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1 Article
Source: CBS News

Grouper, snapper, cod Mislabeling is rampant in the seafood industry

Sunday 15:24 GMT

Recent investigations and studies have shown mislabeling – sometimes due to error but often the result of outright fraud – is rampant in the seafood industry, showing up both in the marketplace and on restaurant menus.

It's not necessarily better to buy organic seafood, said Larry Olmsted, author of "Real Food Fake Food.". "In this country there's no legal standard for organic for seafood," Olmstead said. "When they did the organic standard for meat and poultry and chicken, they excluded seafood.

1 Article
Source: Common Domain

Mortgage rates retreat, but housing supply crunch won't let up

Sunday 12:39 GMT

Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs.

The 30-year fixed-rate mortgage averaged 4.85% in the October 18 week, down 5 basis points, mortgage buyer Freddie Mac said Thursday. Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs.

3 Articles
Source: Common Domain

Talk Is Cheap for China’s Economy—and Stocks

Saturday 10:50 GMT

Ahead of disappointing third-quarter figures released Friday that showed the Chinese economy grew at 6.5%—its slowest rate since 2009—the head of the country’s central bank, securities and banking regulators took to state media to emphasize the financial system’s stability, how cheap stocks look, and Beijing’s recent measures to support struggling companies.

Chinese equities still do look cheap, with Shanghai stocks trading at 12 times trailing earnings, around their lowest level since 2014.

1 Article
Source: Common Domain

Oil Edges Higher but Demand Concerns Remain

Saturday 10:50 GMT

Oil prices rose Friday but failed to breach the $80-a-barrel threshold, as the market digested signs of weakening demand and rising U.S. inventories.

Oil prices earlier this month climbed above $85 a barrel for the first time in roughly four years, largely on the back of a faster-than-expected decline in Iranian oil production ahead of the reimposition of sanctions on the Islamic Republic’s oil industry at the start of November.

1 Article
Source: Common Domain

Bitcoin in the doldrums, can’t shake $6,500 range

Saturday 19:05 GMT

After rising more than 10% earlier in the week, bitcoin BTCUSD, -0.27%  has gone back and forth between $6,300 and $6,500 lacking any real direction.

Bitcoin, the world’s largest digital currency, was last changing hands at $6,632.87, down 0.2% since Thursday’s level at 5 p.m. Eastern Time on the Kraken exchange. After rising more than 10% earlier in the week, bitcoin BTCUSD, -0.27%  has gone back and forth between $6,300 and $6,500 lacking any real direction.

1 Article
Source: DW

Is Google selling out for access to China's massive tech market?

Saturday 16:20 GMT

Read more: China's Xi Jinping urges respect for 'cyberspace sovereignty' at internet summit. "The reason we did the internal project was that it's a wonderful, innovative market and we wanted to learn what it would look like if Google were in China," said Pichai, adding that tests showed Google in China would be able to serve 99 percent of search queries.

Although Google did not announce formal plans to launch Project Dragonfly, the suggestion of Google coming back to China with a censored search engine app generated massive criticism from lawmakers, human rights activists and Google employees.

3 Articles
Source: Common Domain

Today’s Logistics Report: Trump Eyes Slower Sulfur-Rule; Piggies Go to Market; Materials Markup

Saturday 16:20 GMT

Follow him at @PaulPage, and follow the entire WSJ Logistics Report team: @costasparis, @jensmithWSJ and @EEPhillips_WSJ.

That volatility is expected to continue, squeezing the company between uncertain demand and steeper logistics costs heading into peak shipping season. Meanwhile, Chinese demand is falling for PPG’s coatings, which are used on vehicles, houses and smartphones, as consumers there spend less on cars.

1 Article
Source: Reuters

U.S. midterms a mere blip on equity options traders' radar

Friday 20:02 GMT

Less than a month before the U.S. congressional elections, data suggests equity options traders do not view the election as a big catalyst for setting the direction of U.S. stock market in the immediate aftermath of the vote results.

Political control of the U.S. Congress will be up for grabs on November 6 and should Democrats take the U.S. House of Representatives away from Republicans it could hinder President Donald Trump’s political agenda.

1 Article
Source: Common Domain

These mind hacks can help you handle a volatile stock market and invest smarter

Friday 23:42 GMT

Daniel Crosby is founder of Nocturne Capital and author of “The Behavioral Investor” (Harriman House, 2018), from which this article is excerpted.

It seems incredible that something as simple as labeling money can induce us to save and invest differently but as George Loewenstein says, “While it seems like an inconsequential process, earmarking can have a dramatic effect on retirement savings. Cheema and Soman (2009) found that earmarking savings in an envelope labeled with a picture of a couple’s children nearly doubled the savings rate of very low income parents.”

1 Article
Source: BBC

A bustling rural market

Saturday 20:00 GMT

On the fringes of West Cork in Ireland, Bandon's weekly cattle mart provides a source of commerce and social engagement for the market town.

Commissioned by Cork County Arts Office, The Mart was originally exhibited in a site-specific installation with films, portraits and reportage.

1 Article
Source: Common Domain

America Struggles to Take Its Pigs to World’s Biggest Market

Friday 23:42 GMT

Many international pork suppliers acknowledge that the efficiency and scale of the U.S. meat industry, backed by abundant grain supplies to feed livestock, will ensure the U.S. remains a tough competitor.

ElPozo is breeding more pigs on farms near its headquarters in the southeastern Spanish region of Murcia to fulfill what executives hope will be a 40% sales boost over the next four years, thanks to rising exports to Asia and Latin America.

1 Article
Source: Common Domain

Fed’s Bullard Says It Is Still a Mistake for Central Bank to Project Rate Rises

Saturday 04:14 GMT

St. Louis Fed President James Bullard said Thursday that unexpectedly strong economic performance had so far provided some justification for central bank rate rises that he had long argued against.

While Mr. Bullard has long opposed raising rates, “I’ve been willing to go along” with the rate rises, he said, because so far events in the economy have given officials a reason to boost the cost of short-term borrowing. “We are in great shape right now” in the economy, Mr. Bullard told reporters after a speech in Memphis, Tenn.

2 Articles
Source: Common Domain

Why investors are growing increasingly anxious about China

Saturday 15:25 GMT

Weakness in China’s currency and a rout in its stock market in 2018 are raising warning bells among investors haunted by memories of the August 2015 devaluation scare and the ensuing volatility that spooked investors.

The GDP report represented the weakest read since 2009 and was followed by a parade of statements from the People’s Bank of China, its securities regulator and banking and insurance regulator in support of the stock market and what was billed by that cohort as China’s positive economic fundamentals.

1 Article
Source: Common Domain

Don’t sweat a stock-market selloff with midterms around the corner, says strategist

Friday 22:47 GMT

The senior market strategist said that midterm years are always among the most turbulent and gains tend to be concentrated in the final months as illustrated in the chart below.

See: Investors banking on a stock market rally after midterms should take a look at this chart. Nonetheless, given that earnings continue to come in better than expected and there are no immediate signs of a recession, the market is expected to regain its composure once it gets past the historically volatile October, according to Detrick.

2 Articles
Source: Common Domain

Home Prices Soar in Idyllic Monmouthshire, Wales

Saturday 20:54 GMT

Picturesque Monmouthshire, Wales—a southeastern county bordering England and strewn with idyllic farmsteads and castle ruins—has recorded the strongest home price growth this year of any region in England and Wales.

Home prices across Wales grew at a stable annual rate of 2.1% in the year to September, compared to the virtually flat 0.9% price growth in combined England and Wales, according to the report.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte