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<div class="KonaFilter image-container display-table"><div><div class="image on-image">Rupak De Chowdhuri/ReutersA fisherman speaks with others as they prepare to cast a net in the waters near Ghoramara Island, India, on October 24, 2018.</div></div></div><ul class="summary-list"><li>Ghoramara Island, located in eastern India, is gradually disappearing due to rising <a href="https://www.businessinsider.com/category/sea-levels">sea levels</a>.</li><li>The island is only about 1.8 square miles in size - half of it was 20 years ago.</li><li>Most residents have left, but some say they can't afford to resettle.</li><li>These images show what life is like on the island now.</li></ul>The Sundarbans, the world's largest mangrove forest, stretches across the border between India and Bangladesh in the Bay of Bengal. It is home to endangered tigers, dolphins, and <a href="https://www.iucn.org/content/environmental-management-and-biodiversity-conservation-plan-sundarbans%E2%80%99-biodiversity">300 species of birds</a>. But this biodiversity, along with thousands of people living on islands in nearby river deltas, are in danger due to rising sea levels caused by climate change.India's Ghoramara Island is currently disappearing. Once home to 40,000 people, Ghoramara's population has decreased to roughly 4,000 today. It's now only 1.8 square miles in size - half the area it had 20 years ago. Though some of the island's remaining residents would prefer to live elsewhere, they say they can't afford to leave. "If a tsunami or a big cyclone hits this island we will be finished," Sanjib Sagar, a village leader, <a href="https://widerimage.reuters.com/story/villagers-fear-for-survival-on-indias-disappearing-island">told Reuters</a>.Here's what life on Ghoramara looks like.

An island in India is disappearing, but some of the last residents say they can't afford to move away

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Reuters/Rupak De ChowdhuriPeople ride their motorbikes during heavy rains in Kolkata, India.</div></div></div>Here is what you need to know. <ol><li>The jobs report is coming. The US economy is expected to have added 190,000 nonfarm jobs in April as the unemployment rate held at 3.8%, according to economists surveyed by Bloomberg.</li><li><a href="https://www.businessinsider.com/warren-buffett-berkshire-hathaway-buying-amazon-shares-2019-5">Berkshire Hathaway is buying up Amazon shares</a>. The shares were purchased by "one of the fellows in the office that manage money," Berkshire Hathaway Chairman and CEO Warren Buffett told CNBC's Becky Quick. </li><li><a href="https://markets.businessinsider.com/currencies/news/facebook-is-building-a-cryptocurrency-with-secret-project-libra-2019-5-1028165006">Facebook is working on a secret cryptocurrency network</a>. 'Project Libra' is the code name for the social-media network's secret initiative to build a cryptocurrency-based payments platform where users can transfer and spend digital currency on Facebook and other websites, The Wall Street Journal reports. </li><li><a href="https://markets.businessinsider.com/news/stocks/beyond-meat-ipo-first-plant-based-burger-initial-public-offering-2019-5-1028162655">Beyond Meat soars in its stock-market debut</a>. Shares of the plant-based meat-substitute maker soared 163% in their stock-market debut on Thursday. </li><li><a href="https://www.businessinsider.com/elon-musk-owes-millions-to-banks-helping-tesla-raise-capital-2019-5">Elon Musk personally owes Wall Street banks hundrerds of millions of dollars</a>. Tesla's CEO personally owes Wall Street lenders $507 million, down $117 million from the amount listed in Tesla's previous prospectus from 2017, Reuters says. </li><li><a href="https://www.businessinsider.com/milken-conference-2019-recap-overview-main-themes-from-investors-economists-2019-5">Top investors and economists dispelled 3 key misconceptions at the Milken Conference</a>. Some of the biggest names in investing and economics pushed back against the beliefs that a recession is imminent, the Fed's next move will be a rate cut, and inflation will stay low on a permanent basis.</li><li><a href="https://markets.businessinsider.com/currencies/news/warren-buffett-12-predictions-bitcoin-table-tennis-death-2019-4-1028123943#1-cryptocurrencies1">Bekrshire Hathaway's annual meeting is coming</a>. Buffett and Berkshire Hathaway Vice Chairman Charlie Munger will answer questions from investors on Saturday in Omaha. Here are 12 predictions Buffett has made over the years and how they turned out. </li><li><a href="https://markets.businessinsider.com/indices">Stock markets around the world were higher</a>. Hong Kong's Hang Seng (+0.46%) led the gains in Asia and Britain's FTSE (+0.78%) was out front in Europe. The S&amp;P 500 was set to open up 0.24% near 2,925.</li><li><a href="https://markets.businessinsider.com/earnings-calendar#date=05/03/2019&amp;name=&amp;countries=&amp;eventtypes=99&amp;tab=ALL">Earnings reporting slows down</a>. American Tower and Fiat Chrysler report ahead of the opening bell. </li><li><a href="https://markets.businessinsider.com/economic-calendar#date=05/03/2019&amp;name=&amp;countries=us&amp;eventtypes=&amp;tab=1,2,3">US economic data flows</a>. Aside from the jobs report, Markit Services PMI and ISM Non-Manufacturing will be released at 9:45 a.m. ET and 10 a.m. ET respectively. The US 10-year yield was up 1.6 basis points at 2.56%. </li></ol> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/avengers-endgame-end-credits-hidden-meaning-behind-mobius-strip-2019-4">The hidden meaning behind the 'Avengers: Endgame' end credits</a></h3> <div> </div> </div>

