Markets Plunge on Higher-Than-Expected Inflation Numbers

[BidenPresident]

Stocks plummeted, U.S. government bond yields rocketed higher and the dollar bounced, after fresh inflation data undermined investors’ bets over the slowing pace of inflation in August.

The S&P 500 slumped more than 3 percent as trading opened on Tuesday.

https://www.nytimes.com/2022/09/13/business/markets-inflation-stocks.html

 

[BidenPresident]

Stock Trades Reported by Nearly a Fifth of Congress Show Possible Conflicts

Senator Tommy Tuberville, Republican of Alabama and a member of the agriculture committee, regularly reported buying and selling contracts tied to cattle prices starting last year, even as the panel, by Mr. Tuberville’s own account, had “been talking about the cattle markets.”

Representative Bob Gibbs, an Ohio Republican on the House Oversight Committee, reported buying shares of the pharmaceutical company AbbVie in 2020 and 2021, while the committee was investigating AbbVie and five rivals over high drug prices.

https://www.nytimes.com/interactive/2022/09/13/us/politics/congress-stock-trading-investigation.html