NewsWatch: Investor whose winning stock-market bet amid coronavirus returned over 4,100% says ‘we are in a boom-and-bust cycle, an epic, monumental boom-bust cycle’

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MARKETWATCH FRONT PAGE

Mark Spitznagel, founder of Universa Investments, explained to CNBC during a Monday interview why he thinks that market participants should be cautious as the S&P 500 nears its first record since the coronavirus-induced rout that rocked the Dow Jones Industrial Average and the Nasdaq Composite Index and the U.S. economy. See full story.

‘Fortnite’s’ impact could be Epic on antitrust investigations of Big Tech

Privately held Epic could prove to be Apple’s most dangerous antagonist, both financially and symbolically. See full story.

Here’s how to watch the Democratic convention — plus who’s speaking, and when

Beginning Monday on a computer screen or TV set near you: the 2020 Democratic National Convention. See full story.

The new savings target for a modest retirement: $8 million?

The 4% Rule has long been used as a guideline for retirees in determining how much they should be able to withdraw from their retirement account while still maintaining a balance that will allow for the same income stream to flow through their golden years. Now, according to one blogger, you can throw it out the window. See full story.

New York City is ‘dead forever,’ according to this proud New Yorker

Will the city that never sleeps ever wake up? Not according to James Altucher, a best-selling author and former hedge fund manager, who says that New York City is “dead… forever.” See full story.

MARKETWATCH PERSONAL FINANCE

Business has bloomed beyond the typical restaurant buyers for Guy Furman, who runs the once almost exclusively wholesale Windy City Mushroom in Chicago. The mushroom “factory’s” survival — expansion, even — was the result of evolving consumer palates, home delivery and a push to buy local during food shortages. See full story.

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