Todays Markets

Bloomberg: It’s Official—Cannabis Is the New Crypto
Marijuana Inc. is making more headlines than Crypto Corp. as the stocks of companies linked to the cannabis craze get caught up in a mania that’s sent prices surging. [more...]

Bloomberg: Ripple Plan to Use XRP Sends Cryptocurrency Soaring
XRP, the cryptocurrency commonly referred to as Ripple, has surged as much as 43 percent this week amid optimism that it will serve as the means of exchange in a new payment service being developed by Ripple Labs Inc. [more...]

Bloomberg: Friday Is Going to Be a Huge Day for Stock Traders
Buckle up, traders. Two major market events that have the potential to send U.S. equity volumes sky-high will collide Friday.
The first is the quarterly event known as “quadruple witching” -- when futures and options on indexes and individual stocks expire. [more...]

Bloomberg: Asia Stocks Build on Rally; Hong Kong Dollar Jumps: Markets Wrap
Stocks in Asia are set to cap the strongest two-week rally since February as investors take in evidence that escalating trade tensions have yet to hurt global growth and China’s moves to support its expansion. [more...]

Bloomberg: Emirates Seeks Etihad Takeover to Create World’s Largest Airline
Dubai’s flagship airline Emirates is looking at taking over unprofitable neighbor Etihad, according to four people familiar with the matter, in a move that would create the world’s biggest carrier by passenger traffic. [more...]

Bloomberg: China Plans Broad Import Tax Cut as Soon as October
China is planning to cut average tariff rates on imports from the majority of its trading partners as soon as next month, two people familiar with the matter said, in a move that would lower costs for consumers as a trade war with the U.S. deepens. [more...]

Bloomberg: S&P, Dow Soar to Record Highs as Trade Fears Abate: Markets Wrap
U.S. stock benchmarks reached new highs Thursday on news from China about tariff and currency moves that could ease trade tensions. Treasury yields remained near their highest level this year. The dollar slid. [more...]

Bloomberg: Bitcoin ETFs Delayed Again as SEC Seeks Comment on Fund Proposal
The wait for an exchange-traded fund that invests in Bitcoin likely continues with U.S. regulator seeking comments on a listing request. [more...]

Bloomberg: What Happened This Week in the World Economy and What It Means
We might now have ourselves a veritable trade war, as the U.S. and China are set to enact crippling duties on almost $300 billion total in each other’s goods. [more...]

Blomberg: Oversold Rupee to Rise as Oil Peaks, Biggest India Bank Says
India’s rupee may be set to recover as oil peaks out and investors realize the currency has been sold off too heavily amid the emerging-market rout, State Bank of India says. [more...]

Bloomberg: Dollar Traders See the Fed’s Next Rate Hike as a Big Sell Signal
When a nation’s central bank raises interest rates, it’s often a bullish sign for the currency. Not so in the U.S., where expectations for a Federal Reserve rate hike next week are flashing sell signals for the dollar. [more...]

Reuters: Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?
Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast. [more...]

Reuters: Goldman: Stronger dollar unlikely to derail bullish view on commodities
Goldman Sachs said a stronger dollar is unlikely to derail its bullish view on commodities, which are likely to find support from physical shortages. [more...]

CNBC: JPMorgan: An economic cold war may be coming
The last several months of tit-for-tat tariffs between the U.S. and China may only be the beginning of a prolonged economic conflict. Stock markets in both countries have climbed this week despite fresh tariff announcements. [more...]

CNBC: Former Google CEO predicts the internet will split in two by 2028 — and one part will be led by China
Eric Schmidt, who has been the CEO of Google and executive chairman of its parent company, Alphabet, predicts that within the next decade there will be two distinct internets: one led by the U.S. and the other by China. [more...]