NewsWatch: SpaceX successfully launches U.S. astronauts into space

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Space Exploration Technologies Corp. on Saturday successfully launches the first astronauts into space from U.S. soil in nine years. The capsule carrying NASA astronauts reached orbit on its way to the International Space Station. See full story.

Why the stock market is due for ‘consolidation’ as Trump takes aim at China

After a sharp run-up for U.S. stocks, rising tensions between Washington and Beijing could spark a round of near-term consolidation that could prove to be an entry point for investors, a prominent Wall Street bull said Friday. See full story.

We’re in a new paradigm for stocks, this analyst argues. Get ready for permanently higher valuations.

We’re no longer in the high-interest-rate, industrial-heavy economy of the 20th century, and that means higher valuations are possible. See full story.

These stocks performed best in May as the market rally continued

Information technology, materials and communications services were the top sectors. See full story.

The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs

For every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research shows. See full story.

MARKETWATCH PERSONAL FINANCE

Also, COVID-19 and creative accounting, stimulus debit cards and how early retirees are handling the coronavirus crisis. See full story.

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