Todays Markets

Bloomberg: Stocks Mixed; Dollar Slips Before Jackson Hole: Markets Wrap
Asian stocks traded mixed Friday as U.S.-China trade negotiations produced no breakthrough, while the dollar slipped ahead of an address from Federal Reserve chairman Jerome Powell. [more...]

Bloomberg: Will the Market Crash If Trump Is Impeached? Here's What Analysts Say
How seriously should people take Donald Trump’s claim that stocks would crash if he were kicked out of office? As you mull over an answer, consider what someone in the other party would say. [more...]

Bloomberg: Elon Musk Hires Morgan Stanley to Help Take Tesla Private
Elon Musk has hired Morgan Stanley to assist him in his potential bid to take Tesla Inc. private, according to a person familiar with the matter. [more...]

Bloomberg: U.S.-China Talks Draw a Blank, Bringing Fresh Tariffs Into View
The trade war between the U.S. and China is primed to escalate after their governments failed to make progress in two days of talks. The two sides had met with low expectations for this week’s meetings and no further talks had been scheduled, a person familiar with the discussions said. [more...]

Bloomberg: Australian Dollar May Be En Route to 70 Cents
Australia’s dollar is seen dropping to a more than two-year low of 70 U.S. cents as infighting in the ruling party threatens to create policy paralysis. The Aussie tumbled as much as 1.5 percent Thursday as Prime Minister Malcolm Turnbull fought to stave off a challenge from the conservative wing of his own party.  [more...]

Bloomberg: Hong Kong Intervenes Again to Defend Peg as Dollar Advances
Hong Kong intervened again to defend its currency peg as the greenback rallied after U.S.-China trade talks yielded no progress. The Hong Kong Monetary Authority bought HK$1.77 billion ($225 million) during New York trading hours on Thursday, according to the de facto central bank’s page on Bloomberg.  [more...]

Bloomberg: South Africa Says Trump's Land Tweet Serves to Polarize Debate
South Africa’s Department of International Relations and Cooperation said it met with a representative from the U.S. Embassy and expressed its disappointment with Washington’s failure to use available diplomatic channels about land reform in the country. [more...]

Bloomberg: Venezuela Currency Chaos So Bad, There's an App to Lop Off Zeros
Confused by Venezuela’s re-denomination of the bolivar this week, which lopped off five zeros from the currency to cope with a bout of hyperinflation? There’s an app for that. [more...]

Reuters: Asia slips after U.S.-China trade talks end without progress
Asian stocks fell on Friday after U.S.-China trade talks ended without progress and market focus shifted to a speech by the Federal Reserve chairman for fresh clues on the direction of U.S. monetary policy. [more...]

Reuters: Exclusive: China to keep hitting back at U.S. over trade, to boost government spending - finance minister
China will keep hitting back at Washington as more U.S. trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses in China - whether Chinese or foreign, Finance Minister Liu Kun said. [more...]

CNBC: US industry leader on tariffs: 'Prices will go up, sales will go down, jobs will be lost'
U.S. tariffs on Chinese imports will simply mean that American consumers have to pay higher prices for products down the road, an industry association leader said on Friday. [more...]

CNBC: Why the 4-day workweek might be closer than you think — and the 10 careers best suited to it
How would you like a four-day workweek? It may sound like a trick question, but it could become an increasingly common one as employers look for alternative ways to attract staff and boost productivity. [more...]