10 things you need to know before the opening bell

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">REUTERS/Rupak De ChowdhuriCommuters stand at an open doorway of a suburban train during the morning rush hour in Kolkata, India, July 31, 2015.</div></div></div>UBS released its <a href="https://neo.ubs.com/shared/d11DYSqfT3e/">monthly list</a> of which stocks are the most crowded trades in the stock market right now.As a stock's price climbs higher, investors clamor to gain a piece of the action. But this mob mentality <a href="http://www.businessinsider.com/jpmorgan-warns-overcrowding-where-everyone-holds-the-same-position-2017-6">can be disastrous</a> when the prices eventually turn negative once again.The bank calculated which stocks were overcrowded by comparing institutional ownership data from FactSet and aggregate positions of global active managers against the relative equity benchmark to form what it calls the "active weight."This months list spans from new tech stars like Alibaba, to the usual suspects like Alphabet and Microsoft, and even to insurance.Here's UBS' list of the most overcrowded stocks in the market as of August 21:

UBS: Here are the 10 most crowded bets in the stock market right now

AP Photo/Manish Swarup Indian Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> with Chinese President <keyword id="191809" type="PERSON" weightage="20" keywordseo="Xi-Jinping">Xi Jinping</keyword> in Goa, <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>, October 16, 2016. <ul class="summary-list"><li>A year after a showdown along their disputed border, India and <keyword id="1334" type="COUNTRY" weightage="20" keywordseo="China">China</keyword> have improved their relationship.</li><li>Despite that renewed cooperation, the strategic issues driving the tension between them are unresolved.</li><li>Persistent issues, along with other moves both sides are making, increase the chances of a future clash.</li></ul>At the end of August 2017, India and China backed away from <a href="https://www.businessinsider.com/tensions-between-china-and-india-continue-year-after-doklam-standoff-2018-8" target="_blank">a 73-day standoff</a> on the Doklam Plateau, high in the eastern Himalayas. In the year since, both sides have sought to mend ties, especially after a summit between Prime Minister Narendra Modi and President Xi Jinping in the eastern Chinese city of Wuhan in April. The two countries are engaged in a kind of "recalibration" of their relationship, even though deeper-rooted issues that divide them persist, according to Faisel Pervaiz, a South Asia analyst at geopolitical-intelligence firm Stratfor. REUTERS/Desmond Boylan Chinese and Indian border guards at the Nathu La mountain pass, between Tibet and the northeastern Indian state of Sikkim, July 6, 2006. The appointment of Vijay Gokhale, who was ambassador to China during the Doklam crisis and helped resolve the dispute, to foreign secretary was "an indication that India wants to take ... a less confrontational posture," Pervaiz said. China, too, has come to believe it needs "a bit more calm" with its neighbors, including India, in part because of contentious relations with the US, Pervaiz added, though he stressed that Beijing's change in thinking was likely temporary. China has also made overtures to India about a potential partnership in trade disputes with the US. This week, <keyword id="6358777" type="LOCATION" weightage="20" keywordseo="New-Delhi">New Delhi</keyword> and Beijing <a href="https://www.businessinsider.com/r-india-china-launch-joint-training-for-afghanistan-plan-more-projects-2018-10" target="_blank">launched</a> a joint program to train Afghan diplomats, and China's ambassador to the country <a href="https://www.businessinsider.com/r-india-china-launch-joint-training-for-afghanistan-plan-more-projects-2018-10" target="_blank">predicted</a> more cooperation there in the future. Next week, they are to sign a <a href="https://www.thehindu.com/news/national/indias-participation-in-global-counterterror-front-high-on-rajnath-singhs-china-visit/article7895845.ece" target="_blank">long-discussed</a> internal-security agreement <a href="https://www.ndtv.com/india-news/in-a-first-india-china-to-sign-internal-security-agreement-next-week-1933038" target="_blank">expected to cover</a> cooperation on intelligence sharing, disaster mitigation, and other issues. Despite the apparent rapprochement, the two countries are keeping a close eye on each other. Reuters Map locating Donglang, or Doklam, a disputed area between China, India, and Bhutan. While India has largely pulled back from positions it took during the Doklam standoff, imagery reviewed by Stratfor in January showed that in late 2017 and early 2018, Delhi <a href="https://www.businessinsider.com/tensions-between-china-and-india-continue-year-after-doklam-standoff-2018-8" target="_blank">increased