Wonder what traders are talking about today?
We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:
- The retirement of Fed Vice Chair Stanley Fischer
- What the iPhone will change about smartphones forever
- How a Navy SEAL commander thinks you should start your day
And more!
So check out these links right now and get up to speed:
1) Fed Vice Chairman Fischer Resigns, Says Economy Is Stronger (Bloomberg)
Federal Reserve Vice Chairman Stanley Fischer has resigned effective on or around Oct. 13 after serving three years at the U.S. central bank.
Fischer, 73, was appointed to the Fed by President Barack Obama in 2014 to a term as vice chair that would have expired in June 2018. He cited “personal reasons” in a Sept. 6 resignation letter to President Donald Trump, released Wednesday by the central bank.
2) Kohl's is the latest retailer to partner with Amazon, selling Echo devices in its stores (CNBC)
Add Kohl's to the list of brick-and-mortar retailers signing deals with Amazon.
The department store chain unveiled plans on Wednesday to roll out a “smart home experience” in 10 stores, ahead of the holiday shopping season.
3) Scott Redler's Chart Attack: SPX, QQQ, IBB, AAPL, NFLX, TSLA (T3 Live)
T3 Live Chief Strategic Officer Scott Redler breaks down 6 key charts so you can understand how he's reading the rocky market action.
4) A legendary volatility pioneer says one of the market's hottest trades is like ‘betting on the roulette' (Business Insider)
One of the market's hottest trades this year has involved betting on stocks to sit still.
The wager in question is shorting the CBOE Volatility Index, or VIX, and many investors are big fans. Following a recent short-term increase in the VIX, traders added almost $400 million of exposure to the trade. One guy — a former manager at Target — says he's made millions betting against the VIX.
5) Three things that will never be the same after the iPhone 8 (The Verge)
Apple, like everyone else, sometimes takes multiple iterations to complete its most ambitious goals. But as we face up to the culmination of another year of hyped-up iPhone speculation, I do see three particular ways in which the iPhone 8 (or whatever Apple calls its new flagship) will indeed be the harbinger of massive and irrevocable change.
6) Hurricane Irma batters Caribbean as Florida braces for weekend landfall (Reuters)
Monster Hurricane Irma slammed across islands in the northern Caribbean on Wednesday, packing a potentially catastrophic mix of pounding winds, raging surf and rain en route to a possible Florida landfall this weekend.
7) 7 Ways to Be Just Another Failed Trader (T3 Live)
Do you want to fail as a trader? Do you want to miss your next mortgage payment? Or pull your daughter out of private school because you can’t make tuition next month?
Well you’re in luck! Because we’ve got 7 surefire tips for failing as a trader.
8) The ‘demonetized’: YouTube’s brand-safety crackdown has collateral damage (Digiday)
This past May in New York City, YouTube held a summit for its top 100 or so video personalities, individuals and networks. It was a chance for these creators to get face time with senior YouTube executives and discuss what was happening on the video platform. One issue that some attendees felt YouTube needed to address: declining ad revenue.
9) Putin Rejects Cutting Off Oil to North Korea (NY Times)
President Vladimir V. Putin of Russia said his country opposed cutting off oil supplies to North Korea as part of new sanctions being considered in the wake of the country’s latest nuclear test, according to official accounts of his meeting Wednesday with President Moon Jae-in of South Korea.
10) Life Advice from a Navy SEAL Commander (YouTube)
Retired United States Navy Admiral William H. McRaven, a former Navy Seal has 10 tips to help you make the world a better place.
And it starts with making your bed every day: