Financial Markets and Economy
Bank of Japan Positions for a Post-Kuroda Era in Monetary Policy (Bloomberg)
Japan’s central bank has effectively positioned itself for an era of monetary stimulus that extends beyond the radical tenure of Governor Haruhiko Kuroda.
Yeti: How a $67 Million Investment Became a $3.3 Billion Windfall (The Wall Street Journal)
A small private-equity firm is about to get a big payoff from a bet on $400 coolers.
If all goes as hoped, Cortec Group, with just 20 employees in Midtown Manhattan, could make a profit on paper of about $3.3 billion in the coming initial public offering of Yeti Holdings Inc.
Saudi Arabia Injects $5.3 Billion in Bank System Amid Crunch (Bloomberg)
Saudi Arabia’s central bank stepped up efforts to support lenders in the Arab world’s biggest economy as they struggle to adjust to effects of low oil prices.
This chart shows how painful things still are for US oil producers (Business Insider)
Crude oil prices may have rallied from their recent lows, but it's still a painful environment for producers.
Since bottoming near $26 per barrel in February, West Texas Intermediate crude oil, the US benchmark, has gained nearly 70%.
Why Getting Rich Quick Often Doesn’t Sound Crazy (The Wall Street Journal)
Earlier this month, the Securities and Exchange Commission announced that a trading newsletter company, Wealthpire, and its owner had agreed to pay nearly $1.5 million to settle allegations they had defrauded subscribers through false statements and misleading advertisements.
How to choose ETFs to get better returns (Market Watch)
Patrick O’Shaughnessy says that fund investors may feel better about themselves buying exchange-traded funds built to be “smarter,” but they’re making the same dumb mistakes that shareholders have been making for decades.
Bull Markets are the Hardest Part (Pragmatic Capitalism)
There are two difficult times to be an investor – when the market goes up and when it goes down, we all know the difficulty of the bear market.
Companies
Marriott to Nearly Double Workforce in Mideast, Africa (Bloomberg)
Marriott International Inc., which became the world’s largest hotel operator with its $14 billion purchase of Starwood Hotels & Resorts Worldwide Inc., plans to almost double its workforce in the Middle East and Africa over the next three years.
Apple Is Now Boring Enough to Buy for $37 Billion Stock Sifter (Bloomberg)
Apple Inc. losing steam only makes it a bargain.
The iPhone maker is cheap and the risk is lower, according to Robert Naess, who oversees 33 billion euros ($37 billion) in stocks at Nordea Bank, Scandinavia’s largest bank.
Jann Wenner to Sell 49% of Rolling Stone to Singapore’s BandLab (Bloomberg)
There comes a time when even Jann Wenner needs a little help from his friends.
After a five-decade run full of interviews with pop stars and presidents, the founder of Rolling Stone is selling 49 percent of the iconic magazine to an Asian billionaire’s son.
Politics
Clinton campaign chair: Trump's playing his 'favorite sport, which is to dive in the sewer and go for a swim' (Business Insider)
Hillary Clinton's campaign chair on Sunday slammed Donald Trump's reaction to her campaign's decision to invite billionaire investor Mark Cuban to the first presidential debate.
Voters say this is the ultimate 'lesser of two evils' election (CNN Money)
They don't like either options for President: Hillary Clinton or Donald Trump. Many dub this presidential election the ultimate choice between "the lesser of two evils."
America's respect for Donald Trump has collapsed over three years (Business Insider)
Three years ago, Donald Trump inspired envy and distrust from the average American. Now he inspires contempt and rejection.
Inside the Finals Hours of Debate Prep for Hillary Clinton and Donald Trump (TIME)
After more than a year of wall-to-wall campaigning, the outcome of the 2016 election could hinge on 90 unpredictable minutes Monday night in Hempstead, N.Y.
Technology
I take back everything bad I ever said about the Jaguar F-Type (Business Insider)
I have not been a fan of the Jaguar F-Type.
When I drove an F-Type R in 2015, I came away from the experience grateful but annoyed. The allegedly glorious and gorgeous machine pestered my nerves for days.
‘Magnificent Seven’ Remake From Sony Tops Weekend Box Office (Bloomberg)
“The Magnificent Seven,” a remake of the successful 1960 western that featured Steve McQueen, led the box office in its weekend debut, giving Sony Corp. a win.
UBER’s Newest Security Feature? Selfies That Drivers Must Take Before Going Online (Digital Trends)
Taking a page out of some dating apps, which have recently begun requiring selfie verifications to ensure that users aren’t being fooled by fake profiles, the transportation giant is now requiring real-time photos, too.
Health and Biotech
What Is Anxiety Sensitivity, and Do I Have It? (Scientific American)
When FDR famously proclaimed there is nothing to fear but fear itself, little did he know was forecasting a psychological phenomenon known asanxiety sensitivity.
99.9999999% of your body is empty space (Science Alert)
Some days, you might feel like a pretty substantial person. Maybe you have a lot of friends, or an important job, or a really big car.
Surprising Embryo Study Pushes the Limits of How Life Begins (Singularity Hub)
If you were asked how babies are made in biology class, you’d probably answer with some version of the above dogma. Although most of us have a cursory idea of how conception works, these first few seconds of a human life are actually mind-bogglingly mysterious.
Life on the Home Planet
‘From Paradise to Hell’: How an Aid Convoy in Syria Was Blown Apart (Forbes)
African Rainbow Capital (ARC), an investment firm controlled by South African billionaire Patrice Motsepe, has acquired an 18.36% stake in public listed Afrimat, a company listed on the Johannesburg Stock Exchange.
Russia Must Prove Cease-Fire Willingness in Syria, West Says (Bloomberg)
Russia must prove it is willing to take “extraordinary steps” to help restore a cessation of hostilities in Syria, five western governments and the EU said.
U.K.’s Johnson Says Russia May Have Committed War Crimes (Bloomberg)
Foreign Secretary Boris Johnson said Russia may have committed war crimes in Syria, as the U.K. government joined four other world powers in warning that patience with Moscow is wearing thin.
U.S. Supreme Court has reasons to duck transgender rights fight (Reuters)
The U.S. Supreme Court is set to decide within weeks whether to hear a major transgender rights case for the first time, a dispute involving which bathroom a Virginia high school student can use, but the justices have reasons to duck the issue.
These reenactment photos show how brutal the pivotal battle of the Korean War was (Business Insider)
The Korean War, also known as the Forgotten War, began on June 25, 1950, when the Democratic People's Republic of Korea (DPRK), with 75,000 soldiers, invaded the Republic of Korea (ROK) by crossing the 38th Parallel latitude line that separated the two countries.
Airstrikes Kill at Least 23 in Aleppo, Activists Say (Associated Press, TIME)
"I've never seen so many people dying in once place"
Syrian activists say several civilians have been killed in renewed airstrikes on opposition areas in the contested city of Aleppo.