its deployments</a> of combat aircraft to bases near the disputed area. Those images showed <a href="https://www.businessinsider.com/tensions-between-china-and-india-continue-year-after-doklam-standoff-2018-8" target="_blank">even more activity</a> around Chinese bases in Tibet, north of the disputed area, including airfield upgrades and a large aircraft presence. (China puts more assets at those bases because it does not have bases closer to the border area.) This month, officials <a href="https://www.hindustantimes.com/india-news/chinese-bunkers-at-lhasa-airport-worry-india/story-B85jNuqEH72jiPk7sPKbcM.html" target="_blank">told Hindustan Times</a> that Delhi was concerned about construction at the Chinese air base in <keyword id="69031" type="LOCATION" weightage="20" keywordseo="lhasa">Lhasa</keyword>, which included bomb-proof bunkers for aircraft and expanded <keyword id="839167" type="PERSON" weightage="20" keywordseo="surface-to-air-missile">surface-to-air missile</keyword> batteries. "You need blast- or bomb-proof hangars for fighters only if there is a possibility of hostilities," one official said. Any activity with military hardware or other assets that could have military applications around the eastern end of India and China's shared border was likely to attract scrutiny, Pervaiz said. REUTERS/Rupak De Chowdhuri A snow-covered Indian army camp at the India-China trade route at Nathu-La, 34 miles north of Gangtok, capital of India's northeastern state of Sikkim and near the Doklam Plateau, January 17, 2009. "If you are India or China and you are seeing any sort of moves that either military is making, you view that almost through the lens of paranoia - that if you're making that move, how can that be used against us in a potential conflict?" he told Business Insider. The Doklam Plateau sits at the southern edge of the Himalayan mountain range, where the elevation is on average close to 15,000 feet. High altitudes and rough terrain put considerable limitations on military operations. While the higher elevation gives China an <a href="https://worldview.stratfor.com/article/sizing-competition-doklam-plateau" target="_blank">advantage</a> in surveillance and physiological acclimatization, lower air density hinders jet aircraft engines and limits the weaponry and fuel that aircraft can carry. China's air force is larger than India's, but it only has five air bases in Tibet - though upgrades at the Lhasa base described by <a href="https://www.hindustantimes.com/india-news/chinese-bunkers-at-lhasa-airport-worry-india/story-B85jNuqEH72jiPk7sPKbcM.html" target="_blank">Hindustan Times</a> include special helicopter bases that allow them to take off and land with full payloads. India's air power in the region would offer it some advantages. Indian air bases, including those that received more aircraft earlier this year, are closer to the area in question than China's bases. India <a href="https://worldview.stratfor.com/article/sizing-competition-doklam-plateau" target="_blank">counts 20 air bases</a> within range of the Line of Actual Control, which separates Indian- and Chinese-claimed territory. India has also also practiced with transport planes at forward landing areas in the region. REUTERS/Rupak De Chowdhuri/Files An Indian army officer, left, talks with a Chinese soldier at the 14,140-foot high Nathu-la pass on the country's northeastern border with China, April 9, 2005. But China's air defenses are more <a href="https://worldview.stratfor.com/article/sizing-competition-doklam-plateau" target="_blank">effective and reliable</a> than India's. And China has more artillery that can fire farther and is more mobile. Thin air at higher elevations hinders traditional rocket propulsion, but Chinese officials claimed in August they were progressing on <a href="https://www.businessinsider.com/china-says-making-progress-with-electromagnetically-launched-rockets-2018-8" target="_blank">a type of electromagnetic propulsion</a> that would give rocket artillery longer range and more accuracy. Both countries can be expected to use land-attack cruise missiles - the Indian Su-30MKI jets deployed to the area are capable of firing India's Brahmos missile. But China has a larger inventory of them, and the paucity of Chinese targets in the area north of the border would likely mean Beijing would have the edge. Much of the fighting in a conflict around Doklam would likely be done on the ground, even though the terrain would limit quick strikes and mass movement of troops. REUTERS/Frank Jack Daniel Monpa tribeswomen employed by the Indian army work on India's Tezpur-Tawang highway, which runs to the Chinese border in the northeastern Indian state of Arunachal Pradesh, May 28, 2012. Both countries are among <a href="https://www.businessinsider.com/most-powerful-militaries-in-the-world-ranked-2018-2" target="_blank">the