Brexit News Archive: 25 Jun 2016

Donald Trump, Over 18 Holes in Scotland, Plays 20 Questions

Touring one of his golf resorts, Mr. Trump spoke on the Brexit vote, his call to ban Muslim immigrants, and how easy he thinks it will be to beat Hillary Clinton.
ASHLEY PARKER / NY Times   |   Sat, 25 Jun 2016 22:11:57

Opinion: Love in the age of Bernie and Hillary

James Dobson says Trump has found a relationship with Christ June 25, 2016, 1:32 p.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. James Dobson says Trump recently found a 'relationship with Christ' Bernie Sanders says he'll cast his ballot...
Money & Company   |   Sat, 25 Jun 2016 22:00:00

COMEX Registered Silver Now More Leveraged Than Gold

By the SRSrocco Report, While the world deals with the ramifications of BREXIT leave vote, the COMEX Registered Silver Inventories reached a new record as it pertains to leverage. Matter-a-fact, the number of owners per ounce of Registered Silver is higher than gold. In the beginning of the year, COMEX ...
Zero Hedge   |   Sat, 25 Jun 2016 21:39:44

Stockman: "At Last The Tyranny Of The Global Financial Elite Has Been Slammed"

Submitted by David Stockman of ContraCorner Bravo Brexit! At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won't be ...
Zero Hedge   |   Sat, 25 Jun 2016 21:10:45

Savers' trusted champion has a positive message: 'This isn't a Lehman moment'

Martin Lewis, the money adviser and remainer, says Brexit is not catastrophic but may hit interest rates Martin Lewis, the man most trusted by the British to inform them about their personal finances, is shocked by Brexit but calm about the consequences. After all, on his own assessment he was ...
Patrick Collinson / Guardian   |   Sat, 25 Jun 2016 20:42:25

One Who Lives In a Glass House....

( Don Boudreaux ) TweetHere's a letter to the Washington Post: Jared Bernstein rightly bemoans the hostility to immigrants that is helping to fuel the political rise of Donald Trump ("Brexit and Trump: When politicians light xenophobic fires, everybody gets burned," June 22). And Mr. Bernstein correctly blames many Americans' ...
Cafe Hayek   |   Sat, 25 Jun 2016 20:29:12

Update on: James Dobson says Trump has found a relationship with Christ

James Dobson says Trump has found a relationship with Christ June 25, 2016, 1:27 p.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. James Dobson says Trump recently found a 'relationship with Christ' Bernie Sanders says he'll cast his ballot...
LA Times   |   Sat, 25 Jun 2016 20:28:00

Blaming Elites For The Rise Of Populism

Whether it's Donald Trump or the Brexit movement, the rise of populism has helped crystalize the fact that there are two kinds of elites: those who like to bash populists for being foolish, and those who like to bash other elites for failing to givepopulists enough of what they want. ...
Adam Ozimek, Contributor / Forbes   |   Sat, 25 Jun 2016 20:18:00

Why I’m Choosing to Become an Irish Citizen

Brexit has suddenly made my life more difficult.
MARK SCOTT / NY Times   |   Sat, 25 Jun 2016 19:51:00

Evangelical leader: Trump recently found a 'relationship with Christ'

James Dobson says Trump has found a relationship with Christ June 25, 2016, 12:05 p.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders...
Money & Company   |   Sat, 25 Jun 2016 19:43:00

The $555 Trillion Derivatives Debt Implosion Is About to Begin

The next crisis is here. The BREXIT or British exit from the EU is this crisis' Bear Stearns: an unexpected situation that Central Banks will go all out to sweep under the rug. Whether or not they will succeed remains to be seen. But what has started cannot be undone. ...
Zero Hedge   |   Sat, 25 Jun 2016 19:36:34

Will Trump go after Clinton over 'Brexit'...

Politico's Azi Paybarah, MSNBC contributor, Victoria DeFrancesco, and MSNBC contributor, Robert Traynham, discuss the economic fallout from the "Brexit" vote and predict what impact it could have on the United States and the 2016 race.
MSNBC   |   Sat, 25 Jun 2016 19:17:45

Brexit is Trumpism without Trump - and voters liked it

Donald Trump's rise to the Republican nomination for president has been so unorthodox that it's hard to figure out its long-term implications. But Britain's Thursday vote to leave the European Union provides strong evidence that Trump's rise will not prove to be just a flash in the pan. Some Americans ...
Vox   |   Sat, 25 Jun 2016 18:50:03

Today's Headlines

Bloomberg: Watershed Vote Ruins S&P 500 Week. After futures plunged more than 5 percent in the darkest hours of Brexit drama early Friday, the S&P 500 Index reverted, erasing nearly half of its losses by the time exchanges opened. Because it rallied 2 percent in the four days leading into ...
Between the Hedges   |   Sat, 25 Jun 2016 18:47:00

Opinion: Hell Is Other Britons

I grew up in a small, closed-off place. The Brexit vote will make the whole country more like it.
TOM WHYMAN / NY Times   |   Sat, 25 Jun 2016 18:30:15

Dispatch: Why I’m Choosing to Become an Irish Citizen

Brexit has suddenly made my life more difficult.
MARK SCOTT / NY Times   |   Sat, 25 Jun 2016 18:30:02

Fortunes Will Be Made & Lost When Capital Flees To Safety

Submitted by Adam Taggart of PeakProsperity Fortunes Will Be Made & Lost When Capital Flees To Safety Little did I realize when creating the short video below how prescient it would quickly become in the wake of last night's Brexit vote... Its message is simple: there's a preponderance of data ...
Zero Hedge   |   Sat, 25 Jun 2016 18:28:53

Clinton ad hits Trump's 'Brexit' response

The Clinton campaign released a new ad responding to Donald Trump's initial reaction to the "Brexit" vote. Political analyst, Amy Holmes, Politico's campaigns editor, Scott Bland, and Senior Fellow at Demos, Richard Brodsky, join MSNBC's Frances Rivera...
MSNBC   |   Sat, 25 Jun 2016 18:17:38

Trump Downplays Market Fears After Brexit Vote: It 'Shouldn't Even Affect' US

ABERDEENSHIRE, Scotland (AP) - Donald Trump is trying to play down Americans' fears about the possible financial fallout from the United Kingdom's vote to leave the European Union. Read More
TPM   |   Sat, 25 Jun 2016 18:13:33

Americans suffer economic blow

Financial analyst, Ali Velshi, Joins MSNBC's Frances Rivera to discuss the economic impact the United States is seeing from "Brexit."
MSNBC   |   Sat, 25 Jun 2016 18:09:16

Two Dividend Stocks For Good And Bad Times

With financial markets on the edge following Brexit, investors have found themselves between a rock and a hard place: a turbulent equity market in which stocks drop by double digits in a few hours, and bank accounts that pay next to nothing in returns. But there are two dividend stocks ...
Panos Mourdoukoutas, Contributor / Forbes   |   Sat, 25 Jun 2016 17:41:00

Trump and Clinton continue to struggle with unfavorable views

What does 'Brexit' mean for the U.S. presidential election? June 25, 2016, 10:33 a.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders...
Kurtis Lee / LA Times   |   Sat, 25 Jun 2016 17:40:00

Trump walking back Muslim ban?

What does 'Brexit' mean for the U.S. presidential election? June 25, 2016, 10:33 a.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders...
LA Times   |   Sat, 25 Jun 2016 17:33:00

U.S. Presidential Race: Revolt Casts a Shadow Over Hillary Clinton’s Cautious Path

Mrs. Clinton offers messages about stability that are similar to the ones put forth by the defeated campaign in Britain’s referendum on leaving the European Union.
PATRICK HEALY / NY Times   |   Sat, 25 Jun 2016 17:14:48

U.S. Presidential Race: Revolt Casts a Shadow Over Hillary Clinton’s Caution

Mrs. Clinton offers messages about stability that are similar to the ones put forth by the defeated campaign in Britain’s referendum on leaving the European Union.
PATRICK HEALY / NY Times   |   Sat, 25 Jun 2016 17:14:47

Trump and Murdoch sit down for post-Brexit dinner

Read full story for latest details.
CNN   |   Sat, 25 Jun 2016 16:48:42

Donald Trump and Rupert Murdoch sit down for post-Brexit dinner

Donald Trump and Rupert Murdoch are meeting for dinner on Saturday -- just one day after the U.K. voted to leave the European Union.
CNN   |   Sat, 25 Jun 2016 16:35:43

Turkey Gloats: "The Crusader Union Falls Apart"

Earlier today, we showed the front pages of British newspapers on the first day after the historic Brexit referendum. Just as amusing front pages, howeve, abound in Turkey and especially among the pro-government (and thus press, such as the Akit newspaper, which looks at the chaos in the UK and ...
Zero Hedge   |   Sat, 25 Jun 2016 16:30:04

Trump backs 'Brexit', shakes up campaign...

Trump advisor Barry Bennett talks with MSNBC's Alex Witt on the Republican nominee's response to the "Brexit" vote and changes in his campaign staff.
MSNBC   |   Sat, 25 Jun 2016 16:22:18

Social Media's Filter Bubble Driving Political Anger

Tom Steinberg is one of those internet gurus who actually does interesting and useful things and he is really on to something with his fears about the filter bubble: I am actively searching through Facebook for people celebrating the Brexit leave victory, but the filter bubble is SO strong, and ...
Guy Fawkes' blog   |   Sat, 25 Jun 2016 16:05:10

I really don't understand what ...

