Financial Markets and Economy
US oil rig count jumps higher for the 7th-straight week (Business Insider)
The US oil rig count rose for the seventh-straight week last week, according to the latest data from oil driller Baker Hughes out Friday.
S&P 500 Resists Bearish Tug to Post Sixth Advance in Seven Weeks (Bloomberg)
The steady march higher for U.S. stocks may have slowed to a crawl, but the S&P 500 Index’s sixth advance in seven weeks still managed to defy a chorus of bears warning valuations have become too rich.
Global monetary taps still open wide, Fed minutes in focus (Reuters)
The glue binding a still-aggressive global monetary policy response to a struggling world economy and almost daily record highs for world stock markets along with record low bond yields is set to remain intact in the coming week.
Dollar Bulls Bruised Again as Fed Rate-Increase Bets Fade Anew (Bloomberg)
Dollar bulls were dealt a fresh blow this week as another set of U.S. economic reports sent the greenback plunging.
Will stock-market hangover follow record highs? (Market Watch)
Wall Street partied like it was 1999 on Thursday.
The 16 countries with the biggest piles of gold (Business Insider)
Gold is in the midst of something of a renaissance. With uncertainty about the future direction of the global economy, fears about what Britain's Brexit vote means for Europe, and serious geopolitical troubles worldwide, the asset that has been used as a haven for thousands of years is back in fashion.
The Strong Ruble Doesn't Mean a Russian Recovery (Bloomberg View)
It's a measure of international investors' desperation that they are long the Russian ruble and other Russian assets.
Canada is nearing 'peak crazy in the housing market' (Business Insider)
Canada's housing market keeps getting hotter.
Negative rates seen reducing Japan big banks' profits by $2.96 billion (Reuters)
Japan's financial watchdog estimates that negative interest rates under the Bank of Japan's monetary easing policy will reduce profits for the country's three big banks by at least 300 billion yen ($2.96 billion) for the year through March 2017, the Nikkei business daily reported on Saturday.
South Korea is launching an open banking platform (Business Insider)
This month, the Korean government will launch a platform for financial institutions that will allow them to build services that automatically populate financial information for new customers, according to Korea Joongang Daily.
Nike's stock falls behind rivals amid Rio Olympics (Reuters)
Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour.
Gold Daily and Silver Weekly Charts – Not Too Obvious – The Devil's Tower (Jesse's Cafe Americain)
So up they went into the NY trade, and down they came after Europe and Asia went to bed.
Politics
Clinton's Roads to Victory (The Atlantic)
They are the two longest north-south highways in the United States, and main arteries of the Interstate Highway System. Like a massive asphalt river, the I-95 corridor stretches through the eastern seaboard from the Canadian border to Miami, creating the Northeastern megalopolis, connecting the nation’s financial capital with its political capital and the maple forests of the Northeast with the orange groves of the Florida flats. I-75 courses south from the Michigan Upper-Peninsula through the Straits of Mackinac and connects Detroit with Cincinnati, Lexington, Chattanooga, Atlanta, Tampa Bay, and Miami.
Where Trump And Clinton Stand On Health Care And Medicare (Forbes)
Health care is among the top four issues for registered voters in the upcoming presidential election, according to Pew Research poll results. Seventy-four percent said it was “very important” to their vote. That’s no big surprise. And more than 3,400 Next Avenue readers who participated in an online poll in January rated health care as their second most important concern in the election; the economy was Number One.
Technology
The Best Tattoo Turns Your Body Into a Controller for Any Computer (Gizmodo)
Your next tattoo could also be used to control your computer. A new technology called DuoSkin, developed by MIT Media Lab and Microsoft Research, allows anyone to create customized gold metal leaf print tattoos that can be worn directly on the skin. The temporary tattoos can be used as touchpad inputs, display outputs, and wireless communication.
Health and Life Sciences
Human-animal chimeras may be key to us living healthier lives (New Scientist)
There’s a one-in-five chance you’ll die of heart disease. But imagine if as soon as your heart showed signs of disease, you got whisked into hospital and given a healthy young heart that was a perfect match for you.
Surgery Effective Against Immune Disorder That Weakens Muscles (Medicine Net Daily)
Removing the thymus gland is an effective treatment for myasthenia gravis, an autoimmune disorder that causes life-threatening muscle weakness, researchers report.
Since the 1940s, doctors have been surgically removing the thymus gland — a procedure called thymectomy — as a means of treating myasthenia gravis.
Life on the Home Planet
The 10,000 Kidnapped Boys of Boko Haram (Wall Street Journal)
In a forest of thorn trees somewhere far outside this city, the Boko Haram insurgency ran a boot camp for about 100 boys. Children as young as 5 years old learned to handle assault rifles and march through the woods in flip-flops. Their teacher was only 15.
Inside the nightmare JetBlue flight that injured 24 people after hitting massive turbulence (Business Insider)
Twenty-two JetBlue passengers and two crew members were injured on Thursday when the plane hit heavy turbulence.
The plane, which was on its way from Boston to Sacramento, California, made an emergency landing in Rapid City, South Dakota. Those injured were transported to the local hospital.
