|
|
|
|
US stock markets survived and thrived during the worst of the pandemic, but the delta variant surge scared investors into the biggest drop of 2021. |
|
|
|
|
|
|
|
Wall Street takes a tumbles amid growing COVID concerns It wasn't exactly Black Monday, but major corrections to the US stock markets amid yet another COVID-19 scare were enough to serve as a wake-up call for investors who have been riding the recent wave. The dive began before the US markets' opening bell as European and Asian indices took big hits. The roller coaster ride continued throughout the day in the US as the Dow Jones Industrial Average fell 1,000 points before rebounding a bit ahead of the closing bell. The big question today is whether it is was correction or a trend. SEE HOW THE MARKETS FARED AND WHICH STOCKS TANKED
Biden, allies call out China for massive attack on Microsoft Russia has been the primary target of the US for harboring cybercriminals who have been launching ransomware attacks against American companies and government agencies, but it seems China is to blame for a recent attack on a major US outfit. President Joe Biden on Monday accused China of carrying out a massive attack on Microsoft, calling on its allies to join together to condemn the actions. One White House official cited China's "pattern of irresponsible, disruptive and destabilizing behavior in cyberspace, which poses a major threat to our economic and national security." GET THE STORY BEHIND CHINA'S ATTACK ON MICROSOFT
Nike may run out of shoes due to production issues in Vietnam "It's gotta be the shoes!" With apologies to the former Nike pitchman character Mars Blackmon's catch phrase, how else could one explain the impending shortages of the popular designer footwear? It seems a COVID surge in Southeast Asia, particularly Vietnam, where half of Nike's shoes are produced, is creating a shortfall at the worst possible time for US consumers -- back-to-school shopping season. Nike has been stocking up in anticipation of supply issues but the fall run on the sneakers could leave Nike fans barefooted. FIND OUT WHICH NIKE BRANDS ARE RUNNING LOW ON KICKS
|
|
 |
Markets
| DJIA | 33,962.04 | -2.09% |
| S&P 500 | 4,258.49 | -1.59% |
| Nasdaq Composite | 14,274.98 | -1.06% |
| Japan: Nikkei 225 | 27,512.69 | -0.51% |
| UK: FTSE 100 | 6,844.39 | -2.34% |
| Crude Oil Futures | 66.91 | 0.74% |
| Gold Futures | 1,818.80 | 0.53% |
| Yen | 109.52 | 0.06% |
| Euro | 1.18 | -0.03% | | * As of market close |
|
|
 |
Capitol rioter receives 8-month sentence
It's been over six months since the Jan. 6 attack on Capitol Hill, and one pro-Trump rioter will be spending more time than that in jail after pleading guilty to a felony and being sentenced to eight months behind bars. It was the stiffest penalty yet but similar sentences may be handed down soon. Florida protestor Paul Hodgkins was hit with the harsh sentence despite even the prosecution admitting he didn't commit any acts of violence. The sentence serves as a sign of how other upcoming cases might be handled as the riot roundup continues. It's a high price to pay for an act of treason. FIND OUT WHAT THE JUDGE HAD TO SAY ABOUT RIOTERS' RIGHTS
|
|
|
|
Medical group calls for school mask mandates
Back-to-school shopping lists might include one item that students, parents and teachers alike had hoped were things of the past -- masks. At least that's the advice the American Academy of Pediatrics issued Monday as schools prepare to reopen in the coming weeks amid a surge. The raging Delta variant has not only proven to be more transmittable than the original version of the coronavirus that swept across the planet last year, but it also seems to have a larger effect on children. The AAP suggests a mask mandate will help contain the spread until children can be safely vaccinated as ages 2 and older prepare to be inoculated. SEE WHAT DR. FAUCI SAID ABOUT THE AAP'S RECOMMENDATION
|
|
Consumers feel the pinch of foam shortage
Americans have made the adjustment to pandemic-related shortages of everything from toilet paper to ketchup packets, but the latest supply-chain disruption is becoming a literal pain in the back sides of consumers. A shortage of foam padding that provides more cushion for your tush in cars, furniture and other items is creating a backlog for several industries. While some items such as cars, boats and RVs have also encountered issues with microchip shortages, other products like chairs, sofas and beds that rely heavily on the foam insulation are in short supply. Some estimates say the logjam could push availability back as much as a year. FIND OUT WHY FOAM PADDING IS FEELING THE PANDEMIC PINCH
|
|
|
|
|
|
Lunar lunacy
On this day in 1969, Neil Armstrong became the first man to walk on the Moon, but he wasn't originally scheduled for the historic honor. Who was? Monday's answer: Jeff Bezos originally planned to name his upstart company "Cadabra" before being talked into going with "Amazon" instead. SEND YOUR ANSWER HERE TO SHOW OFF YOUR KNOWLEDGE
|
|
Tell a friend
There's no better way to start your day than by waking up with Fast Start, except perhaps sharing it with friends. Spread the word by forwarding today's copy to your crew and tell them to let us know you sent them. HERE'S THE EMAIL ADDRESS YOUR FRIENDS WILL NEED
|
|
Was this email forwarded to you? Sign up here.
|
|
IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe.Â
© Copyright 2021 IBTimes LLC. All Rights Reserved.
|
|
