Your Evening Briefing
Here are today’s top stories
Coverage of gun violence often focuses on the semi-automatic rifles used in mass killings. But other guns are used three times as often in what’s become a recurring American nightmare.
Federal Reserve officials expect to lift the central bank’s benchmark rate at least two more times this year, and markets are beginning to reflect it.
Sure, their assets are at a record $3.2 trillion and a new ﬁrm just brought in $8 billion. But the hedge fund industry is actually shrinking.
Relying on gadgets to preserve a child’s first steps or the voice of an aging parent is risky. When you go back to look, your memories may be lost to obsolescence. Join us on a mission to recover electronic recollections in a world of rapidly evolving technology.
Why is the EU mad at Malta? Well, its least-populous member is a cryptocurrency and online gambling hub plagued by allegations of corruption and money laundering. And it’s selling passports, Bloomberg Businessweek reports.
What’s Joe Weisenthal thinking about? The Bloomberg news director is wondering whether there’s a bubble in the making for ascendant marijuana stocks such as Canopy Growth and Tilray.
What you’ll need to know tomorrow
- Asia also has weather problems: A super typhoon is headed for Hong Kong.
- There could be another chance for a U.S. peace deal with North Korea.
- How a dead rat in a hotpot took 11 percent off of a China company's stock price.
- There’s a property boom in Cambodia, and China is behind it.
- The secret pricing system pharma middlemen use to rake in millions of dollars.
- Bitcoin’s recent stumble could turn into a full-blown tailspin for the digital currency.
- Your local restaurant may be in trouble as Americans are increasingly eating at home.
What you’ll want to read tonight
This is how NASA technology is being used to put you to sleep: Its surface features a material developed for the U.S. space agency. It’s filled with foam tubes that adjust as you move. It will supposedly prevent you from sweating. And it’s just a pillow.
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