Markets proved that last Friday’s 600-point Dow drop wasn’t an isolated incident, as all major US indices were down nearly 4% (at least) in a nasty Monday of trading – NYTimes and WSJ and Bloomberg and MarketPlace

The Upshot’s already cautioning against reading too much into the two days of market freefall – NYTimes

Streetwise generally agrees, though it cites the two underlying narratives behind the drop as potentially portending much worse – WSJ

Regardless of cause or ultimate effect, it didn’t do anything to help bitcoin’s cause, that’s for sure – Bloomberg and WSJ

Samsung scion Lee Jae-yong was freed yesterday after roughly a year in a South Korean jail on corruption charges, this despite a 5-year sentence and rampant criticism of the justice system’s kid gloves approach to the all-powerful chaebols – NYTimes and WSJ

We’ve got a price tag for that historic Federal Reserve rebuke of Wells Fargo last Friday: roughly $29 billion in market value. Yyyyouch – WSJ

And since we’re talking Wells, Minnesota federal judge Patrick Schiltz denied the bank’s request for a new trial yesterday in a case involving a $1.25 billion transaction that the IRS considered a “tax ‘sham’” – Law360

It’s tech giants Alphabet v. Uber in the court battle over allegedly stolen autonomous-driving technology that kicked off in California federal court yesterday – WSJ and Bloomberg and Wired

Judge Lorna Schofield has denied an investor bid to proceed as a class against HSBC for its alleged failures as trustee of 200 RMBS trusts. Judge Schofield found that “would-be class members face too many individual questions around standing and statutes of limitations to warrant class treatment” – Law360

Lululemon CEO Laurent Potdevin is out, effective immediately, after “f[alling] short” of the company’s “standards of conduct” – WSJ and Bloomberg

Big Game excitement? Sure. But Wired helps us break down the most important non-game action: SBLII’s best commercials – Wired