News Highlights: Top Global Markets News of the Day

Fed Officials Upbeat on Outlook, Bond Yield Rise Not Source of Concern

Federal Reserve officials said they continue to see the U.S. economy in recovery mode, with several noting they aren't concerned about the recent rise in long-term bond yields and see no need to use monetary policy to push against it.

Stocks Fall Sharply, Led Lower by Tech Shares

The Dow industrials declined about 1.8% a day after the blue-chip index notched a record. The tech-heavy Nasdaq Composite tumbled more than 3%.

GameStop's Stock Posts Big Swings, Retail ETF Follows

The return of volatility to GameStop shares has dragged investors in State Street's SPDR S&P Retail ETF along for the ride once again.

Democrats Dealt Blow on Minimum-Wage Drive for Covid-19 Bill

The neutral arbiter of the Senate's rules said she thought it didn't meet the guidelines for reconciliation.

Fed Attributes Payment Systems Outage to 'Human Error'

The mistake caused key financial services to shut down for about four hours Wednesday.

German Regulator Steps Down, EY Changes Leadership Following Wirecard Scandal

The Wirecard scandal is leading to more high-profile exits in Germany.

Charlie Munger Renews Robinhood Criticism

Mr. Munger's comments prompted a sharp retort from Robinhood, which called them "disappointing and elitist."

Dead Chickens, Frozen Oranges Confront Farmers After Severe Cold

Severe winter conditions are estimated to have cost farmers and agriculture companies across the U.S. south hundreds of millions of dollars.

Top Pension Fund Head Beat Canada's Covid-19 Vaccine Queue by Getting a Shot in Middle East

Mark Machin arrived in the United Arab Emirates with his partner and received the first dose of a vaccine developed by Pfizer and BioNTech, people familiar with the matter said.

U.S. Seafood Suppliers Face Trouble for Lent

Clogged ports and full freezers are snarling the flow of seafood to American dinner plates, boosting costs for fish suppliers and consumers.

  (END) Dow Jones Newswires
  02-25-21 2315ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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