Financial Markets and Economy
Why Apple’s Stock Dropped So Soon After the iPhone 7 Was Announced (TIME)
Nothing can dominate the tech world’s conversation quite like a big Apple event. And sure enough, this week’s announcement of the iPhone 7 has spawned several discussions: Shutterbugs liked the phone’s new camera.
German Yield Curve Steepens as Investors Unwind ECB Bets: Chart (Bloomberg)
German’s longer-dated bonds underperformed their peers Thursday as investors unwound bets an imminent boost to European Central Bank stimulus.
Absolutely Fascinating – Apple's EU Tax Bill Explains Ireland's 26% GDP Rise (Forbes)
Or rather the events which followed on from that European Union investigation into Apple's AAPL -2.65% Irish tax bill are what led to that extraordinary report that Ireland’s GDP grew by 26% in 2015.
Does Helicopter Money And The Size Of Central Bank Balance Sheets Matter? (Value Walk)
Monetary policy accommodation has consequences, a Barclays report points out, as fiscal stimulus and contritely named helicopter money may point to the next reluctant leg in governments trying to jump start generally well-performing regional economies.
Has Barrick Gold Earned a Clean Bill of Financial Health? (Fool.com)
With the price of gold up more than 24% year to date, many investors are considering gold-mining stocks, such as Barrick Gold (NYSE: ABX) a global leader in the gold-mining industry.
Apple weighs on Wall St; energy shares a boost (Reuters)
U.S. stocks dipped on Thursday, pulled lower by Apple after its latest iPhone failed to impress Wall Street, but gains in energy shares limited the decline.
Oil! Massive shale discovery in Texas (CNN Money)
An overlooked corner of West Texas is believed to contain billions of barrels of newly-discovered shale oil.
Tesla gets $300 million lease credit line from Deutsche Bank (Reuters)
Tesla Motors Inc (TSLA.O) said on Wednesday it had entered into an agreement with Deutsche Bank whereby the electric car maker can borrow up to $300 million for its vehicle leasing program, part of a broader effort to bolster the company's finances.
Walgreens Has to Sell a Lot of Stores Before It Can Acquire Rite Aid (Reuters)
Drugstore chain Walgreens Boots Alliance WBA 2.16% said it would likely have to divest between 500 and 1,000 stores, more than its previous estimate, to win regulatory approval for its planned acquisition of Rite Aid RAD 5.94% .
Here's a timetable for the dollar's demise (The Daily Reckoning)
The next five weeks will mark one of the most significant transformations in the international monetary system in over 30 years.
Investing in Las Vegas Airbnb Properties: The City With No Off Season (Medium)
As you stroll down the streets of Vegas, you’ll see magnificent buildings illuminate colorful lights; you’ll hear live, playful music from streets and venues; you’ll see thousands and thousands of people roaming the streets like you, inviting the whole universe to come and play.
New Job Openings Hit Record High in July (Reuters)
But employers are hesitant to hire.
U.S. job openings surged to a record high in July, but a lag in hiring suggested employers were struggling to find qualified workers to fill the positions.
Vladimir Putin Just Wants to Be Friends (Bloomberg)
On Sept. 1, in the Siberian port city of Vladivostok, Russian President Vladimir Putin discussed a wide array of issues with Bloomberg Editor-in-Chief John Micklethwait.
Suspect Sales at Fiat Chrysler Could Be Bad News for Its Rising Star (Bloomberg)
This should’ve been Reid Bigland’s year.
Under his leadership, Fiat Chrysler Automobiles outsold its competitors in Canada for the first time in the carmaker’s history while enjoying an unprecedented streak of rising sales in the U.S. The success earned Bigland a promotion to head Fiat Chrysler’s Alfa Romeo and Maserati brands, making him one of Chairman Sergio Marchionne’s most trusted deputies.
At Kmart, a Store Overhaul That Stands Out (The Wall Street Journal)
Kmart has been closing hundreds of stores and slashing costs as it tried to pare losses of recent years. So it was notable that the retailer recently overhauled one of its stores in a Chicago suburb.
Tens of Thousands of Jobs Go as China’s Biggest Banks Cut Costs (Bloomberg)
China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs.
Politics
Matt Lauer Fields Storm of Criticism Over Clinton-Trump Forum (NY Times)
It was a high-stakes political moment, far from the chummier confines of the “Today” show and, for Matt Lauer, NBC’s stalwart of the morning, a chance to prove his broadcasting mettle on the presidential stage.
Fact-Checking Donald Trump’s National Security Speech (NY Times)
WASHINGTON — Donald J. Trump turned his attention to national security and military readiness on Wednesday, saying in a speech that his approach to foreign policy could be summed up in three words: “peace through strength.”
Trump in TV event with Clinton, says Putin better leader than Obama (Reuters)
Donald Trump declared on Wednesday that Russia's Vladimir Putin had been a better leader than U.S. President Barack Obama, as the Republican presidential nominee used a televised forum to argue he was best equipped to reassert America's global leadership.
5 takeaways from Trump and Clinton's military forum (The Hill)
Donald Trump and Hillary Clinton appeared at the first presidential forum of the general election cycle on Wednesday and were both forced to play defense as they tried to convince veterans and voters why they deserve to be in charge of the military.
