Financial Markets and Economy
European Stocks Snap Losing Streak to Surge on Trump Growth Bets (Bloomberg)
European stocks rose, paring earlier gains, as investors assessed the implications of U.S. President-elect Donald Trump’s policies, with merger-and-acquisition activity providing a fillip.
Rare Oil-Patch Hot Spot Emerges in America’s Earthquake Capital (Bloomberg)
The key is to come up with an alternative to dumping drillers’ waste water right back into the ground, so Kalt’s little company will extract the salt particles, release the purified water into rivers and, then, to defray costs and make the scheme economically viable, sell the salt for use on snowy roads and in industrial machinery.
U.S. 30-Year Yield Rises to 3% as Trump Stirs Inflation Concern (Bloomberg)
The incoming U.S. president is driving speculation his spending plans will lead to greater government borrowing and quickening inflation. Benchmark 10-year yields climbed past 2 percent last week to a 10-month high.
Oil Is Heading Back To $20s (Forbes)
Oil bulls had a good ride in the last eight months. The black gold rallied, from mid-$20s in January to the mid-$50s in late October. But economic fundamentals have turned bumpy for oil bulls in the last couple of weeks, with oil heading towards the $40-mark rather than the $60-mark as some had expected.
Trump Hit to Long Bonds Doesn’t Bode Well for Europe’s New Craze (Bloomberg)
After all the fanfare around European countries selling bonds with the longest-ever maturities, the reaction to Donald Trump’s victory may be a sobering omen.
Hong Kong Stocks Drop to Three-Month Low as Property Firms Sink (Bloomberg)
The Hang Seng Index lost 1.4 percent to close at its lowest level since Aug. 5. A gauge of real estate companies traded in the city extended their worst week in four years amid speculation a faster pace of U.S. interest-rate hikes under Donald Trump and higher taxes will curb demand for housing.
Emerging-Market Losses Deepen as Dollar Gains; ETF Outflows Rise (Bloomberg)
Emerging markets extended losses, threatening the best annual rally since 2012, as the dollar’s strength cut demand for riskier assets in the wake of Donald Trump’s election as U.S. president.
Duterte Outbursts Start Scaring U.S. Companies, Industry Says (Bloomberg)
Signs of investor discontent with Rodrigo Duterte’s outbursts against the U.S. are multiplying with American companies starting to hold off investing in the Philippines, the nation’s electronics and semiconductor industry said.
Bond Vigilantes to Trump: Be Careful, It Could Get Painful (Bloomberg)
When it comes to Donald Trump’s plan to “Make America Great Again,” the bond market is sending the president-elect a simple and unambiguous warning: be careful, or it’s going to cost you.
Cheap Gas Tests Trump’s Promise to Revive Coal (The Wall Street Journal)
Donald Trump campaigned on a promise to resurrect the ailing U.S. coal industry and put miners back to work. Delivering on that vow could prove nearly impossible.
Companies
Oil Trader Trafigura Government Payments Fall to $14 Billion (Bloomberg)
Trafigura Group disclosed $14.2 billion in payments to governments in 2015, a 24 percent drop from the year before, as lower oil prices and sharply curtailed business with the Nigerian National Petroleum Corp. reduced spending.
Korea Line Is Winning Bidder for Hanjin Assets in Fire Sale (Bloomberg)
The company beat larger rival Hyundai Merchant Marine Co. as the preferred bidder for Hanjin’s Asia-U.S. business, a spokesman for the Seoul Central District Court said in a text message Monday. Final sale documents will be signed Nov. 21, according to the court.
Korea Line Outbids Hyundai Merchant for Hanjin Shipping Assets (The Wall Street Journal)
SEOUL—Shipping operator Korea Line Corp. won a contest for some assets of bankrupt Hanjin Shipping Co., whose collapse in late August stranded billions of dollars in cargo at sea, disrupting supply chains world-wide.
Intrum Stock Soars 37% After Plan to Acquire Lindorff Revealed (Bloomberg)
Intrum Justitia AB soared as much as 37 percent — the most in its 14-year history as a publicly traded company — after revealing plans to acquire Lindorff in a $1.96 billion deal that will add scale to Europe’s biggest debt collector.
American Apparel Files for Bankruptcy Again, Agrees to Sell Brand (The Wall Street Journal)
American Apparel reached a deal to sell its intellectual property rights and some assets to Gildan Activewear Inc. for about $66 million in cash, as the beleaguered retailer filed for chapter 11 bankruptcy protection again Monday.
Technology
Samsung to Buy Harman for $8 Billion in Bold Autos Gambit (Bloomberg)
Samsung Electronics Co. is spending $8 billion to buy its way into a burgeoning market for automotive technology alongside Apple Inc. and Google as the smartphone business wanes.
