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Editor's Pick

Trauma, Growth, and How to Be Twice as Alive: Tove Jansson on the Worm and the Art of Self-Renewal
Sree VijaykumarThere are experiences in life that strike at the center of our being, sundering us in half with unforeseen pain for which we were entirely unbraced. Because we know that this is possible — from the lives of others, from our own past experience, from the history of the heart recorded in our literature — we are always living with the awareness, conscious or unconscious, that life can sunder us at any given point without warning. This is the price of consciousness, which makes living both difficult and urgent. “Nothing is easy when you might come apart in the middle at any moment,” Tove Jansson (August 9, 1914–June 27, 2001) writes in her almost unbearably wonderful 1972 masterpiece The Summer Book (public library), written in the wake of her mother’s death.

Jansson’s observation here is literal: Her protagonist — a little girl named Sophia, who is living on a small Nordic island with her elderly grandmother after her mother’s death — finds herself thinking about what it’s like to be a worm, fabled to go on living two new lives when split in half.

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"Every edition of TradeBriefs feels like an intellectual workout. The newsletter introduces ideas and insights that force me to think more critically about the business world and the broader forces shaping our society. It's a rare blend of practical and philosophical."
- Mark Thompson, CEO, NextGen Enterprises



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Volatility looms as election season heats up. Fortify your portfolio against autumn market shocks
Thursday's relief rally notwithstanding, a turbulent period probably awaits investors as the year winds down.


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Walmart Says 75% Of Its U.S. Roles Now Don't Require Degrees--And Plans New Skills Project - Forbes (No paywall)
This week’s newsletter highlights last week’s Power Women’s and Future of Work summits and speaks to Walmart HR chief Donna Morris about a skills “taxonomy” project with other large corporations she shared exclusively with Forbes.






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The Fed aims to repeat Greenspan's 1990s masterpiece - WSJ (No paywall)
The Federal Reserve famously guided the economy to a soft landing in 1995, paving the way for the economic boom that followed. Can it do so again? With Wednesday’s sizable rate cut, it is off to a good start.


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EU to offer Apple guidance on digital rules compliance - WSJ (No paywall)
The European Union’s executive arm has started a process to provide Apple with guidance on how the iPhone maker can comply with rules to ensure its operating systems are functional with other technologies.




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New car registrations slump in Europe amid weakening demand, steep EV decline - WSJ (No paywall)
Stellantis and Volkswagen posted significant drops in August new-car registrations in the European Union, contributing to a sharp overall decline as demand weakened in key markets and electric-vehicle sales fell.


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The stock market got exactly what it wanted from the Fed - Markets Insider (No paywall)
Major indexes wobbled into the close on Wednesday, turning lower during Fed Chair Jerome Powell's question-and-answer session. However, the market on Thursday was decisively higher as traders digested the central bank's big initial rate cut and its outlook for more to come through the end of this year.




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Exclusive: Zeno emerges from stealth to crib Tesla's master plan for Africa and beyond | TechCrunch
Like most good startup stories, Harbor began life as a product of disappointment. Kevin Lavelle, the co-founder and CEO of innovative clothing company Mizzen and Main, couldn’t find a baby…


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Black Mirror season 7 cast revealed in a cryptic computer message
Could these be episode titles? The latter definitely sounds like a reference to the USS Callister and Brooker and company love symbolic episode titles taken from songs for their tech hell stories like “Shut Up and Dance” and “Hang the DJ.” The new Black Mirror episodes haven’t even landed yet and they’ve already screwing with our heads.




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US citizens can now apply for their passport online
These restrictions could change in the future. "This is not going to be the last thing that we do," Assistant Secretary for Consular Affairs Rena Bitter said in a briefing. "We want to see how this goes and then we'll start looking at ways to continue to make this service available to more American citizens in the coming months and years." For now, if you quality, follow the steps for online passport renewal here.


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Two missing and 1,000 evacuated as Storm Boris devastates northern Italy
In Hungary, which has reinforced defences along more than 300 miles of riverbank, the Danube was not due to peak in the capital, Budapest, until Saturday. The prime minister, Viktor Orbán, said the water should be below record 2013 levels and Hungary would “mount a successful defence against this flood as well”.




