Todays Markets

Bloomberg: Stocks in Asia Fall, Treasury Yields Extend Surge: Markets Wrap
Asian equities and currencies sank as a spike in U.S. Treasury yields to levels unseen since 2011 tests investors’ nerves. The climb in what’s effectively the world’s benchmark risk-free rate is challenging appetites for other assets. [more...]

Bloomberg: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
Amazon.com Inc. is eliminating monthly bonuses and stock awards for warehouse workers and other hourly employees after the company pledged this week to raise pay to at least $15 an hour. [more...]

Bloomberg: The Super-Rich Are Stockpiling Wealth in Black-Box Charities​​​​​​​
It’s all the rage in charitable giving -- and it’s actually got some charities worried. Donor-advised funds — money that grows tax-free in individual accounts — are reshaping the landscape of U.S. philanthropy.  [more...]

Bloomberg: Hedge Funds Cheer Tencent Stake in Chinese Video Streamer
Bilibili Inc. is earning its moniker as one of the more promising technology stocks to go public out of China this year, and hedge funds are cheering Wednesday’s rally. [more...]

Bloomberg: Focus on Quality to Avoid Trade War Bite, Says Fund Manager
The trade tussle between the U.S. and China has taught Arthur Kwong a lesson: focus on quality and forget about Asia’s investment fads. [more...]

Bloomberg: Shunning FAANG Paid Off for Stock Pickers in September
The resistance to chase gains in U.S. tech megacaps paid off big for stock pickers just one month after it stung them the most in nine years. [more...]

Bloomberg: ‘Uninvestable’ U.K. Stocks Are Bargains for These Fund Managers
One of Jim Clarke’s favorite words is ‘uninvestable.’ To the fund manager at Legg Mason Inc. unit Brandywine Global, the word is a signal to start looking for bargains.  [more...]

Bloomberg: Treasury Selloff Enters Second Day as 10-Year Yields Breach 3.2%
A rout in Treasuries extended into a second day as global investors priced in stronger U.S. economic growth and a faster pace of Federal Reserve rate hikes. Benchmark 10-year yields climbed above 3.20 percent for the first time since 2011 and the dollar strengthened. [more...]

Bloomberg: Turkish Inflation Near Record High in Erdogan Era on Lira
Turkey’s consumer inflation climbed to one of the highest levels since President Recep Tayyip Erdogan came to power 15 years ago, spurring calls for higher interest rates to rein in prices. [more...]

Bloomberg: Australian Dollar Delivers Rate Cut Central Bank Can’t Provide
Australia’s currency is set to head even lower as local interest rates fall further behind U.S. levels, delivering a dose of stimulus the central bank has long sought but been reluctant to provide itself. [more...]

Reuters: Traders bet on oil at $100 as Iran sanctions loom
Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand. [more...]

Reuters: Exclusive: Saudi Arabia, Russia agreed in September to lift oil output, told U.S.
Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. [more...]

CNBC: China respects others' trade secrets — unless it wants something, experts say
The lack of intellectual property protections is one of U.S. President Donald Trump's major complaints about China.
With the world's two biggest economies fighting each other in a trade war, Beijing points to statistics showing it respects the rights of international firms. [more...]

CNBC: India's sluggish housing market may deteriorate further if the central bank hikes rates
India's housing market has struggled for growth in recent years and if the central bank raises interest rates this week, there could be a further slowdown in the sector, experts told CNBC. [more...]