Todays Markets

Bloomberg: Stocks Drop; Euro Falls on Italy Budget Worries: Markets Wrap
Stocks in Asia fell Thursday as investors took in the likelihood of further Federal Reserve interest-rate increases stretching into next year. The euro fell on a report that Italy may postpone a meeting on its 2019 budget plan. [more...]

Bloomberg: Fed Raises Rates and Says More Coming, Brushing Off Trump Jabs
Federal Reserve officials raised interest rates and cemented expectations for another hike this year as they reaffirmed that a strong U.S. economy will probably warrant further gradual increases well into 2019. [more...]

Bloomberg: This 24-Year-Old Built a $5 Billion Hotel Startup in Five Years
Finding clean, affordable hotels in India can be a traveler’s nightmare. Too often, what looks good on a website turns out to be a roach-infested room in a crumbling building where water has to be schlepped to the bathroom in a bucket. [more...]

Bloomberg: Crypto's Open Secret: Its Multibillion-Dollar Volume Is Suspect
Four months ago, BitForex was just one of many obscure exchanges offering users the ability to trade cryptocurrencies like Bitcoin. Today, the Singapore-based platform is regularly reporting daily transactions that exceed $5 billion -- nearly matching turnover on London’s 217-year-old stock exchange. [more...]

Bloomberg: Trump Says He Refused Meeting With Trudeau Over Trade Talks
President Donald Trump said he rejected a one-on-one meeting with Canadian Prime Minister Justin Trudeau at the United Nations General Assembly because he’s dissatisfied with trade negotiations with Ottawa.  [more...]

Bloomberg: The Fed’s New Dot Plot
Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into 2019, risking fresh criticism from President Donald Trump. [more...]

Bloomberg: Morgan Stanley Says Traders Mispricing Fed at Both Ends of Curve
Morgan Stanley strategists reinforced their recommendation for a flattening U.S. yield curve, concluding that traders are currently mispricing the outlook for the Federal Reserve at both the short and long end. [more...]

Bloomberg: A Bullish Case Suddenly Builds for Unloved European Assets
Wherever you look, European markets are showing signs of emerging from the long shadows of Italian political risk and trade wars. [more...]

Reuters: China, NZ shrug off Fed, but FX risks seen pushing Philippines and Indonesia to hike
China and New Zealand sat tight after the Federal Reserve’s latest rate hike, but both Indonesia and the Philippines are expected to tap the policy brakes later on Thursday to prop up their battered currencies and temper financial risks. [more...]

Reuters: Fed raises U.S. interest rates, sees at least three more years of growth
The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth. [more...]

CNBC: Another round of Trump tariffs could mean 'economic shock waves' for China
Key consumer tech products have so far mostly escaped the heat of the ongoing trade war. But if U.S. President Donald Trump makes good on his threat to impose tariffs on the full range of Chinese imports into his country, it could hit that sector hard, experts said. [more...]

CNBC: 'Billion Dollar Whale': An inside look at Jho Low and the 1MDB scandal
Malaysian businessman Jho Low is considered the mastermind of a multi-billion dollar financial scandal that involves a complex web of offshore shell companies, A-list celebrities, the Middle East and Wall Street. [more...]