... all the fuss about Brexit is about, given that now more people will visit Turnberry, Scotland to golf. Or maybe not. Although that push to repeal Dodd-Frank may save things!    
Angry Bear   |   Sat, 25 Jun 2016 16:04:47

Financial clearinghouses seem to work pretty well (so far)

There was absolute carnage in various markets following the realization of Brexit, and at times massive asset price changes, sometimes ranging from eight to ten percent, were compressed into minutes or hours. I recall seeing in my Twitter feed that the dollar-pound rate shift was a fourteen-standard deviation event. That's ...
Marginal Revolution   |   Sat, 25 Jun 2016 15:55:33

Live score: Wales vs Northern Ireland

The two British teams meet for the first international clash following the shocking Brexit vote. Could Gareth Bale's Wales upset Northern Ireland after topping the England group?
Times of Malta   |   Sat, 25 Jun 2016 15:50:00

From Brexit to Trump?

Brexit suggests that when the white, poor, angry, and left-behind constituency can be allied to a conservative cause that has millions of other, more devotees, victory is possible. It suggests that hostility to migrants, a cynical trampling on the truth, and a cavalier disdain for expertise can work wonders, such ...
NY Review of Books   |   Sat, 25 Jun 2016 15:47:14

Trump tries to play down Americans' fear of Brexit fallout

Donald Trump is trying to play down Americans' fears about the possible financial fallout from the United Kingdom's vote to leave the European Union
U.S. News   |   Sat, 25 Jun 2016 15:42:08

Opinion: Trollishness pervades American politics in 2016

What does 'Brexit' mean for the U.S. presidential election? June 25, 2016, 8:29 a.m. Donald Trump returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders says he'll cast...
David Horsey / LA Times   |   Sat, 25 Jun 2016 15:33:00

Understatement of the Year

( Steven Hayward ) This Wall Street Journal story this morning about how the Brexit vote unfolded in the Labour Party stronghold of Sunderland wins Power Line's Understatement of the Year Award. Keep in mind that it was the Labour government under Tony Blair that pushed for expanded immigration to ...
Power Line   |   Sat, 25 Jun 2016 15:25:37

The people and movement behind Trump's rise

Former Ohio State Senator and Bernie Sanders' supporter, Nina Turner, Producer/Director of the "Whiteness Project," Whitney Dow, and former Ohio Secretary of State, Ken Blackwell, comment on how the supporters of "Brexit" have some similarities to...
MSNBC   |   Sat, 25 Jun 2016 15:05:42

Weekly Indicators for June 20 -24 at XE.com

- by New Deal democratMy Weekly Indicator post is up at XE.com.There were some Brexit-related moves on Friday, but the overall picture remains the same.
Bonddad Blog   |   Sat, 25 Jun 2016 14:58:00

4 Stock Retirement Portfolio With 6.0% Yields And 100% Upside

All weekend long I've heard from investors terrified of Brexit's impact on their nest eggs. For the most part, they are in or near retirement-and now more than ever they are looking to shift more of their portfolio into fixed-income securities. The problem? These are grim times for fixed-income investors. ...
Brett Owens, Contributor / Forbes   |   Sat, 25 Jun 2016 14:37:00

The UK politics podcast

Brexit Britain - what happens next
FT   |   Sat, 25 Jun 2016 14:33:56

What a Reader/Listener Wants

I think that readers should concentrate on Trump vs. Hillary, Brexit, the Iranian-led armageddon, and so on. But they keep saying, "No, no, we want ballet!" Okay, okay. I have a couple of posts over at The New Criterion. One on La fille mal gardée, here. The other on The ...
National Review   |   Sat, 25 Jun 2016 14:20:54

Brexiters divided over trade and immigration

Policy differences begin to emerge shortly after vote
FT   |   Sat, 25 Jun 2016 13:48:59

Verizon, Walmart Lead Dow, Up 17% This Year

The two Dow Jones Industrial Average stocks least affected by Friday's reaction to the Brexit vote were Verizon Communications Inc. (NYSE: VZ) and Wal-Mart Stores Inc. (NYSE: WMT), down 0.44%... VZ WMT 247paul stock market VZ WMT
24/7 Wall St.   |   Sat, 25 Jun 2016 13:37:48

Trump Packs His Blunt Phrase Book Abroad

In Scotland a day after Britain voted to leave the European Union, Mr. Trump said things that would have set off backlash for almost any other candidate.
MAGGIE HABERMAN / NY Times   |   Sat, 25 Jun 2016 13:34:50

Donald Trump Keeps On Offending, Even Abroad

In Scotland a day after Britain voted to leave the European Union, Mr. Trump said things that would have set off backlash for almost any other candidate.
MAGGIE HABERMAN / NY Times   |   Sat, 25 Jun 2016 13:34:49

Brexit in Berlin: Merkel Sizes Up the Next EU Crisis

Closed-door meetings, crisis talks, hastily arranged diplomatic consultations: Since the British voted to leave the EU, officials in Berlin have been rushing to figure out how to respond. What happens next?
Spiegel   |   Sat, 25 Jun 2016 13:25:40

Why Brexit doesn't mean Trump will win

CNN   |   Sat, 25 Jun 2016 13:10:51

Why Time is Key to Trading Psychology

The recent Brexit trade and its volatility has given us an opportunity to explore an important and neglected topic in trading psychology: time.Here's a useful distinction between novice and expert performers: Under pressure, the novice feels threat and speeds up. Heart rate, galvanic skin response, muscle tension--all increase under pressure ...
TraderFeed   |   Sat, 25 Jun 2016 13:00:00

A Pact Against Brecession: How We Can Prevent Contagion

The British vote has shocked the financial markets, and it also threatens to cripple the German and European economies. What Europeans need now is an emergency stimulus package to fight potential contagion. The clock is ticking.
Spiegel   |   Sat, 25 Jun 2016 12:42:42

What Trump should be doing before the RNC

From extremely low campaign funds to Donald Trump's comments praising "Brexit," Republican strategist Hogan Gidley discusses with MSNBC's Alex Witt what Trump's game plan should be leading up to the National Convention in July.
MSNBC   |   Sat, 25 Jun 2016 12:42:00

For America, May Be a Warning of Limits

Britain’s vote to leave the E.U. may not bring recession to the U.S., but it could mark the end of a period of economic integration and open markets.
NELSON D. SCHWARTZ and PATRICIA COHEN / NY Times   |   Sat, 25 Jun 2016 12:32:49

Annals of mewling idiocy

( Scott Johnson ) Palestinian Authority President Mahmoud Abbas is now serving the twelfth year of his four-year term. He is an absurd and contemptible figure. In a perfectly timed companion to the Brexit referendum, Abbas had the honor of addressing the European Parliament this past Thursday. Abbas drew a ...
Power Line   |   Sat, 25 Jun 2016 12:26:46

Scotland close to calling independence vote

Scotland's government will start to protect its EU membership and prepare for a possible independence vote, Sturgeon says.
CNBC   |   Sat, 25 Jun 2016 12:14:00

So when does Concorde fall on our heads?

Brexit, 3 wins in Oz, haven't heard of the traditional batting collapse yet. So, err, when does it all go wrong? read more
Tim Worstall   |   Sat, 25 Jun 2016 12:06:33

Don't Overestimate the Parallels Between the Donald Trump and Brexit

The U.K.'s vote doesn't mean Donald Trump is headed for a win.
Cary Gibson / U.S. News   |   Sat, 25 Jun 2016 12:00:00

Opinion: The Brits Have Chosen Out and Must Face the Consequences

The economic consequences of a Britain's departure from the European Union are manageable - but only if Europe's leaders handle Brexit properly.
Spiegel   |   Sat, 25 Jun 2016 11:43:29

Does 'Brexit' shadow a Trump win?

