Financial Markets and Economy
Wall Street banks are losing their allure (Business Insider)
Banking is still the career of choice for the majority of MBA students — but the percentage of those choosing it is dropping.
S&P 500 Futures Fluctuate as Traders Weigh Odds Before U.K. Vote (Bloomberg)
U.S. stock-index futures fluctuated between gains and losses as traders weighed the probability of the U.K. voting to remain in the European Union a day before the referendum.
Yellen May Face Tougher Crowd in House Appearance (Wall Street Journal)
Expect lawmakers to turn up the heat when Federal Reserve Chairwoman Janet Yellen returns to Capitol Hill on Wednesday for the second round of her two-day semiannual monetary policy testimony.
The hedge fund at the heart of an insider trading case is now down double digits (Business Insider)
The flagship hedge fund at Visium Asset Management, the firm at the center of an insider trading investigation, is down double digits for the year to June 17.
Renters Are Making More, And Landlords Get it All (Bloomberg)
Many tenants are keeping up with rising rents. It's the poor who are hurting.
The betting markets show just a 24% chance of a Brexit (Business Insider)
The betting odds of a Remain vote in the June 23 EU referendum continued to improve this morning — with only one day to go until the vote.
Stocks Climb With Pound Before Brexit Vote as Italian Bonds Gain (Bloomberg)
Global equities advanced and the pound strengthened toward a five-month high a day before Britons vote on membership in the European Union. Italian and Spanish government bonds rose.
Measuring Brexit Tremors in American Oil, Auto and Energy Stocks (Bloomberg)
Apprehension that Britons will vote to secede from the European Union is exerting influence great and small in disparate corners of the U.S. equity market. Heres a map to where.
Gold hovers at 2-week low ahead of Brexit vote (Market Watch)
Gold futures traded lower for a fourth session Wednesday and was headed to its lowest level in two weeks ahead of a highly anticipated referendum on the U.K.’s membership in the European Union.
Nervy global investors revisit 1930s playbook (Reuters)
Global investors are once again dusting off studies of the 1930s as fears of protectionism, nationalism and a retreat of globalization, sharpened by this week's Brexit referendum, escalate anew.
Colombia's capital markets aren't quite as strong as its soccer team (Business Insider)
Colombia advanced to the quarter final of Copa America last week, and looks like a contender for the final win, too. But in terms of its capital market development, it would get sent home in the qualifying rounds.
Yet the tide can turn quickly. If Colombia continues to implement key reforms, it can consolidate its status as one of Latin America’s top capital markets by the date of the next football tournament.
Oils Broken Link to Mexico Peso Has BNP Warning of Bond Exodus (Bloomberg)
The link between oil and the Mexican peso is weakening. That has firms like BNP Paribas SA warning the nations bond market could suffer.
When Poverty Is Profitable (The Atlantic)
America’s safety-net programs are meant to help the poorest and most vulnerable access meet their basic needs—food, medical care, and safe housing—and there’s an ongoing debate about just how robust and successful these programs are.
In his new book, The Poverty Industry: The Exploitation of America’s Most Vulnerable Citizens, Daniel L. Hatcher, suggests that the problems plaguing programs such as foster care and Medicaid are deeper and more troubling than most realize.
California’s Last Nuclear Plant to Shut, Edged Out by Renewables (Bloomberg)
Economics have achieved what environmentalists have sought for years: the shutdown of California’s nuclear power plants.
This new startup wants to bring one of the hottest types of investing to millennials (Business Insider)
There are a lot of robo-advisors out there vying for attention from millennial investors.
Politics
Can Hillary Clinton Turn Red States Blue? (The Atlantic)
Hillary Clinton wants to turn red states blue. The Democratic Party’s presumptive nominee plans to station paid staff in every state as part of her general election fight for the White House, whether the territory is friendly or hostile. If the strategy survives the election, it could strengthen the power and influence of the Democratic Party across the country.
Trump to detour from campaign to visit Scotland golf properties (Reuters)
Facing slumping poll numbers and a shakeup of his team, U.S. Republican presidential candidate Donald Trump takes a detour from the campaign trail this week to visit his golf resorts in Scotland.
Trump leaves Thursday on a three-day trip centered on the grand reopening of Trump Turnberry, which the New York businessman bought in 2014 and renovated at an estimated cost of $290 million. He will also visit his other Scottish golf property in Aberdeen.
Technology
Is Larry Page right, are we poised for a flying car revolution? (New Scientist)
It’s time to drop the cynicism. OK, flying cars may have long disappointed – they are rare, slow, expensive and hampered by the need to morph between car and plane.
But a welcome revolution is brewing in the world of personal flight that has a better chance of giving us the freedom flying cars have long promised.
Health and Life Sciences
Superbug Hunters Are Chasing Threats That Know How to Hide (Bloomberg)
The clinical microbiology laboratory at Emory University Hospital in Atlanta processes more than 800 patient specimens every day. Samples of urine or stool arrive in stacks of petri dishes, sometimes by pneumatic tube straight from operating rooms. Most of the microbes the lab's technicians investigate are familiar creatures that can be dealt with by modern medicine. But in the fall of 2013, something puzzling appeared.
MEND Protocol For Alzheimer’s Disease (Science Based Medicine)
The medical profession is currently engaged in a simmering debate about what is the best overall approach to take toward the relationship between science and health care. I would say that the current dominant model is Evidence-Based Medicine (EBM). We, of course, advocate for a number of tweaks to EBM we call Science-Based Medicine (SBM).
Life on the Home Planet
Diesels more polluting below 18C, research suggests (BBC)
Pollution from many popular diesel cars is much worse when it is colder than 18C outside, new research suggests.
Testing company Emissions Analytics told the BBC it has measured a significant rise in poisonous gas emissions from a wide range of models as the temperature drops.
Nature’s Box of Matches Will Shower Sparks Across the U.S. West (Bloomberg)
Dry thunderstorms. Think of them as just another way weather can make things miserable in the West.
In a region that has been baking under record heat, sending power and natural gas prices soaring and raising the specter of the highest gas prices in a year, the prospect of such storms popping up is also boosting the threat of wildfires.
