Financial Markets and Economy
U.S. Index Futures Rise as Investors Speculate on Fed Rate Hold (Bloomberg)
U.S. stock-index futures rose, signaling equities will rebound from Friday’s drop, as investors speculated that mixed economic data will prompt the Federal Reserve to hold rates steady at this week’s meeting.
Global Banks to Keep Some Access to EU Post Brexit, Moody’s Says (Bloomberg)
Global banks based in the City of London will likely retain limited access to the European Union’s single market after Brexit even if they lose full passporting rights, according to Moody’s Investors Service.
Gas prices spike as fuel shortages hit Southeast (CNN Money)
A leak earlier this month forced the closure of the pipeline, which runs from Houston to New York and carries gas to much of the Southeast and East Coast.
Shadow Lenders Step In for Banks Facing U.S. Property Warnings (Bloomberg)
Heightened scrutiny of U.S. commercial real estate lending is paving the way for lightly regulated investors to gain a bigger toehold in lucrative deals.
Traders in Tune With Their Heartbeat Make More Money (Bloomberg)
Traders who are better at listening to the clues their bodies give them about market patterns make more money and survive longer in the industry, according to a study by former Goldman Sachs Group Inc. derivatives trader-turned-neuroscientist John Coates.
Banks Wary of Lending to Abu Dhabi Property, Developer Says (Bloomberg)
Abu Dhabi banks are cautious about financing real estate projects amid concern the property market is slowing, an executive from the New York-based real estate developer The Related Cos LP said.
China's credit binge increases risk of banking crisis, says watchdog (Reuters)
China’s huge credit binge has increased the risk of a banking crisis in the world’s second biggest economy in the next three years, according to global financial watchdog.
Corporate Executives Are Making Way More Money Than Anybody Reports (The Atlantic)
On its website, the AFL-CIO, the largest federation of labor unions in the United States, has a page called Executive Paywatch that is meant to demonstrate just how much corporate executives’ pay dwarfs the compensation of the average worker.
Deutsche Bank Says “No” to $14 Billion DOJ Fine: It Must Have Learned Its Negotiating Skills at the Trump Institute (Wall Street On Parade)
The old adage that when one is already in a hole, one should stop digging, has apparently not found its way to the corner offices of Deutsche Bank.
Ponzi Schemes and Ripping Off Old People: Here's How Dishonest Financial Advisers Get You in 2016 (The Street)
If you're interested in becoming more financially literate, it wouldn't hurt to spend a few days hanging around with some securities regulators.
Slippin' Into Darkness? (Is The US Slipping Into Recession?) (Confounded Interest)
The Presidential election is just around the corner and it is bad news for the incumbent’s party if anyone notices the softening trends in the economy.
China house price bubble explodes (Macro Business)
China’s monthly house price data is out and it has a problem. The bubble is back and building. Monthly price increases rebounded to 1.3% and annual hit a new high of 9.2% after easing in the second derivative for months:
Lost Locomotive Leaves World Growth Struggling to Gain Speed (Bloomberg)
The Federal Reserve looks set to hold off from raising interest rates again this week partly because of concerns that such a move would drive up the dollar and thus boost U.S. imports.
The Fed Has Set Us Up for a Massive 50% Market Collapse (Zero Hedge)
The Fed is running a virtual repeat of 1937.
The common narrative is that the Fed “didn’t do enough” during the Great Depression. This is used to justify the Fed’s use of non-stop extraordinary monetary policy post-2008.
Companies
Big Deals Like Bayer’s Often Fail to Deliver High Performance (NY Times)
Plenty of people have reason to celebrate the $56 billion bid by Bayer AG, the German pharmaceuticals giant, for Monsanto, the United States agribusiness company.
Samsung Says It Sold Stakes in ASML, Seagate, Rambus and Sharp (Bloomberg)
Samsung Electronics Co. said on Sunday it sold stakes in ASML Holding NV, Seagate Technology Plc, Rambus Inc. and Sharp Corp. to free up money and focus on its main business.
Hanjin Cuts Fleet as Court Advises Return of Chartered Ships (Bloomberg)
Hanjin Shipping Co., the South Korean container line that sought bankruptcy protection last month, received a court advisory to return all chartered vessels to cut costs while the company is in the midst of reducing its fleet.
A small corner of Jack Dorsey's empire could help countless small businesses — and Wall Street's getting excited (Business Insider)
Carmen Rodriguez was in a bind. She was facing a job loss and trying to figure out what to do next.
Then it struck her. She would often rope her sister and cousin into helping her bake for the holidays. Why not launch a bakery?
Tesla says lawsuits could delay SolarCity deal (Reuters)
Elon Musk-led Tesla Motor Inc (TSLA.O) said on Monday its proposed acquisition of SolarCity Corp (SCTY.O) could be delayed due to shareholder lawsuits challenging the deal.
