Your Evening Briefing
Most U.S. equities fell, continuing what's been a miserable few weeks for investors. But it's only Monday. Earnings from the likes of Amazon, Alphabet, Microsoft and Intel, as well as U.S. growth data, may provide a welcome pick-me-up in the coming days.
Here are today's top stories
Turkey President Recep Tayyip Erdogan is trying to turn the killing of Jamal Khashoggi into a means for regaining influence in the Middle East.
Pax Labs, a startup that makes internet-connected marijuana vaporizers, is said to be valued at $5 billion.
"The Vancouver model," a mingling of clean and dirty cash from China, made the Canadian city boom. So why is it trying to stem the flow? Bloomberg Businessweek reports on the city that had too much money.
The lithium-ion battery business is booming as electric vehicles surge in popularity. Even companies older than the Model T are benefiting.
Warby Parker, Bonobos and Casper thought they didn't need physical stores to win over millennials; a well-designed website was more than enough. But then a funny thing happened: Digital natives embraced "offline" experiences, or what you and I would call "going shopping."
Michael Avenatti, the lawyer who represents adult movie star Stormy Daniels in her fight against President Donald Trump, was ordered to pay $4.85 million to a lawyer who worked with him at his former firm.
What's Joe Weisenthal thinking? The Bloomberg news director is guessing where shares of private companies like Uber and WeWork would be trading right now if they were public. Tech stocks have been taking it on the chin, raising the stakes for Amazon, Alphabet and Microsoft, which are all due to report earnings this week.
What you'll need to know tomorrow
- Netflix is selling $2 billion of junk bonds to fund new shows.
- From brownstones to warehouses, solar is growing in NYC.
- Kombucha is king at the convenience store of the future.
- Now apps can track you even after you uninstall them.
- Wall Street's lacrosse fraternity is backing an upstart pro league.
- Elon Musk said his hyperloop test tunnel will open in December.
- The world's fourth-biggest oil producer can't keep the lights on.
What you'll want to read tonight
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