Financial Markets and Economy
Global markets are in chaos after UK votes to leave EU (Business Insider)
The UK has voted to leave the EU.
Brexit Upends Global Markets as Stocks, Pound Plunge; Yen Soars (Bloomberg)
Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years and European banks to their steepest losses on record.
With a British adieu to EU, it's farewell to a Fed rate hike for now (Reuters)
The U.S. Federal Reserve, already undecided on when next to raise interest rates, now has one more reason to wait: Britain's vote on Thursday to leave the European Union.
Not that the Fed needed another reason.
Global markets are getting destroyed (Business Insider)
Carnage has taken hold of the markets after Britain's vote Thursday to leave the European Union.
Metals Stocks: Brexit result sends gold futures surging past $1,300 (Market Watch)
Gold prices surged in electronic trade early Friday morning, surging past $1,300 an ounce after early reports pointed to the U.K. exiting the European Union after a historic referendum.
S&P says Britain's 'AAA' credit rating untenable after Brexit vote (Reuters)
Ratings agency Standard and Poor's said Britain's top-notch "AAA" credit rating is no longer tenable after voters opted to leave the European Union, the Financial Times reported on Friday.
"We think that a AAA-rating is untenable under the circumstances," Moritz Kraemer, chief ratings officer for S&P, told the FT.
Aso Says Japan Is Ready to Take Action as Yen Surges on Brexit (Bloomberg)
Japanese authorities voiced growing concern at the yen’s surge as the U.K. voted to leave the European Union, with Finance Minister Taro Aso saying he’s ready to act in markets if needed.
U.S. Fear Index Surges 52% After U.K. Votes to Leave EU (Bloomberg)
U.S. equity investors will wake up to face the most turbulent day since last August’s market slump. The Chicago Board Options Exchange Volatility Index jumped as much as 52 percent in the early hours of trading after Britons voted to leave the European Union. As of 6:18 a.m. in New York, the VIX was 39 percent higher.
World currencies are tanking on Brexit, but bitcoin is surging (Quartz)
Global currency markets are a sea of red in the wake of this morning’s shock Brexit news. The pound is down 6.44% against the euro and weakened 10% against the dollar. But one currency–or more accurately, cryptocurrency–is surging: Bitcoin is up 7% in the last seven hours of trading, adding gains to a rally that started as the UK went to the polls yesterday (June 23).
Key Brexit Question: Is Cameron the Biggest Liar in History? (Mish Talk)
Please recall that Prime Minister David Cameron repeatedly stated there will be no second vote.
Politics
Sanders tells MSNBC he will vote for Clinton in November (Market Watch)
Asked directly on the MSNBC program “Morning Joe” early Friday whether he would vote for Hillary Clinton, her pitched rival in the Democratic primaries, Sen. Bernie Sanders of Vermont, said he would.
“Yes,” he said. “I’m going to do everything I can to defeat Donald Trump.” The “cornerstone” of the presumptive Republican presidential nominee’s campaign, Sanders said, has been bigotry.
The GOP’s medieval politics: America’s crisis is much bigger than Donald Trump (Salon)
As incendiary and dangerous as he is — and he is very dangerous — and as much of a main event as he has been in this election season, Donald Trump is largely a distraction from what really ails our political discourse. Long after he is gone from the scene, the Republican Party that engendered him, facilitated him, and now supports him — despite a severe case of buyer’s remorse — will no doubt still thrive, booting up for a future candidacy of Ted Cruz or Marco Rubio or Paul Ryan.
Democrats Protested in the Wrong Chamber (The Atlantic)
Speaking on Thursday to reporters, some 90 minutes after the Supreme Court deadlocked on its ruling over his executive actions on immigration, President Obama offered this assessment: “The Court’s inability to reach a decision is a very clear reminder of why it’s so important for the court to have a full bench.”
Technology
There is a New World's Fastest Supercomputer…and it is all Chinese (Popular Science)
For three years, China had the world's fastest supercomputer, the Tianhe 2. But now there's a new supercomputer, three times as powerful, but using even less power.
Save the driver or pedestrian? Such robot car dilemmas are folly (New Scientist)
A car is driving when suddenly everything changes. The choice is stark – plough ahead into a pedestrian or swerve and slam into a wall. It’s a nightmare scenario. Who should die, passenger or pedestrian?
This is the kind of dilemma that is being increasingly considered as machines arrive that will take split-second decisions for us. Autonomous vehicles are of particular concern to many people.
Machines that Talk to Us May Soon Sense Our Feelings, Too (Scientific American)
After great promise in the 1960s that machines would soon think like humans, progress stalled for decades. Only in the past 10 years or so has research picked up, and now there are several popular products on the market that do a decent job of at least recognizing spoken speech.
Health and Life Sciences
Ginger and acupressure 'options for morning sickness' (BBC)
It's guidance suggests these therapies could offer alternatives to women who want to avoid medication.
But it says anti-sickness drugs and hospital treatment are important in more severe cases.
Relationship quality tied to good health for young adults (Phys)
For young people entering adulthood, high-quality relationships are associated with better physical and mental health, according to the results of a study by a University at Buffalo-led research team.
"Health benefits begin to accrue relatively quickly with high-quality relationships and supportive contexts," says Ashley Barr, assistant professor in UB's Department of Sociology in the College of Arts and Sciences.
Life on the Home Planet
Who needs water? Dry volcanic vents more alive than wet soil (New Scientist)
Microbes sampled from the Earth’s highest known geothermal vents suggest that when it comes to life in the universe, it’s not just water that counts.
“Water is necessary, but to what level?” says Adam Solon of the University of Colorado at Boulder. “If you find liquid water on another planet, to what extent is that important, or are other factors crucial?”