MSNBC's Alex Witt sits down with Republican strategist Joe Watkins, and MSNBC Political Analyst and former National Spokesman for Ted Cruz, Rick Tyler, to talk about all things Trump, "Brexit" and the effectiveness of GOP advertising in "blue" states.
MSNBC   |   Sat, 25 Jun 2016 11:37:58

SPANKED! Financial Spreads founder laments 'sadomasochistic' City

Adam Jepsen, founder of Financial Spreads, reckons the market didn't see the Brexit vote coming because investors and gamblers kidded each other on in a 'self-fuelling' prophecy. "If ever proof was needed that the financial markets just aren't that clever, this could be it," Jepsen said in a note. "We ...
Proactive Investors   |   Sat, 25 Jun 2016 11:30:00

10 Weekend Reads

The weekend is here! Pour yourself a mug of French Press coffee, grab a comfortable lounge seat, and get ready for our longer form weekend reads: • The 'Anti-Business' President Who's Been Good for Business (Businessweek) • Be Sure to BREXIT Any Thoughts of Rising Mortgage Rates (Miller Samuel) see ...
The Big Picture   |   Sat, 25 Jun 2016 11:00:07

Current Links

**Most-Recent Must-Reads:** * **Paul Krugman**: [Brexit: The Morning * **Felix Salmon**: [Little England Just Screwed Us * **Charlie Stross**: ["Tomorrow Belongs to * **Martin Wolf**: [Brexit: David Cameron, the Ex-Prime Minister, Took a Huge Gamble and * **Bloomberg**: **Most-Recent Links:** * **FT Alphaville**: [Brexit: the...
Grasping Reality   |   Sat, 25 Jun 2016 10:33:29

All things Trump

What does the Brexit mean for the U.S. presidential election? June 24, 2016, 7:44 p.m. Donald Trump returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders says he'll...
LA Times   |   Sat, 25 Jun 2016 10:20:00

All things Clinton

What does the Brexit mean for the U.S. presidential election? June 24, 2016, 7:44 p.m. Donald Trump returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders says he'll...
LA Times   |   Sat, 25 Jun 2016 10:10:00

Property buyers eye London bargains

Currency movements create discounts in wealthiest areas but others deterred by Brexit uncertainty
FT   |   Sat, 25 Jun 2016 10:00:34

Whether you're reeling or rejoicing, #BrexitIn5Words lets you vent

A day after Britain voted to leave the European Union, Twitter users had a chance to react concisely with the hashtag #BrexitIn5Words. Here's a sampling of responses:
Times staff / LA Times   |   Sat, 25 Jun 2016 09:17:00

Leave campaign rows back on key pledges on immigration and NHS spending

Tory MEP Daniel Hannan says Brexit voters will be 'disappointed' if they think there will now be zero immigration from EU The leave campaign has appeared to row back on key pledges made during the EU referendum campaign less than 24 hours after the UK voted for Brexit, after it ...
Ben Quinn / Guardian   |   Sat, 25 Jun 2016 08:59:47

Behind the support for Brexit and Trump: Economic resentment

WASHINGTON (AP) - The United Kingdom's stunning vote to leave the European Union was driven by much of the same sentiment that fueled Donald Trump's insurgent march toward the Republican presidential nod: A rejection of economic globalization and the elites who favor it by those who feel left behind.
Associated Press   |   Sat, 25 Jun 2016 08:18:00

Liberal Cosmopolitans Lash Out at the Shattering of Their Worldview

If Brexit's critics are right, the European Union should be glad to be rid of the United Kingdom.In the wake of the U.K.'s decision to withdraw from the EU, the anti-Brexit crowd has leaped to explain the vote in stark terms. "The force that has been driving ['Leave' voters] is ...
National Review   |   Sat, 25 Jun 2016 08:00:41

Brexit: A Cousin of Trumpism? A Distant Cousin of Fascism?

June 24, 2016: I spoke to my friend in Britain this morning. Still absorbing the shock that her nation had voted itself out of Europe, she said, "Today I live in a different country." I recognized the sentiment. It was widespread in this country, the USA, in the wake of ...
The Berkeley Blog   |   Sat, 25 Jun 2016 07:36:35

How Remain camp could have avoided defeat

The 11 mistakes that led to the Brexit vote
FT   |   Sat, 25 Jun 2016 07:21:55

Donald Trump says Brexit a 'great thing' as he visits UK to open golf course

Our Foreign Staff / Telegraph   |   Sat, 25 Jun 2016 07:18:20

Cantor Fitzgerald CEO's advice for investors: Stay the course, keep in equities

The U.S. stock market's reaction to the Brexit vote makes no sense, Howard Lutnick says. Here's why he thinks it's the place to be.
Here Is The City   |   Sat, 25 Jun 2016 06:02:45

No immediate impact on credit ratings for UK banks, says S&P

Shares in Barclays Plc (LON:BARC), Lloyds Banking Group Plc (LON:LLOY) and Royal Bank of Scotland Group Plc (LON:RBS) were among the worst hit on Friday as they plummeted 20%, 21% and 17% respectively. The Brexit may in the future impact upon growth in the banking sector, availability of funding, and ...
Proactive Investors   |   Sat, 25 Jun 2016 06:01:00

Donald Trump says Brexit is 'great development'

US presidential candidate Donald Trump thrust himself into the heart of Britain's vote to leave the European Union, calling it a "great" development and drawing parallels to his own insurgent campaign. In Scotland to reopen a golf resort he owns, the wealthy New York businessman wasted no time interpreting the ...
Times of Malta   |   Sat, 25 Jun 2016 05:56:00

The culture that is Cornwall

Cornwall has issued an urgent plea for reassurance that it will not be worse off following the Brexit vote. The county has received a "significant amounts" of funding from the EU for the past 15 years due to its "relatively weak economy". But, after 56.5% of voters in the county ...
Marginal Revolution   |   Sat, 25 Jun 2016 05:37:25

Brits search for Irish passports

British citizens began frantically looking for ways to keep their European citizenship on Friday morning after a referendum on leaving the EU passed in a close vote.
CNN   |   Sat, 25 Jun 2016 05:37:20

Does Brexit mean Trump will win?

British voters just shattered political convention in a stunning repudiation of the ruling establishment. Donald Trump is betting America is about to do the same.
CNN   |   Sat, 25 Jun 2016 05:16:27

Crisis or speed bump? What Brexit vote means for Europe, world economy

Britain's vote to leave the European Union adds a heavy dose of uncertainty to a world economy that is still struggling to reach full speed years after the global financial crisis. The most immediate pain will be felt in Britain. But economists say the ripples could be felt much farther ...
Japan Times   |   Sat, 25 Jun 2016 04:47:46

Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It"

During a CNBC inteview today, when discussing the historic Brexit vote outcome, Alan Greenspan unleashed a fiery sermon that could have been prepared just by reading a random selection of posts from this website, the former Fed chairman told his shocked hosts that the current period, far from the raging ...
Zero Hedge   |   Sat, 25 Jun 2016 03:37:05

Pres. Obama: 'We don't have time for bigotry'

One day after the world was stunned by the Brexit vote in the UK, Pres. Obama used a speech in Seattle to remind voters what's at stake in America's presidential election in November. MSNBC's Ari Melber discusses that with Catherine Rampell.
MSNBC   |   Sat, 25 Jun 2016 02:55:18

Trump on Brexit: It's good for my golf course

With world markets losing $2.1 trillion in one day on the Brexit news, Donald Trump arrived in Scotland to re-open his golf course. And then Trump proceeded to talk a lot about that golf course. MSNBC's Ari Melber talks to Rick Tyler and David Corn.
MSNBC   |   Sat, 25 Jun 2016 02:20:42

The old have ruined it for us

The less time a person had left to live and face up to their decision, the more likely they were to vote for Brexit.
Austrailian   |   Sat, 25 Jun 2016 02:11:00

Brexit 'Leave' Voters Get An Unexpectedly Fast, Harsh Dose Of Reality

In democracies, politics at the national level often revolves around powerful sentiments and grand abstractions. That's true of U.S. presidential campaigns (think, "Make America Great Again") and it's true of this week's Brexit vote, in which Britain shocked the world by voting to leave the European Union. But here's the ...
John McQuaid, Contributor / Forbes   |   Sat, 25 Jun 2016 02:06:00

Nando's quashes closure fears after Brexit rumour goes viral

Chris Graham / Telegraph   |   Sat, 25 Jun 2016 01:50:31

Trump bungles Brexit response in Scotland

Rachel Maddow reports on Donald Trump's bizarre press conference from his gold course in Scotland in which he didn't seem to grasp the significance of the Brexit vote that had just taken place, and definitely didn't realize that Scotland had voted...
MSNBC   |   Sat, 25 Jun 2016 01:38:40

Cheaper UK Holiday But Aviation Regulation Is One Huge Issue After Brexit Vote

The UK vote to leave the European Union will have immediate and longterm implications for travellers, and various sectors of the travel & tourism industry are starting to lay outthe likely scenarios. London: Its status as entry hub to Europe may be challenged. Photo credit: Wego Ross Veitch, CEO and ...
Raini Hamdi, Contributor / Forbes   |   Sat, 25 Jun 2016 01:37:00

Homebuyers 'Wait And See' Amid EU Uncertainty

House sales are expected to fall as people put major financial decisions on hold after UK voters backed Brexit.
Sky   |   Sat, 25 Jun 2016 01:34:29

Italeave, Finish, Czechout, Oustria, Byegium and Departugal

June 24, 2016 By Steve Blumenthal "Italeave, Finish, Czechout, Oustria, Byegium and Departugal." - Wilfred Frost, CNBC, June 24, 2016 Brexit! The world markets are in shock. What's next? You'll find my thinking below. This is day 1. There is [...]
Value Walk   |   Sat, 25 Jun 2016 01:25:18

Is the Precursor to a Donald Trump Presidency? Not So Fast

Some impulses that drove the vote to leave the European Union are at play in the presidential race, but the differences are just as stark.
JONATHAN MARTIN and ALEXANDER BURNS / NY Times   |   Sat, 25 Jun 2016 01:11:16

Morgan Housel on Brexit

The latest from Morgan: An investor friend of mine, Tren Griffin, jokes whenever market-moving news occurs that he "cannot wait to get to my computer [...]
Eddy Elfenbein / Eddy Elfenbein   |   Sat, 25 Jun 2016 01:00:13

