What’s News
Sterling Plummets on Computerized Trades
The pound dropped 6.3% against the U.S. dollar early in Asia after a selloff triggered by worries about the U.K.’s exit from the EU was accelerated by computerized trades, before recovering some ground.
Brussels Beat
Theresa May Gives Up a Bargaining Chip on Brexit Talks
From a negotiating standpoint, by deciding to invoke Article 50 of the EU treaties and launch the two years of divorce talks, the U.K. prime minister takes a big British bargaining chip off the table, Stephen Fidler writes.
Hurricane Matthew Bears Down on Florida
Hurricane Matthew weakened Friday morning to a Category 3 storm and was on a path to cause devastating damage on the Atlantic coast from Florida to South Carolina. 230
Snapchat Working on an IPO Valuing Firm at $25 Billion
Snapchat’s parent, Snap, is working on an initial public offering that could value the popular virtual-messaging company at $25 billion or more, in what would be one of the highest-profile debuts in years. 63
Globalization Hits the Skids
One concern tops the list of worries finance ministers and central bankers are bringing to Washington this week: Fear that the modern age of free trade and international investment is hitting a wall. 57
Deutsche Bank Worries Cloud IMF, World Bank Meetings
Worries about Deutsche Bank and other potentially troubled European banks are casting a pall over the autumn meetings of the International Monetary Fund and World Bank this week.
U.S. Election 2016
White House Coordinated on Clinton Email Issues
Newly disclosed emails show top Obama administration officials were in close contact with Hillary Clinton’s nascent presidential campaign in early 2015 about the potential fallout from revelations that the former secretary of state used a private email server. 467
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JOIN NOWMcDonald’s Knows It’s Losing the Burger Battle—Can It Come Back?
New, “better burger” chains are pulling in customers with gourmet, made-to-order hamburgers, a tactic McDonald’s is struggling to mimic. The company is working on improved flavors and customized ordering, a goal in conflict with its need for speed and low cost. 237
Twitter Shares Fall, as Sale Process Sputters
Twitter Inc. shares plummeted after it became apparent a sales process for the sputtering social-media company might not draw as many suitors as investors had hoped.
Delta Lloyd Rejects NN Group’s Takeover Bid
Delta Lloyd said the NN proposal substantially undervalues the company, its prospects and its strategic opportunities.
Americans Embrace a Made-in-China Buick SUV
U.S. demand for a $40,000 made-in-China sport-utility vehicle, the first major Chinese car import, is meeting General Motors’ low-volume goal for the car, and Buick dealers say they want GM to import more.
As U.K. Politicians Talk, Gilt Buyers Are on Edge
U.K. government bonds were sold off sharply as investors focused on comments from British politicians appearing to criticize central bank bond-buying and talking up fiscal spending.
Hurricane Matthew to Test Catastrophe-Bond Market
Just over half of the outstanding $22 billion in catastrophe bonds held by pension plans and other big investors have some exposure to Florida storms.
Heard on the Street
Chinese Consumers Could Feel Pinch of Debt
Judging by how much debt Chinese consumers are accumulating, they may be less resilient than they appear.
Why Investor Enthusiasm About Emerging Markets Could Be Fickle
Interest in hard currency outpaces local currency, a possible signal money is chasing yields rather than economic growth.
Fake IRS Collection Job Lands India ‘Scam Center’ Workers in Jail
Police say dozens of people arrested this week outside Mumbai called targeted Americans pretending to be tax collectors, raking in an estimated $150,000 a day.
Germany Tries to Slow Migration From Africa
German Chancellor Angela Merkel is stepping up her efforts to stem migration to Europe at the source, flying to Africa this weekend and working to convince Germans that better conditions in developing countries are in their own interests.
Poland Rejects Abortion Ban After Protests
Polish legislators rejected a blanket ban on abortion after the leader of the country’s biggest political party criticized the proposal that sparked public protests. 65
Pakistan Closes ‘Honor Killing’ Loophole After Qandeel Baloch Case
Pakistan’s parliament passed legislation that attempts to close a loophole that has allowed perpetrators of so-called honor killings to go free.
Thousands Flee Afghan Fighting
The United Nations warned of a humanitarian crisis in the northern Afghan city of Kunduz, where it said fighting between the Taliban and U.S.-backed Afghan forces had forced some 10,000 residents to flee their homes.
Mansion
Mansion
The Designer Shoebox: Studio Apartments That Exploit Every Inch
Some buyers shut out of pricey neighborhoods opt for tiny apartments and splurge on high-end finishes. Developers are responding to demand by adding more studios to their buildings.
Tech
Oculus Rift Games Preview: How to Play With the New Touch Controllers
Facebook Inc.’s virtual-reality headset needs motion-sensing controllers, and finally it’s getting them.
Verizon to Start Selling Wireless Data Plans for Drones
Verizon’s plans would allow drones to connect to the internet during flight, and stream videos, pictures or other sensory data back to earth.
Video
Hurricane Matthew Kills Hundreds in Haiti, Approaches Florida
1:08
Blue Origin Successfully Tests Escape Pod
2:05
Nobel Prize in Chemistry Awarded for Molecular Machines
2:58U.S.
U.S. Charges Three With Exporting Banned Microelectronics to Russia
Federal authorities detained two Russians and a U.S. citizen, charging them with illegally exporting technology used in military devices to Russia.
Photos
On Wine: Lettie Teague
The Best Wines to Pair With Chinese Food
For most people, beer, not wine, is the drink of choice when it comes to Chinese. Wall Street Journal wine columnist Lettie Teague took on the vinous challenge of finding a worthy match, with surprising discoveries.
Art
Hunting for Treasures in a Jittery Art Market
Upcoming art sales in Hong Kong, London, New York and Los Angeles will gauge the health of the market.