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Entrepreneur.comSep 27, 2021
Facebook Halts Creation of 'Instagram Kids'
The new program would create an Instagram experience specifically for kids under the age of 13. 

MarketWatch MarketPulseSep 27, 2021
The Tell: BlackRock's Boivin says firm is dipping its toes in Chinese assets amid ‘pro-risk' stance despite market jitters
Adek Berry/Agence France-Presse/Getty ImagesBlackRock Inc.'s Jean Boivin says his firm is "dipping our toes" in Chinese assets amid a tactically "pro-risk" stance, despite recent market jitters.In a note released on Monday, the head of BlackRock Investment Institute and others said they're remaining pro-risk given a broadening economic restart, and that the firm is testing Chinese assets "in the context of very small client allocations." The comments came as the S&P 500 SPX and Nasdaq Composite COMP indexes appeared to be headed for their worst month in almost a year, driven largely by the Fed's desire to taper bond purchases soon and recent concerns about troubled Chinese developer Evergrande Group HK:3333. Investors pay close attention to New York-based BlackRock's BLK views given its enormous size and presence in financial markets as the world's largest money manager. As of the second quarter, BlackRock's assets under management rose to $9.5 trillion, with the firm closing in on a once-unthinkable $10 trillion. BlackRock Investment Institute is the firm's research arm — helping to inform portfolio managers, who make their own decisions."We believe the path for further gains in risk assets has narrowed after an extended run higher, warranting a selective approach, but we reaffirm our tactical pro-risk stance," according to the note penned by Boivin and others. In a televised interview with Bloomberg News on Monday, Boivin was quoted as saying that the likelihood of easing Covid-19 restrictions in coming months means a "broad market exposure" to Chinese equities should be considered.On Monday, tech shares led the way lower in U.S. stocks, while energy and financials — sectors that tend to well in a rising-rate environment — pushed higher. The S&P 500 was down by less than 0.1% for the day, while the Nasdaq was lower by 0.4%. The Dow rose 0.4%.

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