Financial Markets and Economy
Here's every stock market crash in the past 60 years (Business Insider)
Stock market crashes are sudden, scary, and surprisingly common.
The Epicenter of America’s Oil Bust Is Drawing Buyers (Wall Street Journal)
The vultures are descending on North Dakota.
World stocks struggle to build on highs as Europe weighs (Reuters)
World stocks struggled to build on six-week highs on Wednesday after mixed Chinese data, weighed down by a weaker session in Europe and political concerns that sent Germany's 10-year government bond yield to a record low.
European shares fell on Wednesday, with the pan-European FTSEurofirst 300 index down by 0.4 percent by 1044 GMT, after two days of gains pushed the index to a one-month high.
Gold touches 3-week high as rate-hike fears subside, dollar weakens (Market Watch)
Gold futures climbed Wednesday, touching their highest level in three weeks as the U.S. dollar weakened and fears of an interest-rate rise, which might diminish the appeal of the metal, continued to fade.
Wall Street is waking up to a $35.3 trillion opportunity (Business Insider)
Millennials are a force to be reckoned with.
How to play the asset that will leave stocks in its dust (Market Watch)
The sounds of records can be heard breaking all over markets right now, with the S&P 500, oil prices, and European government bonds all shaking up what are hardly lazy summer days.
How to Get That Affluent Feeling (Bloomberg)
People have strong opinions about what constitutes affluence. Last week I ventured that U.S. households with six-figure incomes generally make the cut, given that they make up the top quarter of the income distribution. I heard back from lots of readers who disagreed, and lots who agreed. It seems like a topic worthy of further consideration.
ECB Keeps Buying and Buying, Sending Assets to New Peak (Bloomberg)
The European Central Bank is about to break its own record for total assets on the balance sheet after 20 months of buying bonds in a bid to revive the region’s economy.
Stock futures little changed after S&P closes at 11-month high (Business Insider)
U.S. stock index futures were little changed on Wednesday, a day after the S&P closed at a near 11-month high, as oil prices rose for the third straight day and investor worries of an immediate interest rate hike eased.
Amazon Plans $3 Billion Investment in India (Wall Street Journal)
Amazon.com Inc. plans to invest an additional $3 billion into India, which is emerging as a critical area of growth for the e-commerce giant.
Oil hits eight-month high on disruptions, Chinese demand (Reuters)
Oil prices jumped to their highest level in eight months on Wednesday, rising for a third consecutive session on supply disruptions in Nigeria and strong Chinese demand data.
Dark Days at the Folly as Nomura Traders Join Europe’s Jobless (Bloomberg)
They made their way in dribs and drabs. Hundreds of displaced bankers, shuffling up Suffolk Lane to All Bar One and along Upper Thames Street toward the Folly, the only pubs in the City of London open that early on an overcast Tuesday morning.
China May exports fall 4.1 percent, but imports beat expectations (Reuters)
China's exports fell more than expected in May as global demand remained stubbornly weak, but imports beat forecasts, adding to hopes that the economy may be stabilising.
Yahoo Lines Up Bids for About 3,000 Patents (Wall Street Journal)
Yahoo Inc. has kicked off an auction for a portfolio of about 3,000 patents expected to fetch more than $1 billion, according to people familiar with the matter.
Politics
DNC avoids calling Clinton presumptive nominee (The Hill)
The Democratic National Committee has not labeled Hillary Clinton as the party's presumptive nominee despite recognition from the president, a state party and the media that she has amassed enough delegates to secure the presidential nomination. DNC Chairwoman Debbie Wasserman Schultz, who has had to walk a fine line as Bernie Sanders' campaign has called for her head, released a statement Tuesday night that didn't address either candidate by name.
Hillary Clinton Set for Democratic Nomination After Primary Wins (Wall Street Journal)
Hillary Clinton declared victory Tuesday night in the Democratic presidential primary race, emerging from a bruising battle as the first woman within striking distance of the Oval Office.
Trump, With TelePrompter Assist, Tries to Turn the Page on Curiel (Bloomberg)
Rarely straying from the pre-written text scrolling on two TelePrompters, a relatively reserved Donald Trump vowed to embrace his status as his party's standard-bearer—even as skepticism mounted from Republicans about what his leadership would entail.
Technology
Passenger-carrying drone gets symbolic approval for test flights in Nevada (The Verge)
Chinese company Ehang caught our eye at CES earlier year, with the firm unveiling an autonomous quadcopter prototype it said was capable of ferrying human passengers without a pilot. We were wary of these unproven claims, but Ehang is obviously forging ahead with the vehicle. The company recently reached an agreement with Nevada's governor's office to develop the Ehang 184 at the state's FAA-approved UAV test site.
This Device Transforms Your Desk Into A Place To Take A Nap At Work (Fast Company)
We've all caught a secret nap at the office. Now you can do it proudly, right at your desk.
As an architecture student pulling all-nighters at his studio, Sharon Liverant often fell asleep on his drawing board. Later, as an intern, he took quick naps at his desk at lunch.
Health and Life Sciences
Is Sugar Really Bad for You? It Depends (NY Times)
The federal government’s decision to update food labels last month marked a sea change for consumers: For the first time, beginning in 2018, nutrition labels will be required to list a breakdown of both the total sugars and the added sugars in packaged foods. But is sugar really that bad for you? And is the sugar added to foods really more harmful than the sugars found naturally in foods?
Will Humans One Day Regenerate Lost Limbs And Diseased Organs? (Forbes)
Growing a new body part comes naturally if you happen to be a starfish, salamander or certain kinds of lizard. Humans also have limited regenerative powers. For instance, the liver can regenerate itself after much of it has been surgical removed; the tips of injured fingers and toes can grow back under certain conditions; and our largest organ, the skin, regenerates itself roughly every month.
Life on the Home Planet
Global origins of local food favourites (BBC)
taly's tomatoes and Thailand's potent chillies, although closely associated with these nations, originate from elsewhere, a study shows.
The assessment of more that 150 key food crops shows how agriculture and diets rely on crops from other regions.
Russia deploys troops westward as standoff with NATO deepens (Reuters)
Russia is building an army base near its border with Ukraine, the latest in a chain of new military sites along what the Kremlin sees as its frontline in a growing confrontation with NATO.
While there have been no clashes between the former Cold War rivals, Russia is building up forces on its western frontiers at a time when the NATO alliance is staging major military exercises and increasing deployments on its eastern flank.
