They do at least these two things: Embrace the changing reality and take advantage of a landscape fraught with new risks.


Bloomberg

Fed Seeks Aggressive Limit on Wall Street Commodity Holdings
Bloomberg
Goldman Sachs Group Inc.'s and Morgan Stanley's sometimes lucrative romance with metals, coal and oil could become prohibitively expensive under a proposed rule released Friday by the Federal Reserve. The long-awaited regulation would require banks …
Fed Targets Big Bank Commodity LinesWall Street Journal
Fed wants to put new limits on banks' commodities activitiesmySanAntonio.com
UPDATE 1-Federal Reserve proposes new limits on Wall Street energy betsBusiness Insider
TheStreet.com
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On top of a resurgence in alt-fuels, a fundamental rethinking of trucking and corporate fleets is underway.


Wall Street Journal

Japan's Benchmark Bond Yield Falls as Investors Grapple With BOJ Policy Shift
Wall Street Journal
TOKYO—The yield on Japan's benchmark 10-year government bond fell slightly Friday in light trading, as investors tried to interpret a major shift in the way the country's central bank conducts its bond-buying program. At midday in Tokyo, the 10-year …
Asia shares hold near 14-month peak on Fed relief, JGB yields fallReuters
Watch Next Friday's BOJ Statement to Gauge Its Yield-Curve PlansBloomberg
How to play the BOJ's shift in its ETF purchasesCNBC
MarketWatch –Forbes –Business Insider –USA TODAY
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Fortune

Uber Rival Grab Partners with Self-Driving Car Startup NuTonomy
Fortune
NuTonomy hopes to have 100 driverless taxis in Singapore by 2018. Users of ride-hailing firm Grab will be able to book driverless cars from Friday as it partners with a start-up testing the technology in Singapore, just days after rival Uber debuted …
Grab Joins nuTonomy to Offer Self-Driving Taxis in SingaporeWall Street Journal
No Longer Invite-Only,' Robo-Cars' Offered to SingaporeansNew York Times
More self-driving cars to hit Singapore streetsZDNet
Bloomberg –Financial Times –TechCrunch –The Verge
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New York Daily News

Abandoned car leads to LaGuardia Airport lockdown
New York Daily News
Officials said a man drove up to the terminal at LaGuardia then jumped out of the SUV and ran away, leading to the lockdown. (Courtesy Rachel Moylan @rachelamoylan via Twitter ) NYC PAPERS OUT. Social media use restricted to low res file max 184 x …
Terminal at New York's LaGuardia reopened after evacuation: mediaReuters
Lockdown at LaGuardia airport causes confusion among travelersNJ.com
LaGuardia Airport Terminal B Evacuation: Passengers Say Unattended Vehicle Triggered Confusion At AirportInternational Business Times
Newsday –Fox News –New York’s PIX11 / WPIX-TV –CBS News
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Bloomberg

Erdogan to Turkey's Central Bank: Nice Rate Cut, Do More Please
Bloomberg
Turkey's central bank did the right thing by cutting interest rates this week and it should continue to do so, President Recep Tayyip Erdogan said. “I believe it will be beneficial to continue this steadily,'' Erdogan said in an interview Thursday in …
Turkey's First Lady Asks Americans To Imagine Brooklyn Bridge Seized By TerroristsHuffington Post
Turkey Cuts Overnight Lending RateWall Street Journal
Turkey cuts rates again while eyeing inflation, ratingReuters
Al-Monitor –Washington Post –SFGate –Business Insider
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U.S. News & World Report

Big email hack doesn't exactly send the message Yahoo needed
U.S. News & World Report
FILE – In this June 5, 2014, file photo, people walk in front of a Yahoo sign at the company's headquarters in Sunnyvale, Calif. Yahoo says the personal information of 500 million accounts have been stolen in a massive security breakdown that …
Yahoo hit in worst hack ever, 500 million accounts swipedCNET
What to do if your Yahoo account was hackedCNNMoney
Yahoo Has Been Hacked: What You Need to KnowFortune
The Mercury News –STLtoday.com –Recode –Business Insider
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Fortune

Marriott Reveals How the Starwood Merger Will Affect Loyalty Programs
Fortune
Marriott has finally answered the question that's been on the minds of the combined 78 million people who belong to the Marriott Rewards (which includes Ritz-Carlton Rewards) and Starwood Preferred Guest loyalty programs: What will happen to my points?
Marriott, Starwood merger is complete, and loyal customers will get reciprocal benefitsUSA TODAY
Interview: Marriott's CEO on Its $13 Billion Bet on LoyaltySkift
Marriott buys Starwood, becoming world's largest hotel chainU.S. News & World Report
Wall Street Journal –Washington Post –eTurboNews –SCNow
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Wall Street Journal

Harvard's endowment loses 2 pct as stock bets fueled decline
Business Insider
BOSTON, Sept 22 (Reuters) – Harvard University's investment arm, which oversees America's largest endowment, on Thursday said its portfolio lost 2 percent during the 2016 fiscal year, marking the single largest yearly decline since the financial crisis.
Harvard Endowment Loses 2% in Fiscal 2016Wall Street Journal
Harvard Loses Almost $2 Billion in Endowment ValueHarvard Crimson
Harvard University announced that its endowment fund suffered a $1.9 billion loss for the 2016 …The Daily Princetonian
Patch.com
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