Financial Markets and Economy
Apple Must Pay Billions for Tax Breaks in Ireland, E.U. Orders (NY Times)
The European Union on Tuesday ordered Ireland to collect $14.5 billion in unpaid taxes from Apple, a record penalty that worsened tensions with the United States over the bloc’s crackdown on sweetheart deals with global multinationals.
Dollar Set for First Monthly Gain Since May on Divergence Bets (Bloomberg)
The dollar headed for its first monthly advance against the yen since May on mounting speculation U.S. monetary policy will further diverge from that of the Bank of Japan.
We're about to enter 'the worst month of the year for stocks' (Business Insider)
The month is the only one of the year in which the Dow Jones Industrial Average has been lower on average over the past 20, 50, and 100 years.
Wage growth looks like it's about to take off (Business Insider Australia)
It has been heard many times before, but this Friday's August nonfarm payrolls report in the US looms as perhaps the most important data release in terms of the near-term outlook for US interest rates.
Commercial sector: flow of funds falls in first four months of FY17 (Live Mint)
That the economic recovery continues to be tepid is seen from the fact that the flow of financial resources to the commercial sector—from banks as well as non-banking sources—so far this fiscal year has been well below that of the same period last year.
Foreign Investors Turn Sellers in Vietnam After 10-Year Spree (Bloomberg)
After pumping in $3.4 billion since 2006, overseas traders are set to be net sellers of assets traded on Ho Chi Minh City Stock Exchange this year for the first time in a decade, according to data compiled by Bloomberg.
EU telecom regulators adopt strict net neutrality rules, industry dismayed (Reuters)
European Union telecoms regulators adopted strict rules on Tuesday limiting how telecoms firms like Vodafone and Orange can prioritize some types of Internet traffic, dealing a blow to an industry hoping to boost revenues.
U.S. home prices rise in June at slowest pace in 10 months (Associated Press)
U.S. home prices rose modestly in June, pushed up by strong sales and a limited supply of available properties.
The Japanese government owns a massive amount of Japanese companies (Wolf Street)
The Bank of Japan and the Government Pension Investment Fund (GPIF) have been buying stocks to inflate the market, create some kind of “wealth effect,” and bamboozle regular Japanese into pouring once again into stocks, after many of them lost a big chunk of their savings when the prior bubble imploded without ever recovering.
Oil price rises as storm looms in Gulf of Mexico (The Week)
The dramatic fall in the oil price will spur the UK economy to grow faster than had been predicted this year, according to influential forecaster the EY ITEM Club.
Japan’s ‘Hail Mary’ at Fukushima Daiichi: An Underground Ice Wall (NY TImes)
FUKUSHIMA DAIICHI NUCLEAR POWER STATION — The part above ground doesn’t look like much, a few silver pipes running in a straight line, dwarfed by the far more massive, scarred reactor buildings nearby.
Canada facing massive mortgage crisis (RT)
Hit by the sharp decline in oil prices the Canadian economy is struggling with a property market approaching the peak of a massive bubble, according to ex-Lehman Brothers trader and a financial writer Jared Dillian.
Gold – What Happens Next? (Zero Hedge)
Historically, gold bull markets last years and as you can see in the following chart from Casey Research we are still in the very early innings of this one.
Nobel prize winner tells Clinton: Tax fossil fuels (CNN Money)
Stiglitz, who is an adviser to Clinton, says taxing carbon would be the best way to address climate change — and boost the U.S. economy.
Fed's Fischer Speaks, Says Rate Decision Not "One And Done" As He "Takes Markets Into Account" (Zero Hedge)
The most anticipated Fed speaker of the day, and perhaps the week, was Fed vice chairman Stanley Fischer, who caused ripples on Friday with his follow up speech on Friday, and who spoke moments ago on Bloomberg TV, although judging by the modest pick up in Treasuries, the market's interpretation is that Fischer did not make any particularly hawkish announcement.
Employers Find ‘Soft Skills’ Like Critical Thinking in Short Supply (The Wall Street Journal)
The job market’s most sought-after skills can be tough to spot on a résumé.
Companies across the U.S. say it is becoming increasingly difficult to find applicants who can communicate clearly, take initiative, problem-solve and get along with co-workers.
