Fear continues to rock the U.S. stock market. A 442-point surge for the Dow vanished at the end of the trading session Tuesday, the latest sign of how anxious markets have become about the health of the global economy.

At the end of yet another wild day of trading, the Dow actually ended with a loss of 205 points as fears continued to mount over China's slowing economy and its contagion effect on the rest of the world. Just in the last six trading days, the Dow has lost a total of nearly 1,900 points, or 11%.

"There's still fear around the edges. You need some signs that the market is stabilizing to reassure people it's not going to roll off the edge of a cliff and go tumbling down further," said Bruce McCain, chief investment strategist for Key Private Bank.

Some sort of bounce was anticipated on Tuesday due to the enormous losses that have been inflicted on the markets even though the American economy doesn't appear to be falling off a cliff. All three major U.S. equity indexes had plunged into correction territory -- their first 10% decline from recent highs since 2011.

China seemed to provide the recipe for that rebound overnight. China's central bank slashed interest rates, an emergency action aimed at calming financial markets and boosting economic growth by flooding the markets with cheap money.

Investors around the world cheered China's emergency actions in hopes they will at least stabilize conditions in Asia. European stocks surged 4% higher, with Germany's DAX rallying nearly 5% just a day after falling into a bear market.

The significant market moves underscore how much China matters to the global markets. China is the world's second-biggest economy and its explosive growth over the past two decades helped lift many other countries. That's especially true for emerging markets like Brazil that rely on China's huge demand for its natural resources.

That's why the turbulence in China's stock market has unnerved so many investors. The Shanghai Composite plunged another 7.6% on Tuesday in a selloff that occurred prior to the interest rate cut. The bubble in Chinese stocks has burst, leaving the Shanghai index down a whopping 42% since June 12.

Many market veterans believe the damage done by the selloff in the U.S. was overdone considering the American economy doesn't appear to be tanking at this point. Unlike the market turmoil in 2008, the economy isn't on track for a recession.

Watch for more dramatic market moves as new clues emerge about whether the financial turmoil causes the Federal Reserve to delay its plans to raise interest rates in September until later in the year or even 2016. 

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Thousands of people are expected to stream into an events center in Dubuque, Iowa, on the banks of the Mississippi River on Tuesday to see Donald Trump.

When they do, his presidential campaign will be waiting, looking to convert casual gawkers into hardcore supporters who will cast votes for the billionaire presidential candidate in the Iowa caucuses next year.

The Republican front-runner's surging campaign is largely viewed as powered by his personal celebrity and his persistent presence on television.

But there's another political upside to being one of the most famous men in America: You don't have to go knocking door-to-door to find voters. They come to you.

When those voters enter the Grand River Center on Tuesday evening, they will immediately be diverted to tables where Trump's staff will recruit them to be county precinct captains, organizers, and volunteers.

It's a huge competitive advantage in a presidential race in which other Republican candidates at times struggle to attract crowds in the hundreds.

It's another reason, beyond strong poll numbers, that Trump's candidacy is being viewed with increasing seriousness both inside and outside Iowa, which holds one of the earliest nominating contests in 2016.

"I've never seen anything like it," said Chuck Laudner, Trump's top organizer in Iowa, as he walked the event space with Reuters days prior to the event. "He's drawing crowds that most candidates only get in the weeks before the general election."

Laudner talks like a man who, after years of fighting the political wars in Iowa with a cap gun, has been handed a shoulder-fired missile launcher.

In the 2012 election, Laudner drove his pickup truck to every county in the state on behalf of Republican candidate Rick Santorum, who was running a shoestring operation. Santorum ended up pulling off a shocking first-place finish in the caucuses.

Skeptics say Trump will fade once voters turn serious about choosing a president come autumn and doubt he has the patience and fortitude to build a grassroots machine not just here but across the country.

Trump's star power and personal fortune have warped the traditional rules that govern campaigning in the state, upending the retail politics that Iowa is known for. When Trump landed his helicopter earlier this month at the Iowa State Fair, he was mobbed by a crowd in the thousands. Last week, he almost filled a sports stadium in Mobile, Alabama.

"His reach is just so far beyond what the rest of these guys can do combined," Laudner said, referring to Trump's opponents. "It's all new territory."