most largest militaries</a> in the world. <a href="https://www.businessinsider.com/militaries-most-active-duty-soldiers-troops-2018-5#2-india-1362500-active-personnel-14" target="_blank">China's 2.1 million active-duty troops</a> are far more than India's 1.3 million, though Indian troops may bring more experience to bear. Indian fought its last war, with Pakistan, in 1999 and has been involved in sporatic clashes with Pakistan, as well as counterterror and counter-insurgency operations for years. (Delhi was developing a special Mountain Strike Corps for the northern border, but it <a href="https://www.janes.com/article/81837/indian-army-shelves-plans-for-new-fighting-corps" target="_blank">was shelved</a> this summer.) China fought its last war in 1979 - a three-week incursion into Vietnam that ended with China's withdrawal, though both sides claimed victory. Xi has <a href="https://www.scmp.com/news/china/diplomacy-defence/article/2153579/chinas-army-infiltrated-peace-disease-after-years" target="_blank">ordered</a> China's military to increase readiness and launched reforms to the force. Along the Line of Actual Control, however, China may gain an edge through <a href="https://worldview.stratfor.com/article/sizing-competition-doklam-plateau" target="_blank">superior</a> command, control, and communications and through its unified command structure in the region, whereas India divides the region among three combatant commands. REUTERS/Frank Jack Daniel An Indian army truck drives along India's Tezpur-Tawang highway, which runs to the Chinese border, in the northeastern Indian state of Arunachal Pradesh, May 28, 2012. India is aware that it would likely lose a military confrontation with China, Pervaiz said, as it did in 1962. (Mao later said China invaded essentially <a href="https://www.businessinsider.com/this-is-how-it-could-go-down-if-china-and-india-went-to-war-2017-8" target="_blank">to teach India a lesson</a>.) A conflict now is not in the interest of either country, he added, but "they both are going to continue to sharpen their capabilities in the event that there ever is a conflict [in order] to be able to fight and execute on that conflict, no doubt about it." Since the end of the Doklam standoff, China has kept the assets it deployed there - tents, bunkers, and vehicles, Pervaiz said - in place, even as Indian forces withdrew. Questioned about that change in parliament earlier this year, the Indian <keyword id="6354810" type="UNKNOWN" weightage="100" keywordseo="defense">Defense</keyword> Ministry tacitly admitted "China has actually altered those facts on the ground" and India had to accept the change, Pervaiz said. REUTERS/Rupak De Chowdhuri Indian soldiers play a friendly volleyball match with Chinese soldiers at the Indo-China border at Nathula in Sikkim state, about 109 miles from the northeastern Indian city of Siliguri, September 15, 2005. India too has pursued a longer-term shift in its strategy toward the disputed border. Delhi tried to minimize the number of roads in the border area after the 1962 war in order to deprive future enemies of transportation routes. Since the 1990s, however, India has switched to what Pervaiz called "an offensive-defense posture, meaning that we're not just going to deny the Chinese access to roads in our region. We're actually going to start building more roads and infrastructure so that our military can be better positioned." REUTERS/Adnan Abidi A signboard on the Indian side of the Indo-China border at Bumla, in the northeastern Indian state of Arunachal Pradesh, November 11, 2009. Amid the recalibration, the broader strategic issues driving tensions between India and China - the border dispute or China's partnership with India's rival, Pakistan - have not dissipated, suggesting the current period is one in which both sides are trying to manage their disputes, which Pervaiz analogized to treating a chronic illness. "It may be that the physician says that you're not going to get rid of this," he said. "This is something you're going to have to live with for the rest of your life, but we can manage it ... and then the symptoms can stay under control." Even though neither side sees conflict as in their interest, deep-seated disputes that persist raise the chances one may occur. "In the long run, because the strategic drivers are still there, and they're building up their assets, the roads, the bunkers," Pervaiz said, "that that does mean in the future, there's actually a heightened probability there's going to be some sort of confrontation, even if it's a small one." <h3>NOW WATCH: <a href="https://www.businessinsider.com/asia-earth-ice-melted-rising-ocean-coastline-china-india-2015-3">Animated map shows what would happen to Asia if all the Earth's ice melted</a></h3> <pre style="display: none;">function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</pre>

