Apple traded above its 2015 record close of $133 per shareafter two influential analysts touted the stock Monday. The Dow Jones also touched a new intraday high, as investors continue to believe that business-friendly tax reform will get passed this year.


Why investors like Apple: UBS analyst Steven Milunovich cites the underappreciated services segment — which includes revenue from the App store, iCloud, and iTunes, to name a few, as one reason to bid the stock higher: CEO Tim Cook promises to double revenue from services by 2020. Rumors of a radical redesign of the iPhone for the iPhone 8 release led Goldman Sachs analyst Simona Jankowski to raise her price target, on the expectation that upgrade volume will be strong.

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Investors are ignoring the coronavirus pandemic by buying stocks and gold

Illustration: Eniola Odetunde/Axios

U.S. economic data is crumbling as increasing coronavirus cases keep consumers at home and force more cities and states to restrict commerce, but the stock market has continued to rise.

What's happening: Bullish fund managers are starting to lay down bets that it will be this way for a while. "The reason is: You have monetary and fiscal policy pushing the economy out of a problem and that is very, very bullish," Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, tells Axios.

How Trump's push to reopen schools could backfire

Illustration: Aïda Amer/Axios

The Trump administration’s full-steam-ahead push to fully reopen schools this fall is on a collision course with the U.S.' skyrocketing coronavirus caseload and its decades-long neglect of public education.

Why it matters: Getting kids back to school is of paramount importance for children and families, especially low-income ones. But the administration isn’t doing much to make this safer or more feasible.

Coronavirus squeezes the "sandwich generation"

Illustration: Eniola Odetunde/Axios

As the coronavirus poses risks and concerns for the youngest and oldest Americans, the generations in the middle are buckling under the increasing strain of having to take care of both.

Why it matters: People that make up the so-called sandwich generations are typically in their 30s, 40s and 50s, and in their prime working years. The increasing family and financial pressures on these workers means complications for employers, too.