SWB/today: Stocks Slide; Oil Sells Off; Meditate in Nepal


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FEATURE: A Day in the Life in Nepal






22 Maps that Explain America


Read the article from BI




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Stocks at Session Lows as Crude Tumbles

Stocks traded at session lows Tuesday afternoon as a sharp selloff in crude oil punished the energy sector.

The S&P 500 was down 1.4%, the Dow Jones Industrial Average declined 1.3%, and the Nasdaq fell 1.2%. Losses have more than doubled since market open. TheCBOE Volatility Index (VIX.X) , commonly known as the ‘fear index,’ has risen nearly 50% since Friday’s selloff.

September is historically the worst-performing month for stocks with seasonal factors such as light trading volumes and a general wariness over historical trading patterns. The Dow has fallen an average 1.1% in September since the benchmark index was created in 1896, compared to an average gain of 0.8% over the remaining 11 months.

Read more from The Street


European Stocks Pare Earlier Gains to Close Down; Crude Slides

European markets closed down for the fourth day, paring earlier gains.

Oil fell sharply after the International Energy agency today warned that global demand for oil was growing slower than it previously thought. The Paris-based agency cut its forecast demand increase for 2016 by 100,000 barrels a day to 1.3 million barrels, and its 2017 growth forecast by 200,000 barrels per day to 1.2 million barrels.

In London, the FTSE 100 closed 0.53% down at 6,665.63.

Read more from The Street


Crude oil moved lower on Tuesday after the International Energy Agency said global demand growth was slowing by more than previously thought and predicted the slowdown would continue in 2017. The agency expects global demand to increase by 1.3 million barrels a day this year, 100,000 barrels slower than previously forecast.

“Recent pillars of demand growth — China and India — are wobbling,” the IEA said in its monthly report. “After more than a year with oil hovering around $50 a barrel, the [economic] stimulus from cheaper fuel is fading.”

West Texas Intermediate crude fell 3% to $44.90 a barrel on Tuesday.

Read more from The Street


Energy stocks were the worst performers on markets Tuesday. Exxon Mobil (XOM) , Shell (RDS.A) , Total (TOT) , BP (BP)  and Petrobras (PBR) were all sharply lower, while the Energy Select Sector SPDR ETF (XLE) slid 2.6%.

Apple (AAPL)  was the only Dow component in the green after suppliers T-Mobile(TMUS) and Sprint (S) each reported strong preorders for the iPhone 7 and iPhone 7 Plus. Sprint said orders for the latest models were up more than 375% over the first three days compared to last year. Apple shares rose 2.5%.

Wells Fargo (WFC) was 4% lower after announcing it would remove all product sales goals in its retail banking unit next year in a bid to improve customer relations after a number of high-profile scandals.

Shares of Weight Watchers (WTW) slid 8% after CEO James Chambers announced his resignation.

Read more from The Street


Wall Street Journal

Divided Fed Inclined to Stand Pat

New York Times

U.S. Household Income Grew 5.2% in 2015, Breaking Pattern of Stagnation

Bloomberg Business

Dow Tumbles Triple Digits After Ugly Oil Report

International Business Times

Global Stocks Dip As Fed View Only Partly Soothes Markets

The Guardian

Wells Fargo eliminates sales quotas after unauthorized accounts scandal

The Telegraph

UK inflation holds steady in August despite weaker pound after Brexit vote



Baker Hughes Releases Latest Rig Report (BHI)

The latest numbers from Baker Hughes Inc. (BHI) are in, and they paint a positive picture for drilling companies. After a tough year for drillers, the rig count is steadily rising. According to the Baker Hughes report, there are 481 active rigs in America and 1,547 worldwide.

Rig Count on the Rebound

The trend line is beginning to turn around for American drillers. This month’s count represents the third straight increase in the amount of drilling rigs in the United States. The energy sector has added an additional 73 rigs after a low of 403 in May of this year. However, the numbers are still quite a departure from the high of 2,017 U.S.-based rigs in October of 2011.

Shale Drillers First to Benefit

Onshore drillers like National Oilwell Varco Inc. (NOV) and Halliburton Co (HAL), which are taking a shale-forward approach to expansion, will be the first to benefit. According to analysis by Rystad Energy, onshore per-unit drilling costs have fallen more quickly than offshore. That means the current $50 per barrel break-even point is set to decline, making shale oil more profitable for American producers.