The world's 2 biggest countries are playing nice a year after a showdown, but a future clash may be unavoidable

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters/Rupak De ChowdhuriA worker checks a 500 Indian rupee note as a man fills diesel in containers at a fuel station in Kolkata, India.</div></div></div>Here is what you need to know. <a href="https://www.businessinsider.com/turkish-lira-price-stabilises-as-erdogan-attacks-economic-terrorists-2018-8?r=UK&amp;IR=T">The Turkish lira has stabilized.</a>The lira is up 4.5% at 6.5730 per dollar. It's still down 73% this year. <a href="https://www.businessinsider.com/indian-rupee-price-hits-an-all-time-low-against-dollar-2018-8?r=UK&amp;IR=T">The Indian rupee hits a record low</a>. The rupee fell to 70.08 per dollar early Tuesday as Turkey's currency crisis spilled over into other emerging markets. <a href="https://www.businessinsider.com/uk-jobs-and-wage-data-from-august-2018-2018-8?r=UK&amp;IR=T">UK unemployment rate sinks to lowest level in over 40 years</a>. The unemployment rate in the UK hit 4% between April and June, making for the lowest print since comparable records began in the early 1970s - according to data released Tuesday by the Office for National Statistics.<a href="https://www.businessinsider.com/bitcoin-price-august-14-entire-crypto-market-crashes-2018-8?r=UK&amp;IR=T">Bitcoin slides below $6,000 as crypto sell-off continues</a>. Bitcoin, the largest cryptocurrency by market value, hit a low of $5,887 late Monday before paring its losses. <a href="https://www.businessinsider.com/stock-market-investors-complacent-ahead-of-likely-correction-morgan-stanley-says-2018-8">Investors have turned complacent and are in danger of being sideswiped by a 'likely correction.'</a> Morgan Stanley warns investors are pricing in the continuation of strong economic growth, but aren't paying up to hedge against a market downturn.<a href="https://www.businessinsider.com/elon-musk-say-he-is-working-with-goldman-sachs-silver-lake-on-tesla-deal-2018-8">Elon Musk reveals he is working with Goldman Sachs and Silver Lake to help take Tesla private</a>. "I'm excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen &amp; Katz and Munger, Tolles &amp; Olson as legal advisors, on the proposal to take Tesla private," Tesla's CEO tweeted Monday evening. <a href="https://www.businessinsider.com.au/billionaire-carl-icahn-has-changed-his-mind-on-cignas-us52-billion-purchase-of-express-scripts-2018-8">Carl Icahn has changed his mind on Cigna's $52 billion purchase of Express Scripts</a>. The activist investor told CNBC that blocking the deal would be impossible and that "there's no point in fighting just to fight."<a href="https://markets.businessinsider.com/indices">Stock markets around the world are gaining ground</a>. Japan's Nikkei (+2.28%) saw big gains in Asia and Germany's DAX (+0.23%) leads in Europe. The S&amp;P 500 is set to open up 0.46% near 2,835.<a href="https://markets.businessinsider.com/earnings-calendar#date=08/14/2018&amp;name=&amp;countries=&amp;eventtypes=99&amp;tab=ALL">Earnings reporting remains slow</a>. Home Depot reports ahead of the opening bell.<a href="https://markets.businessinsider.com/economic-calendar">US economic data trickles out</a>. Import and export prices will cross the wires at 8:30 a.m. ET. The US 10-year yield is up 2 basis points at 2.90%.

