Todays Markets

Bloomberg: Stocks in Asia Meander as Treasury Yields Hug 3%: Markets Wrap
A rally in Asian stocks weakened on Thursday as rising U.S. Treasury yields threatened to pose a fresh test for equity investors. The dollar maintained declines against most major peers and oil extended gains. [more...]

Bloomberg: Fortunes Made and Lost on Weed in Wildest Single Day of Trading
In perhaps the wildest day yet for the nascent Weed Inc., shares in Tilray took a ride reminiscent of the Bitcoin craze and even the height of the dot-com bubble. [more...]

Bloomberg: Trump's Early Trade-War Advantage May Be Slipping by the Day
President Donald Trump may find it harder to claim victory over China the longer his trade war runs, even as he points to America’s ebullient economy and stock market as evidence he’s winning for now. [more...]

Bloomberg: Hackers Steal $60 Million From Japanese Crypto Exchange Zaif
Hackers stole $60 million of digital coins from a Japanese exchange, the latest in a string of thefts that have kept many institutional investors wary of putting their money in cryptocurrencies. [more...]

Bloomberg: The Pot Rally Just Minted Three New Billionaires
The first private equity firm focused exclusively on the cannabis industry has spawned three billionaires. Brendan Kennedy, Michael Blue and Christian Groh founded Seattle-based Privateer Holdings Inc. in May 2010 and the firm later invested in Canadian pot firm Tilray Inc., whose market value topped $21 billion Wednesday after surging more than 1,200 percent in the past two months. [more...]

Bloomberg: The Hype Around Pot Stocks Is Catching Up to the Crypto Craze
Crypto stocks were all the rage last year, until they weren’t. Will cannabis companies meet the same fate? Shares of Tilray Inc. have rallied more than 1,000 percent since the Canadian pot firm went public in July, leaving some of the most hyped digital-currency companies in the dust. [more...]

Bloomberg: Pound Falters on Report of May's Rejection of EU Brexit Plans
The pound erased an earlier advance after The Times reported that U.K. Prime Minister Theresa May was preparing to reject the European Union’s improved offer to solve the Irish border issue. [more...]

Reuters: Cboe exchange turns to machines to police its 'fear gauge'
Hard pressed to quash allegations that its popular “fear gauge” is being manipulated, Cboe Global Markets (CBOE.Z) is turning to artificial intelligence to help put those concerns to rest. [more...]

Reuters: China plans import tariff cuts as soon as October: Bloomberg
China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. [more...]

CNBC: Jack Ma says he won't ever come back to lead Alibaba after he leaves next year
Jack Ma, the iconic co-founder of Chinese e-commerce giant Alibaba, said Thursday that he will not return to run the company after his planned departure next year. [more...]

CNBC: The 'Great Bull' market is 'dead,' and here's what's next, Bank of America predicts
The "Great Bull" market that came after the financial crisis is dead due to slowing economic growth, rising interest rates and too much debt, according to a Bank of America Merrill Lynch analysis. [more...]

CNBC: Brexit's big irony: The EU looks like it's trying to rescue the UK's embattled prime minister
As battles over Britain's final Brexit proposals continue to cause divisions within Theresa May's government and the U.K. parliament, support for the British prime minister and her leadership is coming from an unlikely source — Europe. [more...]