Financial Markets and Economy
Bond Market Signals It May Be Ready to Take the Fed at Its Word (Bloomberg)
Treasuries traders are signaling a growing conviction that the Federal Reserve will follow through on its projections and raise interest rates in 2016.
Currency Volatility Poised to Surge as U.S. Election, Fed Loom (Bloomberg)
Volatility in the $5.1-trillion-a-day foreign-exchange market is down, but not out, according to UBS AG.
Paper Is Next Front in China Trade Fight (The Wall Street Journal)
PITTSBURGH — Three paper companies and the United Steelworkers filed an antidumping case Wednesday against China and Indonesia, making good on the union's threat to protect other U.S. industries after winning a recent trade decision against China.
Energy’s Worst Performing Commodity Sinks Lower Amid Oversupply (Bloomberg)
Uranium prices have gone from bad to worse, slumping to an 11-year low as brimming global inventories weigh on a market that hasn’t recovered from the Fukushima disaster in Japan.
Chalco to Take Mining Unit Private, Pay 32% Premium on Shares (Bloomberg)
Aluminum Corp. of China Ltd. will pay shareholders a premium to buy their stock in its Hong Kong-listed unit Chinalco Mining Corp. International as it moves to take the division private.
Don’t Believe the Fed; the U.S. Consumer Is Far from Strong (Wall Street On Parade)
Yesterday the Federal Open Market Committee (FOMC) of the Federal Reserve released its policy statement, which included its announcement to stand pat on interest rates at this meeting.
The Guardian view on the global economic outlook: dark clouds ahead (The Guardian)
Eight years ago this month, a bank collapsed, Wall Street went into meltdown and the world economy plunged into crisis.
BOE Easing Makes Gilts Best Place to Be for Frankfurt Investor (Bloomberg)
For Frankfurt Trust’s head of asset allocation, U.K. government bonds are the place to be.
China may have $2 trillion in hidden bad debt — 10 times more than official numbers report (Business Insider)
The real level of bad debt in China might be 10 times the official number, according to the ratings agency Fitch. But don't worry! Fitch says that a "one-off resolution" of those non-performing loans (NPLs) would only cost $1 trillion. Or maybe $2 trillion.
Hope I'm Wrong About the Bernanke Fed (Barron's Asia)
That is one inference that may be drawn from the monetary policy decision of the Federal Open Market Committee after its first meeting since President Obama's surprisingly early renomination of Ben Bernanke to a second term as Fed chairman.
Election Surprise! NY Fed Downgrades Q4 GDP Growth To 1.22% (Confounded Interest)
In what amounts to a election quarter surprise, The New York Fed just downgraded their “real-time” GDP forecast for Q4 to … 1.22%.
Big Players, Little Stocks, And Naked Shorts (The Intercept)
CHRIS DIIORIO had lost a million dollars when the penny stock he was betting on shed 98 percent of its value in a matter of weeks. But when he looked deeper, he found this wasn’t a typical penny stock pump-and-dump scheme. He was determined to get to the bottom of it.
Japan to Put Operation Restriction on Wind Project, Nikkei Says (Bloomberg)
Japan’s Ministry of Environment will put restrictions on the operation of the nation’s largest proposed wind project due to bird migration patterns in the region, the Nikkei reported without giving any attribution.
The Global Financial Crisis Is Not Over (Minyanville)
Friedrich A. Hayek (1899-1992), Austrian economist, author and 1974 Nobel Prize-winner for Economics wrote: “With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.”
Extended Unemployment Payments In 27 States: What About The Other 23? (24/7 Wall St.)
Congress has passed a law extending unemployment insurance in the 27 states where the jobless rate is above 8.5%. The bill passed by a margin of 331-83, so it had remarkably broad support.
Companies
Goldman Sachs Said to Plan 25% Cut to Asia Investment Bank Jobs (Bloomberg)
Goldman Sachs Group Inc. plans to cut about a quarter of its investment-banking jobs in Asia, excluding Japan, because of a slump in deal-making in the region, according to a person with knowledge of the matter.
Unanswered Questions about Wells Fargo (The Solari Report)
Wells Fargo has admitted to creating 1.5 million unauthorized retail bank accounts and 565,000 unauthorized credit applications.
Politics
Some Good News For Dems For A Change: Trump Could Cost GOP A Ton Of State Legislatures (The Huffington Post)
Over the past few years, major donors, national Democrats, the White House and state officials have begun organizing to win back state houses that have been dominated by Republicans since 2010.
Oculus founder Palmer Luckey's role in Clinton smear group remains murky (CNet)
The man who's become the face of virtual reality is apologizing — but not for his decision to fund a Hillary Clinton smear organization.
On Thursday, The Daily Beast reported that Oculus founder Palmer Luckey, 24, was the mysterious "NimbleRichMan" funneling money to a pro-Trump organization called Nimble America.
