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Robinhood’s big hack

Evening Briefing
Bloomberg

Almost 2,000 Robinhood Markets accounts were compromised in a recent hacking spree that siphoned off customer funds, a sign that the attacks were more widespread than was previously known. When Bloomberg first reported on the hacks last week, the popular online brokerage disclosed few details. It said "a limited number" of customers had been struck by cyber-criminals. —David E. Rovella

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Here are today's top stories

Mortgage rates in the U.S. have hit another record low. The average for a 30-year, fixed loan dropped to 2.81%, down from 2.87% last week and the lowest in almost 50 years of data-keeping. It was the 10th record low this year

Applications for unemployment benefits unexpectedly jumped last week to the highest since August. Americans are increasingly moving to longer-term jobless aid as millions remain out of work. Both are troubling signs for a labor market whose recovery from the pandemic was already slowing. Stocks pared losses after equities slumped earlier in the day.

Not everyone in Moscow is mourning the ruble's 20% plunge against the dollar this year. The government minister in charge of getting companies to keep production at home thinks it's "awesome."

Democratic vice presidential nominee Kamala Harris canceled her travel plans through Monday after her communications director and a member of her flight crew tested positive for Covid-19. Globally, confirmed coronavirus cases have passed 38.5 million with deaths exceeding 1.09 million. London and Paris are clamping down as Europe hits virus records. And the U.S., which continues to lead the world in both infections (approaching 8 million) and deaths (217,000), is witnessing a third peak following the spring and summer waves. Here is the latest on the pandemic.

Senate Majority Leader Mitch McConnell said U.S. Circuit Judge Amy Coney Barrett—who has largely refused to answer questions posed by Democrats on key precedents—has enough support to win Supreme Court confirmation. McConnell said he expects to bring her unprecedented, election-eve nomination to the Senate floor Oct. 23. If his plan holds, Barrett would be on the high court in time to hear arguments in a case that could undo the Affordable Care Act, a law which she has opposed. Barrett could also rule on any litigation over the presidential election itself. U.S. President Donald Trump has tied her nomination to that potential scenario.

In the months since federal paramilitaries appeared on the streets of Portland, Oregon, during racial justice protests, Trump has repeatedly threatened to send the heavily armed agents to so-called Democrat cities and even deploy them to polling places during the election. Now, a new lawsuit filed by the cities of Oakland, California, and Portland allege the deployments violated federal law and the Constitution. The litigation comes as new questions are raised as to whether Trump administration agents and local police even tried to arrest a suspect in the shooting death of a far-right protestor before killing him in a hail of bullets.

Michael Reinoehl, right, during a protest on Aug. 28 in Portland, Oregon. Reinoehl, who was suspected in the fatal shooting of a far-right group demonstrator during a street confrontation, was shot dead by federal agents and local police on Sept. 3.

Photographer: Beth Nakamura/The Oregonian

The Trump administration is being accused by environmental groups of ignoring the orders of a federal appeals court as it continues to spend Pentagon money to blast and bulldoze land in Arizona and California for its new border wall.

What you'll need to know tomorrow

What you'll want to read tonight in Businessweek

Royal Enfield Is Coming After Harley Davidson

Royal Enfield's success in bringing bike culture to India's millennial and Gen Z motorcyclists has begun to turn heads outside the country. Sales are rising sharply in markets including Brazil and Indonesia, places where bikes have traditionally been viewed as utilitarian tools for transport, not expressions of personal style. The company is now making a high-stakes bet on the U.S. and Europe, where producers such as Harley-Davidson and Indian Motorcycle have been struggling for more than a decade to expand sales to younger consumers.

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