Financial Markets and Economy
How Brexit Is Likely to Keep Beating Up Emerging Markets (Wall Street Journal)
Britain’s vote to leave the European Union is inciting fresh turmoil in emerging markets already struggling with broad-based slowdowns. Part of the problem is investors worry growth in industrializing nations will take a hit as prolonged uncertainty weighs on EU output.
Fed Officials Held Rates in June as Job Slump Raised Uncertainty (Bloomberg)
Federal Reserve officials left interest rates on hold last month as heightened uncertainties about the U.S. labor market and financial stability threatened their outlook, according to minutes of their meeting the week before the U.K. voted to leave the European Union.
U.S. SEC approves NYSE request for new market volatility rules (Business Insider)
The U.S. Securities and Exchange Commission has approved plans by the New York Stock Exchange to speed up and smooth early morning trading in times of market stress.
Stocks Slide With Pound Amid Renewed Worries Over Global Growth (Bloomberg)
Stocks slid with the pound as signs of slowing growth in Europe and comments from Bank of England Governor Mark Carney rekindled anxiety over the global economic outlook. Bond yields tumbled to all-time lows, while crude oil sank.
The Yuan Is Tumbling Again, But Few Seem to Care (Bloomberg)
Global investors are growing more comfortable with a weaker yuan after Chinese authorities improved their communication with markets.
The yen retraced some of its earlier gains (Business Insider)
The Japanese yen retraced some of its earlier gains. As of 1:02 p.m., the currently is sitting up 0.3% at 101.42 per dollar.
U.S. Holds More Oil Than Saudi Arabia or Russia, Rystad Energy Says (Bloomberg)
The U.S. holds more recoverable oil reserves than either Saudi Arabia or Russia, according to Oslo-based consultant Rystad Energy.
Sterling slide is painful but what we need in a global deflation crisis (Telegraph)
Britain faces a frightening array of economic risks if Parliament makes a mess of Brexit, but a sterling crisis is not one of them.
Treasuries Deliver $700 Billion Windfall to World Safety Seekers (Bloomberg)
The 2016 bond-market rally that drove Treasury yields to record lows this week has generated more than half a trillion dollars in gains for global investors.
Italy May Spur Pan-Europe Bank Crisis, SocGen Chairman Says (Bloomberg)
Italy’s banking crisis could spread to the rest of Europe, and rules limiting state aid to lenders should be reconsidered to prevent greater upheaval, Societe Generale SA Chairman Lorenzo Bini Smaghi said.
REIT's Rising Up (Indexology)
REITs used to be seen as step-children – unusual securities with special tax treatments and slightly different accounting. Some investors weren’t sure if REITs were really common stocks. Then in 2002 for the first time a REIT was added to the S&P 500.
These 13 stocks have the biggest chance to skyrocket (Business Insider)
Investors are always looking for the stock that is about to blow up.
Goldman Sachs is no different, and the investment firm is known for its intensive research on publicly traded companies. Goldman releases price targets for each of the companies they research, which indicate where they think the company's stock is headed.
BoA Fund Outflows Surge After Brexit (Value Walk)
News has hit the wires today that the UK’s three largest property funds have halted redemptions as concerns grow about the impact a sudden rush of withdrawals from the UK’s fund management industry will have on the British real estate market.
Can post-Brexit London retain its crown as a global hotspot? (Telegraph)
What makes a city great? With the UK now facing an uncertain future outside the European Union, it is a question that will become increasingly pertinent as the government attempts to negotiate a new trade deal that enables it to remain in the single market and continue to be one of the world’s economic powerhouses.
Gold Daily and Silver Weekly Charts – PMs Looking Good With Peak Bonds and Dodgy Stocks (Jesse's Cafe Americain)
Gold was booming this morning, but as stocks turned around in a short squeeze gold gave back some of its early gains but still finished higher for the day, and a new high for the year.
America’s Trade Deficit Wasn’t Always a Jobs Killer. But It Is Now. (Slate)
Here is something that noted broken clock Donald Trump sort of gets right about our economy: These days, America's trade deficit is a jobs killer.
A New Factor-Based Approach to Classifying and Measuring the Performance of SRI Mutual Funds (Mutual Funds)
SRI has gained a lot of traction in portfolio management in recent years. Total assets managed by agents that included environmental, social, and governance (ESG) criteria in their decision-making processes were estimated at $3.7 trillion by 2013, out of a total $33.3 trillion invested in the US marketplace.
Politics
Democrats Get Serious About Voting Rights (Bloomberg View)
The Democrats are going on the offensive to make voting easier. The draft language in the party's 2016 platform is much stronger than it was in 2012, and that's mostly good for democracy.
Anti-Trump forces see one last chance to block GOP nomination (Market Watch)
Months after Donald Trump appeared to seal the Republican nomination for president, anti-Trump forces still have one last chance to force a vote on the party’s convention floor that would throw open the GOP contest again.
Technology
Pokémon Go launches worldwide on iOS and Android (Venture Beat)
Now you can find a Pokémon on your evening stroll whether you’re in Atlanta or Zurich.
Pokémon Go launched today on the Apple App Store and Google Play worldwide. Go is a location-based augmented reality smartphone game that uses location tech to put monsters in your neighborhood (and elsewhere).
Google Self-Driving Cars Can Now Understand Cyclists' Hand Signals (Popular Science)
Google might be a hand above its self-driving car competitors, at least when it comes to dealing with cyclists on the road.
A new report from the company says the cars, which spent the last month learning hand signals used by cyclists, can now interpret them and consider them when navigating the road, according to a June report of activity from Google.
Health and Life Sciences
Do bigger bottles lead to heavier babies? (Futurity)
Babies who are exclusively formula-fed from larger bottles may be at risk of greater weight gain in infancy and, in turn, of obesity later in life.
Life on the Home Planet
Mass surveillance makes encryption 'essential' for activists in Belarus (The Verge)
Activists in Belarus are facing increased surveillance from the government, according to a new report from Amnesty International, and telecommunications companies are facilitating it. The report, published today, sheds light on how powerful surveillance has forced many activists underground, while underscoring the importance of encryption as a way to evade censors.
Sea worm fossil gives clues to 'common ancestor' (BBC)
Fossils of a sea worm that lived on the ocean floor about 500 million years ago are giving new insights into how early creatures evolved.