Peter Schiff: "Brexit Is Just What The Doctor Ordered"

Submitted by Peter Schiff via Euro Pacific Capital, Janet Yellen should send a note of congratulations to Nigel Farage and Boris Johnson, the British politicians most responsible for pushing the Brexit campaign to a successful conclusion. While she's at it she should also send them some fruit baskets, flowers, Christmas ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 01:00:00

Calais mayor calls for migrant camps to be moved to Britain following Brexit vote

Barney Henderson / Telegraph   |   Sat, 25 Jun 2016 00:59:02

What psychology reveals about the Brexit vote

Shannon Proudfoot on a new study that sheds light on how attitudes toward immigration fit in with someone's general sense of control over life The post What psychology reveals about the Brexit vote appeared first on Macleans.ca .
Shannon Proudfoot / Macleans   |   Sat, 25 Jun 2016 00:57:40

Maclean's on the Hill: Brexit, Duffy, CPP and immigration

The Maclean's Ottawa bureau gives you its weekly podcast on all things #cdnpoli The post Maclean's on the Hill: Brexit, Duffy, CPP and immigration appeared first on Macleans.ca .
macleans.ca / Macleans   |   Sat, 25 Jun 2016 00:50:11

How Britain’s Breakup With the E.U. Could Reshape World Markets

The global consequences of the so-called Brexit are unclear, but analysts hope that changes made since the financial crisis will moderate the damage.
PETER S. GOODMAN / NY Times   |   Sat, 25 Jun 2016 00:48:40

Applause from French far right

Brexit has garnered applause from the leader of France's extreme right party and mixed opinions from some who blame the British prime minister for what they call a catastrophe. CNN's Jim Bittermann reports.
CNN   |   Sat, 25 Jun 2016 00:38:15

A kingdom united in name only

Brexit came to be a referendum on the future of the U.K.-and exposed a nation dangerously divided The post A kingdom united in name only appeared first on Macleans.ca .
Leah McLaren / Macleans   |   Sat, 25 Jun 2016 00:36:30

Brexit: 'An unprecedented geopolitical shift'

The result of the EU referendum puts Britain on a precipice where it has never been before, writes historian Lord Peter Hennessy.
BBC   |   Sat, 25 Jun 2016 00:36:12

Friday Humor: What Comes After Brexit

On a day full of tears, jeers, and fears for many, we thought a little humor might help... What comes after Brexit? Brexit. Grexit. Departugal. Italeave. Fruckoff. Czechout. Oustria. Finish. Slovakout. Latervia. Byegium. - Rahul Goma Phulore (@missingfaktor) June 21, 2016 In other words...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 00:35:00

From Brexit to Trump?

The voters who drove the referendum for Britain to leave the E.U. have a similar background to those backing Donald Trump.
MSNBC   |   Sat, 25 Jun 2016 00:31:53

Brexit's uncharted territory: Can the EU save itself?

No-one can predict the consequences of Britain's referendum result for the European Union, writes Chris Morris in Brussels.
BBC   |   Sat, 25 Jun 2016 00:31:04

The Brexit Boys: Boris, Nigel and David

David Cameron's political ploy got Britain into a mess - and a pair of controversial politicians exploited his error.
MSNBC   |   Sat, 25 Jun 2016 00:25:31

Trump reacts to Brexit

Today might have given us one of the strangest scenes in American presidential campaign history, when Donald Trump arrived in Scotland just hours after the most consequential geo-political event in recent history.
MSNBC   |   Sat, 25 Jun 2016 00:17:07

'Brexit' Collateral Damage Puts Japan in Hot Seat

With "Brexit" sending the yen to its strongest level in years, the Bank of Japan will need to prepare a response.
Heard on the Street   |   Sat, 25 Jun 2016 00:15:55

Nearly Lost in the Brexit Shuffle: Our Durable Goods Falling Knife

Click to enlarge.Get out the party hats. Sigh.Source Data:St. Louis Fed: Manufacturers' New Orders: Nondefense Capital Goods Excluding Aircraft
Stagflationary Mark / Illusion of Prosperity   |   Sat, 25 Jun 2016 00:15:00

Global markets take $2tn Brexit hit

Largest single day drop since at least 2007 as investors dump risky assets
FT   |   Sat, 25 Jun 2016 00:14:20

What investment managers are saying

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 5:05 p.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
James Rufus Koren / LA Times   |   Sat, 25 Jun 2016 00:06:00

Film industry not spared from Brexit impacts

Seeking Alpha / Seeking Alpha   |   Sat, 25 Jun 2016 00:03:08

Brexit: How Quickly May the Surprise Wear Off?

As markets digest the shock decision of UK voters to leave the European Union (EU), Templeton Global Equity Group's Dylan Ball believes investors will want to focus on the fundamentals of stocks in their portfolio, while keeping an eye out [...]
Franklin Templeton Investments / Value Walk   |   Sat, 25 Jun 2016 00:00:27

Magna Carta 2.0: Good for Freedom, Good for Growth

The original Magna Carta was a charter agreed to by King John of England in 1215. It just celebrated its 801st anniversary. So no, I wasn't there. But that charter has become part of an important, iconic, political myth that the deal between an unpopular king and rebellious barons marked ...
National Review   |   Sat, 25 Jun 2016 00:00:12

Vox Sentences: Brexistential crisis

Your Brexit panic reading guide. Vox Sentences is written by Dylan Matthews and Dara Lind. TOP NEWS Brexit: the vote Mary Turner - WPA Pool/Getty Images The United Kingdom has voted to leave the European Union. [Vox / Timothy B. Lee and Zack Beauchamp] This is a shocking result. Perhaps ...
Vox   |   Sat, 25 Jun 2016 00:00:03

US stocks plunge on Brexit

NEW YORK - US stocks dived Friday after Britain's surprise vote to leave the European Union, joining a global equity rout amid rising uncertainty about the future of Europe.
Bangkok Post   |   Fri, 24 Jun 2016 23:58:00

Brexorcism

Just a few months ago the idea that Britons would vote to leave the EU seemed implausible. But to the shock of the world, that's what they just did. A short while back the idea of Donald Trump as president seemed equally inconceivable. Does the Brexit vote tell us we ...
FT The World   |   Fri, 24 Jun 2016 23:57:56

Talk on Social Media Heavily Favored the Side

Seven of the top 20 Facebook pages with the most engagement around “European Union” were explicitly pro-exit, according to CrowdTangle data.
JOHN HERRMAN / NY Times   |   Fri, 24 Jun 2016 23:57:54

Energy companies most exposed to Brexit

Energy companies could be most exposed to the effects of a Brexit.
CNBC   |   Fri, 24 Jun 2016 23:57:00

Germany warns against EU 'revenge' following UK Brexit vote

Reuters / Telegraph   |   Fri, 24 Jun 2016 23:43:37

Brexit: The 'Scary' Challenge For Businesses

Although many firms do not expect trade to be hit in the short-term, some worry about the impact prolonged uncertainty could have.
Sky   |   Fri, 24 Jun 2016 23:40:50

Brexit: Should Dividend Investors Care?

As I write this post, stock markets around the world are reeling. The S&P 500 finished down more than 3.5%, most European markets closed down at least 6% (including double-digit losses in Italy, Spain, and Greece), and Japan's Nikkei 225 [...]
Simply Safe Dividends / Value Walk   |   Fri, 24 Jun 2016 23:38:41

Black Friday: Shocking Brexit Vote Result Causes The 9th Largest Stock Market Crash In U.S. History

Has the next Lehman Brothers moment arrived? Late Thursday night we learned that the British people had voted to leave the European Union, and this could be the "trigger event" that unleashes great financial panic all over the planet. Of course stocks have already been crashing all over the globe ...
Michael Snyder / Economic Collapse   |   Fri, 24 Jun 2016 23:36:49

Is Brexit a Monetary Shock?, by David Henderson

Both co-blogger Scott Sumner and blogger David Beckworth argue that the Brexit vote is a large monetary shock. To be a monetary shock, it has to be either (1) a shift in the supply of money or (2) a shift in the demand for money. Scott argues that it's not ...
EconLog   |   Fri, 24 Jun 2016 23:23:28

New Yorker's take on Brexit: 'Silly Walk Off a Cliff'

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 4:22 p.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
LA Times   |   Fri, 24 Jun 2016 23:22:00

'Brexit' Vote Wreaks Havoc in Markets

The outcome sent global stocks tumbling, battered the British pound and broke records in government-bond yields as the world's financial markets braced for an uncertain future for Europe.
WSJ   |   Fri, 24 Jun 2016 23:21:07

Bove: US banks in phenomenally strong position

Dick Bove, Rafferty Capital, discusses the Brexit effect on the U.S. banking industry.
CNBC   |   Fri, 24 Jun 2016 23:20:00

How Brexit could affect 2016 election

The Brexit vote is rooted in nationalistic, anti-elite, anti-immigrant forces similar to those empowering Donald Trump's campaign. More on what the British exit means for our own political future.
MSNBC   |   Fri, 24 Jun 2016 23:17:27

Brexit batters big banks

CNBC's Kayla Tausche reports on how banks on both sides of the Atlantic are faring post-referendum and what they can expect going forward.
CNBC   |   Fri, 24 Jun 2016 23:17:00

BREXIT - FBN Crushes CNBC

Fox Business Network (FBN) continues to triumph over CNBC - This is the first time ever FBN topped CNBC in primetime breaking business news coverage with total viewers. Jay Leno couldn't even help CNBC post a win ... when business news [...]
VW Staff / Value Walk   |   Fri, 24 Jun 2016 23:12:39

The 5 Most Important Things You Need To Know About The Brexit

It will take years for the full ramifications of the Brexit to unfold. In the meantime, here are the five most important things you need to know about this historic decision.
Maggie McGrath, Forbes Staff / Forbes   |   Fri, 24 Jun 2016 23:12:00

Investment managers ponder the 'Brexit' vote; one calls it evidence of 'a bear market in confidence'

To star Los Angeles investor Jeffrey Gundlach, bull markets and bear markets aren't about how much stocks have climbed or fallen, but about teamwork - whether players in the economy are working together. "Bull markets are about cooperation," Gundlach, chief executive of downtown L.A. money manager...
James Rufus Koren / LA Times   |   Fri, 24 Jun 2016 23:11:00

What does Brexit reveal about a global generational divide?

