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Dogecoin sinks as Elon Musk calls it ‘a hustle’ on SNL – Yahoo Finance

Jeremy Welch, Kraken’s Chief Product Officer, joined Yahoo Finance to discuss the outlook for crypto and Dogecoin after Elon Musk calls it ‘a hustle’ on SNL.

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In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained by 0.7%. That last would seem to be a positive except that, combined with the massive government stimulus injecting cash into the economy higher wages are seen as a portent of inflation. At first…

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