap, U.S. benchmark indices were slightly higher, as investor concerns over the consequences of a strong economic recovery, marked by surging inflation, continued to trouble the overall market. Friday, May jobs report showed solid gains, boosting investor confidence in an economic comeback. Russia has been gradually reducing its dollar holdings since the imposition of Western sanctions following the annexation of Crimea in 2014. On Thursday, Russia says it will end all U.S. dollar assets in its National Wealth Fund [...]