More stimulus, low-rates and Bitcoin — Here's what we're reading this week

Bankrate's investing and wealth management reporter, Jim Royal, shares his reading list for the week.

More stimulus, low-rates and Bitcoin — Here's what we're reading this week

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    Meet Jim

    James F. Royal, Ph.D., is a senior reporter for investing at Bankrate, and has been investing in the stock market for more than two decades. Royal is the author of The Zen of Thrift Conversions, and holds a doctorate from the University of Florida.

    What's in the latest COVID relief bill?

    Are you wondering what’s included in the latest COVID relief bill? A new round of stimulus payments, extra unemployment payments, aid to governments, funding for vaccine distribution. Here’s the timeline for what’s coming next and what to watch out for.

    Threat of inflation remains low

    Powell reiterates that the Fed will keep rates low for the foreseeable future and calls on the government to spend more, says there is no threat of imminent inflation. Good statements to hear in light of recent hand-wringing and pearl-clutching over the threat of inflation.

    Tesla buys $1.5 billion in Bitcoin

    Tesla acquired $1.5 billion in Bitcoin, and appears to have done so before CEO Elon Musk tweeted various comments in support of this cryptocurrency and others and encouraging them to buy. The price of Bitcoin has climbed subsequent to his comments.

    Still not sure how Bitcoin works?

    Wondering what Bitcoin is, how it works and the real dangers and downsides of investing in it? This explainer runs through the biggest issues with the digital currency.