Financial Markets and Economy
Stock index futures point to lower open (Business Insider)
U.S. stock index futures were lower in early trading, indicating Wall Street may open with losses on Monday, the first trading day after the worst mass shooting in U.S. history.
Five Questions for Janet Yellen (Bloomberg)
Next week's meeting of the Federal Open Market Committee (FOMC) includes a press conference with Chair Janet Yellen. These are five questions I would ask if I had the opportunity to do so in light of recent events.
Economics Struggles to Cope With Reality (Bloomberg View)
There are basically four different activities that all go by the name of macroeconomics. But they actually have relatively little to do with each other. Understanding the differences between them is helpful for understanding why debates about the business cycle tend to be so confused.
Here's how much of the population is considered high-income in 19 major US cities — and what they earn (Business Insider)
According to the Pew Research Center, the middle class is shrinking — and as a result, the upper class in growing.
The housing market is trapped (Business Insider)
The housing market is in a pickle.
Credit card debt could hit $1 trillion by the end of 2016 (Market Watch)
With the economy improving and driving up consumer confidence, many people are spending more but shirking basic responsibilities like paying their credit card bills. If things continue at this rate, U.S. households will accumulate $1 trillion in outstanding debt by the end of 2016, the most ever, according to a study by credit card search and comparison website, CardHub. But some experts say it isn’t yet a worrisome trend.
Something unexpected is happening at Chipotle (Business Insider)
If you've recently found yourself battling lines at your local Chipotle, you aren't alone.
Saudi Seeks International Investors for Two Solar Plants (Fortune)
Saudi Arabia is seeking international investors to build two solar power plants, using a deal structure that could become a model for the kingdom’s infrastructure projects as low oil prices pressure the government’s finances.
Hedge Fund Managers Work to Stanch Loss of Investors (NY Times)
As funds continue to falter, some managers are negotiating with investors to retain them, and offering newcomers terms that were once just for longtime clients.
Sotheby’s Is Paying Buyers to Bid on Its Artwork (Bloomberg)
Sotheby’s was in a bind. The auction house had won several top consignments for its bellwether spring auction, including a Jean-Michel Basquiat that sold for $7.4 million four years ago, by guaranteeing the sellers minimum prices.
Euro, pound fall to lowest level vs yen since 2013 (Business Insider)
The British pound and the euro fell to their lowest level since 2013 against the yen on worries a UK referendum later this month could pull Britain out of the European Union, possibly disrupting European political and economic affairs.
Brexit vote is about the supremacy of Parliament and nothing else: Why I am voting to leave the EU (Telegraph)
With sadness and tortured by doubts, I will cast my vote as an ordinary citizen for withdrawal from the European Union.
Let there be no illusion about the trauma of Brexit.
How Capital is Allocated in 2016 (Economic Prism)
Distilling down and projecting out the economy’s limitless spectrum of interrelationships is near impossible to do with any regular accuracy. The inputs are too vast. The relationships are too erratic.
Succeeding As Your Own Trading Coach (Trader Feed)
Landry's quote is a great one. What it really says is that reaching our potential means that we have to face uncomfortable truths. If what made us comfortable was what made us great, everyone would be a super achiever. Sadly, that's not the case.
Bitcoin Spikes Above $600 – 2 Year Highs – On Sudden Massive Chinese Buying (Zero Hedge)
Once again, on a Saturday night (US time), Sunday morning (China) a sudden burst of buying pressure in Bitcoin, driven by Chinese buyers, has spiked the virtual currency higher on dramatic volume. With Bitcoin now trading at its highest level since May 2014 (in Yuan), and up 250% since we first suggested this an outlet for desperate-to-leave capital outflows in September, we note that the 'arbitrage' of over 150 Yuan points to massively more demand from Chinese buyers for now.
Politics
Republican Incumbents Hope to Survive the Trump Effect (Bloomberg View)
Republican candidates have a model to emulate as they struggle with growing concerns that Donald Trump could drag down the party in November: the late Muhammad Ali and his famous "rope-a-dope."
Technology
3 must-see Lenovo devices you can't buy yet (CNet)
Lenovo has a few ideas about how the future should look: phones that wrap around your wrist like a slap bracelet, light-up shoes that track your calories and modular phones accessories so brilliant they're worth $1 million.
Raytheon’s New Material Could Oust Silicon in the Next Generation of Chips (Fortune)
In a fascinating new report, Ars Technica finds that a material originally developed for military radar chips—gallium nitride, or GaN—could lead to significant evolution in consumer computing products like Wi-Fi routers, solar panels, and processors. Like the silicon at the heart of most of today’s chips, GaN is a signal-carrying semiconductor—but chips built with it are potentially smaller, faster, more efficient, and more durable than those based on silicon.
Health and Life Sciences
Middle-Age Fitness Helps Ward Off Stroke Later (Medicine Net Daily)
Physical fitness in middle age may lower your risk of stroke after 65, a new study finds.
"It is becoming increasingly clear that healthy mid-life behaviors pay off as we age, and lower our risk of cardiovascular disease and stroke," said Dr. Ralph Sacco, chairman of neurology at the University of Miami Miller School of Medicine. He was not involved in the study.
Life on the Home Planet
Gunman in Orlando pledged allegiance to ISIS; at least 50 killed in shooting rampage at gay club (Washington Post)
The gunman who opened fire inside a crowded nightclub here early Sunday morning, launching a rampage that killed 50 people and injured 53 others in the deadliest shooting spree in the country’s history, had pledged allegiance to the Islamic State, according to U.S. law enforcement officials.
Explosion injures 5 at Shanghai airport (Market Watch)
At least five people were hurt Sunday during a small-scale attack in front of check-in counters at Shanghai’s primary international airport, which police blamed on a man who tossed an explosive made from a beer bottle.
