Markets News 

Chinese property boom is propping up President Xi Jinping’s hopes for the economy

“Dire prophecies of a Chinese housing bubble have been a staple of economic punditry for at least a decade” writes Wang Zhao for cnbc.com. In 2010, billionaire short-seller James Chanos called China’s property market “Dubai times 1,000″.Despite their differences, both sides in the debate mostly agree that an outright crash of the housing market is unlikely.”At this point everyone realises they don’t really intend to crack down on the housing market.”. For China’s domestic economy, the world’s largest at purchasing-power parity, property investment directly contributed 10 per cent to GDP…

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Markets News 

Nike has lost its crown as king of the sneaker market — and a sneaker mogul has a simple explanation for why

“Nike’s crown as king of the sneaker market lasted until just recently when the unthinkable happened and the brand suddenly lost its “cool factor.”” writes Seth Archer for businessinsider.com. Making a crazy-popular sneaker is a classic supply and demand problem, with disastrous consequences if you get it wrong. Source: businessinsider.com Share This:

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News 

Terrorism Insurance in Demand for Concerts Following Las Vegas Attack

“Read more: Jason Aldean, Luke Bryan & More CMT Artists of the Year Open Show with Las Vegas Tribute While no one could truly prepare for a tragedy like the one in Las Vegas, LaPolt says recent attacks have made terrorism insurance more common” writes Ashley Cullins for billboard.com. “If you get paid a million dollars, all of your tour costs come out of that million.And Orange Is the New Black showrunner Jenji Kohan told THR recently that she took out terrorism insurance on her office building because she expects a show she’s developing…

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News 

Senators Demand Online Ad Disclosures as Tech Lobby Mobilizes

“McCain, would require internet companies to provide information to the election commission about who is paying for online ads” writes Kenneth P for nytimes.com. A Facebook official said that the company will submit comments to the election commission as it considers tightening its disclaimer rules.After initially resisting requests to turn over Russian-linked ads, Facebook has provided them to a congressional committee investigating Russian meddling in the 2016 election.The company added that with the sheer number of ads on the site, the engineering involved in identifying political ads would be extremely…

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News Oil 

OPEC chief says global oil demand will pass 100 million barrels per day by 2020

“We expect global oil demand to surpass 100 million barrels per day by 2020,” Barkindo told the audience of oil industry leaders” writes Aron M for cnbc.com. This figure is far above the oil producing group’s forecast for 2017 in which global oil demand is expected to be around 96.8 million barrels per day.This strengthening in global oil demand meant that there was “no peak demand for the considerable future,” Barkindo said.Speaking at the Oil & Money conference in London, Barkindo said confident prices would rise and global oil demand…

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Crypto News 

Ethereum ETNs are Extremely Popular in Their First Week of Being Listed

“More specifically, the demand is quickly growing, despite the ETNs being available for just one week” writes Jp Buntinx for newsbtc.com. The community that was demanding the product has shown up in full force; and now, the community has a new request – research.” All of this points toward a positive future for Ethereum ETNs.Despite being around for just one week on Nasdaq Nordic, the demand is quickly growing. Source: newsbtc.com Share This:

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Markets News Regulators Stocks 

The moment of truth for U.S. stocks will take place in the next two weeks

“Using a combination of societal norms and natural lifetime investment patterns, The Investment Rate tells us in advance where current natural demand levels are” writes Thomas H for marketwatch.com. Natural demand levels defined by the Investment Rate are declining, but the fabricated demand coming from stimulus efforts have been consistent.This natural flow of money is defined by The Investment Rate, my longer-term macroeconomic model.Natural demographic demand is declining aggressively, and it will compound the adverse impact of the end of stimulus and the lower demand levels.That is simple supply and…

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News 

Meet the anti-drone: The high-tech system that detects and takes down intruding drones

“As drones will be an indispensable part of future technology, regulation of drones is essential,” Quek said” writes Uptin Saiidi for cnbc.com. Another player in the space is SkySafe, an anti-drone technology backed by Andreessen Horowitz.TeleRadio said it’s currently in discussions and testing its device with governments in Asia and the Middle East as demand for anti-drone systems increases. Source: cnbc.com Share This:

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Samsung forecasts Q3 profit of $12.8 billion, up 179% year-on-year

“The Apple smartphone rival and global memory chip leader said third-quarter operating profit was likely 14.5 trillion won ($12.81 billion), compared with the 14.3 trillion won average of 20 analyst estimates in a Thomson Reuters poll” reports venturebeat.com. (Reuters) — Samsung Electronics said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins.Analysts have tipped its chip division to propel the firm to record overall profit. Samsung shares were trading down 0.8 percent…

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