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Daily Scoop 9-20

Daily Scoop 9-20

👋 Your Monday Scoops - Big market decline & TikTok sets a curfew

September 20, 2021

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Today's Scoop:Doom & Gloom

Big Picture

Markets had their worst day since May.
The U.S. government is at risk of default or shut down.
New financial policies in China are creating uncertainty.

The Market

⬇️

-1.7%

S&P 500: 4,357.73

1Mo:

-3%

| 1Yr:

+33%

| 5Yr:

+101%

Markets kicked off the week in a bad mood, falling the most in one day since May. A big real estate developer in China’s facing a debt crisis, and recent new financial regulations in China have left investors uncertain of the stability of the market. The U.S. is approaching another "default, shut down, or approve more debt" scenario again. Congress needs to approve an increase of the debt ceiling or the maximum amount of debt we can issue through treasury bonds.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Pfizer's

vaccine results on kids

TikTok's

setting usage limits

Activision's

employees aren't alright

Verizon's

green bonds

American's

watching their pay equity

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

When a company needs money, it can sell ownership shares (stock) or ask for a loan from public investors (bonds). Corporations have started issuing "green bonds" that are explicitly designated for projects that will have a positive environmental impact, like energy efficiency improvements, pollution prevention, clean transportation, sustainable agriculture, and more. Often, green bonds have tax incentives that are more attractive to investors than regular bonds.