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">REUTERS/Rupak De ChowdhuriCommuters stand at an open doorway of a suburban train during the morning rush hour in Kolkata, India, July 31, 2015.</div></div></div>Want to know the most popular US stocks among active fund managers?A Credit Suisse team led by Lori Calvasina looked at "long only, actively managed" small, mid, and large cap funds to find the answer.Microsoft was the most crowded US stock with 380 large cap funds holding long positions. Apple and Google followed close behind with the interest of 374 and 358 funds respectively.The team claims its ranking, as it incorporates holdings of both retail and institutional funds, is more robust than other studies.It advised against owning too many crowded stocks for reasons including the ongoing outflow of funds from active to passive management.We present the 11 most popular US stocks among large cap funds below.

CREDIT SUISSE: Here are 11 'darlings' of the US stock market

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters/Rupak De ChowdhuriWrestlers fight during an amateur wrestling match inside a makeshift ring installed on a road organised by local residents as part of Diwali, the festival of lights, celebrations in Kolkata, India.</div></div></div>Here is what you need to know. <a href="http://www.businessinsider.com/trump-tax-reform-plan-senate-budget-resolution-votes-2017-10">The Senate passes its budget, clearing a huge hurdle for Trump's tax plan</a>. The Senate passed a 2018 budget resolution with a 51-to-49 vote, paving the way for Republicans to pass tax reform without support from Democrats. <a href="http://www.businessinsider.com/brexit-trade-negotiations-delayed-until-xmas-2017-10?r=UK&amp;IR=T">Brexit trade negotiations delayed by the EU until Christmas</a>. Brexit trade talks have been postponed until the end of the year after European Union leaders agreed that there had not been "sufficient progress" on Britain's divorce from the EU.<a href="http://www.businessinsider.com/hong-kongs-stock-exchange-shut-after-30-years-2017-10">Hong Kong's stock exchange is shutting down</a>. Hong Kong Exchanges &amp; Clearing says it is shutting the stock exchange down by the end of the month to join others in going fully automatic, the Associated Press reports. <a href="http://www.businessinsider.com/stock-market-news-correction-wall-street-warning-2017-10">Wall Street banks are starting to sound the alarm on a correction</a>. Bank of America Merrill Lynch says a stock market drop of at least 10% is coming by Valentine's Day and that the "most obvious catalyst" would be a spike in wage and inflation data that brings back "fear of Fed." <a href="http://www.businessinsider.com/softbank-investing-880-billion-vision-fund-2017-10?r=UK&amp;IR=T">Softbank plans to massively increase the size of its Vision Fund</a>. The Japanese conglomerate plans to grow its $100 billion Vision Fund to $880 billion by establishing Vision Funds 2, 3 and 4 every two or three years, CEO Masayoshi Son told Nikkei. <a href="http://markets.businessinsider.com/news/stocks/mongodb-ipo-stock-pops-on-its-first-ever-day-of-trading-2017-10-1004919534">MongoDB soars in its trading debut</a>. The database provider priced its initial public offering at $24 a share, above the expected range of $20 to $22, and finished its first day of trading up 33% at $32.07. <a href="http://www.businessinsider.com/stitch-fix-files-ipo-2017-10">Stitch Fix files to go public</a>. The personal styling company plans to raise $100 million through an initial public offering and will trade under the ticker 'SFIX,' according to its S-1 filing with the US Securities and Exchange Commission. <a href="http://markets.businessinsider.com/indices">Stock markets around the world are higher</a>. Hong Kong's Hang Seng (+1.17%) led the gains in Asia and Britain's FTSE (+0.24%) paces the advance in Europe. The S&amp;P 500 is set to open higher by 0.23% near 2,568.<a href="http://markets.businessinsider.com/earnings-calendar">Earnings reports keep coming</a>. General Electric and Honeywell report ahead of the opening bell.<a href="http://markets.businessinsider.com/economic-calendar#date=10/20/2017&amp;name=&amp;countries=us&amp;eventtypes=&amp;tab=1,2,3">US economic data is light</a>. Existing home sales will be released at 10 a.m. ET. The US 10-year yield is up 5 basis points at 2.37%, and near levels last seen in July.