Recent winners of the Iowa caucuses have been campaigns with large resources and strong organizations, such as George W. Bush in 2000 and 2004, or conservatives who appeal to the evangelicals in the state, such as Santorum and Mike Huckabee, who won in 2008.

Trump, like Bush, could have the potential to outspend his rivals here while also appealing to the influential right-wing. His best-funded challenger here, Jeb Bush, is unpopular with those voters.

Trump has 10 paid staff members in the state and most likely will be adding more. One recent innovation has been to send a large tour bus emblazoned with the Trump logo from town to town. It has become its own curiosity, drawing crowds even though just one or two staffers, not Trump, are aboard. The bus even has its own Facebook page.

Trump's campaign hopes to do what has been a long-held goal of politicians in Iowa: bring new voters into the caucus process. Despite the relentless coverage the contest receives here, about only 120,000 Republicans participated in 2012, 20% of the registered Republicans in the state.

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The selling on Wall Street was so dramatic Monday that it triggered unprecedented emergency freezes on stocks.

Stocks and exchange-traded funds were automatically halted more than 1,200 times, according to Nasdaq.

The high level of trading pauses highlights just how extreme the selloff was in a short span of time. Fears about China's economic slowdown caused the Dow to plummet over 1,000 points when the market opened. The Dow ended down 588 points, its worst decline since August 2011.

Installed after the May 2010 flash crash, the so-called circuit breakers are designed to slow down dramatic selling or buying. They are typically triggered when stocks dive or spike by a certain amount in a matter of minutes. Think of it as a time out. Trading is halted for five minutes, giving investors a chance to calm down and allowing cooler heads to step into the market.

Circuit breakers helped prevent a flash crash. Normally there are a few dozen trading halts a day. But Monday wasn't a normal day with 1,200 halts.

"That's huge. I've never seen that many halts," said Dennis Dick, a market structure consultant at Bright Trading.

Dick said he believes the stock market may have suffered even worse losses if it weren't for the trading pauses.

"The circuit breakers are designed to prevent a full-on flash crash. Those circuit breakers kind of saved the day," he said.

But a closer look at the securities that were halted also raises questions. The circuit breakers were implemented more than 600 times on ETFs, the increasingly-popular securities that trade like stocks. ETFs hold a basket of stocks, removing the risk of betting on a single company.

ETF.com examined the pricing action and discovered at least eight ETFs that showed "flash-crash" style drops at the opening of trading.

A number of them are tiny ETFs like the iShares Core Conservative Allocation ETF (AOK) and Emerging Markets Internet & Ecommerce ETF (EMQQ). In some ways, that may be expected given how smaller ETFs lack liquidity -- the ability to quickly get in and out of a security, even during market turbulence.

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China stocks suffer biggest one-day fall since global financial crisis.

Chinese stocks plunged more than 8 percent on Monday in panic selling, with flagship indexes smashing key support levels and posting their biggest one-day percentage losses since the height of the global financial crisis in 2007.

The latest tumble, which wiped out what was left of market gains this year, was rooted in investor disappointment that Beijing did not announce expected policy support over the weekend after China's main market indexes shed 11 percent last week.

The blue-chip CSI300 index .CSI300 tumbled 8.8 percent, to 3,275.53, while the Shanghai Composite Index .SSEC lost 8.5 percent, to 3,209.91 points, putting it back where it began 2015.

"It's difficult to judge whether investors are overreacting, or whether the market is near its bottom," said Alex Kwok, analyst at China Investment Securities in Hong Kong, noting that economic fundamentals remained weak and investor sentiment battered.

"This is already a small-scale stock market disaster. Any rebound, if there is any, could be just technical."

With main indexes falling well below July 9 lows - hit during the height of the recent market rout and widely seen as a key level the government wants to defend - retail investors, many of whom expected monetary loosening policies over the weekend, are disillusioned.

"I regret not having fled the market last week," said a retail investor who identified herself only by her surname, Zhang.

"With the market falling like this, there's no hope at all. It's already a bear market and the government is responsible," she said.

Monday's fall spanned every corner of the market, with small-cap growth stocks and state-owned blue chips declining at roughly equal paces.

