Financial Markets and Economy
These 4 charts show how markets are being held hostage by Brexit fears (Market Watch)
Financial markets have been on a roller-coaster ride in recent weeks — and four new charts show just how they have been trading at the mercy of the newest Brexit polls and betting odds.
The Fed Gets an Attitude Adjustment (Bloomberg)
One of the officials responsible for setting interest rates at the U.S. Federal Reserve — St. Louis Fed President James Bullard — has signaled a big change: Previously an outspoken advocate for raising rates aggressively, he now thinks the economy is so weak that a mere quarter-percentage-point increase would be enough for the foreseeable future.
Private equity is hoarding $971 billion — here's where they're going to spend it (Business Insider)
The oil market is wobbling, and that spells good news for private equity firms.
How a central bank move wiped out 40% of a currency’s value, in one chart (Market Watch)
The economy of oil-rich Nigeria has been hammered by the crash in crude prices that began two years ago.
Inside the Corporate Spending Gap (Bloomberg Gadfly)
What do companies do when profits sag? They often put off major capital expenditures — but that can set off a vicious cycle, with weaker capex possibly generating weaker earnings, and so on, and so on, and so on.
Boom May Be at Risk for Australian Apartment Developers (Bloomberg)
Two of Australia’s largest developers, Mirvac Group and Lendlease Group, have enjoyed surging sales as demand from investors has been buoyant.
The pound just broke a new high for 2016 (Business Insider)
The pound is has hit its highest level against the dollar since late 2015 as traders react to signs the UK is likely to vote to stay in the European Union.
The Brexit gold bet could be the smartest, or the dumbest, ever (Market Watch)
The “who’s-afraid-of-the-big-bad-Brexit?” mood that drove global markets higher yesterday may still have some life in it yet. Global stocks are rising this morning.
The Netherlands' Upcoming Money-for-Nothing Experiment (The Atlantic)
In medieval myth, Cockaigne was a land of plenty, where work was outlawed, houses were made of pie and sausages, rivers of wine flowed, and ready-roasted geese and grilled fish followed villagers around, eager to be eaten. To the poor of the Middle Ages, according to the Dutch historian Herman Pleij, Cockaigne was a well-known paradise, a fantastical escape from the harshness of everyday life.
What Is $11 Billion in Russian Oil Really Worth? (Bloomberg Gadfly)
Autocratic regime seeks willing buyers of minority stake in national oil champion.
Hong Kong Billionaire Li Has Much at Stake in Brexit Vote (Bloomberg)
Starting in Hong Kong decades ago, Li Ka-shing has gone on to build a global business empire that, with his telecom holdings, make him one of the largest investors in the U.K. Li spoke with Bloomberg Television’s Angie Lau in a wide-ranging interview, and stepped up his calls for Britons to vote in favor of staying in the European Union.
Oil prices fall for first time in three days (Business Insider)
Oil prices fell in early Asian trade after a strong two-day rally that was fed by easing concerns Britain would leave the European Union after a referendum this week, allowing market participants to focus on supply issues.
Saudi Arabia's crude oil exports also dropped despite high production levels, suggesting demand remains in a deficit to supply.
EL-ERIAN: We need a 'Sputnik moment' or 'something really bad is going to happen' (Business Insider)
Something needs to get done to help fix the economy, and according to Mohamed El-Erian, Allianz's chief economic advisor, it's going to take a huge spark to get that to happen.
El-Erian has been of the opinion that the world is stuck in a low-growth environment. Whether you call it secular stagnation or a new normal or some other name, there's no denying the sluggish global economy since the financial crisis that seems to have no end in sight.
Politics
Trump doubles monthly campaign fundraising, lags Clinton (Reuters)
Republican presidential hopeful Donald Trump’s campaign raised $3.1 million from donors in May, more than doubling previous monthly hauls as he began soliciting donations to battle Democratic rival Hillary Clinton.
But with spending that outpaced inflows, the New York real estate magnate's campaign began June with just $1.29 million in cash, putting it well-behind Clinton's $42 million war chest, according to federal disclosures filed late on Monday.
Technology
Lobby Transformed Into An Interactive Kaleidoscopic Space (PSFK)
In New York City, the building at 605 3rd Avenue is redefining what a lobby should look like. Rockwell Group undertook a renovation project commissioned by the Fisher Brothers, turning a lobby into a transformative space while fusing art and technology to create a special experience for passersby and tenants alike. The lobby, therefore, is an accurate reflection of the design theme ‘kaleidoscope.’
A huge team of Apple veterans is now making smart accessories for your car (The Verge)
For a while now there have been rumors that Apple is working on a car. The company still hasn't publicly acknowledged this project, but a startup coming out of stealth today provides a nice taste of how a car might look and feel if it was built by Apple. That's because the startup employs about 50 former Apple employees who spent decades working on some of Cupertino's most iconic devices.
Health and Life Sciences
The ROCA Screening Test for Ovarian Cancer: Not Ready for Prime Time (Science Based Medicine)
Ovarian cancer is relatively rare but deadly. The lifetime risk of ovarian cancer is 1.5% compared to 12% for breast cancer, but it is the 5th most common cause of cancer death for women. Since the ovaries are hidden deep in the pelvis and the symptoms of ovarian cancer are non-specific, the cancer is often advanced by the time it is diagnosed and survival rates are low.
The Brains of Flint's Children, Imperiled by Lead, Could Still Escape Damage (Scientific American)
Parents around the country have voiced alarm since the 2015 revelations of staggeringly high lead levels in the drinking water of Flint, Mich., and more recent reports of spikes in other cities and states. It is easy to understand why people are upset. “Children are particularly vulnerable to the neurotoxic effects of lead,” states the World Health Organization on its Web site. It goes on: “Even relatively low levels of exposure can cause serious and in some cases irreversible neurological damage.” After learning that Flint's water was tainted, some medical professionals have said the lead would permanently harm young brains and possibly other organs. Personal injury attorneys, pressing lawsuits, use phrases such as “irreparable damage” and “lead poisoning.”
Life on the Home Planet
U.S. and China may take biggest hit from invasive species (Futurity)
A recent study that examined the global problem of invasive species finds the US and China are the most likely sources—and face the biggest potential losses, along with Brazil and India.
Globally, those loses could reach billions of dollars, experts warn.
When monkeys lose friend they grieve for hours (BBC)
When Thomas the orphaned chimpanzee died, his companion Pan appeared to grieve for him. And Pan was not the only one.