Three-quarters of 18-24 year olds voted to stay in the European Union. The younger the voter, the more likely they were to vote to remain. The post What does Brexit reveal about a global generational divide? appeared first on Macleans.ca .
Zane Schwartz / Macleans   |   Fri, 24 Jun 2016 23:10:24

The Fed's calculus

CNBC's Steve Liesman reports on the outlook for policy from the U.S. Federal Reserve following the surprise Brexit outcome.
Steve Liesman   |   Fri, 24 Jun 2016 23:08:00

Polls Fail To Call It Right Again

Believing in the accuracy of polls once again, bulls were slaughtered as the BREXIT vote reversed late polling results calling for an exit vs remain. The shock hit stock markets globally quite hard. It must be said in the U.S. at least the declines only wiped out, and then some, ...
ETF Digest   |   Fri, 24 Jun 2016 23:07:03

Law firms see short-term opportunity, long-term peril in Brexit

By Anthony Lin New York (Reuters) - As the reality of Britain's vote to exit the European Union sank in on Friday, international law firms began sending out emails, warning actual and potential clients of issues that could arise due to "Brexit." Some set up 24-hour hotlines to field queries. ...
Business Insider   |   Fri, 24 Jun 2016 23:06:54

We need clarity on this contagion: Pro

CNBC Contributors Jim Lebenthal, Lebenthal Asset Management CEO, and David Seaburg, Cowen & Co. Head of Sales Trading, discuss the near-term U.S. market effects from the Brexit referendum.
CNBC   |   Fri, 24 Jun 2016 23:04:00

Global repercussions of Brexit

The world reacted with shock at the news the United Kingdom voted to leave the European Union. It's a decision that could have huge repercussions for Europe and America.
MSNBC   |   Fri, 24 Jun 2016 23:03:42

Cramer: US will be a safe haven

Jim Cramer takes on the world after a Brexit, and outlines what it could mean for the global economy.
CNBC   |   Fri, 24 Jun 2016 23:03:00

The Invisible Hand Props Markets

It's said loud and clear on the Street that clients and investors in general aren't buying this rally. Low volume suggests this. Tuesday markets were weak early given BREXIT worries but then out of the blue buyers appeared boosting markets well off their lows. Wednesday stocks opened weak once again ...
ETF Digest   |   Fri, 24 Jun 2016 23:02:24

Brexit Campaign Suspension Allows Markets To Rally

Markets were short-term oversold entering Thursday. The assassination of anti-BREXIT MP, Jo Cox, prompted bulls to squeeze shorts as BREXIT was either put off or gave anti-BREXIT forces time to win the day. And, that's that. There wasn't any other news, although oil prices fell sharply. This reversed previously strong ...
ETF Digest   |   Fri, 24 Jun 2016 23:02:00

The Brexit debate is far from over: there will have to be a further vote

Britain has voted for Brexit but what comes next is remarkably unclear. James Strong argues that four key questions remain. When will negotiations begin? What will they focus on if those for Brexit have two main desires: to restrict the movement of people but also have the best trading relationship ...
BPP Team / British Politics and Policy at LSE   |   Fri, 24 Jun 2016 23:01:25

Brexit: Scottish cabinet to discuss response to Leave vote

Scotland's First Minister Nicola Sturgeon is to hold a cabinet meeting in Edinburgh to discuss her government's response to the UK voting to leave the EU.
BBC   |   Fri, 24 Jun 2016 23:01:03

Krugman on Brexit

I generally agree with what P. Krugman writes here: I'm finding myself less horrified by Brexit than one might have expected - in fact, less than I myself expected. The economic consequences will be bad, but not, I'd argue, as bad as many are claiming. The political consequences might be ...
Robert Wenzel / Economic Policy Journal   |   Fri, 24 Jun 2016 23:01:00

Quoted

"What's happening now is a powerful countervailing force where people are saying, 'Stop the world, I want to get off it. I want to return to previous certainties,'" -Mark Leonard, who studies European policy, on Brexit. "So it is almost certain unless something dramatic changes, 25 percent of Puerto Rico ...
Rosa Inocencio Smith / The Atlantic   |   Fri, 24 Jun 2016 23:00:00

Tony Blair: Brexit’s Stunning Coup

Unless the political center finds new resolve, populist movements of left and right will rush in to fill the power vacuum.
TONY BLAIR / NY Times   |   Fri, 24 Jun 2016 22:50:59

Last Week's best reads

IEX scores a victory, the CPP expands, and Brexit hits Bay Street
Globe Investor Streetwise   |   Fri, 24 Jun 2016 22:48:45

$657B in U.S. wealth shredded by 'Brexit'

Brexit isn't just a European problem after all. The U.K.'s decision is costing U.S. investors a pretty penny.
USA Today   |   Fri, 24 Jun 2016 22:46:15

The British establishment didn't think 'Brexit' could win, but it did. Here's why.

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 3:40 p.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
Ann M. Simmons / LA Times   |   Fri, 24 Jun 2016 22:40:00

The More It Hurts, the More You Make: Investing After Brexit

Investors hate uncertainty, but they despise surprise. And the ability to withstand the shock of surprise is what separates great investors from everyone else.
Jason Zweig / MoneyBeat   |   Fri, 24 Jun 2016 22:38:45

Newspaper headlines: 'New Britain' and Brexit 'earthquake'

Saturday's papers include an invitation to British voters to "take a bow" after backing Brexit - but the pro-Remain press asks "what happens now?"
BBC   |   Fri, 24 Jun 2016 22:34:05

JPMorgan post-Brexit plan hinges on tone of discourse in Europe

By David Henry NEW YORK (Reuters) - JPMorgan Chase & Co is grappling with how much of its business can stay in Britain and a lot will depend on how well European Union and U.K. politicians appear to be getting along. It is still unclear whether JPMorgan, the largest U.S. ...
Business Insider   |   Fri, 24 Jun 2016 22:33:39

Clips from Today's Halftime Report: Brexit Edition

Watch the video inside. ...
Alex Palumbo / Reformed Broker   |   Fri, 24 Jun 2016 22:30:41

Bitcoin Rollercoaster Rides Brexit As Ether Price Holds Amid DAO Debacle

Bitcoin and ether prices rode a rollercoaster during the week ending 24th June, a period defined by the UK's vote to leave the European Union.
Charles Bovaird / CoinDesk   |   Fri, 24 Jun 2016 22:30:09

Cramer: Why now is not the time to buy

Even before the Brexit vote, Jim Cramer saw some concerning signs for stocks coming from these industries.
CNBC   |   Fri, 24 Jun 2016 22:30:00

Left wing activists protest in east London and Edinburgh against Brexit vote

David Millward / Telegraph   |   Fri, 24 Jun 2016 22:29:00

Cramer's game plan: Until this group stabilizes, we need to keep worrying

Jim Cramer shares his outlook on the impact of a Brexit for the market next week.
CNBC   |   Fri, 24 Jun 2016 22:25:00

Brexit's consequences, according to an expert:

Brexit, the UK's vote to leave the EU, has totally stunned the world. Almost no experts saw this coming, and professional foreign policy watchers appear to be in a state of panic. Not because they blew the call, but because Brexit seemed too scary to actually happen. To understand why ...
Zack Beauchamp / Vox   |   Fri, 24 Jun 2016 22:24:36

Cramer: Why US stocks fell more than UK

Following the Brexit vote that rocked Europe, Jim Cramer explains why U.S. stocks fell more than the U.K.
CNBC   |   Fri, 24 Jun 2016 22:24:00

Why the Remain Campaign Lost the Brexit Vote

To many people around the world, the United Kingdom's vote on Thursday to quit the European Union came as a great shock. But the fifty-two per cent to forty-eight per cent result in favor of the "Leave" option shouldn't have been such a surprise. The fact is the E.U. has ...
John Cassidy / The New Yorker   |   Fri, 24 Jun 2016 22:23:22

Will the 'Brexit' mark the end of the age of globalization?