At the end of the day, only 16 companies trading in Shanghai and Shenzhen were in positive territory. Over 2,000 stocks, or 80 percent of the total, were down by the 10 percent daily limit, according to Reuters calculations. 

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(Reuters) - North Korean leader Kim Jong Un ordered his troops onto a war footing from 5 p.m on Friday after his government issued an ultimatum to Seoul to halt anti-Pyongyang propaganda broadcasts by Saturday afternoon or face military action.

South Korean Vice Defence Minister Baek Seung-joo said it was likely the North would fire at some of the 11 sites where the loudspeakers are set up on the South's side of the Demilitarised Zone (DMZ), which separates the two countries.

Tension escalated on Thursday when North Korea fired shells into South Korea to protest against the broadcasts. The South responded with a barrage of 29 artillery shells.

Both sides said there were no casualties or damage in their territory, an indication that the rounds were fired as warning shots and not intended to inflict harm.

Neither side wants escalation into war, analysts said.

"The fact that both sides' shells didn't damage anything means they did not want to spread an armed clash. There is always a chance for war but that chance is very, very low," said Yang Moo-jin, professor at the University of North Korean Studies in Seoul.

Since the 1950-53 Korean War ended in a truce, not a peace treaty, Pyongyang and Seoul have often exchanged threats and dozens of soldiers have been killed, yet the two sides have always pulled back from all out war.

But the renewed hostility is a further blow to South Korean President Park Geun-hye's efforts to improve North-South ties, which have been virtually frozen since the deadly 2010 sinking of a South Korean navy ship, which Seoul blames on Pyongyang.

Park canceled a scheduled event on Friday and made a visit to a military command post, dressed in army camouflage.

The North's shelling came after it had demanded last weekend that South Korea end the broadcasts or face military action - a relatively rare case of following up on its frequent threats against the South.

Its 48-hour ultimatum to halt the broadcasts, delivered in a letter to the South Korean Defence Ministry via a joint military communications channel, was also uncharacteristically specific. The deadline is around 5 p.m. (0400 EDT) on Saturday in Seoul.

Seoul began blasting anti-North Korean propaganda from loudspeakers on the border on Aug. 10, days after landmine explosions wounded two South Korean soldiers along the DMZ, resuming a tactic that both sides had stopped in 2004.

North Korea on Monday began conducting its own broadcasts.

Baek told parliament the South's broadcasts would continue unless the North accepted responsibility and apologized for the mines. Pyongyang has denied it was responsible.

"There is a high possibility that North Korea will attack loudspeaker facilities," Baek said.

In the North, Kim would put his troops on a "fully armed state of war" starting from 5 p.m. and had declared a "quasi-state of war" in frontline areas, Pyongyang's official KCNA news agency reported.

There were indications the North was preparing to fire short-range missiles, the South's Yonhap news agency said, citing an unnamed government source. The North often fires rockets into the sea during annual U.S.-South Korean military exercises, which are currently under way.

Pyongyang's declaration of a semi-state of war was its first use of such terminology since the North shelled a South Korean island in 2010, Yonhap said. Two South Korean marines and two civilians were killed in that incident, which followed another ultimatum delivered by the North.

The precise nature of the latest ultimatum was a bit unusual, said John Delury, a North Korea expert at Yonsei University in Seoul.

"North Korea is a constant font of generalized threats, but putting a time stamp on it is a little bit different. It puts both Seoul and Pyongyang's necks on the chopping board. Someone has to blink here," he said.

South Korea's won currency KRW= and shares .KS11 fell as the heightened tensions added volatility to markets already hit by concerns about the global economy.

The U.S. military, which has 28,500 personnel based in South Korea, said it was closely monitoring the situation.

Washington earlier urged Pyongyang to halt any "provocative" actions in the wake of Thursday's exchange of fire, the first between the two Koreas since last October.

Daniel Pinkston of the International Crisis Group think tank said the large U.S. troop presence in the South for the military exercises could reduce the risk of escalation.

"This is a bad time to pick a fight with the South while it has all these resources there," he said.

Fishing was suspended around three South Korean islands off the west coast. Most of the nearly 800 South Koreans ordered to leave their dwellings near the border on Thursday had returned, although one village remained evacuated, local officials said.

