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Aug 26, 2016

WSJ | Forex Closing on August 26, 2016

The Wall Street Journal

Forex Closing
Major Currencies
Friday, August 26, 2016

WSJ | Biggest Gainers Closing on August 26, 2016

The Wall Street Journal

Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 08/26/2016

WSJ | Most Actives Closing on August 26, 2016

The Wall Street Journal

Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 08/26/2016

WSJ | Biggest Decliners Closing on August 26, 2016.

The Wall Street Journal

Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 08/26/2016

DealBook | Today'sTop News - August 26, 2016: Top Story | DealBook Highlights | Your Money | Sunday Business | Buzz Tracker

The New York Times

Top Story
Janet L. Yellen, the Federal Reserve chairwoman, on Thursday. The Fed raised interest rates in December for the first time since the financial crisis.
Yellen Sees Stronger Case for Interest Rate Increase
The Federal Reserve chief, in a speech, pointed to gains in the job market and economic outlook. But the Fed is not expected to act before December.

Wall Street Closing Report , by CNBC on August 26, 2016: Stocks Close Mixed After Fed Commentary; Nasdaq Snaps 8-Week Win Strea
Fred Imbert
U.S. stocks closed mixed on Friday, with utilities lagging, as investors digested remarks made by Federal Reserve Chair Janet Yellen and Vice Chairman Stanley Fischer.

Bits | The Business of Technology - August 26, 2016: Facebook’s Attack on Democracy

Friday, August 26, 2016

The New York Times


The New York Times

Friday, August 26, 2016

There is a saying that came out of the 1960s: “The personal is political.”
It’s still true, but in ways that might make you worry about the future of democracy.
John Herrman reports in The New York Times Magazine on publications that essentially live on Facebook, with a mission to provoke as much as to inform.

CMI | Metals Spot Prices Closing on August 26, 2016

Spot Prices as of traditional New York closing times

Friday, August 26, 2016


The Guardian | Opinion | EU Referendum and Brexit Opinion - August 26, 2016: Don’t be Fooled. There Will be Damaging Fallout From Brexit, by Will Hutton
Will Hutton
Two months on, leave campaigners now acknowledge that a key driver of their successful campaign was not to argue via fact and evidence, but rather to stir raw emotions – “psy ops” as Iain Duncan Smith has called it. Fact-based criticism was dismissed as part of “Project Fear”, a way of monstering inconvenient challenges to the blithe it-will-all-be-fine claims of leave. It worked then, and to a saddening degree, it is still being deployed.

BEA News Release Gross Domestic Product on August 26, 2016: Real Gross Domestic Product Increased at an Annual Rate of 1.1% in The Second Quarter of 2016 according to Second Estimate..

News Release: Gross Domestic Product

National Income and Product Accounts
Gross Domestic Product: Second Quarter 2016 (Second Estimate)
Corporate Profits: Second Quarter 2016 (Preliminary Estimate)

FTC | Scam Alerts - August 26, 2016: The Top Three ways to Avoid Fraud

Federal Trade Commission Consumer Information

by Jennifer Leach
Assistant Director, Division of Consumer and Business Education

In pretty much every article and blog post we put out, you’ll find tips to help you avoid scams. The idea is that, if you can spot a scam, and know how to avoid it, you and your money are more likely to stay together.
Today, we’re releasing a brochure that distills those tips down to the top 10 ways to avoid fraud. This brochure – available online and in print – is your one-stop resource to help you spot imposters, know what to do about robocalls, and how to check out a scammer’s claims.

Read more >

European Markets Closing Report, by CNBC on August 26, 2016: Europe Stocks Close Higher After Yellen; Up 1% on the Week; VW Rallies 3%
Arjun Kharpal, Matt Clinch
European stocks seesawed in afternoon trade and closed higher as investors reacted to a speech from Federal Reserve Chair Janet Yellen.

FRB | Speech on August 26, 2016 by Chair Yellen on The Federal Reserve's Monetary Policy Toolkit: Past, Present, and Future

Past, Present, and Future--August 26, 2016

Chair Janet L. Yellen

DealBook | Today's Morning News - August 26, 2016: Car Trouble and a Retreat, Sort of, by Mylan

The New York Times

By Amie Tsang

It’s been a tough year for Volkswagen’s car dealers. Cheered by the German automaker’s ambition to become a bigger player in America, they had invested millions of dollars into their franchises. As recently as 2014, dealers were paying premiums of $3 million to $4 million to buy franchises in the United States.

