Financial Markets and Economy
US bond yields have never been this low—and we looked at data going back to 1786 (Quartz)
Usually, the bond market is a cautious, prudent and a deeply boring place, especially when compared its tempestuous kid cousin, the stock market.
The bond market is 'throwing a curve ball' (Business Insider)
This could help settle one of the biggest debates in the bond market right now.
World faces deflation shock as China devalues yuan at accelerating pace (Telegraph)
China has abandoned a solemn pledge to keep its exchange rate stable and is carrying out a systematic devaluation of the yuan, sending a powerful deflationary impulse through a global economy already caught in a 1930's trap.
Oil prices rebound from two-month low (Market Watch)
Crude oil prices rose slightly on Friday, rebounding from a strong selloff overnight after U.S. crude inventories showed a smaller draw than expected.
Sentiment in the oil market, however, remained wobbly as investors and traders worry that the rate of supply decline is slowing — a factor that has prevented prices from crossing the $50 threshold for some time.
Four Charts to Show Why Yens Dizzy Rally May Stay the Course (Bloomberg)
The yen is the best-performing Group-of-10 currency this year as theU.K.s decision to leave the European Union spurs expectations that the Federal Reserve will hold rates for longer while stoking demand for safer assets.
Why Traders Have Lost Their Touch (Bloomberg View)
Today’s traders and portfolio managers — self-described Masters of the Universe — have hardly covered themselves in glory recently. Their surprise and initial panic at the Brexit result doesn’t say much for the extraordinary foresight, skill at managing risk and large pay packages many of them claim.
Truth is, whatever successes they’ve notched till now probably owed more to specific economic conditions than to their talent and brains.
S&P 500’s prospects are as clear as night and day (Market Watch)
It’s an open-and-shut case: The stock market’s near-term prospects are good.
Oil rebounds from two-month lows, outlook seen volatile (Business Insider)
Oil prices rebounded in early trading on Friday, bouncing off two-month lows hit in the previous session when prices fell 5 percent on news that the U.S. weekly crude draw missed some forecasts.
Traders said that the outlook looked volatile as a refined product glut and slowing economic growth weighed on markets while the risk of supply disruptions could tighten supplies.
This is the city where workers got the biggest pay raises (Market Watch)
Your zip code can reveal how likely it was that you got a big raise last year.
On average, workers’ wages grew 2.9% from 2014 to 2015 after adjusting for inflation, according to data released this week by the University of Michigan. This figure includes all monetary income, such as wages, contract signing bonuses, stock options, profit-sharing and more.
Worst June in a Decade as U.K. Retailers Experience Brexit Chill (Bloomberg)
U.K. retailers had their worst June in a decade as consumers reined in spending ahead of the countrys European Union referendum, according to figures from accounting firm BDO.
Tough to Keep the World From Warming When Carbon Is This Cheap (Bloomberg)
Carbon markets, the free-enterprise solution to saving the world from global warming, are now in danger themselves.
Politics
'Politics are corrupt': fears about money and its influence on elections loom large (The Guardian)
It’s one of Donald Trump’s favorite anecdotes. “The week before last a lobbyist, a very good person came to me, offered $5m, ‘Please, I want to give you $5m for the campaign,’” he told reporters last year. “I said ‘I have no interest in taking that.’ In fact, I think it’s the first time he’s ever been turned down.”
Technology
Samsung's new 256GB microSD card is so fast no devices support it yet (Mashable)
It's incredible how much storage now fits into a fingernail-sized microSD memory card.
Last year, SanDisk crammed 200GB into a microSD card and now Samsung's gone and made a 256GB microSD with the world's fastest read and write speeds — even faster than SanDisk's own new 256GB microSD card it touted as the world's speediest only a week ago.
More News Is Being Written By Robots Than You Think (Singularity Hub)
It’s easy to praise robots and automation when it isn’t your ass on the line. I’ve done it lots. But I may have to eat my own Cheerios soon enough.
Software is writing news stories with increasing frequency. In a recent example, an LA Times writer-bot wrote and posted a snippet about an earthquake three minutes after the event.
Health and Life Sciences
Heat Waves Pose Big Health Threats (Medicine Net Daily)
Record-setting heat has gripped much of the U.S. West and Southwest in recent weeks, and now the East Coast is baking, too.
Temperatures from Washington, D.C., to Boston are expected to soar into the 90s Wednesday, and possibly for several days straight days after that.
Life on the Home Planet
No more fish in the sea (BBC)
Chinese fishing vessels operate illegally off the coast of Guinea, depleting its fish population and destroying marine life. Despite the economic and social consequences of illegal fishing, the Guinean government has failed to police its waters because it doesn't have money to operate surveillance equipment, as the BBC's Tamasin Ford reports.
Dallas Blacks Furious to Be Blamed for Murder of 5 Cops (The Daily Beast)
Anger boiled over from peaceful black protesters in downtown Dallas after they said they felt they were being blamed for two snipers who killed five police officers during a Black Lives Matter protest Thursday night.
Hundreds of people of all races were marching down Lamar St. between Commerce and Main, mere blocks from Dealey Plaza where President Kennedy was assassinated, when gunfire erupted around 9 p.m.