Morten Traavik, a Norwegian who organized a two-show visit to Pyongyang by Slovenian avant-garde rock band Laibach, said people were going about their business as usual in the North Korean capital.

"There have of course been news bulletins on North Korean television announcing the North Korean military's pretty bombastic statements," Traavik said by phone.

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China's beleaguered stock market endured yet another sell off on Friday, shedding 4% to wipe away the remaining gains from a dramatic market rescue launched by Beijing in early July.

The benchmark Shanghai Composite closed just north of 3,500 points, a level that many analysts believe Beijing will try to defend at all costs. Even with a late rush of buying, the index closed down more than 11% for the week.

Many companies listed in Shanghai, including some large state-owned firms, fell by the maximum daily limit of 10%. The smaller Shenzhen Composite index shed 5.4% on Friday, taking losses for the week to 11.5%.

Hong Kong's Hang Seng index, which has fared better than mainland China markets, also slipped into a bear market on Friday, closing more than 20% below its recent high in late April.

The rough trading day extends a wild period in Chinese markets.

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, reaching a low of 3,507 points on July 8.

Beijing reacted forcefully. The central bank 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 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.

Analysts have maintained that market volatility would have a limited impact on China's economy. Relatively few Chinese are invested in the stock market, and the vast majority of Chinese companies still have access to financing.

Concerns are mounting, however, especially over China's currency and the strength of the country's factory sector. On Friday, a key gauge of manufacturing activity tumbled to its lowest level in 77 months. And there are signs of slowing consumer demand.

Beijing has also allowed the yuan to devalue in recent weeks, a move that some think was designed to boost the country's exporters. If other countries choose to also devalue their currencies in an attempt to keep their exporters competitive, the retaliatory actions could spark a currency war Asia.

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Greek Prime Minister Alexis Tsipras will submit his resignation to the country's president later Thursday to clear the way for early elections on Sept. 20, a government official said.

Tspiras, elected in January, is expected to make a televised state address on Thursday evening.

Tsipras effectively lost his parliamentary majority after a rebellion by hardliners in his Syriza party who oppose a bailout agreement struck with international lenders.

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Reuters - South Korea fires rounds at North in response to shell.

South Korea said it fired tens of artillery rounds toward North Korea on Thursday after the North launched a shell toward a South Korean loudspeaker that had been blaring anti-Pyongyang broadcasts, as tension escalated on the peninsula.

North Korea did not return fire but later warned Seoul in a letter that it would take military action if the South did not remove the loudspeakers within 48 hours, the South's defense ministry said.

In the letter, North Korea's armed forces called the South's propaganda broadcasts a "major challenge" to the North.

South Korea said its detection equipment had spotted the trajectory of a suspected North Korean projectile launched at around 3:52 p.m. (0652 GMT), which did not appear to have damaged the loudspeaker or caused any injuries.

South Korean President Park Geun-hye told top defense officials to "react firmly" to North Korean provocations, a spokesman quoted her as saying. South Korea's military raised its alert status to the highest level.

"Our military has stepped up monitoring and is closely watching North Korean military movements," South Korea's defense ministry said.

There was no mention of the firing in North Korean state media, which does not typically make immediate comment on events.

The suspected North Korean shell landed in an area about 60 km (35 miles) north of Seoul in the western part of the border zone, the defense ministry said. South Korean residents in the area were ordered to evacuate, according to the South's Yonhap news agency.

The projectile appeared to have landed in a mountainous area near a South Korean military base in the town of Yeoncheon, Yonhap said.

The exchange of fire was the first between the two Koreas since last October, when North Korean soldiers approached the military border and did not retreat after the South fired warning shots, the South Korean Defense Ministry said at the time. The North's soldiers fired back in an exchange of gunfire that lasted about 10 minutes, with no casualties.

Tension between the two Koreas has risen since early this month when landmine explosions in the Demilitarized Zone (DMZ) of the border wounded two South Korean soldiers. Seoul accused North Korea of laying the mines, which Pyongyang has denied.

Seoul then began blasting anti-North Korean propaganda from loudspeakers on the border, resuming a tactic that both sides had halted in 2004.

