Friday 10.27.17

“I always look at money not as a motivating factor, but as an element in the composition. You can't ignore it, but you've got to be very careful that it's not motivating you.” 
Damien Hirst

A 'bomb cyclone' is headed for the East Coast this weekend — here's what to expect  The National Weather Service is warning people along the Eastern seaboard that flash flooding, heavy rains, and tropical-storm force wind gusts of up to 60 miles per hour could be headed their way starting Sunday afternoon and continuing into the evening. - Business Insider

iPhone X preorders are now live  The iPhone X is available now on Apple’s website and mobile store app, as well as through the various major carriers and retailers like Best Buy and Target. The new devices are expected to start shipping on November 3rd, though delivery dates are likely to slip back by weeks or months. Although, if you’re reading this it’s probably too late - The Verge

India overtakes the US to become the world’s second largest smartphone market  According to a new report from Canalys, smartphone shipments in India crossed the 40 million mark for the first time in Q3 2017 courtesy of 23 percent annual growth, which means that India has overtaken the U.S. on sales with only China ahead of it. - Tech Crunch

How the Epidemic of Drug Overdose Deaths Rippled Across America  The death rate from drug overdoses in the U.S. is now similar to that of the H.I.V. epidemic in the 1980s and ’90s, one health official said. The New York Times produced maps that show how the rate has increased, county by county, over nearly 20 years. - New York Times

Pot Fund’s $250 Million Target Marks Cannabis Industry Milestone  A private equity fund co-chaired by a former BlackRock Inc. executive is planning to raise $250 million to invest in marijuana businesses in places such as Los Angeles, Las Vegas and midtown Manhattan. - Bloomberg

Saudi Arabia to Inject $1 Billion Into Virgin Galactic Space Venture  Saudi Arabia is poised to invest $1 billion in entrepreneur Richard Branson’s space-tourism and satellite-launching venture, which is seeking to show it is back on track three years after a fatal accident. - Wall Street Journal

Hong Kong's storied stock trading hall shuts up shop  The lights go out and screens turn blank in the trading hall of Hong Kong’s stock exchange this week, marking the end of an era for the red-carpeted, cavernous space that was home to more than a thousand floor traders in its heyday. - Reuters

Aetna up 12% on talks with CVS on possible sale  Shares of the big health insurer Aetna soared by a much as 12 percent Thursday on news that it was in talks to be sold to pharmacy behemoth CVS Health. The Wall Street Journal, citing sources, reported that CVS Health has proposed to pay more than $200 per share for Aetna. - CNBC
 . 3 Reasons So Many People Making 6 Figures Barely Have Anything Saved.
"Knowing how to make money doesn’t mean you know how to save it, as is evidenced by a startling statistic reported on by Polly Mosendz at Bloomberg: According to a new survey of 7,052 people by the financial-services site GoBankingRates, nearly half of people earning between $100,000 and $149,999 have under $1,000 in their savings accounts...."
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