Financial Markets and Economy
ECB Warns Against Fueling Undue Expectations on Stimulus (Bloomberg)
European Central Bank officials “widely” agreed that their immediate reaction to the outcome of the U.K.’s referendum shouldn’t fuel excessive speculation about more stimulus.
UK digital bank Mondo lays out plan to get full banking license (BI Intelligence)
UK digital-only bank Mondo received a restricted banking licence last week and can now hold up to £50,000 ($65,000) in customer deposits and connect to live payments networks to test its systems.
Labor market firming; factories still struggling (Reuters)
The number of Americans filing for unemployment benefits fell more than expected last week, reinforcing views of labor market strength that could encourage the Federal Reserve to raise interest rates soon.
Swedish Debt Office Open to Discussing Selling Longer Bonds (Bloomberg)
Swedish debt office is open to discussing issuing a government bond with a maturity of longer than 10 years if there’s enough interest from investors, Director-General Hans Lindblad said.
Valeant Secures Another Debt Amendment (The Wall Street Journal)
Valeant Pharmaceuticals International Inc. reached a deal with its loan holders to again amend the terms of its debt as it continues to dig out of a year of business and accounting distress.
Many companies are trying to profit from connected cars (BI Intelligence)
Automakers are increasingly connecting their new car models to meet growing consumer demand for in-car technology.
Used Tractor Sales Bad for Deere as Farmers Pinch Pennies (Bloomberg)
Deep in the heart of the U.S. grain belt, farm-equipment auctions are attracting bidders from as far away as South Africa as the agriculture rout makes used machinery more attractive.
And The Market Breaks (Again) (Zero Hedge)
Despite a positive open, stocks startd to slide rapidly on heavy volume with VIX suddenly surging… so what was to be done!! Break The Market…
Samsung Shares Hit Record, Closing In on Alibaba as Asia’s Most Valuable Tech Company (The Wall Street Journal)
SEOUL—After three years of struggle, shares of Samsung Electronics Co. roared to an all-time closing high on Thursday, capping a 30% rally this year that underscores the technology giant’s improved fortunes.
Several mobile wallets announce major updates (BI Intelligence)
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Caterpillar Retail Orders Suffer Second Biggest Plunge Since Financial Crisis (Zero Hedge)
While the relentless decline in Caterpillar retail sales has been duly noted here every month for nearly 4 years, now posting 44 consecutive declines, the latest, July data was downright depressionary.
Turks Moving Savings Into Foreign Currencies Impede Lira Advance (Bloomberg)
The rally that made the lira one of the biggest winners of the hunt for higher-yielding assets is coming up against a domestic hurdle: Turks are starting to boost their foreign-currency holdings.
Wall Street boosted by rise in oil, Wal-Mart (Reuters)
Wall Street was slightly higher in late morning trading on Thursday, boosted by a jump in Wal-Mart shares and higher oil prices.
10 things you need to know before European markets open (Business Insider)
Here's what you need to know.
Japanese exports plunged.Japan's exports in July suffered their sharpest monthly fall in seven years, data showed Thursday, as a surging yen clouds the country's trade picture, with shipments of cars, ships and steel all tumbling.
United Bankshares Agrees to Buy Cardinal for $912 Million (Bloomberg)
United Bankshares Inc. agreed to buy Cardinal Financial Corp. in an all-stock deal valued at about $912 million to expand in the Washington, D.C., region.
Nigeria’s Naira Slumps to Record Versus Dollar as Forwards Rise (Bloomberg)
Nigeria’s naira plunged to a record low and forwards rose, suggesting traders expect further depreciation, as Africa’s second-largest oil producer struggles amid a dearth of dollars.
Politics
Trump campaign blasts Clinton over ethics training report (Politico)
Donald Trump's campaign laced into Hillary Clinton on Thursday following a report that said there was no evidence that the former secretary of state and her top aides complied with required ethics training when they started their jobs at Foggy Bottom.
Trump to take 'optimistic' message to voters, new manager says (Reuters)
Donald Trump's new campaign manager promised on Thursday the volatile Republican presidential candidate would stick to a more disciplined and uplifting message to voters in the final dash to Election Day without crimping his freewheeling style.
Technology
Nokia Returns: Four new Nokia Android Phones are expected by the end of the year (Digital Trends)
The mobile company that will use the Nokia brand name on upcoming hardware, known as the HMD Group product release plans for the next months. Rumors spread during the summer it would have two smartphones to reveal before the end of 2016, but now another two have been added to the list, according to an executive working for Nokia in China.
'Star Trek: Bridge Crew' hits VR headsets November 29th (Engadget)
Ubisoft has dropped the dates for three of its incoming VR games, including Star Trek: Bridge Crew. That title, set in JJ Abrams Star Trekuniverse, is available for pre-order and arrives on all three major platforms, the Oculus Rift, HTC Vive and Sony PlayStation VR on November 29th.
Cute, power-efficient, traffic-beating smartbike is nearly ready to zip out of China (Digital Trends)
Electric bikes are perfect for getting around congested cities, and there are few more congested than Beijing in China, home to 20 million people. Tsinova, a Chinese e-bike manufacturer knows it, and although you may not have heard of the company until now, it’s time to start taking notice. Coming off the back of a large investment, the company has plans to start selling its innovative bikes outside China.
With Amadas’ New Keyless Lock, You'll Never Get Locked Out Again (Digital Trends)
It’s your home’s first line of defense, and now, your door lock has its own defense system. Meet the Amadas Smart Lock, branded as a “truly user-centric security solution.”
Australian Goldfish Are Growing into Monsters In the Wild (Gizmodo)
Common goldfish dumped from household aquariums into rivers in Western Australia are growing into four pound monsters and endangering native species
Health and Life Sciences
NASA hopes to hand the International Space Station to a commercial owner by mid 2020s (Tech Crunch)
NASA is giving us some more insight into its plans to get humans to Mars, under the blanket mission called ‘Journey to Mars,’ and during the press conference, NASA Deputy Associate Administrator for Exploration Systems Development Bill Hill revealed that the current hope is to hand off control of the International Space Station to a commercial owner by sometime around the mid 2020s.
Scientists just developed a safer alternative to morphine without the dangerous side effects (Science Alert)
An international team of scientists has developed a new opioid drug candidate that appears to block pain without triggering many of the risks associated with prescription painkillers.
Life on the Home Planet
Nearly 18,000 have died in Syria state jails, says Amnesty (BBC News)
Nearly 18,000 people have died in government prisons in Syria since the beginning of the uprising in 2011, according to Amnesty International.
Stop Some of Your Self-Tracking to Relieve Stress and Live Freely (Life Hacker)
Self-tracking can be beneficial if you use it the right way. However, if you’re spending too much time focusing on all the numbers in your life and not living it, you’re probably going to stress yourself.
For US Olympians, gold medals come with a hefty tax bill (BBC News)
She has flipped, tumbled and leapt her way into the hearts of millions over the course of the Olympic games. But when Simone Biles returns home she will be in for not just a major celebration but also a hefty tax bill.
Olympic leftovers feed Rio's homeless (BBC News)
More than 10,000 athletes are in Rio for the Olympic games and all need to be fed.
Now the surplus from all those meals is being used in a project to make dinner for people in need headed up by world-renowned chef Massimo Bottura
The New York Times is shutting down the NYT Now app (Mashable Asia)
The New York Times is shutting down its NYT Now app, a move that pushes readers to use its main news app.
Uber 'to introduce self-driving cars within weeks' (BBC News)
The ride-sharing firm Uber will, for the first time, allow users to hail self-driving cars later this month, it has been reported.