Annaly Capital: Uncertainty Abounds Post Hatteras Buy (Seeking Alpha)
Annaly Capital Management (NYSE:NLY) is the largest mortgage REIT on the NYSE. Its primary business objective is to generate net income for distribution to shareholders through prudent selection and management of investments.
Warren Buffett On the Nature of Luck (Value Walk)
Warren Buffett (WB) met with 20 MBA students from each of eight universities, including the University of Maryland, on November 15, 2013.
Politics
As Hillary Clinton Does Exhaustive Debate Research, Donald Trump Scorns It (NY Times)
Hillary Clinton’s advisers are talking to Donald J. Trump’s ghostwriter of “The Art of the Deal,” seeking insights about Mr. Trump’s deepest insecurities as they devise strategies to needle and undermine him in four weeks at the first presidential debate, the most anticipated in recent political …
Would Single-Payer National Health Insurance Break The Bank? (The Huffington Post)
A common myth among opponents of single-payer national health insurance (NHI) is that it would cost too much and break the bank.
Trump weighs Mexico visit to meet country's president (Politico)
Donald Trump is considering traveling to Mexico on Wednesday to meet with President Enrique Peña Nieto, two people close to his campaign confirm.
Technology
How Can You Make Money off the Pokémon Go Craze? (The Huffington Post)
Pokémon Go has become a global phenomenon. It gained popularity immediately and businesses have creatively determined ways to capitalize on that. Individuals are becoming entrepreneurs by advertising personal assistance in playing the game.
3D-Printed Robot Arm is Controlled using Virtual Reality (Digital Trends)
Whether it’s haptic feedback or clever brain hacks which let you walk forever in virtual reality without colliding with any real-life obstacles, it seems clear that some of the most interesting VR applications come when the virtual and real worlds collide.
Google Takes on Uber With New Ride-Share Service (The Wall Street Journal)
Google is moving onto Uber Technologies Inc.’s turf with its own ride-sharing service in San Francisco that would help commuters inexpensively join carpools, said a person familiar with the matter, jumping into a booming but fiercely competitive market.
Health and Life Sciences
Superbug resistant to two last-resort antibiotics found in US for first time (Stat News)
The strain was found in the urine of a man treated at a New Jersey hospital two years ago. It was tested in 2016 as part of a larger analysis of bacteria from the hospital.
Singapore Confirms Zika Spread; Some Countries Issue Travel Warnings (Reuters)
The number of confirmed cases of Zika virus in Singapore rose to 82 on Tuesday, with some of the latest infections detected beyond the area of the initial outbreak.
No, SETI didn't just find alien life (sorry) (Mashable Asia)
By now you may have heard rumors about the recent detection of what's been described as a "strong signal," possibly sent out by an advanced form of alien life in a star system 94 light-years away.
Life on the Home Planet
The World's 10 Most Livable Cities (The Street)
The Economist Intelligence Unit's annual index of livability for 140 global cities offers a window into universal values that speak about civility and opportunity. How do you know what a Top 10 list of livable cities looks like?
Suicide bomber rams vehicle into Chinese Embassy in Kyrgyzstan’s capital (The Washington Post)
BEIJING — A car driven by a suicide bomber rammed the gate of the Chinese Embassy in Bishkek, the capital of Kyrgyzstan, on Tuesday and exploded, reportedly killing the driver and injuring three others.
Car bomb outside Somali President's Palace kills at least 10 (Reuters)
At least 10 people, including soldiers and civilians, were killed in Somalia's capital Mogadishu on Tuesday when a car bomb claimed by al Shabaab exploded outside the Presidential Palace and also damaged two nearby hotels, an official said.
Hurricane threatens Hawaii; storm churns off Florida (Reuters)
U.S forecasters warned residents of Hawaii's Big Island on Tuesday of an encroaching hurricane expected to bring strong winds and heavy rains, while Floridians were told to prepare for a tropical system later in the week.
Paid $75,000 to Love a Brand on Instagram. But Is It an Ad? (NY Times)
The millions of people who follow Kim Kardashian West and her sisters on social media have become accustomed to seeing them praise everything from fat-burning tea to gummy vitamins for healthier hair.
