Opening Bell 8.7.17

Trump has scaled back regulatory fines; Bitcoin is logic-proof; Elon Musk needs cash; Everybody is marrying sex dolls; And more!
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Regulators’ Penalties Against Wall Street Are Down Sharply in 2017 [WSJ]
Penalties levied against firms and individuals by the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Industry Regulatory Authority in the first half of 2017 were down nearly two-thirds compared with the first half of 2016—putting regulators on track for the lowest annual level of fines since at least 2010, the Journal found. Fines of $489 million in the first half of 2017 compared with $1.4 billion in the 2016 period.

Bitcoin Soars to Record as Buyers Look Beyond Miners' Split [Bloomberg]
The digital exchange rate jumped as much as 16 percent from Friday to an unprecedented $3,292.41, even after bitcoin’s division last week. The debate has revolved around how to upgrade its underlying technology, with a group of developers backing a solution called SegWit2x against miners -- some of whom have created an offshoot called Bitcoin Cash -- who want to increase the size of data blocks more drastically.

Tesla seeks to raise $1.5 billion to fund Model 3 production [Reuters]
The debt offering comes as Tesla receives thousands of advance reservations for the Model 3, which were averaging at about 1,800 per day since the car's launch in late July.
Elon Musk-led Tesla is counting on the Model 3, its least pricey car, to become a profitable, mass market electric car maker.

There’s a 'supervolcano' waiting to erupt beneath a seemingly 'beautiful' market, according to a portfolio manager [CNBC]
"Even though [the market] looks beautiful—setting new highs, good momentum, and earnings have been coming in strong, [there are] things to worry about," explained the portfolio manager recently on CNBC's "Futures Now."
Aside from the rise of passive investing, which James says is creating a "herd mentality" among investors, he also believed that the earnings picture isn't telling the whole story.

Sex robot makers claim lonely customers are marrying their dolls [The Sun]
A spokeswoman for the cutting-edge US-based firm confirmed the busty robots are saving lives as well as satisfying men around the world.
She said: “We have had customers marry their dolls, say that we had saved their lives because they felt like they had nothing to live for after the death of a spouse or the end of a relationship,”
The spokeswoman also said that some sex bots are bought as “art or conversation pieces.”

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