For decades, financial and political leaders have preached the inevitability of globalization, promising nations that by sacrificing some of their sovereignty and dropping national barriers they could reap far greater rewards through economic integration and cooperation. And that turned out to...
Don Lee / LA Times   |   Fri, 24 Jun 2016 22:22:00

What role did skepticism play in the Brexit campaign?

Britons might have had enough of experts. What happens when they truly have had enough of politicians? The post What role did skepticism play in the Brexit campaign? appeared first on Macleans.ca .
Colin Horgan / Macleans   |   Fri, 24 Jun 2016 22:18:30

How Will The Brexit Affect Small-Caps?

How Will The Brexit Affect Small-Caps? by Chris Clark and Francis Gannon - The Royce Funds Royce's Co-Chief Investment Officers Chris Clark and Francis Gannon on the surprising Brexit and the importance of prudence and perspective in the days ahead. Uncertainty Is No Friend [...]
Royce Funds / Value Walk   |   Fri, 24 Jun 2016 22:17:44

Market Update: Brexit Volatility

A 75-year experiment has officially unraveled as the U.K. leaves the European Union. Jack discusses the many ancillary effects on...
OpenMarkets / OpenMarkets   |   Fri, 24 Jun 2016 22:17:23

Brexit: The EU referendum, from Edinburgh to London

As the UK voted to leave the EU, the BBC's Nick Robinson took a road trip the length of the country to gauge the result.
BBC   |   Fri, 24 Jun 2016 22:13:00

Are California companies vulnerable to 'Brexit' turmoil?

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 3:09 p.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
James Rufus Koren and Andrew Khouri / LA Times   |   Fri, 24 Jun 2016 22:09:00

What explains Britain's Brexit shocker?

The result of the U.K. referendum on European Union membership has been a surprise and massive shock to so-called "expert" opinion. And not just to academic opinion: The betting markets, which are supposed to be inhabited by experts at setting odds, were assigning just a one-in-seven probability to a majority ...
Barry Eichengreen / The Berkeley Blog   |   Fri, 24 Jun 2016 22:08:15

Young People Just Got Brexited by Their Parents

Unless the whole United Kingdom lines up for Brexit confessionals-The Only Way Is Brexit, anyone?-we don't have much, beyond geographical voting data, to help us understand the souls who just delivered this momentous political upheaval. But one demographic trend seems clear: The decision to leave the European Union was taken ...
Moneybox   |   Fri, 24 Jun 2016 22:06:22

After Brexit

Athens, Greece -- It was clear by early Friday that the British electorate has given two fingers to the European Union, and voted for "Brexit." It is less clear how Britain will extricate itself from its treaty obligations to the EU, whether the EU's leaders will carry out their threat ...
Dominic Green / National Review   |   Fri, 24 Jun 2016 22:05:54

Market Recap Jun 24, 2016

Markets were caught wrong footed Friday as just about all signals were projecting a "Remain" vote rather than a "Brexit". Thus indexes gapped down sharply and were deep in the red all day - the S&P 500 fell 3.59% and the NASDAQ 4.12%. On a percentage basis the Dow and ...
Stock Trading To Go   |   Fri, 24 Jun 2016 22:05:05

'Brexit' wipes out $657B in U.S. wealth

Brexit isn't just a European problem after all. The U.K.'s decision is costing U.S. investors a pretty penny.
USA Today   |   Fri, 24 Jun 2016 22:03:22

The bleak world after Brexit

The unthinkable happened
Hurriyet   |   Fri, 24 Jun 2016 22:01:00

Brexit rocks the markets and CPP to grow: BUSINESS WEEK WRAP

From the U.K.'s market-shaking vote to quit the EU to the revamping of the Canada Pension Plan it was a busy week in business news. The CBC's Jacqueline Hansen is here to get you caught up in her weekly video recap.
CBC News / CBC   |   Fri, 24 Jun 2016 22:00:00

Checklist: markets rocked by Brexit vote

Pound and bank shares plunge but Treasuries and gold soar in investor flight to safety
FT   |   Fri, 24 Jun 2016 21:58:16

Calm Down, Brexit Will Not Be A Catastrophe

Brexit does create uncertainty, and uncertainty negatively affects the economy in the short run. The more important question is the long run.
Paul Roderick Gregory, Contributor / Forbes   |   Fri, 24 Jun 2016 21:58:00

European Expats Ponder Future in Brexit Britain

Across the U.K., European expats who have put down roots in Britain woke up confronting the threat of a tectonic shift in their relationship with their adopted country after the country's vote to leave the European Union.
WSJ   |   Fri, 24 Jun 2016 21:55:40

After Brexit vote, CIBC's Paul Holden does retake on Fairfax - now a sector performer, $700 target

The key reason for the switch is Holden's belief that the British vote will alter the global macro and financial outlook, particularly interest rates
Barry Critchley / Financial Post   |   Fri, 24 Jun 2016 21:55:28

Citigroup's Protective Cocoon

June 24, 2016Citigroup CEO reassures staff on Brexit: 'Citi is well positioned'Last year, we created a group of senior leaders from across our businesses and functions to ensure we were prepared for this possible outcome.It is everything you've dreamed of. It is nothing you expect. It is the mystery of ...
Illusion of Prosperity   |   Fri, 24 Jun 2016 21:55:00

'Good luck' - how the world reacted to Brexit on Saturday morning

Our Foreign Staff / Telegraph   |   Fri, 24 Jun 2016 21:54:38

Brexit: Australia will be hit as world will become more fragmented, less safe, say experts

Defence and foreign affairs experts have reacted with dismay to the shock Brexit vote, warning it will lead to a more fragmented West and make the world a less secure place.
SMH   |   Fri, 24 Jun 2016 21:54:07

Did the Markets Overreact to Brexit?

Welcome to the Week in Business, a look at some of the biggest stories in business and economics.
James Surowiecki / Currency   |   Fri, 24 Jun 2016 21:52:11

Brexit pitches world into uncharted terrain

PARIS - Slowing growth, a return to protectionism, questioning of free trade agreements and doubts over the stability of the EU: the world economy is entering a period of deep uncertainty following Brexit.
Bangkok Post   |   Fri, 24 Jun 2016 21:45:00

EU referendum: Boris Johnson and Michael Gove prepare 'dream team' to lead a Brexit government

Kate McCann / Telegraph   |   Fri, 24 Jun 2016 21:41:54

BlackRock strategist sees market reaction to Brexit as 'a rational move'

Richard Turnill of BlackRock shares his thoughts on the market's reaction to Brexit and its global implications.
CNBC   |   Fri, 24 Jun 2016 21:41:00

Brexit is terrifying - and no, not because of the economics

Brexit, Britain's decision to leave the European Union, is one of those rare events that should chill you to your core, as it has already chilled me to mine. Why? Because Brexit calls into question the best thing humanity has created in its political history: the post-World War II global ...
Zack Beauchamp / Vox   |   Fri, 24 Jun 2016 21:40:03

Trumpery has officially taken hold of Britain with its 'Brexit' vote

To the editor: The British referendum vote to leave the European Union is a victory for the worst of England, inward-looking, narrow-minded, fearful, and mean. (Re "British prime minister says he will step down after historic vote," June 24) It's Trumpery UK, with catastrophic consequences: borders,...
LA Times   |   Fri, 24 Jun 2016 21:40:00

A few thoughts on Gold, currency and "risk free savings" in the wake of Brexit

By Josh Crumb co-founder of Goldmoney A few thoughts on Gold, currency and "risk free savings" in the wake of Brexit Today is one of those days that I almost wish I had taken the blue pill. As the co-founder and Chief Strategy Officer of the world's only gold-backed financial ...
Gold Money / Zero Hedge   |   Fri, 24 Jun 2016 21:39:33

Is Brexit a Done Deal?

The votes have been counted, but the British Parliament could still block Brexit. Chuck Todd discusses that possibility with Eurasia Group's Mujtaba Rahman, NBC's Hans Nichols and Bloomberg's Megan Murphy.
MSNBC   |   Fri, 24 Jun 2016 21:39:04

Another Victim Of Brexit: The Whisky Industry. But It's Survived Worse

Like just about every other industry, whisky is no exception to the effects sort of known and mostly unknown as a result of Britain's vote to leave the European Union.
Felipe Schrieberg, Contributor / Forbes   |   Fri, 24 Jun 2016 21:38:00

Quick Takes: The Big Picture on Trump and Brexit

* Josh Marshall did a good job of connecting the dots between Trump and Brexit. Put simply, Trumpism and the greater arc of rightist politics in the US in recent years seems to follow this pattern. A declining but still very large fraction of the population which feels that it ...
Political Animal   |   Fri, 24 Jun 2016 21:37:54

What Happened in the EPJ Daily Alert Yesterday and Today

Yesterday, before votes on Brexit came in, I wrote in the EPJ Daily Alert: I strongly believe that if Brexit wins (it does, though, appear to be the underdog), then we will have a massive selloff in stocks globally. This view is based on my thinking that traders generally view ...
Economic Policy Journal   |   Fri, 24 Jun 2016 21:36:00

BINTEO- στο Kontra Channel: Η για Grexit

Ο της στο του Kontra Channel και το του και το Brexit.(adsbygoogle = window.adsbygoogle || []).push({}); - 25 2016 Ο πως η των - πως ο με τον η για Η Ε.Ε. που μας την και το της που την των «Το του μια του σε μία η τα - ...
Eglimatikotita   |   Fri, 24 Jun 2016 21:35:43

