Dow sheds 638 pts. ahead of inflation data and $5 gas, mortgage rates spike: LIVE UPDATES

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Dow sheds 638 pts. ahead of inflation data and $5 gas, mortgage rates spike: LIVE UPDATES

Exchange Traded Funds – Market Update

Breaking News

Dow sheds 639 points, Nasdaq sinks 2.7%, S&P 500 2% ahead of consumer inflation data

U.S. stocks closed at the lows of the session on Thursday ahead of the Consumer Price Index, due Friday, which is expected to show inflation remained near a 40-year high. Bond yields advanced again with the 10-year crossing 3% and the 2-year hitting 2.815%, the highest since December 2018. In commodities, oil closed at $121.51 with gas prices expected to hit $5 a gallon overnight.

Developing Story

Dow selling accelerates

Symbol	Price	Change	%Change
I:DJI	$32,677.87	-233.03	-0.71%

Dow laggards include Boeing, Disney, Visa and Apple, while Home Depot, 3M and Saleforce are notching modest gains.

Developing Story

Nasdaq pacing market selloff

Symbol	Price	Change	%Change
COST	$482.32	+14.33	+3.06%
SBUX	$80.07	+1.60	+2.04%

Costco and Starbucks buck the downtrend in the Nasdaq Composite.

Nasdaq Composite Index.

Improved Business Bureau Updates Child Privateness Pointers

The Children’s Advertising and marketing Critique Unit (“CARU”), a aspect of the Improved Small business Bureau Nationwide Systems (“BBBNP”), released its revised Children’s Marketing Suggestions (the “Guidelines”) before this month. The Guidelines, which incorporate some notable variations, will go into result in January 2022.

The Recommendations, which previously only included commercials resolved to little ones age 12 and below, now will address young children ages 13 and underneath. This modify is meant to align with the Children’s Online Privacy Safety (COPPA) Rule and endorse uniformity in children’s marketing. CARU also separated its Promotion and Privacy guidance paperwork.

Recognizing that promotion to children is attaining acceptance on websites and apps, CARU adopted assistance for in-app and in-recreation promotion and buys. CARU advises advertisers to “not use unfair, misleading, or other manipulative tactics” aimed at pressuring children to check out ads or make purchases or to unknowingly interact with promotion. CARU emphasized

Amazon Updates Leadership Ideas In advance of Jeff Bezos Exit

Amazon updated its popular 14 management rules days before Jeff Bezos’ exit as CEO.
The 1st new theory is “Try to be Earth’s Best Employer,” a popular Bezos refrain.
The next is “Success and Scale Convey Wide Obligation.”

Amazon has amended its well-known firm values days in advance of Jeff Bezos is established to move down as CEO.

The ecommerce giant declared Thursday that it has up-to-date its management ideas, a list of 14 rules that Bezos created in the early days of Amazon. The listing contains rules that have outlined Amazon’s business enterprise, like “Customer Obsession,” “Frugality,” and “Provide Results.”

The two new concepts converse to the present sizing and scope of Amazon, which is now a $1.7 trillion company and one of the world’s largest employers. The initially new bullet — “Attempt to be Earth’s Greatest Employer” — appears to converse to an inner