Financial Markets and Economy
Yellen Faces Rate Dilemma as U.S. Economy Runs Short of Workers (Bloomberg)
Kelly Services Inc. executive George Corona started noticing the change about six months ago. The $5.5 billion staffing company was finding it tougher to come up with workers to fill beginner positions at warehouses and call centers run by its clients.
Futures tread lower for fourth day; Fed meet awaited (Reuters)
U.S. stock index futures were lower for the fourth straight day as investors braced for the Federal Reserve's policy meeting and a referendum on Britain's European Union membership.
The Federal Open Market Committee (FOMC) will commence its two-day meeting on Tuesday to decide whether the U.S. economy has recovered enough to be able to absorb an interest rate hike.
Inflation is getting out of control in Africa's largest economy (Business Insider)
Africa's largest economy is failing to keep inflation under control.
Nigeria's inflation accelerated to 15.6% in May, up from 13.7% in the previous month, according to the National Bureau of Statistics.
Global Stock Selloff Deepens as Investors Seek Safer Assets (Wall Street Journal)
A selloff in global stocks deepened Tuesday while the German 10-year bund yield turned negative for the first time on record as uncertainty about central bank policy, the global economy and next week’s U.K. vote on European Union membership continued to propel investors toward assets perceived as safe.
U.K. Moves Closer to Brexit as The Sun Backs ‘Leave’ Vote (Bloomberg)
Four polls put the “Leave” campaign ahead of “Remain” as The Sun newspaper came out in favor of Britain quitting the European Union, sending stocks and the pound down.
MSCI Is About to Make Its Big Call on Worlds Worst Stock Market (Bloomberg)
Index-tracking global investors are about to find out whether they will be compelled to start buying shares in the worlds worst-performing stock market.
Gold slips but still underpinned by ‘safety’ buying throughout global markets (Market Watch)
Gold futures pulled back a touch on Tuesday but bullish sentiment kept the metal pinned near five-week highs, a level reached as investors sought relative safety ahead of next week’s “Brexit” referendum and a tandem of closely watched central bank meetings.
The pound is diving — again (Business Insider)
The British pound is getting slammed.
Oil falls as Brexit threat rattles markets (Reuters)
Oil fell on Tuesday, as investor nervousness over next week's vote on Britain's possible European Union exit swept financial markets, eclipsing signs of a return to health for crude prices.
Yen Boosted by Haven Bid as Brexit, Central Bank Risks Converge (Bloomberg)
The yen approached its strongest level since October 2014 as investors sought safer assets in a week of central bank decisions and as the likelihood of the U.K. quitting the European Union grew.
Import prices rise in May at fastest rate in 4 years (Market Watch)
The cost of imported goods leaped 1.4% in May — the biggest increase in four years — largely because of a rebound in oil prices from multi-year lows.
A 17.4% increase in the cost of petroleum pushed import prices up in May for the third straight month, the government said Tuesday. That last time import prices rose three months in a row was in early 2014.
Retail sales rise more than expected (Business Insider)
Retail sales rose 0.5% in May, according to the Census Bureau.
German 10-Year Government Bond Yields Dip Below Zero for First Time (Wall Street Journal)
Yields on the 10-year government debt of Germany dipped below zero on Tuesday for the first time on record, in a dramatic sign of the outsize effect of central-bank policy and investors’ search for safe havens.
Microsoft to Acquire LinkedIn for $26.2 Billion (Wall Street Journal)
Microsoft Corp. snapped up LinkedIn Corp. for $26.2 billion in the largest acquisition in its history, betting the professional social network can rev up the tech titan’s software offerings despite recent struggles by both companies.
U.K.’s Upstart Lenders Face Brexit Shock in First Downturn (Bloomberg)
Investors contemplating how London could look outside the European Union have already identified some potential victims: fast-growing British lenders that might have to face their first economic downturn as public companies.
Giant Wildfire Is No Longer the Canadian Oil Industry's Biggest Problem (Bloomberg)
Harbir Chhina helped develop the game-changing steam technology that allowed companies to tap the world’s third-largest reserves in Canada’s oil sands. It was a moonshot that paid off.
Politics
Clinton and Sanders to meet as DC marks the final primary (AP)
Hillary Clinton and Bernie Sanders are ending the primary calendar with a face-to-face meeting on Tuesday that could set the tone for Democratic unity and next month's party convention in Philadelphia.
Trump Faces New Challenges Testing Terror Playbook Against Clinton (Bloomberg Politics)
Donald Trump rode to the top of the Republican presidential field by projecting an image of strength. He had the harshest words on immigration, anti-terrorism proposals that provoked outrage, and a hair-trigger campaign style that invited new controversies to move past old ones.
Why Hillary Has Never Apologized for Welfare Reform (The Atlantic)
This year marks the 20th anniversary of Bill Clinton’s welfare reform. It also coincides with Hillary Clinton’s second run at the White House. The overlap has more meaning than mere chance. Hillary’s decision to support and whip votes for the Personal Responsibility and Work Opportunity Act was a crucial turning point in her career. It was when she transformed into the politician she is today.
Technology
Control The Devices In Your Home By Drawing (PSFK)
Though the Internet of Things is meant to put incongruent devices in conversation with one another, the way it exists right now is anything but harmonious. Though the smartphone is our go-to method for controlling the smarthouse in its entirety, turning on the lights versus unlocking the door means navigating between the apps responsible for their respective element. As such, the interface is still chaotic, cluttered and counterintuitive.
Health and Life Sciences
Vitamin Deficiencies Common in Young Migraine Sufferers (Medicine Net Daily)
Many young people who suffer from migraines have vitamin deficiencies, new research finds.
"Further studies are needed to elucidate whether vitamin supplementation is effective in migraine patients in general, and whether patients with mild deficiency are more likely to benefit from supplementation," said lead study author Dr. Suzanne Hagler in a Cincinnati Children's Hospital Medical Center news release. She is a headache medicine fellow in the hospital's division of neurology.
Life on the Home Planet
Muslim leaders condemn Florida massacre, brace for backlash (Reuters)
On Sunday, June 5, hundreds crowded into a Louisville, Kentucky mosque to celebrate the life of boxer Muhammad Ali in an interfaith service. Dr. Muhammad Babar began the service with a poem: “You were the true face of faith,” he read.
Human flesh found in stomach of bear shot after fatal attacks (New Scientist)
An Asiatic black bear shot in Japan had human tissue in its gut. The bear was shot by hunters near the site of the fourth fatal bear attack to occur in the Akita prefecture in the last three weeks.
While the Asiatic black bear has a similar lifestyle to the American black bear, it is significantly more aggressive, says David Garshelis, co-chair of the IUCN Bear Specialist Group. Bear attacks are common in this area of Japan, but they rarely result in people being killed as prey.
