Financial Markets and Economy
Kiss Your Domestic Bias Goodbye, Central Bankers of the World (Bloomberg)
In a globalized world, managing domestic economic conditions requires having one eye focused abroad.
European Cities Battle for London’s Finance Crown After Brexit Vote (Wall Street Journal)
European cities are closing in on London’s wounded financial hub.
All of a sudden, US companies are getting a lot more optimistic (Business Insider)
US companies have seen their profits take hit after hit for the last three quarters. In fact, the corporate sector has been in an earnings recession for some time.
Big Commodity, Bond Gains Crush Currencies, Stocks in First Half (Bloomberg)
If you entered this year betting on government bonds, commodities and emerging-market stocks, congratulations. If you put your cash into managed currency funds and European equities, condolences.
Brexit? More like Brexwhat! U.S. stocks just declared independence from fear (Market Watch)
Just in time for the July 4th weekend, U.S. stocks are showing their independence from Britain and its Brexit-related woes.
Four days and counting: The stock market rally continues (Business Insider)
European stocks are extending their rally into a fourth day as investors continue to shrug off the initial shock of Britain's vote to leave the European Union.
Treasury Yield Nears Record Low (Wall Street Journal)
Global stocks were steady at the start of the third quarter while government bond yields touched record lows amid expectations that central banks would remain supportive following the U.K.’s vote to exit the European Union.
U.S. shale oil's Achilles heel shows signs of mending (Business Insider)
Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells.
Gold heads for fifth weekly gain, silver jumps to 22-month high (Reuters)
Gold rose on Friday and was headed for its fifth straight weekly gain, boosted by a weaker dollar as the safe-haven asset continued to be in demand despite an increase in risk appetite post the Brexit vote.
Bond yields sink as central banks head for easier policy (Reuters)
The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years.
Top ECB economist says Brexit could slow eurozone economy (Market Watch)
The European Central Bank's top economist warned on Friday that Britain's vote to leave the European Union could reverse recent improvements in the euro-area economy, and called for swift action toward a post-referendum road map.
Spain Runs Out of Workers With Almost 5 Million Unemployed (Bloomberg)
Spanish headhunter Samuel Pimentel just can’t find the candidates.
World Biggest Pension Fund Seen Losing $43 Billion Last Quarter (Bloomberg)
Losses for the world’s biggest pension fund likely deepened in the quarter just ended, extending what may be its worst annual loss since the global financial crisis, brokerage estimates showed.
Post-Brexit, the Real Risk Is Europe Could Fail (Bloomberg View)
While the short-term economic consequences of Brexit are not to be dismissed, it is the impending failure of the European project that should provoke the bigger sense of concern. The EU's two biggest achievements since the establishment of the single market — the euro and border-free travel — are both under threat. These implosions would be a magnitude more painful than the British vote.
Pound weakens on rate-cut expectations; yen turns higher (Market Watch)
The British pound fell against the U.S. dollar Friday, still under pressure amid expectations U.K. monetary policy will be eased again.
Hedge Funds Set for Worst First Half Since ’11 on Turmoil (Bloomberg)
The first six months of the year is turning out to be a period hedge fund managers want to forget.
One bleak chart shows how awful the next few years will be for the British economy (Business Insider)
Exactly one week ago, Britain voted to leave the European Union and, as predicted, chaos ensued in the markets.
Politics
Here’s the growing list of big-name Republicans supporting Hillary Clinton (Washington Post)
Richard Armitage, Henry Paulson, Brent Scowcroft. Three big-name former George W. Bush administration officials in the past two weeks have announced that they are supporting Hillary Clinton in 2016 — all because Donald Trump is simply a bridge too far for them.
Roll Call's Senate Challenger Rankings (Roll Call)
In close races, the quality of the candidates can make all the difference. And with a few notable exceptions, most incumbents equip themselves well with strong fundraising, good campaigns, and a message tailored victory.
GOP National-Security Experts Are #ReadyForHer (The Daily Beast)
The backbone of the Republican Party national security establishment openly opposed Donald Trump for months before he was the GOP nominee, and his newfound status has done nothing to change their minds.
Technology
LEGO-like Smartphones Slowly Snapping into Place (Scientific American)
Tossing the old smartphone and buying a new one every couple of years has become a wasteful but inescapable ritual for many. Nearly two thirds of U.S. adults own a smartphone, according to Pew Research Center, and we dispose of about 130 million of them each year.
This Device Surrounds You In A Bubble Of Clean Air (Fast Company)
You don't have to purify all the air—just the air around your head.
A decade ago, on flights to visit his family in Beijing while he was an engineering student at MIT, Raymond Wu started to think about the increasingly filthy air in the city. "My parents, my grandparents, were all breathing this not-so-good air," he says. "I could definitely tell that their health wasn't good as a result."
Health and Life Sciences
Virtual reality lets you stroll around a breast cancer cell (New Scientist)
I feel like I’ve landed on an alien planet. I’m walking across the surface of a breast cancer cell as drug nanoparticles whizz past my head like spaceships. One of the particles suddenly crashes in front of me, and I teeter on the edge of an abyss as it is sucked through the surface. It feels real – and in a sense, it is.
When Your Blood Glucose Rises (Medicine Net Daily)
Blood glucose is supposed to be regulated by the pancreatic hormone insulin. But for various reasons, the process doesn't work correctly among people with diabetes.
The American Diabetes Association mentions these possible causes of a blood glucose spike.
Life on the Home Planet
Plants Can Make Some Decisions Better Than Humans (Gizmodo)
Plants, they’re just like us. Or at least enough like us that they can still judge risk and make good decisions even though they happen to have a few handicaps that we don’t.
We’ve long known that plants are smarter than we think.
