Good morning. The economy is showing more signs of recovery — jobs are coming back, the stock market is up (again) and people are spending money. Here’s the latest in business and tech news for the week ahead. Stay safe out there. — Charlotte Cowles
What’s Up? (April 11-17)
So, what did you buy with your stimulus check? Retail sales in March blew past expectations, soaring nearly 10 percent as the latest round of federal relief funds trickled into bank accounts. Restaurants and bars saw a 13 percent bump in business, and sales of clothing and accessories rose 18 percent — people are getting out and about and need new clothes after a year of sweatpants. Another sign of better times ahead: Last week’s jobless claims dropped to their lowest level since the pandemic began.
Crypto Goes Mainstream
With much fanfare, Coinbase — a marketplace where people buy and sell digital currencies like Bitcoin — went public on…