Read more: Baker Hughes Releases Latest Rig Report (BHI) | Investopedia


Indexing Beats Active Management in a Bear Market

With many analysts and stock watchers saying that a correction is imminent, investors may be tempted to abandon cheaper index funds for more nimble actively-managed funds. They should think twice, though; 68% of all actively-managed funds underperformed their benchmarks in the first half of 2016, according to J.P. Morgan research. And separate research from S&P Global found that 84% of active funds in the U.S. underperformed the S&P 500 over the course of 2015.

Worse still, 98% of active funds fell behind the S&P 500 over the past decade. Within the group of active management underperformers this year, 41% missed their benchmark by over 250 basis points, and 57% missed by at least 100 basis points.

Any investor who thinks that active management should outperform in a bear market should consider four major studies:

Read more: Indexing Beats Active Management in a Bear Market | Investopedia


The Markets Where The Cost To Rent A Home Is Rising Fastest


#1 Cape Coral-Fort Myers Florida

Rents for single-family homes are rising across the country, according to RentRange, a housing industry data provider, which has identified the 25 metro areas where the average rent rose the most in the 12 months ending June 30. Of the top 25, five are in California and five in Florida, led by Cape Coral, Fla., where single-family rents rose 26.1% over the 12-month span.

Read the list from Forbes


FEATURE: Day In The Life

Being A Digital Nomad While Couch-Surfing The World In Nepal


It’s been just over two months since I decided to leave behind my life in New York City to circumnavigate the globe by couch-surfing through my social network. Since then, I’ve traveled to nine countries and dozens of cities. Now that Europe and the Middle East are behind me, it’s time for Asia! I currently find myself at a dynamic meditation retreat deep in the mountains of Nepal.


What time did you get up today?

Today (and this week) I’ve been getting up at 5:30 am. There are many meditation sessions throughout the day, so these people get up super early! I decided to go on this retreat for the last week of the month so that I would have eight full days without sightseeing to clear my mind and complete my assignments.


What is the time of day you do your best work?

I would say probably during the evening, though I’ve found that environment determines my productivity much better than time. I do my best work when it’s peppered throughout the day, rather than during one long block (the traditional 9-5 hours drive me crazy). For example, this week my schedule is as follows: meditate, work for three hours, lunch, meditate, work for 3-5 hours, meditate, dinner, and finish up any last-minute work.

Read the article from Forbes



How Loving What You Do Can Transform Your Whole Life



There is no greater gift in life than loving what you do. So why does it elude so many of us?

Our lives are so incredibly short, which is why you need to maximize your impact, time, and resources to live your best life. This is also part of the reason why people are so eager to uncover their life purpose and do work they truly love.

What It Feels Like To Love What You Do


  • Feel a sense of urgency to do everything today
  • Know your life has significant meaning
  • Feel your heart racing a million miles an hour
  • Become totally obsessed as though you could work for hours, days and weeks on end
  • Are highly energized
  • Exude happiness that can be felt from miles away
  • Creativity and ideas keep you awake at night
  • Dreams move to brand new heights
  • Love for life is indescribable
  • Become a magnet for incredible opportunities, people and places

Read the article from INC.


Introducing Fortune’s Most Powerful Women List for 2016


#14  Angela Ahrendts SVP, Retail and Online Stores, Apple, 56

Power comes in many forms. And on Fortune’s 2016 Most Powerful Women list, it also comes in the form of many industries. Just look at the breadth of organizations run by our top 10: four tech companies. Two defense contractors. Two food companies. One financial giant. And one century-old carmaker—GM—led by Mary Barra, who repeats in the top spot on our annual list.

There are 10 newcomers or returns—including CEOs Tricia Griffith of Progressive andVicki Hollub of Occidental Petroleum (but not counting our special bonus MPW: Beyoncé!).

Read the article from Fortune


How Startup Dagne Dover Is Building The Perfect Handbag For Working Women


Dagne Dover’s totes have intuitive pockets built in for organization. Photo courtesy of Dagne Dover.

“It’s not just about having a bunch of pockets on the inside, which some brands do,” Mash said. “It’s about making sure that the pockets are so intuitive to the consumer that she doesn’t have to think twice. Of course that’s the sunglasses pocket. Of course that’s the laptop sleeve.”

The company’s stylish coated canvas totes each come equipped with a padded laptop sleeve that closes magnetically. There are compartments perfectly sized for wallets, tablets, smartphones, ID cards, lip glosses, and pens. A detachable key strap means you won’t be fishing at your front door.

Read the article from Forbes

That’s all for today.

  See you back here in the a.m. with the latest biz.


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