Matt Lauer Fields Storm of Criticism Over Clinton-Trump Forum (NY Times)
It was a high-stakes political moment, far from the chummier confines of the “Today” show and, for Matt Lauer, NBC’s stalwart of the morning, a chance to prove his broadcasting mettle on the presidential stage.
Trump Campaign Details Tax Paid After Foundation’s Political Gift (The Wall Street Journal)
Donald Trump’s presidential campaign provided new details about the tax he paid after his charitable foundation made an improper donation to a political group, though experts in nonprofit law say he may still owe an additional tax.
Retired Pope Offers Final Reflections on Papacy, Francis (Bloomberg)
Vatican City (AP) — Retired Pope Benedict XVI has acknowledged that governing the church wasn't his strong suit but says he doesn't see his papacy as a failure and that he succeeded at least in breaking up the Vatican's so-called "gay lobby."
Technology
Jeep destroyed after Galaxy Note 7 exploded, customer says (CNet)
Samsung said last Friday that 35 of its Galaxy Note 7 phones had experienced battery malfunctions and all Note 7s were being recalled, but not everyone may have got the message.
Microsoft may unveil new Surface PC next month (CNet)
Microsoft is holding a fall hardware launch in late October, where I'm hearing it will take the wraps off a Surface-branded device, which some of my contacts are saying is known as "Cardinal."
HP Enterprise strikes $8.8 billion deal with Micro Focus for software assets (Reuters)
Hewlett-Packard Enterprise agreed to sell its software business to Micro Focus in a $8.8 billion deal that shrinks the Silicon Valley pioneer again while catapulting the little-known British firm into the top tier of European tech companies.
Google Maps’ App Adds Alternatives to Booking an Uber Ride (Fortune)
Google on Thursday said that it was adding ride-hailing services Lyft and Gett in the U.S. to its mapping service. A button for ordering a Lyft ride will now appear inside the Google Maps app along with a similar one for ordering a Gett ride in New York City, the only U.S. city where Gett operates.
Elizabeth Warren: Companies like Apple are 'running out of places to hide' (Business Insider)
Massachusetts Sen. Elizabeth Warren thinks Apple should pay more taxes in the United States, especially in light of the record-breaking EU decision to force Apple to pay around $14 billion in taxes to Ireland.
Apple’s New Smart Home Platform Has One Big Flaw (TIME)
Alert: A window just opened in your home. Maybe you’re sitting at your desk at work, and your kids have just gotten in from school. Perhaps you’re riding the subway, miles away from the studio apartment you rent alone. Or you could even be in bed, about to go to sleep for the night.
Health and Life Sciences
Scientists increase conservative beliefs using non-invasive brain stimulation (PsyPost)
Non-invasive brain stimulation over the dorsolateral prefrontal cortex increases Conservative beliefs, according to a study published this January in Frontiers in Human Neuroscience.
Finding Intelligent Alien Life Would Offer Hope For Our Own Future (Singularity Hub)
Are we alone in the universe? We don’t know. But as Carl Sagan said, if we are, it seems like an awful waste of space. At Singularity University Global Summit, Jill Tarter, Bernard M. Oliver chair for SETI, discussed her mission to answer the question that’s haunted us as long as we’ve known enough to ask.
Promising Links Found between Different Causes of Parkinson's (Scientific American)
Researchers have long believed that problems with mitochondria—the power plants of cells—underlie some cases of Parkinson’s disease. Now a new study details those problems, and suggests that they may form a common thread linking previously unexplained cases of the disease with those caused by different genetic anomalies or toxins.
Scientists proved they can identify criminals using hair left at the scene of a crime (Quartz)
Forensic toxicology, the scientific investigation that teases out cause of death, is nothing like it is in the television shows. In reality, it takes weeks to months, rather than days, to identify perpetrators or victims.
Life on the Home Planet
"It's Bordering Chaos:" $14 Billion In Cargo Stranded At Sea, Crews "Go Crazy" On Hanjin Ghost Ships (Zero Hedge)
The fallout from last week's historic bankruptcy of one of the world's biggest shipping lines, Hanjin Shipping, continued with little resolution with as much as $14 billion worth of cargo stranded at sea according to the WSJ, sending cargo owners scurrying to try to recover their goods and get them to customers.
Three suspected female militants seized in France, policeman stabbed (Reuters)
Three women arrested on Thursday in connection with a car laden with gas cylinders found abandoned near Paris's Notre Dame cathedral were likely planning an imminent attack, French Interior Minister Bernard Cazeneuve said.
Levi's Stadium, home of the 49ers, unveils rooftop farm (CNN Money)
The home of the San Francisco 49ers has unveiled a new urban farm on the roof of the football stadium. It's expected to generate 150 pounds of produce each week that will be used to cook up food items for club spaces and private events at the stadium
Rio Paralympics ceremony kicked off spectacularly, with dancers, fireworks, and wheelchair stunts (Quartz)
The Rio Paralympics kicked off last night (Sept. 7) with an opening ceremony at the Maracana Stadium.
45 People Are Trapped in Cable Cars Over the French Alps, Officials Say (TIME)
Dozens of people who are trapped in cable cars suspended about 12,000 feet in the air above the Mont Blanc range in the French Alps will remain stuck overnight until rescue efforts resume, officials said Thursday.
