Financial Markets and Economy
Why the Fed Can't and Shouldn't Raise Interest Rates (Bloomberg)
The Federal Reserve may be working within a basic policy strategy that may be fundamentally flawed.
Global Stocks Lose Ground After Recent Rally (Wall Street Journal)
Global stocks lost ground as investors paused after a rally that has seen Wall Street race past several records and European stocks recover most of their post-Brexit losses.
Oil prices steady near $47 as oversupply concerns weigh (Reuters)
Oil prices steadied near $47 a barrel on Tuesday as concerns over a glut of crude and refined fuel outweighed an expected cut in U.S. shale production and a probable further drawdown in U.S. crude inventories.
Fed Officials Gain Confidence They Can Raise Rates This Year (Wall Street Journal)
Federal Reserve officials are looking more confidently toward an interest-rate increase before year-end, possibly as early as September, now that financial markets have stabilized after Britain’s vote to leave the European Union and the economy shows signs of picking up.
U.S. Index Futures Fluctuate Amid Earnings After Fresh Records (Bloomberg)
U.S. index futures fluctuated following a mix of earnings reports, as investors weighed the prospects for further gains after equities closed Monday at fresh records.
Gold Holds Near Two-Week Low as Risk Appetite Rises on U.S. Data (Bloomberg)
Gold rose from its lowest close this month as a drop in equities spurred demand for a haven.
Don't Try This Crazy Trick on the Economy (Bloomberg View)
Some economists argue that the Federal Reserve should take a highly unconventional approach to ending a long period of below-target inflation: Instead of keeping interest rates low to spur economic activity and push up prices, it should raise rates.
Dollar Climbs Before Data Seen Showing Housing Sector Resilient (Bloomberg)
The dollar advanced before an economic report on Tuesday that analysts forecast will show resilience in the U.S. housing sector.
Fear of a glut in supply keeps the pressure on crude prices (Market Watch)
Crude oil prices hovered around two-months low early Tuesday on continued worries that inventories of crude and fuels could remain elevated.
U.K. Inflation Rate Rises More Than Forecast on Airfare Surge (Bloomberg)
U.K. inflation accelerated more than economists forecast in June boosted by airfares on trips to continental Europe.
Investors should get ready for U.S. stocks to slide (Market Watch)
Sentiment conditions in the stock market now are just as unfavorable as they were favorable only a couple of weeks ago.
Yahoo's most important business actually shrank for the first time this quarter (Business Insider)
One of Yahoo's most important businesses under CEO Marissa Mayer has been the so-called Mavens, short for "mobile, video, native, and social."
Johnson & Johnson crushed earnings expectations and raised its guidance for the year (Business Insider)
Johnson & Johnson on Tuesday reported second-quarter profits that topped estimates, and raised its guidance for the rest of the year.
Nintendo Market Value Passes Sony on Pokemon Go Frenzy (Bloomberg)
After a rally lasting more than a week, Nintendo Co. has pushed its market value past Sony Corp., fueled by global mania for the Pokemon Go game it backed. Nintendo’s value jumped above $39 billion Tuesday in Tokyo, topping Sony, and extending a run that began after the app become a viral phenomenon.
Facebook to Pay Internet Stars for Live Video (Wall Street Journal)
Jon Paul Piques gained social-media fame posting bawdy six-second videos on Vine. In April, however, he used Facebook to live-stream a behind-the-scenes look at Playboy.
The Aging Bull Market in Stocks Is Raging Anew (Barron's)
And we’re back, after a long break, to a stock market that once again is making serial new highs! Until this latest marketable triumph, the Standard & Poor’s 500 index had gone nearly 14 months since its last record peak in May 2015—a dry spell longer than the 410 days it took to build the Empire State Building, three of Elizabeth Taylor’s marriages, and my spiritual vegan phase. Is our aging bull market raging anew?
Politics
What Anti-Republican Protesters in Cleveland Care About (The Atlantic)
On day one of the Republican National Convention, the most visible protest occurred deep within the secure zone, on stage at the Quicken Loans Arena, where Senator Mike Lee, the Utah civil libertarian, led a last-gasp effort to force a rules vote in the hope of denying Donald Trump the GOP nomination.
Trump's National-Security Plan, in 23 Seconds (Bloomberg View)
Tonight is national security night at the Republican National Convention in Cleveland. Under the theme of "Make America Safe Again," the Trump campaign will feature a Benghazi video and remarks from a number of Trump supporters, some of whom have a tangential relationship to American national security, and some of whom (Melania Trump) do not.
Turkey's Erdogan recounts night of coup, mulls death penalty (AP)
Turkish President Recep Tayyip Erdogan made a series of televised appearances overnight in which he disclosed dramatic details of his survival on the night of a failed coup and raised the specter of reintroducing the death penalty to punish conspirators.
Technology
Bubba Watson’s insane jetpack golf cart will put an end to walking on the course (Mashable)
Bubba Watson, the fifth-ranked golf player in the world, just can’t seem to get around a golf course like regular pros. Three years ago, he boarded a hovercraft and glided over fairways, bunkers and water hazards. Now he’s ready to fly over them in the world's first golf cart jetpack.
This 3-D Printed Robot Moves Using Muscle From a Sea Slug (Gizmodo)
If you’ve ever enjoyed those horror movies that involve organ harvesting, you may be pleased to know that scientists are one step closer to using organic matter to power robots. Sea slugs are getting first honors though.
Health and Life Sciences
How do bacteria escape gut to get into lungs? (Futurity)
Scientists aren’t sure how they got there, but bacteria that normally live in the gut have turned up in the lungs of critically ill people and animals. The environment is one where bacteria are not normally found and can’t usually survive.
Don't Let Painful Blisters Spoil Your Summer Fun (Medicine Net Daily)
You might think of blisters as painful nuisances on your feet, but one expert warns that blisters can appear anywhere that skin rubs against clothing or another part of the body.
Life on the Home Planet
Nigeria Boko Haram: Children starving, warns Unicef (BBC)
Almost a quarter of a million children in parts of Nigeria's Borno state formerly controlled by Boko Haram are suffering from severe malnutrition, the UN children's agency says.
Tens of thousands will die if treatment does not reach them soon, Unicef warns.
Soaring Temperatures Will Make It Too Hot to Work, UN Warns (Bloomberg)
Searing temperatures caused by climate change may cost global economies more than $2 trillion by 2030, restricting working hours in some of the poorest parts of the world, according to United Nations research.
