Financial Markets and Economy
This is how the stock market deals with shocks — and how you should, too (Market Watch)
Our old friend France is under attack again, this time by a truck driver who fatally ran over at least 84 people gathered for Bastille Day fireworks in Nice.
U.S. Bancorp Profit Climbs 2.6% as Total Loans, Revenue Increase (Bloomberg)
U.S. Bancorp, the nation’s largest regional lender, posted record second-quarter profit that beat analysts’ estimates as gains in commercial and credit-card loans helped drive revenue.
Oil falls as glut fears return, China data eyed (Business Insider)
Crude futures fell in early trading in Asia on Friday as concerns about a global oil glut returned to the fore and traders wait on data from China, which is expected to report its lowest growth rate since 2009.
S&P 500's record highs held back by Apple's falling stock price (Business Insider)
The S&P 500's multiple record highs set this week after more than a year-long wait on Wall Street would not have taken so long had Apple Inc , the index's largest constituent, not fallen deeply from its own all-time high.
The Bond Market Still Thinks Brexit Is Bad (Bloomberg View)
Were concerns about the repercussions of Britain's vote to leave the European Union overblown? Although the rebound in global stock markets might suggest so, bond markets aren't so sure.
Beware! A flattening yield curve still means something (Market Watch)
There comes a time in every business cycle when the yield curve inverts. In layman’s terms, it describes the unnatural state when the central-bank-pegged overnight rate exceeds the yield on a market-determined, long-term security, such as the 10-year Treasury note.
What China’s Economic Growth Figures Mean (NY Times)
China on Friday reported its second-quarter economic growth figures. The numbers are among the world’s most closely watched, but data from the country are notoriously questionable.
The yen is retreating again (Business Insider)
The Japanese yen is falling again as markets gear up for some serious measures from Japan.
This has happened in the U.S. stock market only 13 other times since 1949 (Market Watch)
The stock market over the past two weeks has done something that’s occurred only 13 other times since 1949.
Global stocks at eight-month high, France attack subdues Europe (Reuters)
Reassuring Chinese data lifted world stocks to an eight-month high on Friday though Europe ended an otherwise strong week subdued after an attack by a gunman at the wheel of a truck in the south of France killed at least 84 people.
Shares in European airlines and hotels are tumbling after the Nice terror attack (Business Insider)
Shares in European airlines, hotels, and travel groups are plummeting on Friday after a devastating terrorist attack in the southern French city of Nice on Thursday night.
New York and Shanghai Gold Deliveries (Jesse's Cafe Americain)
An interesting perspective comparing the gold markets of New York and Shanghai.
Politics
Hillary Clinton's Edge Over Donald Trump (The Atlantic)
When asked which candidate would work effectively with other countries, with Congress, and with state and local governments to achieve their objectives, more than 50 percent of respondents favored Clinton over Trump. They also pegged Clinton as more likely to “bring the country together” and to “convince the two parties to cooperate more than they have in recent years” by margins of more than 15 percentage points.
Technology
Suitcase Is Part Segway And Part Robot (PSFK)
Apparently technology can transform even something as basic as the suitcase. A tech group by the name Olive Robotics decided to take on the task of creating an extremely intelligent suitcase they named Olive. The most interesting feature is the suitcase’s ability to turn into a Segway.
Health and Life Sciences
'Liquid Biopsy' May Show Whether Cancer Drugs Are Working (Medicine Net Daily)
Researchers have developed a blood test that might allow doctors to know quickly whether a cancer drug is working.
The technique is in the early stages of testing, and not ready for "prime time," scientists said. But they were also hopeful that the research will help advance the use of so-called liquid biopsies in treating cancer.
‘Mystery’ protein makes filaments in flies (Futurity)
Intermediate filament proteins reside in each of our cells, where they provide structural support and protection against conditions like blistering, cataracts, and dementia.
Lung bacteria’s sense of touch tells them when to turn nasty (New Scientist)
A bacterium that lives in our lungs turns lethal when it senses it is in contact with something. Pseudomonas aeruginosa causes serious lung infections, and can be particularly troublesome to people who have cystic fibrosis. Like many other types of bacteria, this species is at times harmless and at other times it switches into a more aggressive mode. Knowing what triggers the process could improve the way we kill pathogens.
Life on the Home Planet
France in Shock as More Than 84 Die in Nice Terror Attack (Bloomberg)
Eight months after a murderous rampage in Paris, a deadly attack in the coastal city of Nice on Bastille Day left at least 84 people dead and scores injured, threatening to throw a still-traumatized France into a tailspin and raising terror alarms across Europe.
Scientists warn of 'unsafe' decline in biodiversity (BBC)
An international team of scientists has issued a warning that biodiversity is dropping below safe levels for the support and wellbeing of human societies.
As a species we are inextricably connected with the processes of our local ecosystems, such as crop pollination, waste decomposition and regulation of the carbon cycle.