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters/Rupak De Chowdhuri</div></div></div>The rise in gold prices this year has made the metal less appealing to buyers across the world. Global gold demand slumped 10% year-on-year in Q3 to 993 tonnes, according to a quarterly report from the <a href="https://www.gold.org/supply-and-demand/gold-demand-trends/back-issues/gold-demand-trends-q3-2016">World Gold Council</a> published Tuesday. Jewelry demand fell in nearly every consumer market that the council follows, sliding 21% year-on-year in the third quarter to 493 tonnes. The drop was the biggest in two years.Meanwhile, Iran, Pakistan, Sri Lanka and Spain were the only countries where purchases rose. Demand from India, which accounts for half of global consumer demand with China, continued to fall in the third quarter, and is down 30% year-to-date. Apart from higher gold prices, stricter regulation and lower disposable income in rural areas weakened the metal's appeal in the country, according to Capital Economics' Simona Gambarini. However, the drop in gold prices in October may have encouraged stronger buying into the wedding and festival season, Gambarini said.Rising gold prices also prompted some owners to take some profits and dump their holdings by recycling. The amount of gold recycled in the third quarter jumped 30% year-on-year to 341 tonnes. Unlike retail consumers, however, investors continued to buy gold as a safe-haven asset, surrounded by political uncertainty. "The drop in jewelry consumption and central banks' purchases is somewhat worrying but temporary factors played a role," Gambarini said in a note. "Our year-end target for gold prices is $1,300 per ounce, with potential further upside in the event of a Trump win."Gold prices have gained 18% this year, and traded near $1,276.55 on Tuesday, down 0.13%. <div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="Markets Insider" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/5822224046e27ab6608b4f78-960/screen shot 2016-11-08 at 2.06.14 pm.png"></a><a href="http://markets.businessinsider.com/commodities/chart/gold-price">Markets Insider</a></div></div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://uk.businessinsider.com/gold-medals-rio-2016-olympics-brazil-paralympics-2016-7">Here's how gold medals are made for the Rio Olympics</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="pvYXB2NDE66yJrdnS48EYdgwyWSk1koZ" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Gold has become too expensive for most of the world's consumers

<div class="KonaFilter image-container display-table"><div><div class="image">REUTERS/Rupak De Chowdhuri</div></div></div>In most western nations, goods are transported on trains, ships, and trucks.
But in areas where those vehicles are less available, people and goods move from place to place by some rather creative means.
These photos reveal how people from all over the world use bikes, carts, boats, and animals in amazing ways to get themselves and their stuff where they need to go.

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