North Korea on Saturday demanded that the South stop the broadcasts or face military action, and on Monday began conducting its own broadcasts.

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Apple and Google are going to go to war over self-driving cars

Hidden within the comparisons between tech giants Apple and Google, lies a rather inconvenient fact -- the two companies have distinct (and mostly differing) business models. For Google, its core business is search, while Apple sells premium hardware integrated with software.

Even where the two do directly compete, their strategies are different. For smartphone operating systems, Google has taken a mostly open source model to accelerate adoption, opting to monetize user data, mobile search, and transactions through its Google Play Store. For Apple, its highly integrated, "walled-garden" operating system pairs with its hardware and software in order to sell more high-margin devices.

However, more recently the rumor mill has decidedly pointed to a new product where Cupertino and Mountain View are aiming to compete: an autonomous car. If the rumors are correct, the battle to reinvent the driving experience may be even more fierce than the smartphone wars.

Apple's further along than many thought

According to correspondence obtained by Britain's The Guardian, Apple is building an autonomous car and is currently in the process of finding locations in San Francisco for testing purposes. There are a few big surprises in this article -- the first of which is the fact Apple's car is self-driving. Earlier this year, a self-driving car rumor was leaked by Reuters, only to be disputed by The Wall Street Journal, which reported the vehicle would be a conventional car.

The second, and perhaps more interesting, is Apple's pacing in regards to bringing a self-driving car to potential market. According to the article, engineers from Apple's "Project Titan" met with officials from GoMentum Station, a secretive defunct naval base that has found a new usage as a testing ground for self-driving vehicles.

It is also interesting to note this seems slightly out of step with Apple's high-margin strategy, as cars are notoriously low-margin, but it seems the company is aiming to compete with one of Google's "moon shots."

The question, of course, is how important first-mover advantage would be in this market. Unlike a smartphone or another consumer-electronics gadget, the consequences of releasing a flawed self-driving vehicle are inherently more dangerous and should be tested extensively to mitigate any issues. It is for that reason, why I expect a longer testing period before the technology is available and may require legislative approval before being bought to market.

In the beginning, and if both are able to bring a self-driving car to market, I expect fierce competition between the two companies as they seek to compete for early adopters. However, as this technology becomes more widely accepted, the potential losers are entrenched automotive manufacturers that haven't developed competing technologies and professional drivers whose jobs could be automated.

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Hackers dump data online from cheating website Ashley Madison.

Hackers dumped online personal details of more than a million users of infidelity website AshleyMadison.com, tech websites reported on Tuesday, the latest high-profile cyber attack that threatens to wreak strife in relationships across the globe.

After threatening to release salacious details on as many as 37 million customers of the website, which uses the slogan "Life is short. Have an affair," hackers claimed to publish a huge cache of email addresses and credit card data stolen in July.

Reuters was not immediately able to confirm the authenticity of the posting. Avid Life Media, which owns Ashley Madison and Established Men, widely described as a "sugar daddy site," did not verify the data was real, but said it was aware of the claim.

The hackers used the dark web which is only accessible using a specialized browser.

Still within hours, thousands of email addresses from North America and Europe including many linked to corporations and universities sprouted up on other sites as people decrypted the database. It is possible to create an Ashley Madison account using someone else's name and email.

The hackers have appointed themselves as "the moral judge, juror, and executioner, seeing fit to impose a personal notion of virtue on all of society," the company said in a statement.

"These are illegitimate acts that have real consequences for innocent citizens who are simply going about their daily lives," it said.

The Federal Bureau of Investigation (FBI) is investigating the theft alongside the Royal Canadian Mounted Police and local police, it said.

The hackers, who call themselves The Impact Team, leaked snippets of the compromised data in July and threatened to publish names and nude photos and sexual fantasies of customers unless Ashley Madison and another site owned by Avid Life were taken down.

"Avid Life Media has failed to take down Ashley Madison and Established Men," tech website Wired quoted The Impact Team as saying in a statement accompanying the online dump.

"We have explained the fraud, deceit, and stupidity of ALM (Avid Life Media) and their members. Now everyone gets to see their data," the hackers said, according to Wired.