Taking Note: Caddyshack Statesmanship: Donald Trump Whiffs on Brexit

On Friday, Mr. Trump chose to tell a reeling foreign nation about the merits of his golf course.
ELIZABETH WILLIAMSON / NY Times   |   Fri, 24 Jun 2016 21:32:34

The impact of Brexit on the Fed

Quantifying Brexit's impact is difficult but if anything, the impact will be negative, Deutsche Bank's Torsten Slock says.
CNBC   |   Fri, 24 Jun 2016 21:31:00

Brexit Uncertainty Will Help Support U.S. Treasury Bond ETFs

Treasury bond exchange traded funds (ETFs) have outperformed this year, with Treasuries enjoying their best start to a year in over a decade. Momentum could be sustained as lingering concerns over the "Brexit" vote pushes investors toward safe-haven assets and the Federal Reserve will likely delay interest rate normalization in ...
Tom Lydon / ETF Trends   |   Fri, 24 Jun 2016 21:30:22

Brexit Crashes Global Markets, Leaves the World Poorer

British voters made a choice that is already having economic consequences across the globe.
DJ Nordquist / U.S. News   |   Fri, 24 Jun 2016 21:30:00

Dollar will hit Apple, Google post-Brexit

There could be a negative impact of exchange rates on the financial results of U.S. tech companies. USA Today reports.
CNBC   |   Fri, 24 Jun 2016 21:27:00

Brexit has launched the EU into the great unknown

No doubt Britain faces serious practical and existential questions in the face of its departure from the European Union - but the bigger question is what will happen to the EU itself
ERIC REGULY / Globe and Mail   |   Fri, 24 Jun 2016 21:21:33

An expert sums up the economic consensus about Brexit. It's bad.

The economic consequences of leaving the European Union were naturally a central focus of the referendum campaign. Those consequences will be substantial, and negative. That conclusion does not represent only my views, or those of scholars at the research center I'm affiliated with, the Centre for Economic Performance at the ...
John Van Reenen / Vox   |   Fri, 24 Jun 2016 21:20:02

Overwhelmed by Here Are the Basics

A majority of Britons voted Thursday to leave the European Union. Here’s a brief guide to what happened, what it means and what could happen next.
NIRAJ CHOKSHI, DANIEL VICTOR and SEWELL CHAN / NY Times   |   Fri, 24 Jun 2016 21:19:58

What's the impact of Brexit on London?

The British capital's status as pinstriped powerhouse is suddenly being called into question The post What's the impact of Brexit on London? appeared first on Macleans.ca .
Chris Sorensen / Macleans   |   Fri, 24 Jun 2016 21:19:37

Senator: Americans Share Sentiment Behind...

Senator Mike Lee (R-UT), who applauds the Brexit vote as a "rejection of unaccountable bureaucracy," talks about his plan to move the U.S. into a new age of partnership with the United Kingdom.
MSNBC   |   Fri, 24 Jun 2016 21:18:44

Why Brexit Hasn't Battered Big Banks

Karen Shaw Petrou memorandum to the Federal Financial Analytics clients on why brexit hasn't battered big banks. TO: Federal Financial Analytics Clients FROM: Karen Shaw Petrou DATE: June 24, 2016 Why Brexit Hasn't Battered Big Banks There are two types [...]
VW Staff / Value Walk   |   Fri, 24 Jun 2016 21:18:38

What Brexit could mean for the U.K. economy

The vote is expected to deliver at least a short-term hit to growth in Britain and might push it into recession
Andy Bruce and William Schomberg / Globe and Mail   |   Fri, 24 Jun 2016 21:18:23

Brexit Leader: National Health Service Won't Reap Promised Millions

Like So Much Else in Britain, NHS Future Uncertain
Steve Sternberg / U.S. News   |   Fri, 24 Jun 2016 21:18:22

Google Searches For "Buy Gold" Soar 500% After Brexit

Three days ago, when Wall Street was virtually certain that the Brexit vote would comfortably go in favor of the Remain camp, the best tell about the true sentiment on the ground had nothing to with polls, or manipulated bookies' odds, and much more to do with our report that ...
Tyler Durden / Zero Hedge   |   Fri, 24 Jun 2016 21:16:45

Putin is 'essentially trolling the US' by complimenting Trump - and the Brexit vote explains why

Vladimir Putin and Donald Trump have been quite complimentary of each other during the brash billionaire's bid for the presidency. First, the presumptive Republican nominee suggested in December that he'd welcome deeper relations with Russia if he won the White House. Then, the Russian president praised Trump as "very talented" ...
Money Game   |   Fri, 24 Jun 2016 21:16:13

Some Early Signs of Upheaval

Some companies are rethinking operations in Britain, both current and planned.
JACK EWING / NY Times   |   Fri, 24 Jun 2016 21:14:45

Signs Suggest Warnings of Brexit Upheaval Could Prove True

Some companies are rethinking operations in Britain and, shares of British property companies have plunged in the face of recession fears.
JACK EWING / NY Times   |   Fri, 24 Jun 2016 21:14:44

Weiss: No buying opportunity

Stephen Weiss reviews the main factors driving stocks and how investors should be positioned for next week.
CNBC   |   Fri, 24 Jun 2016 21:14:00

Wall St Weekahead-Wall St eyes low rates, earnings after Brexit rout

June 24- With markets reeling after Britain's vote to leave the European Union, some on Wall Street expect cooler heads to prevail over the next several sessions as investors focus domestically on the outlook for the U.S. economy and company earnings. They pointed to expectations that U.S. interest rates would ...
CNBC   |   Fri, 24 Jun 2016 21:13:00

The Most Self-Serving Reaction To Brexit? Congresswoman Gwen Moore

With the possible exception of Donald's Trump's press conference at his Trump Turnberry resort in Scotland, the most self-serving comments about Brexit by any U.S. politician came from... 247wallst Flag of Great Britain
Douglas A. McIntyre / 24/7 Wall St.   |   Fri, 24 Jun 2016 21:12:05

Crushed: Dow Tumbles 600 Points, Nasdaq Slides Most Since 2011 as Brexit Shakes Stocks

Stocks took it on the chin today after the U.K. voted to bail on the European Union, something that just one day ago seemed highly unlikely . As a result, the losses were huuuge. The S&P 500 fell 3.6% to 2,037.30, its largest drop since Aug. 24, 2015. The Dow ...
Ben Levisohn / Stocks To Watch   |   Fri, 24 Jun 2016 21:11:46

Beware the Market's Dead Cat Bounce

The pound came off its immediate post-vote lows Friday, but don't be fooled. 'Brexit' creates political, economic and financial risks that affect assets everywhere, writes James Mackintosh.
WSJ   |   Fri, 24 Jun 2016 21:10:09

Brexit will hurt the UK. But it could save the European Union.

If I were a citizen of the United Kingdom, I would have voted to remain part of the European Union. But I came to that view reluctantly. The EU has made possible the free movement of goods and people for a population of half a billion people. That's an amazing ...
Timothy B. Lee / Vox   |   Fri, 24 Jun 2016 21:10:03

[David Post] A brief word on Brexit

I agree with much of what Ilya Somin has written about Brexit, and only have one thought to add. It is, as Ilya writes, a "victory for nationalistic, xenophobic forces opposed to free trade and migration," and it is pretty clear that much of the momentum behind Brexit came from ...
David Post / Volokh Conspiracy   |   Fri, 24 Jun 2016 21:09:54

Britain Votes to Leave E.U.; Cameron Plans to Step Down

The British pound and stock prices plummeted, there was immediate pressure for another referendum on Scottish independence, and David Cameron said he would resign by October.
STEVEN ERLANGER / NY Times   |   Fri, 24 Jun 2016 21:08:04

Britain Votes to Leave E.U.; Cameron Plans to Step Down

The British pound and stock prices plummeted, there was immediate pressure for another referendum on Scottish independence, and David Cameron said he would resign by October.
STEVEN ERLANGER / DealBook   |   Fri, 24 Jun 2016 21:08:03

Anxieties Fuel Middle Class Revolt

Global elites everywhere take it on the chin as immigration and economic anxieties fuel the Brexit vote and the rise of Trump. Council on Foreign Relations President Richard Haass and NBC's Andrea Mitchell discuss.
MSNBC   |   Fri, 24 Jun 2016 21:07:10

Brexit Created Many Losers, But Some Winners Too. Which Are You?

Uncertainty generated by Brexit caused many investments to head south. The Dow Jones industrial average fell 3.39 percent. Still, there were some winners, like home buyers seeking low-interest loans.
Marilyn Geewax / NPR   |   Fri, 24 Jun 2016 21:06:44

Once the shock of Brexit begins to settle, what's next for the global economy?

What will be lost, what will be gained and what won't we see coming next? The U.K. economy will be the real loser, reports Gordon Isfeld
Gordon Isfeld / Financial Post   |   Fri, 24 Jun 2016 21:06:01

Tony Robbins Seminar Attendees Felt The Burn

You can do anything you set your mind to: conquer your fears, achieve your wildest dreams, trade volatility through the Brexit vote and even walk on hot coals with bare feet without feeling pain. Well, maybe not that last feat, [...]
Value Walk   |   Fri, 24 Jun 2016 21:05:19

I Guess We Can't Say That Republicans 'Never Win'...

