Manhattan Apartment Sales Plunge 20%
http://www.bloomberg.com/news/articles/2016-10-04/manhattan-apartment-sales-plunge-20-as-homebuyers-get-pickier
These Are the Winners and Losers in the IMF’s New Global Growth Forecasts
http://www.bloomberg.com/news/articles/2016-10-04/these-are-the-imf-s-new-forecasts-for-the-world-s-major-economies
IMF Reduces Forecast for U.S. Economic Growth This Year @FoxBusiness
http://www.foxbusiness.com/markets/2016/10/04/imf-reduces-forecast-for-u-s-economic-growth-this-year.html
PepsiCo misleads buyers of Naked juice, lawsuit says
http://www.reuters.com/article/us-pepsico-naked-lawsuit-idUSKCN1241ZF?il=0
Google Announces New Pixel Phone With Unlimited Storage @FoxBusiness
http://www.foxbusiness.com/markets/2016/10/04/google-announces-new-pixel-phone-with-unlimited-storage.html
Ericsson job cuts hit Sweden hard as network challenge persists
http://www.reuters.com/article/us-ericsson-jobs-idUSKCN1240JE?il=0
Required Reading
Philippine leader tells Obama ‘go to hell’ Exclusive: Yahoo secretly scanned customer emails for U.S. intelligence – sources WikiLeaks’ Assange signals release of documents before U.S. election Nobel for work on ‘exotic’ matter explained with bagel Hurricane Matthew hits Haiti, heads for Cuba and then U.S. 12:59PM EDT
The Closing Look
Stocks fell on Tuesday after a few Fed heads suggested the Fed should raise rates as soon as November. This sent the US dollar higher and gold and other interest rate sensitive areas of the market lower on the news. Utilities, REITs, and a handful of other interest-rate sensitive areas of the market fell hard as…
If it moves or breathes, the socialists want to tax it!
“Netflix and tax? Uncle Sam may be the next thing coming to your Netflix, Inc. (NASDAQ: NFLX) subscription. California cities are weighing a potential streaming tax to put a damper on your binge-watching habits, according to a report from the Los Angeles Times. Pasadena city officials are considering whether or not to lump in streaming…