The Zombification Of America's Millennials

Nearly four in 10 millennials (39%) say they interact more with their smartphones than they do with their significant others, parents, friends, children or co-workers... the creeping zombification of America continues.

TEPCO Admits Cover-Up Of Fukushima Meltdown

The president of Tokyo Electric Power Company has admitted the company concealed the reactor meltdowns at its Fukushima Daiichi nuclear plant immediately after the March 2011 earthquake and tsunami. "I would say it was a cover-up," Hirose told a news conference. "It's extremely regrettable."

3 Heavily Armed People Arrested At Holland Tunnel On Way To New York City

Three people were arrested with multiple loaded guns, rifles and ballistic vests at the Holland Tunnel Tuesday when police stopped them for driving with a cracked windshield.  The three individuals, two men in their 50s and a woman in her 20s who may be from Pennsylvania, were stopped on the New Jersey side of the tunnel around 8 a.m., authorities said. A search of their vehicle revealed the weapons cache.

Kim Kardashian Disappointed After Senate Votes Down Four Gun-Control Proposals In One Day

In the wake of the Orlando shootings, there has been a renewed push by lawmakers to show their constituents that they are actually working on strengthening gun control measures - now if only anyone could agree on anything. On the same day that the Supreme Court turned away two separate appeals challenging assault weapon bans in New York and Connecticut, the Senate rejected a total of four proposals centered around gun control... and Kim Kardashian is not amused.

Trump Responds To Press Mockery Of "Terrible" Fundraising Report

“If need be, there could be unlimited “cash on hand” as I would put up my own money, as I have already done through the primaries, spending over $50 million dollars. Our campaign is leaner and more efficient, like our government should be.”

Goldman Responds To Yellen's Testimony: "Little New Ground"

"Chair Yellen broke little new ground in testimony before the Senate Banking Committee. She remained upbeat about the economic outlook, but said that the FOMC would need to watch incoming labor market data to determine whether recent signs of slowing are indeed transitory."

Ugly, Tailing 5 Year Auction Sees Lowest Bid To Cover Since 2009

If yesterday's 2 Year auction was at best mediocre, today's auction of $34 billion in 5 Year paper was downright woeful. The high yield of 1.218% tailed the When Issued by a whopping 1.3bps, suggesting far less interest than the market expected. This was confirmed by a look at the fundamentals, which showed a Bid to Cover of just 2.29, far below last month's 2.60 and below the 12month average of 2.45%. In fact, the Bid to Cover was the lowest since 2009.

Short-Term VIX Premium Soars To Highest Since August Crash

Despite the exuberant rally in stocks following the dreadful murder of UK lawmaker Jo Cox last week, investors are anything but convinced that everything is awesome. As polls show the Brexit vote remains very evenly-matched, so traders have piled into short-term VIX protection (covering the next few days) spiking from 11 to 22 in the last week. This is the widest spread to 'normal' VIX since the August crash following China's turmoil-inducing currency devaluation.

The Top 100 Hedge Funds Of 2016 According To Barron's

Here is the table of the Top 100 best performing hedge funds of 2016 ranked by their 3-year compound return, with an average return of 16.98% (ranging from 30% to 12%), outperforming the S&P's 3 year return of 15.13%.

"My Vote's Up For Grabs" - A Millennial's Advice To Trump

"The age of Obama has passed and the ordained era of Democratic power is over. At least when it comes to millennials. Trump can win those voters. But he must continue to move away from the GOP's historical insular focus on social issues. He must woo us with conservative fiscal policies, which promote self-sufficiency and can offer young Americans a brighter, more prosperous future. The times, they aren't a changing, they've already changed."