Financial Markets and Economy
The World Economy Looks a Bit Like It's the 1930s (Bloomberg)
To understand today’s global economy, look back 80 years.
U.S. Stocks Slip; Europe Markets Rebound (Wall Street Journal)
U.S. stocks edged lower Friday, while European shares rebounded as concerns about the U.K.’s referendum on membership in the European Union appeared to recede at the end of a rocky week.
There's a $6.6 trillion reason the US might be nearing a recession (Business Insider)
Talk of a recession dominated market analysts' conversations during the swoon that started 2016, but it started fading into the background after the market recovery.
Bond Traders Seek Greater Fools as Global Yields Extend Plunge (Bloomberg)
To make money in today’s bond market, keep finding the greater fool.
Housing starts fall less than expected (Business Insider)
Housing starts fell 0.3% at a seasonally adjusted annual rate of 1.16 million, a decline that was less than expected.
S&P 500 Futures Slip as Investors Speculate on Possible Brexit (Bloomberg)
U.S. stocks fluctuated, after the S&P 500 Index halted its longest losing streak since February, amid speculation on the outcome of a U.K. referendum on European Union membership.
Lumber Liquidators’ stock soars after CPSC ruling removes overhang (Market Watch)
Shares of Lumber Liquidators Holdings Inc. soared in premarket trade Friday, after the U.S. Consumer Product Safety Commission ruled that a full recall of made-in-China laminate flooring sold by the company wasn’t necessary given none of the air-quality tests found formaldehyde levels above the remediation guideline.
Forward Thinking: For Richer, For Poorer (Bloomberg)
The best and brightest should reap the rewards of their success.
St. Louis Fed's Bullard says U.S. may only need single rate hike for now (Reuters)
The U.S. economy, stuck in a slow-growth pattern that is likely to persist for the forseeable future, may need no more than a single additional rate hike for as long as 2.5 years, St. Louis Fed President James Bullard said on Wednesday.
Breaking the back of the London copper market (Bloomberg)
It's been a tough week for copper bulls.
Sell-off abates as Brexit opinion seen shifting (Reuters)
Shares, oil and bond yields rose on Friday after a tumultuous week and as campaigning for Britain's EU membership referendum next week was suspended after the killing of a pro-"Remain" politician.
Microsoft’s LinkedIn to Be Like Facebook for Careers, Gates Says (Bloomberg)
Microsoft Corp. co-founder Bill Gates said he’s enthusiastic about the company’s $26.2 billion acquisition of LinkedIn Corp., viewing it as an opportunity to build a business network for the working world like Facebook Inc. has created for social communities.
"It's Only A Matter Of Time Before Many Of Them Blow Up" – The Default Cycle Has Begun (Zero Hedge)
It's been a tough year for traders and bankers alike, as layoffs have gripped firms due to difficult trading environments and an overall sluggish economy.
Politics
Why Voters Hate Hillary Clinton and Donald Trump (The Atlantic)
America has reached the natural conclusion of the two-party system: a pair of candidates completely reviled by the other side. The winners of that booby prize, Hillary Clinton and Donald Trump, have more haters than supporters, according to the latest Washington Post / ABC News poll. Three-quarters of Democrats view Clinton favorably, while the vast majority have a negative view of Trump; the reverse holds true for Republicans (though plenty of them hate Trump, too).
Trumped by candidate's rhetoric, Republican lawmakers at a loss for words (Reuters)
The awkward efforts of Republicans to embrace their party’s standard-bearer Donald Trump looked particularly painful in Congress this week as lawmakers ducked into elevators, dashed away from reporters, ignored questions or, worse, tried to answer them.
Only days after a furor over his criticism of a Mexican-American judge, the presumptive presidential nominee sent Republicans reeling again by renewing his call for a ban on Muslim immigration after a gunman who pledged allegiance to Islamic militants killed of 49 people at a Florida nightclub.
Technology
The Apple Watch is finally showing some real signs of improvement (Business Insider)
It took over a year, but the Apple Watch is finally getting an update that matters.
This fall, Apple will release watchOS 3, the third major software update that'll bring a bunch of new features to the Apple Watch. And for the first time, the Watch will get some serious, significant improvements.
Health and Life Sciences
Scientists want to grow new neurons in old brains (Futurity)
A new technique prepares donor neural stem cells and grafts them into an older brain. The work hints at the possibility of replacing brain cells and restoring memory.
Can You Train Yourself to Need Less Sleep? (NY Times)
Many people think they can teach themselves to need less sleep, but they’re wrong, said Dr. Sigrid Veasey, a professor at the Center for Sleep and Circadian Neurobiology at the University of Pennsylvania’s Perelman School of Medicine.
Subsidised egg freezing isn’t the answer to Japan’s birth rate (New Scientist)
What should you do when you have a population that is shrinking and ageing amid a very low national birth rate? The government of the Japanese city of Urayasu thinks the answer is to pay for women to freeze their eggs.
Life on the Home Planet
Greenland Hits Record 75°F, Sets Melt Record As Globe Aims At Hottest Year (Think Progress)
Last Thursday, Greenland’s capital hit 75°F, which was hotter than New York City. This was the highest temperature ever recorded there in June — in a country covered with enough ice to raise sea levels more than 20 feet.
Earth's Heat Extends Unprecedented Streak of Shattered Records (Bloomberg)
It's no longer a question of whether 2016 will be the hottest on record, but by how much.
