This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 21, 2021 Two words that hint of volatility, connected by a third An ugly start to September, and the even uglier start to this week’s trading session, can be defined using two alliterative words that often unsettle investors. Correction and contagion. The first word relates to stocks that, as bulls are wont to remind us, usually… Source link

NEW YORK–(BUSINESS WIRE)–Yahoo Finance, a leader in business and financial news, today announced the next two installments in the All Markets Summit event series—All Markets Summit: The Path Forward will take place on Monday, October 25 at 9 a.m. ET and All Markets Summit+: Crypto Investing will take place on Monday, September 27 at 12:00 p.m. ET. All Markets Summit: The Path Forward will be an all-virtual summit hosted live from the Nasdaq in New York’s Times Square and… Source link

The Federal Reserve is not expected to announce any major policy change at the conclusion of its meeting on Wednesday, but markets could jitter from Fed signals that one could be coming soon. The Fed has signaled that it will likely start pulling back on its extraordinary monetary support before the end of the year. The Fed’s playbook calls for slowing its asset purchase program first, followed by interest rate hikes down the line. But Fed Chairman Jerome Powell has already communicated to… Source link

Three colors of Chromecast TV devices are displayed during the Google Launch Night In virtual event … [+] seen on a laptop computer in Tiskilwa, Illinois, U.S., on Wednesday, Sept. 30, 2020. Alphabet’s Google launched a new Chromecast TV device as it seeks to hold off Amazon from continuing to gain share in the smart home space. Photographer: Daniel Acker/Bloomberg © 2020 Bloomberg Finance LP Google may be looking to make its connected television platform even… Source link

New COVID stimulus checks are on the way for some US workers After a long year and a half, many Americans are hopeful that the worst economic pain from the pandemic is behind them. But some of the hardest hit workers with jobs that are considered essential are still reeling. Many of them had to dip into their own funds to pay for protective equipment or child care. Now, to assist with those expenses, the government intends to offer financial relief through what are essentially targeted… Source link

U.S. Energy Secretary Jennifer Granholm said Monday, extreme weather events this summer have elevated the urgency with which the Biden administration tackles the climate crisis. But, with less than two months to go until the UN Climate Change Conference (COP 26), she said the administration has no plans to boost its ambitions to slash greenhouse gas emissions in half from 2005 levels, by the end of this decade. “The fact that one-third of the country has experienced an extreme climate… Source link

Markets sold off on Monday amid worries about Chinese property giant Evergrande’s massive debt load, and one expert warns that there is more agony coming for anyone connected to Evergrande. “There’s going to be a lot of pain — almost everybody involved with this is going to get a chunk taken out of them, if not worse,” Leland Miller, CEO of China Beige Book, told Yahoo Finance (video above). Evergrande currently has over $305 billion in liabilities, and some worry about the potential risks… Source link

US President Joe Biden speaks about the economy and the middle class, in the East Room of the White House in Washington, DC, on September 16, 2021. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) Anybody seen the Tea Party? It ought to be an epic moment for the small-government movement that grew out of government bailouts following the financial crash of 2008. Democrats who control the White House and both houses of Congress by narrow margins are working… Source link

The FDA rejected Pfizer (PFE)/BioNTech’s (BNTX) booster shot recommendation for the general public in order to place greater focus on inoculating the unvaccinated populations and collecting more data on booster shots, Meghan FitzGerald, adjunct associate professor of health policy and management at Columbia University, told Yahoo Finance Live. Though the FDA rejected the booster for the general public by a large margin (16-2), the shot was endorsed unanimously for the elderly and… Source link

(Bloomberg) — Cryptocurrency prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets. Most Read from Bloomberg Bitcoin was down 8.1% to trade around $43,743 as of 5:11 p.m. in New York. It had dropped as much as as 10.7% earlier, which pushed it below $43,000 and to its lowest level since the beginning of August. Ether briefly dropped below $3,000. Popular DeFi tokens some of the biggest declines: Cardano fell more than 10%… Source link