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Another big fall seen in china.

The Shanghai Composite shed 6.2% on Tuesday, once again bringing the key index below the 3,800 point mark. The cause of the sell off was not immediately apparent, but it was a return to form for Chinese markets, which have been rocked by volatile trading sessions for most of the summer.

Beijing managed to stabilize equities with a dramatic rescue in late June and early July, intervening in a number of ways to limit losses for investors.

But the rout has now resumed: Tuesday's slump was the sharpest decline since July 27.

A majority of companies listed in Shanghai, including some large state-owned firms, fell by the maximum daily limit of 10%. Losses in Shanghai, and on the smaller Shenzhen Composite index, accelerated into the close.

Shenzhen, which is heavy on tech stocks, closed down 6.6%.

Investors are worried about a possible withdrawal of stock market support by Beijing, and signs of a sharper slowdown in China's economy.

Tuesday's performance extends a volatile period in Chinese markets over recent months.

The first signs of trouble came in June, after the Shanghai Composite peaked at more than 5,100 points, a gain of roughly 150% over the previous 12 months. When the bubble burst, the index lost 32% of its value in just 18 trading sessions.

Beijing reacted forcefully. The People's Bank of China cut interest rates to a record low, regulators suspended new market listings, and threatened to throw short sellers in jail.

The country's market regulator, the China Securities Regulatory Commission, organized the purchase of shares using cash supplied by the central bank. Companies were allowed to suspend their own shares -- at one point 50% of all listed stocks were frozen.

Stock markets were calmer in recent days as investor attention shifted to the yuan, which declined sharply following Beijing's decision to change the way its daily exchange rate limits are calculated.

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Amazon’s Jeff Bezos Defends Workplace in Response to Article

Amazon said late Sunday that it would not tolerate the “shockingly callous management practices” that were described in an article in the New York Times over the weekend. Jeff Bezos, the retail giant’s founder and chief executive, said he did not recognize the workplace portrayed in the article and urged any employees who knew of “stories like those reported” to contact him directly.

“Even if it’s rare or isolated, our tolerance for any such lack of empathy needs to be zero,” Mr. Bezos said in an email circulated to all the retailer’s employees.

The article gave accounts of workers who suffered from cancer, miscarriages and other personal crises who said they had been evaluated unfairly or edged out rather than given time to recover in Amazon’s intense and fast-paced workplace.

Mr. Bezos wrote that he “very much” hoped workers did not recognize the workplace depicted in the article — “a soulless, dystopian workplace where no fun is had and no laughter heard.”

At Amazon, the article said, the winners get the thrill of testing new projects with hundreds of millions of customers. They also become rich through a stock that has increased tenfold since 2008. But the losers are pushed out in regular cullings. One former Amazon human resources director called it “purposeful Darwinism.”

Amazon declined a request to interview Mr. Bezos for the original article, but made several executives available. Over all, The Times interviewed over 100 current and former Amazon employees, including many who spoke on the record and some who requested anonymity because they had signed agreements saying they would not speak to the press.

Mr. Bezos urged his 180,000 employees to give the Times article “a careful read” but said it “doesn’t describe the Amazon I know or the caring Amazonians I work with every day.”

Here is a part of Bezos’s letter to his employees:

Here’s why I’m writing you. The NYT article prominently features anecdotes describing shockingly callous management practices, including people being treated without empathy while enduring family tragedies and serious health problems. The article doesn’t describe the Amazon I know or the caring Amazonians I work with every day. But if you know of any stories like those reported, I want you to escalate to HR. You can also email me directly at [email protected]. Even if it’s rare or isolated, our tolerance for any such lack of empathy needs to be zero.

The article goes further than reporting isolated anecdotes. It claims that our intentional approach is to create a soulless, dystopian workplace where no fun is had and no laughter heard. Again, I don’t recognize this Amazon and I very much hope you don’t, either. More broadly, I don’t think any company adopting the approach portrayed could survive, much less thrive, in today’s highly competitive tech hiring market. The people we hire here are the best of the best. You are recruited every day by other world-class companies, and you can work anywhere you want.

I strongly believe that anyone working in a company that really is like the one described in the NYT would be crazy to stay. I know I would leave such a company.

But hopefully, you don’t recognize the company described. Hopefully, you’re having fun working with a bunch of brilliant teammates, helping invent the future, and laughing along the way.

Thank you,

Jeff 

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Oil prices fall to new six and a half year low, below $42.

Just over a year ago oil was comfortably hovering above $100 a barrel. Today it's struggling to stay above $40.

Crude oil slipped to $41.35 a barrel on Friday, the lowest intraday price since March 2009. Oil is now on track for a seventh weekly loss in a row. That's the longest weekly slump since January.

Low oil prices has already been causing pain in oil hotbeds like Texas and North Dakota, even though it's great news for American drivers.

The average price of a gallon of gasoline has tumbled by nearly $1 to $2.62, according to AAA. Some believe gas prices will soon break below $2 a gallon, saving millions of consumers lots of cash.

So what's going on? Simply put, there's more oil than the world knows what to do with. When supply outstrips demand, prices tend to fall.

Oversupply

The American energy revolution created a flood of new oil that has caused a supply glut. Rather than balance the market, the global oil cartel OPEC has decided to keep pumping oil -- despite low prices.

The cartel, led by Saudi Arabia, fears further losses in market share to the U.S., Canada and other producers. That's why oil prices fell significantly during the second half of last year.

America's shale producers also continue to pump

To the surprise of many, U.S. oil output remains stubbornly high. American producers have continued pumping oil aggressively. Despite cheap prices, rig counts have crept higher each of the past four weeks, according to Baker Hughes.

That persistence is why some believe the oil market won't balance itself until U.S. output is curtailed by a wave of oil mergers or even bankruptcies.

Demand is sluggish

Global economic growth has been anemic. Developed economies are struggling. The countries that are doing well like the U.S. have implemented efficiency standards that are limiting oil demand. At the same time, emerging markets are slowing down. That's keeping a lid on demand growth for oil.

China no longer on fire

The main driver of global growth for years was China. But that economy is going through some significant growing pains. The slowdown is cutting China's appetite for raw materials of all sorts, including crude oil.

Strong dollar could tamp demand

Like other raw materials, crude is priced in dollars. That means when the American currency gains in strength, it makes oil more expensive for buyers in overseas markets. The U.S. dollar has soared 7% so far this year against a basket of currencies. China added to the pressure on oil by devaluing its currency this week.

Iran could flood the world with more oil

As if all of that wasn't enough, Iran is looming in the distance. The country's nuclear deal with the West could pave the way for lots of new Iranian oil to flood the market at just the wrong time. There are new signs Iran is hoarding more oil at sea than previously realized.

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New experiment began in UK with McDonalds Brands, Due to the low proceeds in the last years McDonalds trying to reinvent her self and now days they running a new experiment, Waiters that will bring your order to your table less then 5 minutes. That means only one thing if the experiment will be successful the trading world will be happy as well while the McDonalds stock will rise up.