Financial Markets and Economy
The foreseeable future of the economy has nothing to do with the economy (Business Insider)
Over the past couple of weeks the world economy has been captivated by the UK's vote to leave the European Union.
Top candidates to lead Britain differ on how quickly to start Brexit talks (Reuters)
The two leading candidates to be the next British prime minister differed on Sunday on how urgent it was to trigger article 50, the formal step that will kickstart Britain's negotiations with the European Union on the terms of its exit from the bloc.
Britain's upstart banks face a bumpy ride through Brexit fall-out (Business Insider)
Facing the prospect of their first UK recession, Britain's small specialist lenders could struggle to cope with a downturn, especially in the small and medium-sized business sector that is their lifeblood.
Gold, Silver Best Performing Assets In H1, 2016 – Up 26% and 38% (Gold Core)
Gold and silver are the best performing assets in H1, 2016 and saw gains of 26% and 38% respectively. They were the best performing assets prior to Brexit and they are the best performing assets since Brexit. Gold and silver are up 6% and 11% respectively since the seismic Brexit vote led to turmoil on global markets.
London stock exchange shareholders vote on merger deal under Brexit cloud (Business Insider)
Shareholders of the London Stock Exchange will vote on Monday on whether to back a $27 billion merger with Deutsche Boerse, even though the deal may have to be tweaked following Britain's decision to leave the European Union.
Treasury Yields Touch Historic Lows Amid Brexit Fallout (Wall Street Journal)
Markets closed the week still bearing the mark of Britain’s decision to exit the European Union, with a broad rebound in stocks tempered by a renewed sense of caution in bonds.
Barclays' investment bank staff tell us why they are not freaking out about the Brexit vote (Business Insider)
Britain's vote to leave the European Union is freaking out the City of London as many fear that a jobs exodus in the capital's financial sector is on the way.
Mortgage association: Fed's still going to hike this year (CNBC)
The view is contrary perceived wisdom, with traders expecting no chance of a hike this year while in fact pricing in a small probability of a rate cut. Fed officials, at their June meeting, indicated that two hikes were still on the table for 2016, but that was before British voters opted to leave the European Union, a move that jolted financial markets and considerably diminished rate hike expectations.
Mondelez's bid may find gaps in Hershey's armor (Yahoo! Finance)
An elaborate structure put in place to preserve Hershey Co's (HSY.N) ties to its local community has been roiled by scandal, creating an opening that Mondelez International Inc (MDLZ.O) seized on to launch a $23 billion for the chocolate giant. While Hershey's board of directors unanimously rejected Mondelez's offer on Thursday, its once impenetrable defenses are now looking weaker due to an investigation into the charitable trust that controls it, as well as controversy facing the Pennsylvania Attorney General (AG), who also has a say in any change in Hershey Co's ownership.
Confusion and Clarity in Trading (Trader Feed)
There are times in life–and especially in markets–when confusion reigns. We have all the pieces but can't figure out how they fit into a puzzle. Confusion often occurs when the parts of our lives don't line up. When we see the larger picture–when all the pieces come together in a meaningful way–then we experience the opposite of confusion: clarity.
Politics
Obama to campaign with Clinton for first time in 2016 (Fox News)
President Obama and Hillary Clinton campaign together next week for the first time this year, and their decision to meet up in Charlotte says a lot about how her campaign views her path to replace him in the White House.
Why Trump won’t get dumped in Cleveland (Politico)
Anti-Trump zealots fantasizing about dumping Donald Trump at the national convention in Cleveland couldn’t have asked for riper conditions: Trump is historically unpopular. He’s ripping apart traditional Republican alliances. He’s running an error-prone, poorly funded campaign. GOP leaders can’t stomach his candidacy.
Technology
'Grown' drones and hypersonic speeds (BBC)
It sounds like an idea for a science fiction film, but here in the UK scientists and engineers are spending time and money to see if they can do exactly that.
British warplanes are already flying with parts made from a 3D printer.
Synthetic spider silk could be the biggest technological advance in clothing since nylon (Quartz)
Spider silk’s qualities are nearly mythical. Its tensile strength is comparable to steel’s. Yet it is lighter, and can be as stretchy as a rubber band. Those traits in combination make it tougher than Kevlar. To give you an idea: If the spider webs that shoot from Spider Man’s wrists were real spider silk, the superhero could genuinely have pulled the runaway train to a halt in that dramatic scene in Spider Man 2.
Health and Life Sciences
Stem cell tourism goes domestic (Med City News)
The phenomenon of stem cell tourism has been associated with travel to exotic locations such as China, Argentina or Mexico, where commercial clinics offer high hopes, expectations and — sometimes — the idea of miracle treatments for diseases ranging from muscular dystrophy to spinal cord injury, with little accountability.
Life on the Home Planet
At Least 70 Killed in Blast at Baghdad Shopping District (Wall Street Journal)
A massive car bomb exploded overnight in the heart of one of Baghdad’s busiest commercial areas, killing at least 121 people and wounding many others, security officials said.
What’s Eating You (in National Parks)? (The Daily Beast)
“Phillip had been drinking, and later he repeatedly told people close to him that he’d taken LSD that night. Somewhere behind him was a grizzly, and Harry’s flashlight was lost. Phillip stumbled downhill through the forest and burst into the moonlight on Geyser Hill. He dodged the steaming pools, got to the boardwalk, and ran toward the lights. At 1:10 a.m., he crashed through the door into the lobby of the Old Faithful Inn and fell on the floor in front of the registration desk, weeping and begging for someone to help Harry.”