Other higher-profile attacks such as those on big companies, like Sony Pictures Entertainment and Target, have seen credit card data of customers stolen, unleashing massive financial damage to individuals and companies.

But this data dump appeared to confirm that the hackers were not driven by blackmail or commercial motives, but rather ideological ones.

The intrusion into the private lives of individuals marked a watershed moment in cyber crime as the data spread across the web, said Ajay K. Sood, General Manager for Canada of cyber security firm FireEye Inc.

"These guys want as much notoriety as possible. This isn't cyber terrorism. It's cyber vigilantism," he said.

Avid Life has said it is convinced the hackers were formerly connected to the company.

Still the dump was massive, according to Troy Hunt, a Microsoft security expert, who said more than 1 million unique email addresses were attached to payment records.

Wired said 9.7 gigabytes of data was posted, and appeared to include member account and credit card details. (Reuters).

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Despite recent controversies, Donald Trump is only expanding his big lead after his debate performance.

Real-estate developer Donald Trump doesn't appear to be slowing down as he seeks the Republican presidential nomination in 2016. Two new polls this week have found that the outspoken businessman has only expanded his lead since the first official debate earlier this month.

A CNN/ORC poll released Tuesday placed Trump in the No. 1 position, with 24% support among registered Republicans. That was more than double the 11% support of his next-nearest competitor, former Gov. Jeb Bush of Florida.

Many of the other candidates were clustered close behind Bush: retired neurosurgeon Ben Carson at 9%; Sen. Marco Rubio of Florida and Gov. Scott Walker of Wisconsin at 8%; Sen. Rand Paul of Kentucky at 6%; Sen. Ted Cruz of Texas, former Hewlett-Packard CEO Carly Fiorina, and Gov. John Kasich of Ohio at 5%; and former Gov. Mike Huckabee of Arkansas in 10th place at 4%.

According to CNN, Trump expanded his lead by 6 points since July. That rise suggests Trump's combative performance in the August 6 debate did little to harm his candidacy.

A Fox News poll published Sunday found that, despite dominating the Republican field, Trump was "judged in the poll as having the worst debate performance and being considered the least likable Republican candidate."

During the debate, Trump fielded numerous tough questions, including about his corporate bankruptcies, his threat to run a third-party campaign for president, and derogatory comments he has made about women. In the days after, Trump went to war with Fox News, which hosted the debate, as well as one of its moderators, Megyn Kelly. The network and Trump finally brokered an uneasy truce last week.

But CNN and Fox News weren't the only two outlets with favorable polls for Trump this week. A Morning Consult survey published Monday found the real-estate developer with 32% of the vote among registered Republicans and Republican-leaning independents.

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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 jeff@amazon.com. 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.

Samsung Electronics Co Ltd unveiled a new Galaxy Note phablet and a larger version of its curved-screen S6 edge smartphone on Thursday, marking a fresh bid by the South Korean tech giant to revive momentum in its handset business.

Samsung is the world's top smartphone maker but its market share fell in the second quarter when its critically acclaimed S6 models launched, squeezed by Apple Inc's upscale iPhones and cheaper offerings from Chinese rivals such as Huawei Technologies Co Ltd.

The manufacturer responded with S6 price cuts and bringing forward the Note unveiling from its usual early September spot, ahead of the latest iPhone launch widely expected in September.

Samsung has made several hardware changes for the new phablets - the informal name for larger screen phones approaching the size of a tablet - including a faster processor for the Galaxy Note 5 and increasing the screen size of the S6 edge+ to 5.7 inches from 5.1 inches on the S6 edge.

Both are powered by Samsung's Exynos chips, a person familiar with the matter told Reuters. Samsung dropped Qualcomm Inc chips that powered most of its previous handsets, opting to use its own processors for the S6 models.

The phones will go on sale on Aug. 21 in the United States and Canada. The Galaxy S6 edge+ will be offered in what it called "Black Sapphire" and "Gold Platinum," in the U.S. market, and the Note 5 will be offered in "Black Sapphire" and "White Pearl," with either 32 or 64 gigabytes of storage.

They will support mobile payment service Samsung Pay that will launch on Aug. 20 in South Korea and Sept. 28 in the United States.

The company also said it will expand the service to the United Kingdom, Spain and China, but did not specify a date.

