Data: Investment Company Institute; Chart: Andrew Witherspoon/Axios

Thursday's stock market jubilation came in stark contrast to the general malaise that has gripped investors for much of this month.

Driving the news: Money market funds, which are effectively savings accounts, saw their two largest weeks of inflows in history, as investors flooded into the safety of cash, data from the Investment Company Institute shows.

Details: A total of $286 billion was pushed into money market funds in the week ending March 25 — a 7.3% increase over the previous week's total and the largest inflow ever in terms of amount and percentage gain.

  • This week's record increase was in comparison to last week (ending March 18), which was a 4.2% increase from the week before and had been the largest weekly percentage gain in history.
  • The past three weeks rank as three of the top five largest weeks of inflows to money market funds ever recorded.

Go deeper: The growing coronavirus recession threat

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Felix Salmon, author of Capital
17 mins ago - Economy & Business

A white-collar crime crackdown

Illustration: Eniola Odetunde/Axios

America has waited a decade for an aggressive government crackdown on white-collar crime. Now, just before the election, and in the middle of a bull market, it has arrived.

Why it matters: When times are good, investors become more trusting and more greedy. That makes them more likely to put their money into fraudulent or criminal enterprises.

  • After a decade-long bull market, there is no shortage of those frauds to prosecute.
45 mins ago - Technology

Lawyers crystal-ball the Google antitrust case

Illustration: Eniola Odetunde/Axios

The Justice Department's antitrust suit against Google is a strong, straightforward monopoly case, competition lawyers and experts tell Axios. But that doesn't mean it'll be an easy journey for the government.

The big picture: Winning any antitrust case is a heavy lift. It's even more of a challenge to pull off victory in a future-looking case that seeks to make room for potential new competition to flourish.

The pandemic is getting worse again

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Data: The COVID Tracking Project, state health departments; Note: Due to a database error, Missouri had a 3 day gap in reporting from Oct. 11-13; Map: Andrew Witherspoon/Axios

Every available piece of data proves it: The coronavirus pandemic is getting worse again, all across America.

The big picture: As the death toll ticks past 212,000, at a moment when containing the virus ought to be easier and more urgent than ever, we are instead giving it a bigger foothold to grow from.