So much for 2 days of optimism. Stocks took another dive yesterday, well into correction territory – NYTimes
Care to guess what that meant in Asia today (and Europe, for that matter)? – WSJ
Goldman Sachs is the latest investment firm to try to torpedo the upstart IEX (baby of “Flash Boys” hero Brad Katsuyama) and its 350-microsecond delay meant to level the HFT playing field. Goldman claims the delay gives the exchange itself an unfair advantage, a complaint BATS, the NYSE, and Citadel Securities have also made about IEX – NYTimes
Looking to stress its move into the “industrial Internet” field, GE is leaving its Connecticut headquarters and taking a cue from the Dropkick Murphys (by shipping up to Boston) – NYTimes and WSJ
British regulators have announced new rules to require employment contracts in the financial sector to allow for bonus clawbacks by previous employers. The provisions add to rules implemented last year that extended the clawback period to 10 years for misconduct – NYTimes
Add another $156 million to the SEC coffers after a summary judgment win this week against two men convicted of “aiding in a Crown Forex SA foreign-exchange Ponzi-scheme” thanks to a separate action for disgorgement penalties and interest – Law360
Even as the market tanked yesterday, beer behemoth AB InBev was pushing up its corporate bond sale expectations, ultimately raising $46 billion (after planning to issue a mere $30 billion) from investors thirsty for relatively attractive yields on single-A rated debt – WSJ
Also out of London, British courts have set fall 2017 trial dates for 6 of the 11 former employees of Barclays and Deutsche Bank accused of manipulating Euribor, the euro interbank offered rate – NYTimes
Hedge fund manager John A. Paulson is reportedly winding down his Bermuda-based reinsurance company, PacRe, among increased IRS and Congressional scrutiny of offshore tax strategies – NYTimes
Somehow, “Bragi Dash” seems just about the perfect name for the next big thing in wearable tech—“the world’s first truly wireless earbuds [and a] 23 –sensor computer,” all wrapped into one (or two. They’re headphones, people) – WSJ
Seems like a pretty good time to trot out John Oliver’s 2014 piece on the government, lotteries, and the business of “selling hope” – Last Week Tonight
