19Oct2017 Market Update: Wall Street Pulled Back From Record Highs, Apple Leads The Decline In Technology Stocks, US Jobless Claims Hit A 44-year Low, US Crude And The Dollar Still Show Fractional Signs Of Weakness


Written by Gary

Apple stalls Wall Street's record run by catching a mild 'cold' (SPY -0.2%). A quiet weekend and some good earnings report next week should bring back the markets as good as new.

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What We Read Today 15 October 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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Dashcam Shows Lucky Driver Escape Through Sunroof

A driver in China manged to escape through his car's sunroof, after a telephone pole crushed the front of his vehicle. The driver escaped unharmed.

Infographic Of The Day: Which Cities Are Fueling America's Craft Beer Boom

The craft beer industry in the United States has been a bright spot of the economy for nearly a decade.

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Video of the Day:

A driver in China manged to escape through his car's sunroof, after a telephone pole crushed the front of his vehicle. The driver escaped unharmed.

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Current Weather Outlook

Written by

It was only a one-week vacation and with a "possible" positive MJO coming, it might take another short vacation soon. The forecasted pattern of Highs and Lows in the Pacific is quite unusual. Overall we are entering a fairly dry period for the next four weeks. More details in the full report. We will publish a more detailed three- to four-season outlook on Saturday.

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19Oct2017 Pre-Market Commentary: US Futures Point To A Moderately Lower Opening At The Bell, Crude And The US Dollar Fall, BTFDers Are Sure To Pounce On Low Prices

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Does Corruption Hinder Economic Growth?

from Qruis (formerly The Indian Economist)

-- this post authored by Ishita Misra

According to a research done by a State Bank of India (SBI) team, corruption and economic growth are intrinsically related. Data from around the world shows that a lower level of corruption corresponds to a higher economic growth rate in a country. The report claims that demonetisation has had a positive impact on curbing corruption. Furthermore, lower levels of corruption have led to an increase in foreign fund inflows. However, even though corruption levels have decreased, it is still a rampant problem in India that needs to be weeded out to ensure economic growth in the country.

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 USA economy at a glance (boxed items are updates in last 7 days)

September 2017 Leading Economic Index Declined

Written by Steven Hansen

The Conference Board Leading Economic Index (LEI) for the U.S declined this month - and the authors say "Despite September's decline, the trend in the US LEI remains consistent with continuing solid growth in the US economy for the second half of the year".

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