Global Macro / Markets / Investing:
- Tesla to cut about 9% of jobs across company – CNBC
- Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company – Electrek
- What Helps or Hurts Investment Returns? Here’s a Ranking – Bloomberg
- Demographics and long-run growth – VOX
- Cryptocurrencies Lose $46 Billion After South Korean Bourse Hack – Bloomberg
Americas:
- Trump looking to erect tent cities to house unaccompanied children – McClatchy
- The $1.4 Trillion U.S. ‘Surplus’ That Trump’s Not Talking About – Bloomberg
- ‘I’m a Dead Man Walking’ – Politico
- A trade war with Canada makes no strategic sense – Council on Foreign Relations
- U.S. Budget Deficit Widens 23% October Through May on Weak Revenue Growth – WSJ
- U.S. Posts Biggest Monthly Budget Deficit in May Since 2009 – Bloomberg
- The New York City Subway Is Beyond Repair – The Atlantic
- U.S. Inflation Accelerates to Six-Year High, Eroding Wages – Bloomberg
- Landlords Are Practically Giving Malls Away – Bloomberg
- U.S. Consumers Are Getting Deeper in Debt, BofA’s Athanasia Says – Bloomberg
- Trump says he’ll punish ‘the people of Canada’ because of Trudeau’s news conference – Toronto Star
- Of All Countries Threatened With Tariffs, Canada Makes the Least Sense – Barron’s
- Tariffs Won’t Make America Great Again – Pragmatic Capitalism
Europe:
- Italian debt strife reveals pitfalls of Europe’s market structure – FT
- Two big UK banks shift some euro clearing from London to Frankfurt – FT
- European Food According to Italians – Brilliant Maps
- How Democratic Is the Euro? – Project Syndicate
- The Eurozone’s Coming Debt Crisis – Dlacalle
- Sweden Tries to Halt Its March to Total Cashlessness – Bloomberg
- UK to apply to stay in European standards system after Brexit – FT
- Trump tells Macron the EU is “worse” than China – Axios
Asia:
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- Trump Was Outfoxed in Singapore – NY Times
- Trump and Kim Signed Something in Singapore. Here’s What It Says – Bloomberg
- Trump and Kim Have Just Walked Us Back From the Brink of War – NY Times
- Trump Showed Kim Jong Un A Fake Movie Trailer Starring The Two Of Them As Heroes – BuzzFeed
- China’s Bond-Market Mystery: Why Aren’t There More Defaults? – WSJ
- The North Korea summit was a triumph of Trumpian stagecraft, and the media fell for it – Washington Post
- In stunning summit concession, Trump says he will halt Korea war games – Reuters
- Trump surprises with pledge to end military exercises in South Korea – Reuters
- Atrocities Under Kim Jong-un: Indoctrination, Prison Gulags, Executions – NY Times
Trans-Tasman:
- Adani says 450% bigger Carmichael dam does not need new review – The Guardian
- Chinese $13b takeover bid for Australia’s biggest gas network – ABC
- Centrelink’s ‘deeply flawed’ robo-debt to face new investigation – The Guardian
- Trusting the government to protect civil liberties? That’s a sick joke – The Guardian
- Tesla starts delivering Powerpacks for new large battery in Australia – Electrek
- Bank accounts, addresses: Why your sensitive information could be sold to the highest bidder – ABC
- Delivery apps opening ‘dark kitchens’ to create meals exclusively for online orders markets – ABC
- Shorten’s hopes for smooth Labor conference dashed by strong showing by left – The Guardian
- Congestion to plague major Brisbane arterial for another 18 months – ABC
- Demand for release of Airbnb data to tackle Tasmania’s housing crisis – ABC
- Government accepts 104 royal commission recommendations, including confession rule – ABC
- Politicians handed salary surge – The Australian
- Hobart loses cheap housing crown – The Australian
- RBA in new wage growth warning – The Australian
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‘From rockstar to support act’ – Interest.co.nz