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  1. kalenjin shared this story from Quartz.

    Amazon is beginning to open its cashier-less grocery stores outside of its hometown of Seattle. First stop: Chicago.

    The Amazon Go store in the land of the deep-dish pizza and vegetable-laden hot dog opens today (Sept. 17), and will keep the same 7am to 8pm operating hours. And beyond Chicago, Amazon has plans for stores in New York and San Francisco, the company confirmed last week, which signals that the machine-learning technology that powers the stores is leaving its testing phase. Amazon now has a total of four Go stores, with the other three in Seattle.

    In terms of US adoption, Amazon seems ahead of the curve. Globally, it isn’t alone in providing this kind of store experience. In China, Tencent, Alibaba, and JD.com are also trying to use facial recognition and radio-frequency tags on products to achieve the same goal.

    Analysts are expecting a massive rollout of Amazon stores, which replaces the traditional checkout process with cameras and sensors that recognize when a customer with the Amazon app picks out a product. Their account is charged automatically when they leave the store. Retail real-estate guru Joe Sitt, founder and CEO of Thor Equities, predicted last week that Amazon could expand to 1,000 locations in the next 10 years.

  2. kalenjin shared this story from FlowingData.

    There are endangered species where the remaining few in the world could fit on a single car train. Mona Chalabi for The Guardian imagined such a scenario.

    Usually when we talk about scale and putting numbers into perspective, it’s about imagining the large ones. What does a million look like? A billion? Chalabi’s illustrations take it the other direction.

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  3. kalenjin shared this story from Feed: All Latest.

    Napster cofounder Sean Parker and biologist Alex Marson on the coming power of Crispr.
  4. kalenjin shared this story from ETFdb.

    Vanguard has slowly been expanding its lineup of ETFs designed to provide investors with total market coverage all in one product.

    It’s had the Vanguard Total World Stock ETF (VT A+) for more than a decade and recently launched the Vanguard Total Corporate Bond ETF (VTC n/a). This week, it added another for the entire global investment-grade fixed-income market.

  5. kalenjin shared this story from FT Trading Room.

    Interactive Brokers will transfer from Nasdaq in October
  6. kalenjin shared this story from CBC | Canada News.

    Narwhal among belugas

    An unusual visitor has been hanging out in the St. Lawrence River for the past three years: A narwhal, more than 1,000 kilometres south of its usual range. And it appears that the lone narwhal has been adopted by a band of belugas.

  7. kalenjin shared this story from CBC | Canada News.

    Artificial intelligence

    The Trudeau government is eager to test whether artificial intelligence (AI) software can help deliver federal programs more efficiently. Justice Canada is among the first out of the gate, with a pilot project to experiment with AI in tax litigation cases - even before clear ethical guidelines have been established.

  8. kalenjin shared this story from CBC | Canada News.

    thievingcat

    Owner Shawn Bell said his cat Bella first started bringing home garments last summer, but that the behaviour has since escalated at an alarming rate.

  9. kalenjin shared this story from naked capitalism.

    Looking at the costs of and some possible responses to regulatory capture.
  10. kalenjin shared this story from Visual Capitalist.

    Why Markets are Worried About the Yield Curve

    Explainer: Why Markets are Worried About the Yield Curve

    If you pay any attention to financial media, chances are that you’ve heard increased chatter about the flattening “yield curve” in the past few weeks.

    For professional investors, talking about the yield curve is close to second nature – but to most regular folks, the words probably sound very abstract or esoteric.

    What’s a Yield Curve?

    The yield curve is a curve showing several yields or interest rates across different bond contract lengths.

    In a normal credit environment, the premise is that yields are higher for longer maturity bonds.

    Normal Yield Curve

    In a way, this is similar to what you’d expect if you went to the bank and put your money into a time deposit. For example, if you put your money in for five years, you’d expect a higher return per year than if you put your money in for six months.

    Why? You’re taking on more risk, and therefore deserve a higher rate of compensation.

    Out of Whack

    Sometimes the market gets out of whack, and yield curves do some interesting things.

    Yield Curve Inversion

    As you can see above, sometimes long-term interest rates can be equal to those of short-term rates. This is called a “flat” yield curve.

    Or, when long-term rates fall below short-term rates, that is an “inverted” yield curve. As you’ll see shortly, this can be a signal of trouble in credit markets and the greater economy as a whole.

    The Curve Everyone is Talking about

    While a yield curve can be shown for any bond, there is one particular yield curve that you’ll often see referenced by financial journalists and analysts.

    That would be the yield curve for U.S. Treasuries, the bonds issued by the U.S. federal government to fund its activities. More specifically, the difference between 10-year and 2-year bonds has been a historical indicator of the health of the economy and markets.

    And despite this curve looking pretty normal since the financial crisis, it has been flattening over time:

     2-yr3-yr5-yr7-yr10-yrDifference (10yr - 2yr)
    20140.54%1.02%1.72%2.16%2.48%1.94%
    20150.74%1.05%1.53%1.92%2.20%1.46%
    20160.74%0.86%1.12%1.39%1.54%0.80%
    20171.27%1.38%1.63%1.88%2.05%0.78%
    20182.64%2.71%2.76%2.83%2.88%0.24%
    Source: U.S. Treasury Dept (Each year’s data corresponds to this day in September)

    In 2014, the difference for 10-year and 2-year bonds was 1.94%. Today, the difference is just 0.24%!

    Why It Matters

    There are various interpretations out there of what an inverted yield curve could mean for markets.

    There are also pundits out there who say things are different this time around. There is some validity to this, as things are never cut and dry in economics. Besides, this wouldn’t be the first time that global credit markets have acted in strange ways since the crisis.

    That all said, the reason the inverted yield curve is a topic of conversation is simple: inverted yield curves have preceded every post-war U.S. recession.

    So now you know what the fuss is about – and maybe, just maybe, you’re more inclined to dive deeper into the exciting world of yield curves.

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