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Trump Media stock tanked this week after a regulatory filing exposed significant losses and risk connected to its namesake. The news seemed incredibly obvious. A social media startup losing money? Trump Media being connected to the former president? And yet... the stock was hit with a 21% drop. Our Chart of the Week discusses why this illustrates one of the cardinal rules of markets.

The US economy added more jobs than expected in March. Here are the largest increases by industry: Health Care: +72.3K Government: +71K Leisure & Hospitality: +49K Read more: https://lnkd.in/eEaj6CAw

The US economy added more jobs than expected in March while the unemployment rate ticked lower. Data from the Bureau of Labor Statistics released Friday showed the labor market added 303,000 nonfarm payroll jobs in March, significantly more additions than the 214,000 expected by economists. Meanwhile, the unemployment rate decreased to 3.8%, from 3.9% in February. Read further: https://lnkd.in/eEaj6CAw

Americans are receiving bigger tax refunds as the tax day approaches. The average taxpayer refund jumped to $3,081, a 6% increase over the same week last year, according to the latest IRS filing data. So far, the total amount refunded — around $170 billion — is down from 2023, likely due to the current filing season starting one week later than last year's. https://yhoo.it/3VGr22Y

Switching jobs has become increasingly rewarding for workers in 2024. New data from ADP released Wednesday shows the median year-over-year pay increase for job switchers was 10% in March, the highest rate of growth since July 2023. Meanwhile, job stayers saw an annual wage gain of 5.1% during the month. https://yhoo.it/3TMgooV

Disney has successfully fended off activist investor Nelson Peltz in his quest to secure board seats at the company, officially ending a highly contested proxy battle that has plagued the entertainment giant and its CEO Bob Iger for months. https://yhoo.it/3VPtMLD

DoorDash is paying its delivery drivers in Pennsylvania additional money for a limited time to cover some benefits normally reserved for full-time employees. It will make monthly contributions starting in July into an individual savings account. The funds can be used for retirement savings or paying off health insurance premiums, for example. Read more via Bloomberg: https://yhoo.it/49CVIpj

Eurozone inflation fell unexpectedly last month, with consumer prices rising by 2.4% in the year to March as price pressures in the single-currency region continue to ease. This was down from the 2.6% rate in February, the statistical office of the European Union revealed, thanks to a fall in energy prices that pulled down overall inflation. Economists were expecting a reading of 2.5%. Core inflation, which excludes volatile food and energy costs, eased to 2.9% from 3.1%, while inflation fell to 2.3% in Germany (down from 2.7% the month before, and to 2.4% in France from 3.2%. It is the first time in two years core inflation has been below 3%. ✍️: Yahoo Finance UK Read more: https://lnkd.in/eP6wtnJW

President Biden’s administration held firm on proposed Medicare Advantage rates Monday, a break with recent practice that means health insurers are now facing lower payments than they’d anticipated for 2025. The decision rocked health insurer stocks Tuesday. Read more via Bloomberg: https://yhoo.it/3J9w6VT

The US labor market has remained resilient since the start of the year, but there are signs of some cracks forming underneath the surface. The unemployment rate has been picking up in states across the country. Or, more accurately, on either side of the country. But, the unemployment data might not be all bad for overall economic growth. Three of the largest states that have seen an increase in unemployment — California, New Jersey, and New York — have also seen immigration booms. Economist Claudia Sahm notes that these workers often have a "legitimately harder" time finding jobs, which would explain why state unemployment could increase as the new employees search for work. Read more: https://yhoo.it/4aDMJox