Microsoft Announces Biggest-Ever Wind Energy Buy (Fortune)
Its cloud data center in Wyoming will get clean power boost.
Microsoft on Monday said it has inked its biggest deals yet to acquire renewable wind energy to power its massive U.S. data centers.
Siemens to Buy U.S. Software Maker Mentor for $4.5 Billion (Bloomberg)
Siemens AG agreed to buy Mentor Graphics Corp. for $4.5 billion in its biggest acquisition since 2014 as the German engineering company extends its industrial software capability.
Facebook’s tech boss on how AI will transform how we interact (New Scientist)
You can now hold neural nets in the palm of your hand. Last week, Facebook unveiled a tool called “style transfer” that applies visual effects to live phone video in real time.
From drones to body cams, tech is changing the fight against crime (Digital Trends)
We rely on the police to keep us safe, to protect us from violence, and to safeguard our property. We also accept that a certain level of crime is inevitable — it may be technically possible to eradicate crime, but the cost of a dystopian police state is too high.
Everything You Need to Know About Using Apple's MacBook Pro With Touch Bar (Lisa Eadicicco, TIME, Fortune)
Using Apple’s new MacBook Pro is a little bit like test driving a BMW for the first time. Everything about it feels more refined, sharper, and faster than your old laptop. But it’s probably out of your budget, and even though everything about it is better than what you’re used to, you can’t name one particular thing you miss when it’s gone.
iPhone sales will 'suffer' if Trump targets China, officials warn (CNet)
As the world watches to see how President-elect Donald Trump handles his new responsibilities, China's state-run press has readied something of a warning: start a trade war with the country and American companies could suffer.
AImotive demos recognition software for self-driving cars (Venture Beat)
AImotive is introducing a suite of software for self-driving cars. The Budapest, Hungary-based company that was previously known as AdasWorks has now opened an office in Mountain View, Calif., to partner with Silicon Valley’s self-driving car companies.
Politics
Local gun-carrying restrictions may be wiped out under Trump, advocates say (The Guardian)
With Donald Trump in the White House, tourists from other states may soon be able to bring their guns to shops of Fifth Avenue, the plaza at Rockefeller Center and other New York City sights.
Don't call Clinton a weak candidate: it took decades of scheming to beat her (The Guardian)
Sometimes I think I have never seen anything as strong as Hillary Clinton. That doesn’t mean that I like and admire everything about her. I’m not here to argue about who she is, just to note what she did. I watched her plow through opposition and attacks the like of which no other candidate has ever faced and still win the popular vote.
“Stop it”—Donald Trump tells his supporters to stop harassing minorities in his name (Quartz)
Since the unexpected victory of Donald J. Trump in the US presidential election, racially charged incidents have broken out across the country that appear to be have been started by Trump supporters emboldened by his win.
Racist Incidents Are Up Since Donald Trump’s Election. These Are Just a Few of Them (TIME)
In the days since the presidential election, states across the country have seen increased incidents of racist or anti-Semitic vandalism and violence, many of which have drawn directly on the rhetoric and proposals of President-elect Donald Trump.
Donald Trump won’t take a salary as US president, and other news from his “60 Minutes” interview (Quartz)
In a wide-ranging interview with Lesley Stahl on CBS’s 60 Minutes, US president-elect Donald Trump seemed to walk back his promises to prosecute Democratic rival Hillary Clinton, described meeting US president Barack Obama at the White House two days after the election, and said he wouldn’t take the customary $400,000-a-year salary for serving in the nation’s highest office.
Health and Biotech
The measles vaccine has saved more than 20 million lives since 2000, report finds (Science Alert)
A new report from the World Health Organisation (WHO) estimates that 20.3 million deaths have been prevented by the measles vaccine between 2000 and 2015.
Life on the Home Planet
Jihadists say Trump victory a rallying call for new recruits (Reuters)
From Afghanistan to Algeria, jihadists plan to use Donald Trump's shock U.S. presidential victory as a propaganda tool to bring new fighters to their battlefields.
New Zealand’s latest earthquake could trigger a mega-quake (New Scientist)
New Zealand is continuing to shake after being hit by a magnitude 7.5 earthquake, and there are fears the underground stress could set off even bigger tremors nearby.
Europeans rally around defense plan after campaign swipes by Trump (Reuters)
France and Germany looked set to win support on Monday for a European defense plan that U.S. President-elect Donald Trump has made more urgent by criticizing low defense spending by allies and questioning America's security guarantees for Europe.
Spotted the supermoon? Share your photos (The Guardian)
The earth’s natural satellite is coming closer to Earth than is usual on its orbit on Monday, and the side facing us will be fully illuminated by the sun. The result will be the best “super perigee full moon” in 68 years.
