Financial Markets and Economy
Treasury Bears on Reflation Train Face Peaking Price Pressures (Bloomberg)
Investors need to contend with the waning impact of energy base effects on inflation and a terminal rate that lacks momentum before they can aspire to push interest rates higher.
One of Wall Street's most steadfast bulls is worried about stocks (Business Insider)
In a note sent to clients on Friday, Lee said several factors that had supported his views on the market, including attractive valuations and central-bank support, had turned neutral or possibly negative.
Queensland Braces for Worst Cyclone in Six Years as Debbie Nears (Bloomberg)
Queensland is bracing for its worst cyclone in six years amid expectation that a severe weather system will cross the coast in the north of the Australian state early Tuesday.
Populism is the result of global economic failure (The Guardian)
The rise of populism has rattled the global political establishment. Brexit came as a shock, as did the victory of Donald Trump. Much head-scratching has resulted as leaders seek to work out why large chunks of their electorates are so cross.
There's a civil war in the bitcoin community over the digital currency's future.
Developers, miners, and other stakeholders are locked in a heated debate over how best to scale the network, with chances steadily rising of irreconcilable differences causing a so-called "hard fork" that would split Bitcoin in two.
Sluggish Housing Recovery Took $300 Billion Toll on U.S. Economy, Data Show (The Wall Street Journal)
The decline in homeownership rates to near 50-year lows is partly to blame for the U.S. economy’s sluggish recovery from the last recession, new data suggest.
Cambodia Casino Deal He Didn't Want Returns Malaysia's Chen To Billionaire Ranks (Forbes)
After a two year absence, Malaysian casino and property mogul Chen Lip Keong is back on the Forbes list of the world’s billionaires. Dr Chen – he was a physician before turning to business – is the CEO of NagaCorp, the Hong Kong listed company that runs the extraordinarily successful NagaWorld casino resort in Cambodia’s capital Phnom Penh. Dr Chen also controls two Malaysian property developers.
Companies
Sinopec Sees Profit Jump as Spending to Rise 1st Time Since 2013 (Bloomberg)
China Petroleum & Chemical Corp. said profits during the first quarter of this year are expected to more than double on higher crude prices and stable demand, bolstering plans by the world’s biggest oil refiner to raise spending for the first time in four years.
In January, Uber lost more than 200,000 customers in a single weekend after the #DeleteUber movement led to a fury of account deletions by customers upset about its ties to President Trump.
The High-Speed Trading Behind Your Amazon Purchase (The Wall Street Journal)
I wanted to buy some mini marshmallows recently, so I went on Amazon. Perhaps because of their resemblance to packing material—light, bulky, ubiquitous—I figured they’d be cheap. But when I found the most popular brand, not only did the marshmallows cost twice what I’d pay at my local store, but the price had skyrocketed overnight.
Technology
Google is 'replacing' Google Talk — here's what that means for you (Business Insider)
On June 26, Google will force users of its Google Talk messaging service in Gmail to switch to Hangouts, another company messaging service.
The 6 most expensive products Apple has ever sold (Business Insider)
Apple has always been known for its steep prices. From phones to computers, tablets to cases, if it’s coming from Apple, it will probably be one of the priciest options available.
Nissan Recalls More Than 56,000 Cars, Cites Power Steering (Associated Press)
Nissan is recalling more than 56,000 cars because of power steering hoses that may leak fluid and potentially lead to fires.
Nokia's new Android phones will make their way Stateside (Engadget)
Nokia's 3310 stole the show at Mobile World Congress earlier this year, but it wasn't the only device the brand announced at the event. It also debuted a trio of Android phones called the Nokia 6, 5 and 3.
The 9 craziest ways tech companies are trying to kill off passwords (Business Insider UK)
Passwords are awful.
They're a nightmare to remember. Everyone picks easy-to-use passwords. They re-use the same ones over and over again, making them vulnerable to hacking.
