Sen. Bernie Sanders (Vt.), an independent who caucuses with Democrats, told NBC's "Meet the Press" on Sunday that he believes the Democrats are more "preferable" candidates for working-class voters than Republicans in the upcoming midterm elections.
What they're saying: "I believe, and most Democrats believe, that at a time when half our people are living paycheck to paycheck, we should raise the minimum wage to a living wage. No Republicans support that," he said.
The S&P 500 has lost value during President Biden's term, whereas it was in positive territory at this point in the terms of former Presidents Trump and Obama.
By the numbers: The S&P 500 is down 5.6% between the last market close before Biden's inauguration and this past Friday's market close.
My biggest obsession about the future of America is the fast — and permanent — rise of population, experimentation, wealth and dynamism outside New York, San Francisco and D.C.
Why it matters: Influence and power are forever spreading to places like Phoenix, Austin and Boise, as people seek better weather, cheaper living, more space, and more normal people and experiences.
Elon Musk said Saturday that the Starlink terminals from SpaceX provide a "battlefield advantage" that costs less than a new GPS satellite — but he tweeted that he'll foot the bill.
Why it matters: This is a quick reversal for Musk from defending his decision to ask for help paying for the Starlink service, saying SpaceX can't fund internet in Ukraine forever and that the Pentagon may need to foot the bill moving forward.
It's becoming increasingly clear that 2021 will be an outlier year in virtually every way for startups... except one. U.S. venture fundraising is on track for a new record this year, per new Pitchbook data.
Why it matters: This incredible amount of capital will be more concentrated than before.
The data is in, and it has confirmed what everyone's suspected: Venture-backed exits this year are on track to hit a five-year low, per Pitchbook.
Why it matters: Fewer distributions back to VCs' own investors are adding to the ongoing squeeze those investors have been feeling. The market's in turmoil, and many have been stretching their allocations into the asset class during the pandemic boom.
