Illustration: Rae Cook/Axios
The S&P 500 is just below its record high. But most stocks in the index are actually down significantly, which has some concerned.
Why it matters: This implies that the gains driving the market index to record highs are not evenly distributed. But, it’s also not an unusual dynamic in the S&P’s recent history.
Russian President Vladimir Putin speaking in Moscow on Sept. 13. Photo: Mikhail Svetlov/Getty Images
Russian President Vladimir Putin will isolate himself for an undisclosed amount of time after people in his inner circle tested positive for the coronavirus, the Kremlin said Tuesday.
Why it matters: Putin has tested negative for the virus and received his second dose of the Russian coronavirus vaccine, Sputnik V, in April, according to ABC News.
Photo illustration: Aïda Amer/Axios. Photo: Ty B Photos
The Biden administration sent another warning to Big Tech on Monday in nominating longtime privacy advocate Alvaro Bedoya to the Federal Trade Commission.
Why it matters: Bedoya's expertise on data collection and surveillance, combined with Biden's pick to lead the FTC, tech antitrust legal scholar Lina Khan, signals aggressive action from both the consumer protection and antitrust arms of the agency.