Rich enough to retire

President Joe Biden’s election has done little to slow the inexorable surge of wealth among U.S. billionaires. In his first 100 days in office, amid the drumbeat of calls for the rich to pay more in taxes after decades of tax cuts, the 100 wealthiest Americans added a combined $195 billion to their fortunes, according to a Bloomberg analysisDavid E. Rovella

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic globally and across America

Here are today’s top stories 

U.S. personal incomes soared in March by the most in monthly records back to 1946, powered by a third round of pandemic-relief checks that also sparked a sharp gain in spending

The market rally that seems never-ending is spurring investors to seek out weirder, real-time data to get ahead of the curve. Things like amusement park ticket sales, business-class plane reservations and even drive-thru traffic at McDonald’s

Stocks dropped from their most recent record as traders assessed corporate earnings, economic data showing potential inflation pressures and hawkish remarks from a Federal Reserve official. The dollar climbed. Here is your markets wrap.

Well-off Americans are rushing to get out of the rat race entirely, retiring extra-early after a year of being up-close-and-personal with their mortality. The unprecedented rise in shares and home values during an economic crisis is easing the retirement path for those who have savings and investments. For the many millions of Americans still without a job, let alone savings, the outlook is less rosy.

The drive-thru line at a McDonald’s in Oakland, California

Photographer: David Paul Morris/Bloomberg

HSBC Holdings’s global banking unit is battling burnout. The bank said it will raise fixed pay for junior investment bankers in key hubs and hire more of them to share the workload.

And it’s not alone, as young financial professionals suddenly seem to have the upper hand. JPMorgan said last week it plans to add almost 200 staff, joining Goldman and Jefferies in bolstering its ranks.

Europe’s botched vaccination rollout just might be coming to an end. In the U.S., Biden banned most travelers from India beginning Tuesday as that nation struggles to combat the worst surge of coronavirus cases in the world. Inside the U.S., passengers on airplanes, buses and railroads will have to keep wearing masks. Here is the latest on the pandemic.

What you’ll need to know tomorrow 

What you’ll want to read in Bloomberg CityLab

Come Inside the QAnon of Architecture

On YouTube videos and Reddit boards, adherents of a bizarre conspiracy theory argue that everything you know about the history of architecture is wrong. Sound familiar?

Believers in the “Tartaria” conspiracy theory are convinced that fairgrounds built for events like the Panama-Pacific International Exposition in San Francisco in 1915 were actually the ancient capital cities of a fictional empire.

Photographer: Schenectady Museum Association/Corbis Historical via Getty Images

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