Home Markets Financial Daily Dose 9.29.2021 | Top Story: Surging Bond Yields Send Markets...

Financial Daily Dose 9.29.2021 | Top Story: Surging Bond Yields Send Markets Plummeting | Robins Kaplan LLP

0

Markets continued what’s been a dismal end of September with their worst performance in months on Tuesday, with the three major indices averaging a 2% drop as Treasury bond yields rose over concerns about Fed tapering and the dual risk of a government shutdown and debt-ceiling catastrophe hung over Wall Street and the rest of the U.S. economy – NYTimes and WSJ and Bloomberg and MarketWatch

While support for Jay Powell’s re-nomination as Fed Chair appears to be growing, it’s definitely not coming from the senior member of Massachusetts’ Senate delegation, who on Tuesday promised to oppose another term for him, calling him a “dangerous man to head up the Fed” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360

The Journal continues its deep dive into Facebook’s troubled business model by showing—the day after the company temporarily set aside its Instagram For Kids effort—that Zuck & Co.’s efforts to target preteen users…

Click here for full article…www.jdsupra.com