“I have been trading for decades and I am still standing. I have seen a lot of traders come and go. They have a system or a program that works in some specific environments and fails in others. In contrast, my strategy is dynamic and ever evolving. I constantly learn and change.” – Thomas Busby

1. Apple Teaming Up With Visa, MasterCard on IPhone Wallet — Bloomberg, Apple Inc. (AAPL) plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers. Apple is planning a new partnership with major payment networks, including Visa (NYSE:V), MasterCard (NYSE:MA) and American Express (NYSE:AXP) to transform the next iPhone into a mobile wallet. The announcement follows earlier reports that the iPhone 6 will feature NFC and support a mobile payments platform. Original article was written back in Sept 2011. CLICKHERE FOR THE ARTICLE.
2. Putin: Outline of Cease-Fire Is Reached With Ukraine — WSJ, Russian President Vladimir Putin confirmed last week that he and his Ukrainian counterpart had agreed to the outlines of a cease-fire plan between Kiev’s forces and pro-Russian rebels fighting in eastern Ukraine. The seven-point plan calls for the separatists to end their offensive against Ukrainian forces around the rebel strongholds of Donetsk and Luhansk, while Kiev would pull its forces back, Mr. Putin said in Mongolia.
3. U.S. regulators adopt tighter rules for banks’ cash needs — Reuters, regulators adopted final rules for banks to hold enough high-quality liquid assets (cash-like) to last 30-days in crisis. The 6-big banks would need $2.5 trillion cash combined, or $100 bil more than they now have reserved. Banks have until 2017 to comply with the new rule.
4. Hiring slows as U.S. adds 142,000 jobs in August — the deceleration in hiring last month ended a six-month streak in which the U.S. added at least 200,000 jobs a month, the best stretch of job creation since 2006. The number of jobs created also fell well short of Wall Street’s forecast calling for a 228,000 gain. The dropoff stemmed in large part from a decline in jobs in the retail and auto sectors.