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Israel bombards southern Lebanon after Hezbollah chief vows 'punishment'
In a separate development on Thursday, Israeli media reported that Israel had submitted a new ceasefire proposal to the US, under which all hostages held in Gaza would be released at the same time in exchange for ending the war. Israel would also agree that the Hamas leader, Yahya Sinwar, along with his family and thousands of operatives, could leave Gaza for a third country "through a safe passage".


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Home Office urged to scrap long, expensive and 'racist' visa route
A Home Office spokesperson said: "In cases where a family does not qualify for a five-year route, but where refusal would breach obligations under the European convention on human rights, the Home Office places them on a 10-year route. Neither the race, ethnicity, nor nationality of an applicant is a factor in the decision to place individuals on this route.




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Virtuous, a fundraising CRM for nonprofits, raises $100M from Susquehanna Growth Equity | TechCrunch
Like most good startup stories, Harbor began life as a product of disappointment. Kevin Lavelle, the co-founder and CEO of innovative clothing company Mizzen and Main, couldn’t find a baby…


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Quilt, Furno Materials & RA Capital share the stage at Disrupt 2024 | TechCrunch
Like most good startup stories, Harbor began life as a product of disappointment. Kevin Lavelle, the co-founder and CEO of innovative clothing company Mizzen and Main, couldn’t find a baby…




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Back Market lays out its plan to make refurbished phones go mainstream | TechCrunch
Like most good startup stories, Harbor began life as a product of disappointment. Kevin Lavelle, the co-founder and CEO of innovative clothing company Mizzen and Main, couldn’t find a baby…


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UPchieve, an online tutor app for low-income students, launches a free tool for teachers | TechCrunch
The European Union has opened two “specification proceedings” on Apple under the bloc’s Digital Markets Act (DMA) that will see it instructing the iPhone maker on how to comply with…




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Announcing more Startup Battlefield judges at Disrupt 2024 | TechCrunch
The European Union has opened two “specification proceedings” on Apple under the bloc’s Digital Markets Act (DMA) that will see it instructing the iPhone maker on how to comply with…


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Exclusive: Tidal Metals sees seawater as the solution to a critical mineral shortage | TechCrunch
Like most good startup stories, Harbor began life as a product of disappointment. Kevin Lavelle, the co-founder and CEO of innovative clothing company Mizzen and Main, couldn’t find a baby…


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Lawmakers urge U.S. Patent Office and drugmakers to correct patent mistakes
The process for handling delays is called a patent term adjustment. The process was created as part of a federal law called the American Inventors Protection Act of 1999 and was seen as a way to compensate patent applicants when the PTO failed to act on applications within specified time limits. And to get it right, the PTO relies on automated software.


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The Moonshot Plan to Eliminate Deaths on Americas Roads - Bloomberg (No paywall)
The US Department of Transportation is pushing wireless vehicle-to-everything technology to cut traffic fatalities. But the path to so-called V2X adoption isnt clear.


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History Teachers Are Replacing Textbooks With the Internet
Nicholas Kryczka, a research coordinator at the American Historical Association and an author of the report, said that overall, the survey suggests that most educators understand the need to exercise self-restraint on political issues.


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How the Robinson Report Could Affect the Presidential Race in North Carolina
Maya King is a politics reporter covering the Southeast, based in Atlanta. She covers campaigns, elections and movements in the American South, as well as national trends relating to Black voters and young people. More about Maya King


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Man Falsely Accused Fantasy Football Rival of Plotting Mass Shooting
After law enforcement officials in Norway and the United States spent hundreds of hours of work “investigating the threatened mass shooting,” Mr. Gabriel admitted to submitting the false tip in an interview with the F.B.I., the statement said.


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North Carolina Governor Race Jolted by Report That G.O.P. Nominee Called Himself a 'Black Nazi'
To verify that Mr. Robinson was the poster behind the comments, CNN identified the username “minisoldr” as one Mr. Robinson used frequently online. In addition to matching biographical details, the report said, Mr. Robinson had listed his full name on the Nude Africa site along with an email address that he had used on various websites “for decades.”


