NewsWatch: So long, there-is-no-alternative trade. What should investors do now?

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MARKETWATCH FRONT PAGE

The swift and violent rise in bond yields has meant that equities are no longer the obvious choice to make on a relative valuation basis. See full story.

Pfizer vaccine can reduce transmission after 1 dose, new study finds

A single dose of the COVID-19 vaccine made by Pfizer and BioNTech reduces infections and lowers the risk of transmission, according to a new study. See full story.

Americans can’t file their income taxes fast enough — but they should brace for some unwelcome news in their 2020 returns

As of Feb. 19, only 8 full days into the 2021 filing season, the IRS received 34.69 million individual returns. See full story.

$15 minimum wage won’t make it into Biden’s $1.9 trillion COVID relief package — but lawmakers have other options

‘Democrats are unanimous that they want to raise the minimum wage. The question is, what level and how fast?’ See full story.

GameStop Round 2? How an options-buying frenzy is providing another jolt to meme stocks

Investors are taking another run at GameStop Corp. and other ‘meme’ stocks by aggressively buying out-of-the-money call options. Here’s how it works. See full story.

MARKETWATCH PERSONAL FINANCE

Applications for early admission, long seen as the easier path to elite schools, soar, and so do rejections. See full story.