Financial Markets and Economy
Nasdaq Composite completes the ‘death cross’ grand slam (Market Watch)
The Nasdaq Composite has produced a bearish “death cross” technical pattern, joining the Dow Jones Industrial Average, the S&P 500 and the Russell 2000.
Morgan StanleyHas Given Up on Energy Stocks (Bloomberg)
Toward the beginning of 2015, with crude oil prices in free fall, Morgan Stanley's equity strategy team made a bold call, upgrading the energy sector to overweight.
Even gold is down (Business Insider)
It's ugly out there.
Stocks are getting crushed as pharmaceutical and biotech stocks are in complete meltdown mode.
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What to watch for in Costco earnings (Market Watch)
Costco Wholesale Corp. will announce its fourth-quarter earnings on Tuesday, nearly four weeks after reporting sales figures that made it the second-biggest U.S. retailer by revenue, behind Wal-Mart.
Costco COST, -1.37% has already reported sales of $113.7 billion for the fiscal year ending Aug. 30, an increase from $110.2 billion the previous year.
Dow falls 313 points as biotech gets crushed (CNN)
The skittish stock market took another tumble — and plunging biotech stocks led the way lower.
The Dow slid 313 points and the S&P 500 lost 2.6% on Monday. The Nasdaq experienced steeper losses, shedding 3%. It was the Nasdaq's worst one-day decline since August 24, the day the Dow took an unprecedented 1,000-point nosedive.
Asian Futures Signal More Losses as Markets Roiled; Bonds Climb (Bloomberg)
The global equity selloff showed no signs of abating in Asia, with index futures signaling more declines amid mounting concern over the impact of China’s slowdown and the commodities slump…
Japan's radical plan to turbocharge its economy is still working (Business Insider)
Japanese Prime Minister Shinzo Abe has seen better days.
Abe's popularity has tumbled, and there's a growing view both in Japan and abroad that his flagship economic policy is failing to produce the goods.
Nike and Under Armour both score on Wall Street (CNN)
Although Nike (NKE) and Under Armour (UA) are in a heated battle for sneaker market share and star endorsers, each athletic apparel maker is a big winner on Wall Street.
VW Crisis Signals Shift for Europe's Diesel-Focused Oil Industry (Bloomberg)
If European oil-market analysts have a single takeout from Volkswagen AG’s emissions cheating, it’s that the scandal is probably long-term bearish for the diesel market.
One of Wall Street's stock market uber bulls just tapped out (Business Insider)
Another top Wall Street bull has lowered his stock market forecast for the year.
At the end of last year, Golub's forecast for the S&P 500 for 2015 was 2,325, "consistent with 12% potential upside". Of the strategists followed by Business Insider, Golub was tied for most bullish forecast.
New bank scandal: Swiss probe metals market rigging (CNN)
Here we go again. Switzerland's competition regulator has begun probing seven major banks for rigging prices in the precious metals market, including gold and silver.
Glencore's Trading `Black Box' Leaves Analysts Split on Future (Bloomberg)
Glencore Plc, the commodity trader that lost about a third of its value Monday, is worth either $98 billion or $26 billion, depending on which analyst you ask.
The American consumer has offset the entirety of the economic fallout from the global slowdown (Business Insider)
The US economy grew at a 3.9% pace in the second quarter.
Apple sells record 13 million new iPhones (CNN)
It was a good weekend for Apple (AAPL, Tech30). The company said that it has sold a whopping 13 million new iPhones.
Politics
Obama says U.S. would work with Russia, Iran to resolve Syria conflict (Market Watch)
President Barack Obama said the U.S. is prepared to work with Russia and Iran to find a resolution to the conflict in Syria, but asserted he couldn’t accept a return to pre-civil war rule by Bashar al-Assad following years of bloodshed.
Technology
Watch The Tesla Model X SUV’s ‘Falcon’ Doors In Action (Popular Science)
Tesla Motors’ Model X is set for an official reveal tomorrow when the first examples of the electric SUV are delivered to their eagerly awaiting customers at a special ceremony at Tesla’s plant in Fremont, California. We’ve already had a good look at the vehicle and learned that it will cost $5,000 more than a Model S sedan with similar specs.
A VR Kit from Microsoft? May be budget-worthy contender (Phys)
It's interesting what a simple cardboard box with a pair of lenses can do in drawing interest from techie sites worldwide. But then again we are in a VR-conscious marketplace and have already seen the news over Google Cardboard.
Health and Life Sciences
Can eating peppers help you live longer? (Futurity)
People who have a taste for chili peppers and other hot spicy foods may live longer, research suggests.
A new study of more than 500,000 Chinese adults over seven years finds that participants who ate foods flavored with chili peppers every day reduced their risk of premature dying by 14 percent, as compared to people who ate chili peppers less than once a week.
Age of menopause 'controllers' found (BBC)
Sections of DNA that control when women go through the menopause have been identified by scientists.
Their report, in the journal Nature Genetics, identified genes involved in how the body repairs itself.
Life on the Home Planet
New York City Faces Higher Risk for Extreme Floods (Scientific American)
A combination of climate-driven sea level rise and stronger tropical cyclones is putting New York City at risk for more and higher floods like those seen during Hurricane Sandy, a group of researchers has found.
