| Good afternoon and happy Labor Day weekend (if you're in U.S.)! Everyone loves a good deal, as evidenced by the overwhelming demand for all the perks of a new credit from Chase. The holiday weekend is sure to offer any number of retail discounts and promotions, but if you're interested in a more long-term deal, we have a few recommendations below. Enjoy the long weekend! We'll be taking the day off on Monday and will dutifully resume on Tuesday. –Emily Banks |
| | From the Putin Interview | | | Vladimir Putin refused to publicly take sides in a U.S. presidential race in which he's been accused of secretly favoring Trump over Clinton. "They're both using shock tactics, just each in their own way," the Russian president said. "I don't think they are setting the best example." In an interview with Bloomberg News on Thursday, Putin also discussed the chance for a deal with other oil producers to boost prices, Russian privatization plans, and hopes for a breakthrough on closer ties with Japan. |
| Here are today's top stories... | | Put your money to work on Labor Day. Retailers may use the holiday to sell you things you don't need, but the day is really about work. Instead of adding to debt or dipping into savings to jump on doorbusters, get a great long-term deal by making your job and the benefits work harder for you. Contribute more to 401(k) and watch those fees. Save or save more of your pay automatically. Take advantage of tax-advantaged deals. | | Credit-card churners have a new love. Despite its $450 annual fee, so many people signed up for Chase's new Sapphire Reserve card that the bank ran out of the actual cards, which are made with a proprietary mix of embedded metals. One of the perks: Spend $4,000 in the first three months and get a sign-up bonus of 100,000 points, worth $1,500 in travel through Chase's website. You also get three points for every $1 spent on dining and travel, and its definition of travel is broader than other cards' to include Uber and Airbnb. | | It's almost time for the next iPhone. What should you expect at Apple's Sept. 7 event? To see a phone that looks pretty much the same as the iPhone 6 and 6s. It will replace the headphone jack with a secondary grille for an additional speaker or microphone and will have a pressure-sensitive Home button that provides a vibrating sensation. You can expect camera improvements and a faster processor. Apple will also release updates to its watch and software. | | Elon Musk's fortune shrank by $779 million on Thursday, according to the Bloomberg Billionaires Index. That was due to two factors: drops in the stock prices of Tesla and SolarCity; and Wednesday's regulatory filing, which showed he has put up an additional $489 million of his Tesla and SolarCity stock as collateral to secure personal borrowings. The pledged shares are stripped out of his total net worth calculation because they're not immediately available to him. The borrowing is for personal liquidity; he doesn't even accept the $37,584 minimum-wage salary Tesla is required to pay him. | | The new Aston Martin: More like Hermes, less like Ferrari. The brand known for sports cars in James Bond films is expanding outside the motorway with a push into yachts, apartments, handbags and strollers ($3,980 ones). A new store in London's exclusive Mayfair district is Aston Martin's biggest effort yet to establish the brand as a purveyor of all things luxury and not just slinky performance cars. | |
| | Is This Real Life? | | | The London Natural History Museum's Wildlife Photographer of the Year competition is a world renowned platform for nature photography that reveals the full range of the planet's wonders. The shot of giant cuttlefish courting left me wondering if this photo weren't actually taken on another planet or in some other universe. | | |
| To Silicon Valley and beyond... | This fall, get Fully Charged. Sign up to receive our forthcoming newsletter featuring insights from Bloomberg's technology reporters around the world. | |
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Keep a civil tongue.