As Hurricane Florence Threatens the Carolinas, 1 Million Ordered to Evacuate [NYT]
The National Hurricane Center warned that the storm, which jumped to Category 4 strength on Monday with 140 mile-an-hour winds, could pummel the shore with life-threatening storm surges and soak a wide area with rains so heavy that freshwater flooding would become a major threat. It is expected to make landfall Thursday night near the North Carolina-South Carolina border.
In Myrtle Beach, S.C., Tneah Brown was listening to the warnings. At work on Monday afternoon, she weighed the many complications that would soon flow from the order issued by Gov. Henry McMaster of South Carolina, calling on people in eight counties nearest the shore to get out.
Billionaire Ray Dalio: We are in the 7th inning of the current economic cycle [CNBC]
To help keep the economy and stocks moving forward, the Federal Reserve should not increase interest rates faster than the market expects, said Dalio, co-chairman and co-chief investment officer of Bridgewater Associates.
Appearing on "Squawk Box" during the 10th anniversary week of the 2008 financial crisis, Dalio said the next crisis won't be a big bang-type affair but one that leads to more severe social and political problems.
China seeks WTO backing for sanctions on U.S. over dumping duties [Reuters]
The request is likely to lead to years of legal wrangling over the case for sanctions and the amount.
China initiated the dispute in 2013, complaining about U.S. dumping duties on several industries including machinery and electronics, light industry, metals and minerals, with an annual export value of up to $8.4 billion.
It won a WTO ruling in 2016, which was confirmed by an appeal last year.
Carney Extends BOE Term Again to Steer Economy Through Brexit [Bloomberg]
Chancellor of the Exchequer Philip Hammond ended days of speculation on the governor’s future, telling lawmakers on Tuesday that the Canadian won’t step down as planned in June 2019. Carney will now remain in office until roughly halfway through a prospective transition period intended for the U.K. to smooth its withdrawal from the European Union. The pound was little changed after the news.
“I have been discussing with the governor his ability to be able to serve a little longer in post in order to ensure continuity through what could be quite a turbulent period for our economy in the early summer of 2019,” Hammond said. “The governor has agreed, despite various personal pressures to conclude his term in June, that he will continue until the end of January 2020.”
New Way to Play FANG Stocks Falls Short for Some Investors [WSJ]
Citigroup Inc., UBS Group AG and Royal Bank of Canada are among the banks that have issued this year more than $1 billion worth of a type of structured notes linked to one or more of the four FANG stocks: Facebook Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. Issuance has more than doubled from a year earlier through mid-July, according to mtn-i, a London-based firm that tracks private debt markets.
The notes are often sold to mom-and-pop investors seeking higher-yielding alternatives to government debt, which is reliably safe. Offering documents say that buyers can earn fixed payouts of as much as 25% of the purchase price annually without taking on the risk of outright common-share ownership.
Former big bull on Tesla says the stock is 'no longer investable' due to Elon Musk's behavior [CNBC]
Nomura Instinet lowered its rating to neutral from buy for Tesla shares, citing concerns Musk's actions may hurt the company's brand.
"We have been one of the most bullish on TSLA shares since initiating coverage last October … We continue to believe that Tesla could be a lot bigger than it is today," analyst Romit Shah said in a note to clients entitled "No Longer Investable" Tuesday. "The issue though is the erratic behavior of CEO Elon Musk. During the second quarter, the switch seemingly flipped … We are worried that this behavior is tainting the Tesla brand, which in terms of value is most important."
How holding in a fart could cause you to breathe it out of your mouth instead [Mirror]
According to experts if you hold a fart in the gas can recirculate around the body and come out from some shocking places.
Clare Collins, a professor in nutrition and dietetics at the University of Newcastle in New South Wales, Australia, writes for The Conversation to explain what farts are and what happens if you hold them in.
She said: "The next time you feel a large volume of intestinal gas getting ready to do what it does, try to move to a more convenient location. Whether you make it there or not, the best thing for your digestive health is to just let it go.
"A build up of intestinal gas can trigger abdominal distension, with some gas reabsorbed into the circulation and exhaled in your breath.