Politics
We, the Plutocrats vs. We, the People (Common Dreams)
Sixty-six years ago this summer, on my 16th birthday, I went to work for the daily newspaper in the small East Texas town of Marshall where I grew up.
Just 5.7 Percent Of Clinton Foundation Budget Actually Went To Charitable Grants (The Daily Caller)
Just 5.7 percent of the Clinton Foundation’s massive 2014 budget actually went to charitable grants, according to the tax-exempt organization’s IRS filings. The rest went to salaries and employee benefits, fundraising and “other expenses.”
Trump is the Symptom, Clinton is the Disease (Counterpunch)
I asked you who is the lesser evil when even the Washington Postposits Hillary Clinton to the “political right” of Trump on international issues?
And you responded: “So I guess I should vote for Trump?”
Letter From Former Officials Urges Trump to Detail Foreign Dealings (NY Times)
More than 50 former government officials and national security and military figures have signed an open letter to Donald J. Trump, urging him to disclose details of his overseas business investments before Election Day.
Falling just shy of a victory lap, Donald Trump warned about the consequences of not being allowed to profile to prevent terrorism.
Technology
Samsung begins Galaxy Note 7 exchange program in South Korea (CNN Money)
Samsung kicked off its Galaxy Note 7 exchange program on Monday, giving smartphone owners in its home market of South Korea the chance to replace their fire-prone devices.
Lyft’s ambitious future vision includes self-driving dominance by 2021 (Tech Crunch)
This week, Uber started picking up passengers with self-driving test cars in Pittsburgh – so it’s not surprising that just a few days later, Lyft has something to say on the subject.
Samsung's Note 7 Battery Problem Expands to China (Bloomberg)
Seoul, South Korea (AP) — Samsung's smartphone problems expanded Monday to China's populous market, where the South Korean tech giant was looking into reports two Galaxy Note 7 handsets exploded in a country where it earlier said its units were safe and didn't need to be included in a global recall.
NIKON Gets Into Action With Key Mission Series, Includes 360-Degree Camera (DIgital Trends)
Back in January 2016, Nikon surprised the photography world with the unveiling of the KeyMission 360, a waterproof action cam capable of capturing 4K footage in 360 degrees. There weren’t a lot of details at the time: We knew it’d be rugged without a special housing (waterproof down to 100 feet, as well as dust-, shock-, and freeze-proof down to 14-degrees Fahrenheit).
Back To School: FORD Engineers Will Work At New University Of Michigan Robotics Lab (Digital Trends)
Ford is expanding its collaboration with the University of Michigan in order to accelerate the development of self-driving cars.
Health and Biotech
‘Holy Grail’ of Oral Insulin Gives Way to Other Tablets at Novo (Bloomberg)
More than 30 years after diabetics began injecting themselves with the modern form of insulin, treatments in a pill seem as elusive as ever.
Grand project to unify global efforts to understand the brain (New Scientist)
As brainy gatherings go, it takes some beating. Neuroscientists are meeting in New York today to agree on a global mission to understand the workings of the human brain and how to fix it when something goes wrong.
Antibiotic Resistant Bacteria and the World's Peril (Scientific American)
Welcome to the Anthropocene, the era in which one species—human beings—so utterly dominates the planet that all of the driving forces of climate, oceans, geology, air and every other life form on Earth are controlled by the activities of humanity.
Life on the Home Planet
Dumpster bomb rocks Chelsea, injuring 29; second device found nearby (NY Post)
A “deafening’’ explosion rocked Chelsea Saturday night, injuring 29 people, blowing out scores of windows and forcing the evacuation of at least two buildings.
Study Estimates 100,000 Premature Deaths From Indonesia Haze (Bloomberg)
Jakarta, Indonesia (AP) — Indonesian forest fires that choked a swath of Southeast Asia with a smoky haze for weeks last year may have caused more than 100,000 premature deaths, according to new research that will add to pressure on Indonesia's government to tackle the annual crisis.
More Than 800 Immigrants Mistakenly Granted Citizenship (Associated Press)
WASHINGTON (AP) — The U.S. government has mistakenly granted citizenship to at least 858 immigrants who had pending deportation orders from countries of concern to national security or with high rates of immigration fraud, according to an internal Homeland Security audit released Monday.
The Sun will destroy Earth sooner than you might think (Science Alert)
There are plenty of ways Earth could go. It could smash into another planet, be swallowed by a black hole, or get pummelled to death by asteroids. There’s really no way to tell which doomsday scenario will be the cause of our planet’s demise.
Easy resolution unlikely for contentious Dakota pipeline (Reuters)
A potential rerouting of a long-anticipated pipeline at the center of a protest in North Dakota would be a laborious and costly task, possibly delaying a startup by months and provoking further opposition from Native American and environmental groups who were instrumental in halting construction.
