Mad Times FinancialYour World...Your Money...Your NewsSeptember 2021

Market Sell-off Accelerates Before the Open With Dow Futures Dropping 650 Points

September 20, 2021 Alyssa Comments Off

CNBC.com: U.S. stock futures began the week deeply in the red as investors continued to move to the sidelines in September amid several emerging risks for the market. Futures on the Dow Jones Industrial average lost […]

Five Things in Crypto This Week: Binance, NFTs and the Walmart Hoax

September 17, 2021 Alyssa Comments Off

FNLondon.com: In another busy week for cryptocurrencies, Binance, dogecoin and non-fungible tokens took the spotlight. As regulators continue to clamp down on the sector, some of crypto’s largest businesses including Binance and Coinbase are making […]

Apple Issues Emergency Security Updates to Close a Spyware Flaw

September 16, 2021 Alyssa Comments Off

NYTimes.com: Apple issued emergency software updates for a critical vulnerability in its products on Monday after security researchers uncovered a flaw that allows highly invasive spyware from Israel’s NSO Group to infect anyone’s iPhone, iPad, Apple Watch or Mac computer […]

From Zippers to Glass, Shortages of Basic Goods Hobble U.S. Economy

September 16, 2021 Alyssa Comments Off

Reuters.com: For Lauren Rash, it’s the little things that have snarled production at her tent factory here, like the many shades of black Velcro. Her company, Diamond Brand, just launched a new line of high-end wall tents […]

Dow Wavers Ahead of Economic Data, Evergrande Woes Weigh on China—and What Else Is Happening in the Stock Market Today

September 16, 2021 Alyssa Comments Off

Barrons.com: Wall Street was headed for an uninspired open Thursday after reversing days of losses Wednesday, as investors look ahead to economic data. Futures for the Dow Jones Industrial Average pointed down less than 10 points, after […]

Inflation Eased in August, Though Prices Stayed High

September 15, 2021 Alyssa Comments Off

WSJ.com: Inflation cooled slightly in August but remained strong, as a surge in Covid-19 infections slowed economic growth and pandemic-related shortages of labor and supplies continued to drive up prices. The Labor Department said last month’s consumer-price […]

Economy

Truck Driver Shortage Hits Record High, Threatening to Hurt Holiday Shopping

FoxBusiness.com: The holidays could become more complicated this year as the shortage of truck drivers continues to grow. The American Trucking Association reports there is a shortage of 80,000 truck [...]
Housing Market

Zillow Quits Home-Flipping Business, Cites Inability to Forecast Prices

FoxBusiness.com: Termination of ‘iBuying’ comes after company said it was halting new home purchases for rest of 2021 Real-estate firm Zillow Group Inc. is exiting from the home-flipping business, saying [...]
China

China Is Losing Its Place As The Center Of The World’s Supply Chains, Here Are 5 Places Supply Chains Are Going Instead

BusinessInsider.com: China’s COVID-19 policies are pushing companies to diversify supply chains away from the country. They had already begun moving out over geopolitical tensions and tariffs from the Trump era. [...]
Personal Finance

Credit Card Debt Hits Eye Popping $1T For The First Time Ever

FoxBusiness.com: Americans are increasingly turning to their credit cards to cover everyday expenses, with debt surpassing $1 trillion for the first time at the end of June, according to a [...]
Economy

Median U.S. Household Income Rises 6.8% to $68,700 in 2019, Poverty Rate Falls For Fifth Year

USA Today: Americans’ incomes rose sharply last year and fewer people were living in poverty but a growing number went without health insurance for the second straight year. The numbers [...]
IPO's

Bumble Skyrockets 18% After Revenue Tops Analyst Estimates in the Company’s First Public Earnings Report

BusinessInsider: Bumble stock skyrocketed as much as 18% on Thursday.The online dating platform posted 31% revenue growth in its first public earnings report.Bumble increased total paying users to 2.7 million [...]