U.S. stock Market Future Indications, by MarketWatch on August 26, 2016: Worries About Yellen's Jackson Hole Speech Stop Dow Futures in Their Tracks
Victor Reklaitis
U.S. stock futures were locked in a holding pattern with just a few hours to go before a much-anticipated address by Federal Reserve chief Janet Yellen.
Dow Jones Industrial Average futures YMU6, +0.01%  shed 2 points, or less than 0.1%, to 18,446, while S&P 500 futures ESU6, +0.02% inched up by 0.15 point to 2,173.75. Nasdaq-100 futures NQU6, -0.04%  fell 2.75 points, or 0.1%, to 4,779.50.
In a speech scheduled for 10 a.m. Eastern Time, Yellen may signal the Fed is ready to raise interest rates next month. Some analysts are sounding downbeat ahead of her address in Jackson Hole, Wyo.
“Today’s Jackson Hole gathering could be quite critical, with expectations heightened over if Yellen will provide clarity on when the Fed may break the trend of central bank caution,” said Lukman Otunuga, an analyst at FXTM, in a note.
“If there is a further disconnect between markets and the Fed then jitter and risk aversion could leave stocks vulnerable to heavy losses,” he added.
Read more: Yellen to say ‘ready’ for another rate hike in Jackson Hole
And see: Fed might hike interest rates despite market objections
On Thursday, the S&P 500 SPX, -0.14%  closed 0.1% lower, while the Dow DJIA, -0.18%  shed 0.2%, as investors seemed reluctant to make big bets on the eve of the Fed chairwoman’s speech. The S&P is down 0.5% for the week, as of Thursday’s close, and the Dow is 0.6% lower.
Individual movers: Shares in Herbalife Ltd. HLF, +1.01% could make moves following news that billionaire investor Carl Icahn has recently discussed selling his stake in the nutritional-products company to a group including Herbalife’s arch-nemesis Bill Ackman.
Anheuser-Busch InBev NV BUD, -0.06% ABI, +0.58% warned Friday its beer megamerger with SABMiller PLC SAB, +0.07% could lead to thousands of job losses in the coming years. The Budweiser producer’s U.S. listed shares rose 0.9% in premarket action.
Software company Splunk Inc. SPLK, +1.35% , beauty products sellerUlta Salon Cosmetics & Fragrance Inc. ULTA, -0.92% and video game retailerGameStop Corp. GME, +1.42% all look on track for down days after each company’s stock suffered an earnings-driven drop late Thursday.
Other markets: Oil futures SPLK, +1.35%   traded lower, hurting sentiment. European stocks SXXP, -0.08% largely edged down, while Asia closed mixed. Gold futures GCZ6, +0.34%  inched higher, and a key dollar index DXY, -0.07% retreated.
Other economic reports: Before Yellen nears the microphones, a couple of U.S. economic reports are slated to hit.
At 8:30 a.m. Eastern Time, investors are due to get a second-quarter reading on U.S. gross domestic product. Economists polled by MarketWatch expect growth of 1.1%, compared with the preliminary print of 1.2%. Also at that time, a July report on advance trade in goods is due, with forecasts calling for a deficit of $62.5 billion.
At 10 a.m. Eastern as Yellen speaks, an August figure for a consumer-sentiment gauge is expected to come in at 91.0.

Asian Markets Closing Report, by MarketWatch on August 26, 2016: Nikkei Drops, Preparing For Bad News From Fed
Kenan Machado 
Shares in Asia drifted lower Friday, as investors largely held fire ahead of guidance from U.S. Federal Reserve Chairwoman Janet Yellen.

The Guardian | UK | Media | Media Briefing on August 26, 2016: Game of Thrones, BBC, Edinburg TV Festival
Game of Thrones is arguably the world’s biggest show, and it’s difficult to imagine it would be quite so successful if it wasn’t for its high levels of violence. Yet it has come under fire recently for its depictions of violence towards women, with even die hard fans questioning whether it was necessary.
For Sky content boss Gary Davey, the criticism is misplaced. He told the Edinburgh TV festival on Thursday that claims the show had used a rape to develop a character unnecessarily were “nonsense”.
Yet it remains an awkward conundrum for media companies. Violence on screen clearly sells, so the urge to ramp up the gore factor, to push the boundaries, is constant. In those circumstances, working out where the line should be is always going to be difficult.

MediaGuardian’s top stories

Being Human: a hit for BBC3 before it went online-only.
Being Human: a hit for BBC3 before it went online-only. Photograph: Huw John/BBC/Touchpaper
Vice Media founder: I wouldn’t have closed BBC3 TV channel
US media tycoon John Malone leads race to buy F1
EU proposals could see news publishers paid by Google and Facebook
WhatsApp to give users’ phone numbers to Facebook for targeted ads
Several double-digit drops in regional daily circulations
BuzzFeed prepares to split into news and entertainment units
BBC’s Nigel Farage comedy to explore his ‘empty hours of retirement’
ITV drops plans to acquire Entertainment One
The Great British Bake Off draws record launch audience

Best of the rest

Stranger Things: summer hit for Netflix.
Stranger Things: summer hit for Netflix. Photograph: Photoshot
Supernatural hit: Stranger Things is Netflix’s third most-watched show, says Variety
Last Tango: US Swimmer Ryan Lochte has signed up to Dancing with the Stars in the US, reports the Mirror
Gum shoe: ITV factual is to ‘go big on crime’ according to Broadcast (£)

And finally....

ITV director of television Kevin Lygo got a cheer for his carefully worded response to Vice chief Shane Smith’s MacTaggart lecture.