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Pricey stocks may yet head higher as K-shaped economy maintains its grip on U S

Pricey stocks may yet head higher as uneven economic recovery maintains grip on U.S. David J. Lynch © Michael Nagle/Bloomberg A trader passes the front of the New York Stock Exchange on Dec. 9, 2020. (Michael Nagle/Bloomberg News) It takes more than mass death and suffering to throw Wall Street off stride. Popular Searches The coronavirus may be killing 3,000 Americans each day while lawmakers bicker over how to help the wounded U.S. economy. Yet stock prices keep powering higher. By one measure, shares are more expensive relative to earnings than they were on the eve of the 1929 crash. Three U.S. stock markets hit all-time highs this month, and the value of all global shares for the first time topped $100 trillion as investors bet on a post-pandemic return to normal in 2021. The stock price of rental marketplace Airbnb more than doubled Thursday, even as the Labor Department said nearly 1 million more Americans had applied for unemployment benefi

As 5-Year Anniversary of Paris Climate Agreement Nears, Biden Pledges Bold Initiatives

As 5-Year Anniversary of Paris Climate Agreement Nears, Biden Pledges Bold Initiatives
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