Samsung Pay lets users make payments by having phones send signals to existing magnetic stripe card readers, offering greater store coverage than Apple's Apple Pay service which requires retailers to install compatible equipment. (Reuters).

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ChinaRare nuke like explosion Tianjin, 

China explosion Happened today the 12 of August 

More than 400 injured in surroundings of the chemical plant 

Rare nuke like explosion Tianjin, ChinaRare nuke like explosion Tianjin, China Happened today 12 of August more than 400 injured in surroundings of the chemical plant

The Republican presidential candidate has promised to bring American jobs back from China, and a major part of his stump speech is a pledge to "not let China rip us off any longer."

Now, Trump has a new line of attack, courtesy of the People's Bank of China's decision to let the yuan trade more freely, which has set off the currency's biggest decline in two decades.

"[China] continuously cuts their currency, they devalue their currency," Trump said during a campaign stop in Birch Run, Michigan. "They've been doing this for years -- this isn't just starting."

A weak currency cheapens the price of a country's exports, making them more attractive to international buyers by undercutting competitors.

Many experts disagree with Trump's analysis.

The International Monetary Fund, for example, says the yuan is fairly valued. And while it's true that the currency has depreciated this week, many analysts have praised China for following through on its commitment to allow market forces more influence over the currency.

The yuan, also called the renminbi, has appreciated 14% since mid-2014, according to Daiwa Capital Markets.

Trump, however, said that China is "making it absolutely impossible for the United States to compete," and doing so without suffering any consequences.

"China has no respect for President Obama whatsoever," he said. "They think we're run by a bunch of idiots, and what's going on with China, it's unbelievable."

Earlier this year, Trump ran into some political trouble after some of his branded merchandise was found to have been manufactured in China. Trump said he had no alternative.

"My ties ... a lot of them are made in China," he said, "because they have manipulated their currency to such a point that it's impossible for our companies to compete."

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1. If you own stock in Google – you will soon be the owner a new stock called Alphabet instead.

As Page says in his letter, posted at the cheekily named new Alphabet site abc.xyz, every share of Google stock will automatically convert to Alphabet stock later this year. And given that Google represents about 1.5% of the market value of the S&P500, chances are you own some of those shares, if only because you probably own shares in a large-cap stock index fund.

The conversion won’t have any tax implications for owners; they’ll just get one share of stock in exchange for the other.

Google currently trades in different share classes—some with voting rights, some without—and that’s not changing. So non-voting Google shares will become non-voting Alphabet shares. For now, at least, the stock market tickers won’t change. Alphabet will still trade as GOOG and GOOGL, depending on the share class.

2. Google is still around: It will be just one (still giant) company owned by Alphabet.

Alphabet will be an umbrella for numerous businesses. Google will be one of those companies. Outside of Google will go other current Google ventures that Page calls “far afield” from the flagship digital media business. He mentions two: A life-sciences division working on contact lenses for diabetics and a “longevity” company called Calico.

Nest, which makes web-connected thermostats and security systems, and Google X, which funds bleeding-edge projects like driverless cars, will also be separate from Google under the Alphabet umbrella, according to SEC filings.

3. Google’s new CEO is Sundar Pichai, and he’ll report to Alphabet CEO Larry Page

Picahi was previously a product manager for Google, and has been considered Page’s deputy. He was already a pretty big deal in his own right, as made clear in a cover story on him in Bloomberg Businessweek last year.

4. Alphabet will break out financial results for its different business segments. So investors will be able to understand Google’s financials separate from those of the other businesses. That’s probably the most important news right now.

The new Alphabet shareholders will own the same businesses as the old Google shareholders. The main difference is that investors will also be able to look at Google, the familiar digital media business, on its own. That can be important for a company that wants to keep Wall Street happy. Investors who want to be able to compare Google to other digital media businesses will have an easier time doing so. Analysts can value the company based on the assets and earnings contributions of its different parts, and compare the company’s share price to its value if the businesses were one day broken up or spun-off.

The move reflects Google’s, and the market’s, awareness that the company is a lot more than a web-search and media business these days. But it also seems to be a recognition that investors want to know just what they are paying for when they buy a share.

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