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Ukraine Wants Long-Range Weapons. Here's a Look at What They Are.
Since the beginning of the war, the United States has shipped three million M795 artillery shells to Ukraine for the weapon to fire. That model can be fitted with a guidance kit that steers the projectile to its target, though there is no evidence to suggest the Pentagon has sent those devices to Kyiv.


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Elon Musk's pro-Trump super PAC is spending millions on House races
Besides Musk, America PAC has been backed by the billionaire Winklevoss twins, Sequoia Capital partners, and Ken Howery, a former ambassador to Sweden and co-founder of PayPal (PYPL), among others. The group is being investigated by authorities in Michigan and North Carolina over a misleading website that promoted voter registration help, but appeared to focus more on collecting data.


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Bitcoin climbs above $62,000 on the Fed's jumbo interest rate cut
Bank of America (BAC) is similarly expecting 75 basis points of cuts in the fourth quarter of this year, but expects another 125 basis points of cuts in 2025, for a slightly lower neutral rate of 2.75-3%.


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Threats Against Haitians Land at the Doorstep of The Haitian Times
The claims have been closely covered by The Haitian Times, a digital publication with about 20 full- and part-time employees in the United States and Haiti to cover developments in the global Haitian community.


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On YouTube, Major Brands' Ads Appear Alongside Racist Falsehoods About Haitian Immigrants
The videos that were accompanied by the ads garnered nearly 1.6 million views on YouTube in a 72-hour period after former President Donald J. Trump promoted a falsehood about Haitian immigrants in Springfield, Ohio, during the presidential debate on Sept. 10, Eko found. The group estimated that the commentators likely earned a few thousand dollars collectively from the advertisements.


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Nike C.E.O. John Donahoe Abruptly Retires Amid Declining Sales
Mr. Hill spent more than 32 years with the shoe brand after starting as an intern in 1988. During his tenure he worked across departments and in both North America and Europe. Before retiring he oversaw commercial and marketing operations for Nike and the Jordan Brand.


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Valarie D'Elia, Travel Reporter on TV and Radio, Dies at 64
Her advice was coveted. (Her favorite was “Pack light, forget the blow-dryer — who wants to worry about all that stuff?”) Her wanderlust was celebrated. Her documentary “The Making of a Maestro: From Castelfranco to Carnegie Hall,” the story of the conductor Sir Antonio Pappano, won first place in the North American Travel Journalists Association’s competition for travel videos in 2018.


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John Clements, Whose Research Saved Thousands of Babies, Dies at 101
His work led to a breakthrough three years later by two Harvard researchers whom Dr. Clements advised: Pulmonary surfactant, they found, was absent in premature babies with undeveloped lungs who died of respiratory distress syndrome, or R.D.S.


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Donald Trump said he would not sell his Truth Social stock. But he technically can starting Thursday.
Last month, DJT reported second quarter results that revealed a net loss of $16.4 million, about half of which was tied to expenses related to the company's SPAC deal. The company also reported revenue of just under $837,000 for the quarter ending June 30, a 30% year over year drop.


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Trump Media hits new post-merger low as DJT sale restrictions set to lift
With the lockup expiration looming, Trump Media has sought an injunction that would block ARC Global, a sponsor of the merger that took the company public, from immediately selling its shares.


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Amazon introduces Amelia, an AI assistant for third-party sellers
Amazon said the tool uses retrieval-augmented generation, or RAG, a popular AI industry framework that combines generative AI with long-established methods of information retrieval. It allows the pulling of certain seller-specific information from Amazon's internal systems without storing it or including it in model training data.


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JetBlue to open airport lounges in New York and Boston in battle for big spenders
Southwest Airlines plans to offer seats with extra legroom to increase revenue, the biggest change in its more than five decades of flying. Southwest will provide more details about its strategy at an investor day next week. Spirit Airlines and Frontier Airlines have also launched bundles that include seats with more space and earlier boarding.


