NewsWatch: Biden warns China could ‘eat our lunch’ as he calls for improving U.S. roads, bridges

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MARKETWATCH FRONT PAGE

President Joe Biden on Thursday said China would “eat our lunch” on infrastructure if the U.S. doesn’t move on its own plan for rebuilding roads and bridges. See full story.

A small-cap stock-market breakout is leaving the S&P 500 in the dust — here’s what it means for the rally

Shares of small-capitalization U.S. companies are leading the stock market higher — and that’s a good sign for the internal health of the rally, at least for now, analysts say. See full story.

Who owns bitcoin? Roughly 80% are held by long-term investors: report

Bitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian Copper.co. See full story.

With plan to license its tech, is Uber extending an olive branch to rivals, or grasping at straws?

As Uber Technologies Inc.’s core rides business suffered again during the pandemic, company executives made some intriguing statements on Wednesday, including the possibility of licensing its technology to its taxi and transit rivals. See full story.

KPMG boss stands aside after telling staff to ‘stop moaning’ and ‘playing the victim’ about COVID work conditions

Staff didn’t take kindly to Bill Michael’s comments, saying “It’s incredibly insensitive.” See full story.

MARKETWATCH PERSONAL FINANCE

Senate Majority Leader Chuck Schumer and Rep. Alexandria Ocasio-Cortez told New Yorkers Monday that they could expect to receive up to $7,000 from FEMA for funeral expenses incurred. See full story.

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