Bill Maher Slams Donald Trump For Blaming Charlotte Protests On Drugs (The Huffington Post)
The “Real Time with Bill Maher” host compared the GOP presidential candidate’s asinine reaction to the demonstrations, which erupted in the North Carolina city following the fatal police shooting of 43-year-old black man Keith Lamont Scott on Tuesday, to those of a “90-year-old aunt.”
Technology
Snapchat Will Release $130 Sunglasses With Built-In Camera (Bloomberg)
Snapchat said it will release a wearable gadget called Spectacles, which resembles a pair of sunglasses with a built-in camera for shooting video. A limited supply of the product will be sold this fall for $129.99, a spokeswoman said on Saturday.
Bad news, Shutterfly: Amazon is moving into photo printing (Mashable Asia)
Amazon is moving into another sector: photo printing.
The e-commerce giant this week debuted a new service called Amazon Prints that allows customers to print their digital photos and order souvenirs like photo books, stationery and calendars.
New Drone Kit Turns Legos Into Flying Machines (Popular Science)
LEGOs get knocked down, and then they get put back together again. It’s what they do. Drones, with few exceptions, get put together, and are then gravely damaged beyond repair when they crash.
New Google Wi-Fi router may share stage with Pixel phone Oct. 4 (CNet)
Sure, people eagerly await the latest rumors about coming smartphones, but rumors about unsexy home routers? Forget about it.
Still, there may be a new home router sharing the stage October 4 with Google's rumored new flagship phone, the Pixel.
Facebook's First-Ever Voter Registration Drive Is Now Live On Your News Feed (Digital Trends)
Facebook is launching its first nationwide voter registration drive in an attempt to urge its users in the U.S. to get out to vote.
Starting today, a message will be displayed atop the News Feed reminding users who are aged 18 and over to register to vote.
Hands-on with Pictar, which adds buttons and wheels to your iPhone camera (Tech Crunch)
There’s no denying that your smartphone’s camera is getting better and better for every generation, but what’s a poor photography nerd to do about controllability? Miggo’s Kickstarter-funded Pictar is shipping soon, and might be just the thing to teach your iPhone some additional photography skills. At Photokina, I had a chance to try it myself.
iOS 10.0.2 update fixes bugs in headphones, Photos (Engadget)
Even if you've already updated to iOS 10, Apple has released its first official update for its mobile/TV operating system. Bugs that could shut down the Photos app when turning on iCloud Photo Library and disable app extensions have ben smushed, but folks with the iPhone 7 or iPhone 7 Plus may want it for another reason.
Health and Biotech
Could sex hormones help addicted women stop taking opioids? (Mashable Asia)
Men and women show different patterns of drug abuse, with women becoming addicted to some substances much more quickly. Now a study in rats has found that sex hormones can reduce opioid abuse.
This portable vaccine kit just needs added water (Science Alert)
Even when the right drugs are available, they can't always get to the people who need them the most – but this new portable vaccine kit could help.
Where Words are Stored: The Brain’s Meaning Map (Scientific American)
Listening to speech is so easy for most of us that it is difficult to grasp the neural complexity involved. Previous studies have revealed several brain regions, collectively called the semantic system, that process meaning.
Life on the Home Planet
Police Hunt Gunman Who Killed 5 at Washington Mall (AP, TIME)
(BURLINGTON, Wash.) — Police searched Saturday for a gunman authorities said opened fire in the makeup department of a Macy’s store at a mall north of Seattle, killing four females and one man, before fleeing toward an interstate on foot.
Four al Qaeda members killed in suspected U.S. drone strike: officials (Reuters)
Four members of al Qaeda's Yemen branch, including a local commander, were killed in a suspected U.S. drone strike on a vehicle traveling east of the capital Sanaa, two local officials said on Saturday.
Archaeologists think they've found an 800-year-old boomerang victim (Science Alert)
After analysing markings on an 800-year-old skeleton, anthropologists in Australia have found evidence that its owner was killed by a brutal boomerang strike to the head.
The 17 European universities with the highest quality of teaching (Business Insider)
Every year, Times Higher Education releases its ranking of the world's best universities, a comprehensive list of the finest institutions of higher education on the planet.
Warplanes press attack on rebel-held eastern Aleppo (Reuters)
Warplanes mounted a new wave of heavy air strikes on rebel-held areas of Aleppo on Saturday, rebel sources, a rescue worker and a war monitor reported, pressing a major offensive by the Russian-backed Syrian military to take back the whole city.
Syrian government makes Aleppo advance in major attack (Reuters)
The Syrian army and allied militia seized ground north of Aleppo on Saturday, tightening a siege of the city's rebel-held east as it came under fierce air strikes in a major Russian-backed offensive that has left Washington's Syria policy in tatters.