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Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle
Despite the gloomy quarter, Darden reiterated its full-year outlook. For fiscal 2025, the company is forecasting earnings per share from continuing operations of $9.40 to $9.60 and net sales of $11.8 billion to $11.9 billion.


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Israel Bombards Hezbollah as Group's Leader Vows Retaliation
Israel has not confirmed or denied responsibility for the device explosions, although current and former defense and intelligence officials who were briefed on the attacks say Israel was behind them.


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The Hustlers Who Make $6,000 a Month by Gaming Citi Bikes
Another, created in 2016, is a program called Bike Angels, in which Citi Bike users move bikes in exchange for points that could be cashed in for swag like water bottles and backpacks, membership discounts and gift cards. This being New York, where even charitable activities quickly develop overtones of competition, a handful of users started racing to see who could win the most points. Citi Bike called them Power Angels.


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Opinion | The Fed's Big Rate Cut Wasn't Political. It Was an Economic No-Brainer.
It’s true that the Fed has some very smart economists on its staff. But there are plenty of smart economists outside the Fed, too. The implicit declaration that inflation has been defeated won’t come as news to anyone who has, for example, been following Mark Zandi at Moody’s or Jan Hatzius at Goldman Sachs, who have been telling us for months that inflation is under control.


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Opinion | Why JD Vance Dropped Into My Inbox
Vance came in for it in the same way that I did back in the day. Despite his efforts to thread the needle, more than a few Appalachians read the book as disrespectful, condescending and disloyal. Sarah Jones at The New Republic judged Vance’s main point to be simply “All hillbillies need to do is work hard, maybe do a stint in the military, and they can end up at Yale Law School like he did.”


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Opinion | Why Can't Kamala Harris Just Say This?
Why do so many vice presidents run for president? Sure, it’s because we’ve been eyeing and ogling that gilded station up close and, in most cases, we had designs on it before we settled for first runner-up. But it’s also because our proximity to power has given us an extraordinary trove of information, an unrivaled exposure to expertise and a privileged series of lessons. We’re better prepared than we once were — we’re smarter. And smarter means we’ve revisited many of our past assumptions. How could it be any other way?


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Israel Bombards Lebanon After Hezbollah Vowed Retaliation
An elaborate ruse: The operation was complex and long in the making, according to the officials. Israel established a shell company posing as an international pager producer which began shipping to Lebanon in the summer of 2022. These pagers contained batteries laced with an explosive. Read the full story behind the Israeli operation.


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Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill
"He is up against a tough environment in terms of morale at the company, rebuilding some of that culture that the company has lost," said Ramirez. "He does have quite some work to do across various teams but I think that's what needs to be the focus, its culture and therefore, enabling the ability to have better products and newness."


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Disney to ditch Slack following July data breach
"Companies also have to take the right measure to prevent phishing attacks and to lockdown their employees' social engineering," he added. "So, we can do our part, but our customers also have to do their part."


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Federal judge extends block on Biden's student debt forgiveness plan
When the Supreme Court struck down Biden's first wide-scale attempt at student loan forgiveness in June 2023, the 6-3 vote was split on ideological lines, with the liberal justices voting to uphold the program. 


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Largest port on U.S. East Coast, New York/New Jersey, begins prepping for what could be first union strike since 1977
"We have repositioned truck chassis and are grouping trucks in the Southeast, Gulf, and Mid-Atlantic regions to maximize the movement of freight at the ports that have extended hours. We are then putting the containers at yards we have expanded for later delivery."


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Ariel fund manager on a pick to buy post-Fed and this jumping tech stock to stick with
Ariel Investments' Charles Bobrinskoy lists this software name as his favorite heading into a lower-rate environment.


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From mortgages to auto loans, experts weigh in on when or if to refinance as interest rates fall
However, refinancing a federal loan into a private student loan will forgo the safety nets that come with federal loans, such as deferments, forbearances, income-driven repayment and loan forgiveness and discharge options, according to Kantrowitz. 


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Long-overlooked scientist shares Lasker Award with other GLP-1 researchers
“The Abdool Karims have saved lives around the globe through their innovative research, evidence-based policy proposals, public education, and courage to speak truth to power,” the foundation said.




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