Financial Markets and Economy
The amount of cash corporate America is dishing to investors sends a scary signal about the stock market's future (Business Insider)
The amount of money America's biggest companies are paying out to investors is at a record high.
Everyones a Winner in Brexit Aftermath as Doves Rescue Market (Bloomberg)
One week after Brexit, the lesson investors are taking away is that theres no problem central banks cant fix.
After market spasm, Wall Street looks past Brexit (Business Insider)
A week-long convulsion in U.S. stocks induced by Britain's vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates.
The result of the June 23 referendum has created a bounty of uncertainty about the future of the United Kingdom, Europe and the global economy.
Gold +24% In H1, Silver Hits 2-Year $19 High As Brexit Pushes UK To New QE (Value Walk)
GOLD and SILVER both headed for new multi-year weekly closing highs in London trade Friday, extending their strongest 6-monthly gains since summer 2011 after the UK’s Bank of England said it is poised to start new quantitative easing money-creation and bond-buying in response to last week’s ‘Leave’ decision in the Brexit referendum.
In One Chart: These stock markets are leaving the rest of the world in their wake in 2016 (Market Watch)
Emerging markets—specifically Argentina, Russia, Brazil and Pakistan—were the places to be in the first half of 2016, while Italy suffered one of the biggest declines, in part due to worries about the country’s banking sector.
Oil rig count rises by the most in 6 months (Business Insider)
The US oil rig count rose by 11 to 341 this week, the biggest increase since December 2015, according to driller Baker Hughes.
Solar on track to break growth records, but analysts say market challenges loom (Utility Dive)
The solar market is on track to break growth records this year, but analysts say the numbers may paper over some emerging market challenges for installers.
Here's What Financial Pundits Mean When They Say… (Bloomberg View)
Markets plunged around the world on Friday and Monday after U.K. voted to leave the European Union. While working from home Friday, I spent much of the day watching financial television, skipping between the three main financial news networks.
Venezuela's Oil Reserves Are Probably Vastly Overstated (Forbes)
During the 1980′s and 1990′s, Venezuela’s proved oil reserves were around 60 billion barrels. At that time this was nearly double the proved reserves of the U.S., but still well behind Saudi Arabia, which ranked led all countries with 260 billion barrels of proved reserves. Russia, Iraq, United Arab Emirates, Kuwait, and Iran all claimed more proved reserves at that time than Venezuela.
First the people, now business is voting to go (Telegraph)
The great Brexit jobs exodus is under way. It was inevitable that pulling out of the EU would spook some businesses into uprooting. Companies hate uncertainty and tend not to stand it for too long. However, no one expected the migration to begin quite so quickly.
3 Ways to Make Money in the Markets (A Wealth of Common Sense)
Bob Maynard is one of the best investors you’ve probably never heard of. He runs the $14 billion pension fund for the state of Idaho and his long-term returns are consistently in the top quartile of the institutional fund world.
Puerto Rico's Problems Go Way Beyond Its Debt (The Atlantic)
With the passage of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) on Thursday, Puerto Rico has narrowly avoided what was expected to be its largest economic calamity yet. The bill prevents the island from being sued for not paying the nearly $2 billion in bond payments that came due on Friday—a possibility that would have threatened payouts from programs such as pensions and social services and plunged the territory further into turmoil.
Stocks Near All Time High Despite 16 Straight Week Of US Mutual Fund Outflows, Historic "Redemption Day" (Zero Hedge)
The new normal sure is strange: with the S&P flirting with all time highs, not to mention staging another dramatic V-shaped comeback from the post-Brexit crash which saw S&P futures trade limit down a week ago, investors keep on selling.
After trading halt, Betterment suffers its own Brexit shock (Financial Planning)
It was a move intended to protect investors from market volatility.
The Curse Of ‘Wealth Effects’ Central Banking (David Stockman's Contra Corner)
The robo-machines and perma-bulls are at it again, delivering another volumeless dead-cat bounce in a market that has churned sideways for 600 days now.
Politics
Democrats and Republicans Are Tested by Their Fringes (Bloomberg View)
Republicans and Democrats share a challenge: staving off the fanatics.
For the Republicans — leaving aside Donald Trump for the moment — the test comes from the right-wing House Freedom Caucus threat to impeach Internal Revenue Service Commissioner John Koskinen.
This is what scares me most about a Hillary Clinton presidency (Business Insider)
As a result of Bill Clinton's meeting with Attorney General Loretta Lynch on the tarmac at Phoenix Sky Harbor Airport, we get to enjoy the treat of another exhausting Clintonworld story about influence, and whether it is or isn't being unduly exerted.
It's possible that Clinton and Lynch were just catching up — "a social meeting," as Lynch put it Friday.
Technology
Google has a new tool that shows you how much it really knows about you (BGR)
It’s hardly a secret that Google tracks pretty much everything you do online, and it does this for a few reasons — mainly to keep the lights on. Google makes money from ads, and the more data it has on users the better it can target advertising.
Health and Life Sciences
The Difference Between Being Happy and Being High (Vice)
Many people think of drug use, or other potentially addictive experiences like gambling, as more profane than sacred. Chemical or virtual highs, a lot of us believe, are cheap substitutes for genuine happiness at best—and a delusional trap that can destroy lives at worst. But learning to think clearly about the differences between "happy" and "high" can offer important insight both into how society manages drug use and how people find meaning in their lives.
This trick makes brains add color to stripes (Futurity)
Volunteers in a brain science experiment learned associations between patterns and colors in such a way that when they saw the patterns later, they still perceived the color—even if it wasn’t really there.
The work makes two new scientific points: one concerning how the brain works and the other concerning how to work the brain.
The Food Lab's Definitive Guide to Grilled Steak (Serious Eats)
Summer's here and I've got a brand new backyard to grill in so now seems like as good a time as any to re-examine some of the things we know (or think we know) about grilling beef. Sure, we can all agree on what our goal is: A perfect steak should have a crusty, crunchy, well-browned exterior surrounding a core of perfectly pink, juicy, tender meat that spans from edge-to-edge. (You well-doners can go eat your hockey pucks on someone else's lawn).
Life on the Home Planet
An Environmental Victory (and Cautionary Tale) (Bloomberg View)
For once, the news on the environmental front isn’t just good, it could be taken as a point of pride. This week, scientists announced that the infamous ozone hole over Antarctica is starting to heal. In 1987, the world agreed to phase out chemicals that were destroying a layer of gas in the upper atmosphere that shields the planet from damaging ultraviolet light. This week, in the journal Science, researchers said they’re finally starting to detect results.
Attackers Take Hostages At Bangladesh Restaurant (Bloomberg)
As many as nine gunmen attacked a restaurant popular with foreigners in a diplomatic zone of the Bangladeshi capital Dhaka on Friday night, taking hostages, killing two officers and wounding at least 26 people in a gunbattle with security forces, authorities and a witness said.