Politics
The Trump Presidency Is Already A Joke (Vanity Fair Hive)
It can reasonably be said that our dear leader is now the most ridiculed man on the planet. In fact, he may well be the most ridiculed man in history. For a preening narcissist who takes himself terribly seriously, being the butt of the joke heard round the world has got to hurt.
'Democrats are smiling': Trump blasts House Republicans and top conservative think tank over healthcare loss (Business Insider)
President Donald Trump on Sunday blasted the group of conservative lawmakers and a prominent right-wing think tank that helped block his healthcare bill from passing.
Labour to oppose 'Henry VIII powers' being used to rewrite EU laws (The Guardian)
Labour will oppose plans in the “great repeal bill” to give ministers sweeping powers to rewrite laws with minimal interference from parliament, Jeremy Corbyn has said.
When UK Prime Minister Theresa May delivered her keynote Brexit speech in January, she spoke from the same London venue where Margaret Thatcher declared the European Union, in its earliest form, "open for business" in 1988.
Joe Biden: I regret not being president – because I could have won (The Guardian)
Barack Obama’s vice-president also hopes Donald Trump, who has had a tempestuous first two months in office since beating Hillary Clinton in the presidential election, “grows into the job a little bit”.
Opposition leader Alexei Navalny detained amid protests across Russia (The Guardian)
Police detained over a hundred people in Moscow and dozens in other Russian cities, as some of the biggest protests against the Kremlin in several years were held across the country on Sunday.
How Republicans can hobble Obamacare even without repeal (Reuters)
The Trump administration has already begun using its regulatory authority to water down less prominent aspects of the 2010 healthcare law.
Hong Kong chooses new Beijing-backed leader amid political tension (Reuters)
A Beijing-backed civil servant, Carrie Lam, was chosen to be Hong Kong's next leader on Sunday amid accusations that Beijing is meddling and denying the financial hub a more populist leader perhaps better able to defuse political tension.
Angry over U.S. healthcare fail, Trump voters spare him blame (Reuters)
The day after the flaming out of U.S. President Donald Trump's first major legislative initiative, his supporters across America were lashing out – at conservatives, at Democrats, at leaders of his Republican Party in Congress.
White House will court moderate Democrats on tax plan: Priebus (Reuters)
White House Chief of Staff Reince Priebus said on Sunday that President Donald Trump's tax plan would include both a border tax and middle class tax cuts that the administration will aim to sell to moderate Democrats as well as Republicans.
Trump "Endorses" Jeanine Pirro's Call For Paul Ryan To Step Down (Zero Hedge)
Fox News host Judge Jeanine Pirro, whose show President Trump urged his followers on Twitter to watch earlier in the day, opened her program at 9pm on Saturday by calling for Speaker Paul Ryan's resignation.
Life on the Home Planet
Islamic State Warns Syrian Dam At Risk, Evacuates Residents (Associated Press)
The Islamic State group ordered residents to evacuate the Syrian city of Raqqa on Sunday following reports that a dam contested by U.S.-backed forces upstream on the Euphrates River could collapse, activists reported.
The 25 most popular travel destinations in the US (Business Insider)
Travel planning and booking site TripAdvisor just announced the results of its 2017 Travelers' Choice awards for destinations. Based on millions of user reviews of hotels, restaurants, and attractions gathered over a 12-month period, it has selected the top 25 destinations to visit in the US right now.
15 People Shot, 1 Killed At Cincinnati Nightclub (Associated Press)
Gunfire erupted early Sunday inside a crowded nightclub with a history of violence, killing one person and wounding more than a dozen others, authorities said.
London attacker Khalid Masood acted alone, according to police (Business Insider UK)
Scotland Yard has said that Khalid Masood, the man behind the brutal attack on Westminster, London on Wednesday, acted alone, according to the BBC.
32 architectural masterpieces everyone should see in their lifetime (Business Insider)
Buildings may be some of the most impressive works of art we have.
After sinking untold sums of money into their construction, we can walk through the finished products and even live inside them.
