What To Watch Today: Wall Street Looks Under Pressure With Just Days Left In September

Facebook (FB) announced Monday morning it's pausing its work on Instagram for kids, after facing a slew of backlash from users and lawmakers. "While we believe building 'Instagram Kids' is the right thing to do, Instagram, and its parent company Facebook, will re-evaluate the project at a later date," the company said in a statement. The kids app was supposed to allow children under 13 to access a new version of the photo-sharing social media service. (CNBC)

Alphabet's (GOOGl) Google is reducing the amount of revenue it keeps when customers buy software from other vendors on its cloud marketplace, as the top tech companies face increasing pressure to lower their so-called take rates. The Google Cloud Platform is cutting its revenue share to 3% from 20%, according to a person familiar with the matter who asked not be named in order to talk about internal policies. (CNBC)

Elon Musk reassured Tesla's (TSLA) commitment to China, saying the eclectic vehicle maker will continue to expand its investments there. Musk's comments came in a recorded Q&A-style stream at the World Internet Conference, hosted by the Cyberspace Administration of China. It's the second time this month Musk was highly complimentary of China, which is an important market for Tesla. (CNBC)

Boston Fed President Eric Rosengren announced Monday he's stepping down from his position, retiring nine months earlier than he had planned due to health concerns. In an announcement that comes on the heels of controversy the regional Fed leader had faced regarding personal stock trading, Rosengren revealed that he has been on a kidney transplant list since June 2020. (CNBC)

The German election is heading for tough coalition talks and a possible three-way power-sharing agreement in Berlin, after one of the country's most significant votes in recent years. Preliminary results on Monday morning showed the center-left Social Democratic Party gaining the largest share of the vote. (CNBC)

Britain could bring in the army to deliver gasoline after a weekend of panic buying left gas stations around the country without fuel. A major lack of truck drivers has meant deliveries of fuel and goods have recently fallen short in Britain. (CNBC)

Democratic New York Gov. Kathy Hochul said she's prepared to call in medically trained National Guard members, retirees and workers outside of the state to address potential staffing shortages caused by Monday's vaccine mandate deadlines for health care workers. (AP)

* Pfizer CEO Albert Bourla predicts normal life will return within a year (CNBC)

Source : https://www.cnbc.com/2021/09/27/what-to-watch-wall-street-looks-under-pressure-with-just-days-left-in-september.html

What to watch today: Wall Street looks under pressure with just days left in September


What to watch today: Wall Street looks under pressure with just days left in September

Hannity on Bidens handling of crises, Brian Laundrie latest

Source:Fox News

Hannity on Bidens handling of crises, Brian Laundrie latest