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The Daily Money | ALL THE MONEY NEWS YOU NEED TO KNOW | Wednesday, September 22 | | |
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| Good morning, Daily Money friends, it's Nathan back with you this Wednesday! |
| If you checked your investments yesterday, we won't blame you if your immediate reaction was gulp. |
| It was a rough day for the markets. |
| But it's not time to panic. See our "Insight of the Day" for why. |
| 💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here! |
| On to our ... |
| 💡 INSIGHT OF THE DAY: One of the reasons for the stock market's big decline on Tuesday was investors' fears that Chinese real estate developer Evergrande could collapse, causing a chain reaction that would spill into the broader financial system. "Those Chinese property companies have been big drivers of that nation's economy, which is the world's second-largest," our Jessica Menton reports. But don't fret, she writes. "Analysts expect China's government to prevent" a disastrous chain reaction. |
| 📰 And here are more stories you won't want to miss: |
| 1. J.C. Penney is closing more stores after last year's bankruptcy filing. Here's the list of store closures. |
| 2. Do you feel stressed about whether you'll be able to fit into the rides at the theme park? Many visitors face uncertainty or embarrassment. |
| 3. The slow-motion collapse of Sears and Kmart continues. They're closing more stores. |
| 4. Activists are planning a widespread log-out of Facebook and Instagram in November: They want to protest social media's destructive impact. |
| 5. Starbucks has a deal for the first day of fall. Here's how to earn a free drink Wednesday. |
| Read the fine print on that one! |
| --@NathanBomey |
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