Global Macro / Markets / Investing:
- Wall Street’s Reimagined Suburban Subdivision Is Full of Renters – Bloomberg
- Stocks perform better when a Democrat is in the White House. History proves it – CNN
- Billionaire says that a wealth tax isn’t a good idea. – CNBC
Americas:
- More Than 3 In 10 Households Used Up All Or Most Of Their Savings During Pandemic, Survey Finds – Forbes
- Pelosi and Mnuchin reach agreement to keep government funded until December 11 – CNN
- SEC awards whistleblower $10 mln for a timely tip on financial misconduct – Forex Brokerz
- US Household net worth increases by $7.6 trillion. The gain was the largest in quarterly records back to 1952.. real estate increased about $458 billion. – Yahoo
- Americans are hoarding trillions of dollars in cash before the presidential election: Morgan Stanley – Yahoo
- USA’s dropping social progress indicators are signs of a long term economic decline – NY Times
- Corporate groups cheer, investors cry foul as U.S. tightens shareholder rights rules – Reuters
- Almost 90 percent of NYC bars and restaurants couldn’t pay August rent – NY Post
- Home sales reach a 14-year high in August, with prices hitting a new record – CNN
Europe:
- Russia’s dominance in the wheat market is growing – Economo
- Covid crisis: the European economy will recover no earlier than 2022 – the ECB forecasts – Finance Drops
- Yves Mersch: The ECB’s emergency measures must be temporary – Economic Daily
- The services sector stopped the growth of business activity in the Eurozone – Economo
- Europe’s livestock farming is worse for the climate than cars, research finds – Brussels Times
- U.K. Prime Minister Boris Johnson has suggested that the U.K. has a worse infection rate than Italy and Germany because it is a “freedom-loving country.” – Market Watch
Asia:
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- China Fines Luckin Coffee and Dozens of Firms That Helped It Inflate Results – WSJ
- Students at a Xi’an University Scream Over Quarantine Conditions – Caixin Global
- China using warlike tactics against Taiwan, former defence minister says – Globe & Mail
- Trump’s Speech at the UN: Accuses Beijing of unleashing ‘plague’ – Reuters
- TSMC warns China-U.S. deleveraging will drive up costs – Reuters
- First mass slavery in Xinjiang; now Tibet as well: Report charts China’s expansion of mass labour programme in Tibet – The Guardian
Trans-Tasman:
- Kevin Rudd slams government’s ‘monumental backflip’ on NBN upgrade – New Daily
- Westpac settles AUSTRAC money laundering case for $1.3 billion – ABC
- NBN flashback: remember when Liberals said fibre to the home was evil? – Crikey
- Rich Thinking: Canberra Bubble wage delusions spawn a bizarre plan to flatten taxes – Michael West
- $17.5m in taxpayer-funded ‘no-tender’ grants for Foxtel fast-tracked through Cabinet – ABC
- Paul Keating says the RBA is not doing what is needed to stop the COVID recession worsening – ABC
- ‘Breathtaking incompetence’: Health Workers Union calls for Premier to sack Health Minister – The Age
- Arrests over ‘extremely sophisticated’ bulk SMS scam that targeted thousands – The SMH
- Former NBN Co boss criticises internet upgrade plan, says company made a ‘big mistake’ – ABC
- What will Australia’s gas-led recovery mean for the country’s carbon emissions? – ABC
- Drop in mortgage interest rates since March particularly helpful to first home buyers, especially in Auckland – Interest.co.nz