Financial Markets and Economy
U.S. Stock Investors Hitting Exits as October Rebound Continues (Bloomberg)
Stock investors picked the wrong month to turn against the market.
Retailers take consumers ‘Back to the Future’ (Market Watch)
With the Chicago Cubs in the National League Champion Series and people ridinghoverboards, it looks like “Back to the Future Part II” was on to something in the 2015 it envisioned.
Invest in love: Match Group files for IPO (CNN)
The Match Group filed for an IPO Friday, applying to be listed on the Nasdaq under the ticker "MTCH."
The S-1 filing says there are over 45 sites in Match's portfolio, including Match itself, OkCupid and Tinder, along with less well-known sites like Our-Time (for those over 50) and BlackPeopleMeet. All, of course, are geared toward fulfilling a mission to "increase romantic connectivity worldwide."
Economic Takeaways of U.S. Consumer Sentiment, Factory Output (Bloomberg)
The Takeaway: Consumers seem to be shaking off U.S. growth worries fueled by stock-market turmoil and softening foreign economies, instead turning their attention to prospects for income growth as the labor market continues to tighten. Households’ expectations for personal finances improved to their highest level since 2007, and some 48 percent of respondents projected good times for the economy over the next five years, up from 41 percent in September. Meanwhile, subdued inflation and borrowing costs are green lights for Americans planning to buy big-ticket goods such as cars and appliances.
Bellwether Wal-Mart suffers worst week since 2008 (Market Watch)
Retail and economic bellwether Wal-Mart Stores Inc. sank 12% this week, its worst weekly percentage decline since October 2008, after releasing a downbeat earnings outlook for fiscal 2017.
Still, the news has not triggered a string of downgrades from analysts for other retailers as of yet, according to FactSet.
U.K. Banks May Face Stress Tests Tuned to Economic Boom and Bust (Bloomberg)
The Bank of England will lay out its approach to stress testing banks next week, bringing in its most recent thinking about the way the financial system interacts with the business cycle and how to smooth peaks and troughs in lending.
Why You Should Invest in a '60s-Era Porsche 911 Targa, Right Now (Bloomberg)
Here’s how to invest in a Porsche without becoming like every other guy looking for a mint 356: Buy a vintage Targa.
The 1960’s-era Porsche 911 Targas were preemptive outlaws, created to circumvent anticipated laws that would forbid the sale of convertible cars in the United States. German ad taglines said: “Now there is a car that combines the freedom of a convertible with the safety of a coupe.”
Charting the Markets: Equities on the Rise Again (Bloomberg)
European equities rise for a second day, Nestle sinks, and VW's market share in Europe slides after the company is engulfed in an emissions-cheating scandal.
There's a potential trillion-dollar troublemaker in the bond market (Business Insider)
The last recession wasn't also called the global financial crisis for nothing.
Emerging Markets Report: Is this the beginning of the emerging-market rally? (Market Watch)
Emerging-markets assets have posted a surprising recovery over the past two weeks as expectations for a near-term Federal Reserve interest-rate hike have deteriorated.
The U.S. economy is just mediocre (CNN)
CNNMoney and E*Trade (ETFC) partnered to poll 1,000 U.S. investors who have at least $10,000 in an online trading account. When asked to rate the economy as great, good, fair, poor or extremely poor, nearly half said "fair."
T-Mobile Leaves New York Stock Exchange to Be Listed on Nasdaq (Bloomberg)
T-Mobile US Inc. will transfer its listing from the New York Stock Exchange to the Nasdaq in a move that the company said it expects will be seamless for investors and shareholders.
Politics
What Bernie Sanders Is Missing (The Atlantic)
It began when Anderson Cooper asked the Vermont senator “what would you do differently” than Hillary Clinton about the conflict in Syria. Sanders answered that, “We should be putting together a coalition of Arab countries who should be leading the effort. We should be supportive, but I do not support American ground troops in Syria.” Which is fine, except that Hillary also supports an Arab coalition and also opposes ground troops, so Sanders didn’t answer the question.
College and healthcare for all – how to pay for it (CNN)
Bernie Sanders' plan sure sounds good: Make tuition free at all public colleges and universities. Expand Medicare to all Americans so no one would go without health insurance.
Technology
Lockheed Mounted A Laser Turret On Business Jet (Popular Science)
The design uses the latest aerodynamic and flow-control technology to minimize the impacts of turbulence on a laser beam. An optical compensation system, which uses deformable mirrors, then is used to ensure that the beam can get through the atmosphere to the target. Left unchecked, turbulence would scatter the light particles that make up a laser beam, much like fog diffuses a flashlight beam.
Health and Life Sciences
Ebola Is Coming Back—But It Never Really Went Away (Wired)
ONCE A MAJOR outbreak dies down, getting rid of a disease entirely is a game of whack-a-mole—and in Ebola’s case, the mole is a deadly, gruesome virus scientists are just beginning to understand. Last Friday, London’s Royal Free Hospital announced that it was treating Pauline Cafferkey, a Scottish nurse who had served in Sierra Leone during this year’s West African outbreak, for what they termed “an unusual late complication” of Ebola.
Hallucinations are the brain trying to make sense (Futurity)
Take a look at the image just below this paragraph—it probably looks like a meaningless pattern of black and white blotches.
Life on the Home Planet
3 Insidious Myths About Migrants (Think Progress)
Often traveling in overcrowded boats and walking long distances on foot, a massive influx of migrants from the Middle East and Africa have set off for what they hope will be a better life in Europe. More than 591,000 reached European shores so far this year, a number that far surpasses the total from previous years. After risking their lives to make the journey, migrants face damning stereotypes from many European officials. Political leaders attempted to drive down public opinion about migrants through a few sensitive issue areas, but the fears they espouse have, for the most part, been based on myths.
Two Palestinians Killed as Protestors Attack Israeli Forces (Bloomberg)
At least two Palestinians were killed in a “Day of Rage” that swept the West Bank and Gaza as the worst violence between Israelis and Palestinians since last year’s Gaza War showed no sign of abating.
A Palestinian assailant posing as a member of the press corps was shot dead as he stabbed an Israeli soldier at a checkpoint near Hebron, the Israeli Army said in a statement.
