NewsWatch: Americans are draining their checking accounts as stimulus talks drag on

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MARKETWATCH FRONT PAGE

Direct stimulus checks and enhanced unemployment benefits allowed lower-income Americans to increase their checking-account balances by 65% year-on-year in April. See full story.

Why Tesla bulls are in the driver’s seat as the stock nears inclusion in the S&P 500

Short interest in Tesla is not as high as investors perceive, writes Mark Hulbert. See full story.

Facebook declares war on Apple

Facebook launched a PR assault against Apple on Wednesday, proclaiming that the iPhone maker’s upcoming changes to its mobile operating system will hurt small businesses’ ability to target advertising and app makers’ ability to offer free content. See full story.

This retirement investment generates steady income without dramatic risk

Many investors (and advisers) find this investment mystifying See full story.

Fed will keep buying bonds until there is ‘substantial progress’ in inflation, labor market goals

The Federal Reserve said Wednesday it will continue to buy at least $120 billion of Treasury bonds and mortgage assets until it has made ‘substantial further progress’ in meeting its labor market and inflation goals. See full story.

MARKETWATCH PERSONAL FINANCE

‘We are using MarketWatch to learn how to trade stocks and stuff at school, but we start off with $500,000, and I would be starting off with maybe $10 or $20 dollars in my account.’ See full story.