iPhone

• China stocks plunge again as hopes for economic recovery fade (Reuters)
• European Stock Gains Defy China Data That Hurt Metals; Oil Rises (BBG)
• Yen falls after Tokyo warning (Reuters)
• Soros Chart Signals BOJ Bond Buying Already Enough to Weaken Yen (BBG)
• Dollar Jump Catches Traders Short in One More Currency Calamity (BBG)
• Even China's Party Mouthpiece Is Warning About Debt (BBG)
• Fed's Evans sees U.S. growth picking up to 2.5 percent, favors 'wait and see' on rates (Reuters)

Authored by Mark St.Cyr,

Over the course of the last week it seemed no matter where I turned in the business media one meme was being pushed above all others: It’s still a great time to be a private tech unicorn. Implying, that funding rounds were still “robust.”

As politicians and businesses trip over each other to see who can raise the minimum wage the fastest and to what extent, the typical "totally unforeseen" consequences of central planning are being felt.

From a human resource perspective, workplace tension is on the rise.

Yesterday we showed dramatic footage from various dash cams capturing the "apocalyptic" inferno that has made a burning ghost town out of Fort McMurray and is still raging in the heart of the Alberta oil sands. Today we present something more personal: in the following clip, Fort McMurray resident James O’Reilly watches on his iPhone as his home of almost 20 years burned to the ground just minutes after he and his wife fled the oncoming wildfire.

• Trump, under pressure to unite Republicans, sharpens attack on Clinton (Reuters)
• Trump's Campaign Upends the Science of Presidential Transition (BBG)
• Trump says Britain would be better off outside EU (Reuters)
• Goldman Said to Extend Fixed-Income Job Cuts to 10% of Staff (BBG)
• Apple's Tim Cook to visit China for government meetings (Reuters)
• China regulator studying impact of overseas-listed firms relisting in China (Reuters)
• China Ponzi Warning to Asset Managers Cites Pooling of Cash (BBG)