Brexit Mania is in full swing -- Hot Takes! Get Your Hot Takes! -- but don't let that distract you from last night's other bit of drama. The Hill reports:With Republicans down to their final out, Rep. Tom Rooney (R-Fla.) hit a walk-off single to score the winning run of ...
National Review   |   Fri, 24 Jun 2016 21:05:12

Thrilled, shocked, jubilant and nervous: Britons react to Brexit

The Stronger In campaign's pain was the leave.eu campaign's gain-and their faces tell the whole story The post Thrilled, shocked, jubilant and nervous: Britons react to Brexit appeared first on Macleans.ca .
macleans.ca / Macleans   |   Fri, 24 Jun 2016 21:05:09

The EU's stalwarts are forlorn as Britain sails away

Britain's decision to leave the European Union might not mark the beginning of the end for continental unity, but that possibility was in the air Friday as Europe's leaders struggled to put the best face on their new reality after the "Brexit" vote. "There's no way to put a positive ...
Erik Kirschbaum / LA Times   |   Fri, 24 Jun 2016 21:04:00

Brexit and Immigration: Where Trump Is Right - and Wrong

DAVID MOIR By Ciro Scotti,The Fiscal TimesJune 24, 2016 Predictably, the Brexit vote prompted Donald Trump to engage in a round of self- congratulation about his signature issue: immigration. He pinned the decision by UK voters to disengage from the European Union on public distress over the wave of immigrants ...
jherr / Fiscal Times   |   Fri, 24 Jun 2016 21:03:43

A British Tragedy in One Act

In a sense, the Brexit referendum was the result of Winston Churchill's hands-off approach to European unification (which he favored, but not for Britain). And the outcome recalls one of Churchill's more famous aphorisms: "The trouble with committing political suicide is that you live to regret it."
Chris Patten / Project Syndicate   |   Fri, 24 Jun 2016 21:03:27

Brexit - Waiting For Humpty Dumpty

Brexit - Waiting For Humpty Dumpty by W. Ben Hunt, Ph.D. - Epsilon Theory Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king's horses and all the king's men Couldn't put Humpty together again. [...]
Salient Partners / Value Walk   |   Fri, 24 Jun 2016 21:02:23

Trump makes a fundraising pitch off Brexit

Donald Trump praises his golf course, then the British vote to leave the EU June 24, 2016, 1:08 p.m. Donald Trump responds to Britain's stunning decision to leave the European Union, but only after he promotes one of his golf courses. Trump predicts that the so-called Brexit will turn out ...
LA Times   |   Fri, 24 Jun 2016 21:02:00

Fresh doubts over future of UK steel as impact of Brexit vote weighs on Tata deal

Alan Tovey / Telegraph   |   Fri, 24 Jun 2016 21:01:43

UPDATE 3-Frankfurt or bust? Wall St bankers in London ponder life post Brexit

NEW YORK/ LONDON/ FRANKFURT, June 24- Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the region's preeminent financial hub. Even with those plans, huge uncertainties remain about when Britain will formally ...
CNBC   |   Fri, 24 Jun 2016 21:01:00

Investors expect short-run volatility

Thai financial markets were on their shakiest footing in years yesterday, with a 1.7% slide in the stock market and local gold prices surging at one point to more than 1,000 baht per baht-weight of gold, as the Brexit vote triggered a rush to safe havens.
Bangkok Post   |   Fri, 24 Jun 2016 21:00:00

Cry, the beloved country

The Brexit disaster.
The Reality-Based Community   |   Fri, 24 Jun 2016 20:59:39

Donald Trump fundraises off Brexit, promises similar 'shockwave' if elected

And now here's Donald Trump, human NASCAR crash, promising in a hastily-scribbled fundraising letter to do for America what Brexit is doing for the United Kingdom. C'mon, everybody, won't you chip in a little to crater the world economy? These voters stood up for their nation-they put the United Kingdom ...
Daily Kos   |   Fri, 24 Jun 2016 20:59:30

A Very British Revolution

The U.K.'s vote for a "Brexit" from the EU began as a cry for liberty and ended as a rebuke to the establishment.
WSJ   |   Fri, 24 Jun 2016 20:59:00

Brexit Vote Likely to Put Fed Interest Rate Hikes on Hold

Britain's shock decision to leave the European Union will have far-reaching consequences for the global economy, but a short-term consequence is an almost certain delay in the pace of monetary policy normalization in the United States. read more
Steve Lord / FINalternatives   |   Fri, 24 Jun 2016 20:57:46

Brit's reaction to vote: 'Oh, jolly good. Well done us'

Irish-born Londoner Garret Cummings has one thing to say to his fellow countryman after the vote to leave the EU. "Oh, jolly good. Well done us!"
CNBC   |   Fri, 24 Jun 2016 20:57:00

Post-Brexit market mayhem spreads beyond U.K. and across sectors

Though the financial services sector is feeling the brunt of the fallout, aviation and homebuilding sectors are among others hit
Sean Craig / Financial Post   |   Fri, 24 Jun 2016 20:56:40

What does Brexit mean for poor people?

The shock waves of Brexit are still echoing. For those, like myself, who are on the losing side of a democratic vote there is a temptation to resort to hyperbole and exaggeration. Remember that Chicken Little, the chick that believed the sky was falling, gets eaten by the fox at ...
Homi Kharas / Brookings   |   Fri, 24 Jun 2016 20:56:00

Moody's cuts outlook on UK, maintains on EU after Brexit

(Reuters) - Ratings agency Moody's on Friday cut its outlook on the United Kingdom's long term debt to 'negative' from 'stable', but maintained its 'stable' outlook on the European Union following the UK's vote to leave the EU. Moody's said the Brexit vote will bring about a period of uncertainty ...
Business Insider   |   Fri, 24 Jun 2016 20:55:27

Jeff Sessions and Hillary Clinton React to Brexit

( John Hinderaker ) Senator Jeff Sessions released a statement on yesterday's Brexit vote. As usual, Sessions has his finger on the pulse: [The people's] strong vote arose not out of fear and pique but out of love for country and pride of place. Their experience with a distant government ...
John Hinderaker / Power Line   |   Fri, 24 Jun 2016 20:55:10

And Now, One Final Word On The Brexit From Famed British Poet Noel Gallagher

Britain might want a wall, but will be full of wonder?
Thornton McEnery / Dealbreaker   |   Fri, 24 Jun 2016 20:55:09

Cantor CEO's advice: Stay the course

The U.S. stock market's reaction to the Brexit vote makes no sense, Howard Lutnick says.
CNBC   |   Fri, 24 Jun 2016 20:55:00

CANADA FX DEBT-C$ weakens most in 17 months as markets plunge on Brexit

(Adds analyst quote, details on CFTC data, updates prices) * Canadian dollar at C$1.2999, or 76.93 U.S. cents * Loonie falls 1.7 percent, its most since January 2015 * Currency touches...
Reuters   |   Fri, 24 Jun 2016 20:54:50

UK Post Brexit Can Fix Labor Market, Attract More Foreign Investors

UK post Brexit can fix Labor Market, Attract more Foreign Investors: Financial Theorist Pete Kyle SMITH BRAIN TRUST - June 24, 2016 - Even though financial markets have "kind of shuttered from Britain voting to exit the European Union, it's not clear [...]
Guest Post / Value Walk   |   Fri, 24 Jun 2016 20:54:39

US stocks slump, turn negative for the year in the Brexit aftermath

US stocks slumped on Friday, tracking overseas peers, with main indexes erasing completely 2016 gains, after the UK voted to leave the European Union.
Ani Salama / FX Street   |   Fri, 24 Jun 2016 20:54:33

The Five Most Important Things To Know About The Brexit

It will take years for the ramifications of the Brexit to unfold, but in the meantime, here are the five most important things to know about this historic decision.
Forbes   |   Fri, 24 Jun 2016 20:54:17

Gold soars as investors seek safe haven in Brexit fallout

The precious metal soared as much as 7.8 per cent on Friday morning, reaching a high of US$1,362.60 an ounce, as investors rushed for safe havens
Peter Koven / Financial Post   |   Fri, 24 Jun 2016 20:52:52

Moody's affirms UK at Aa1 after Brexit

Rating agency Moody's affirmed UK at Aa1 on Friday, after Brits chose to leave the Euorpean Union. However, the outlook was revised to negative. Mood
Ani Salama / FX Street   |   Fri, 24 Jun 2016 20:51:48

Moody's cuts outlook on UK, maintains on EU after Brexit

June 24 (Reuters) - Ratings agency Moody's on Friday cut its outlook on the United Kingdom's long term debt to 'negative' from 'stable', but maintained its 'stable' outlook on the European Union...
Reuters   |   Fri, 24 Jun 2016 20:51:24

Stocks Erase 2016 Gains After Brexit Vote Triggers Global Sell-Off

US Stocks erase 2016 gains as Britons vote "leave".
Shreya Agarwal, Forbes Staff / Forbes   |   Fri, 24 Jun 2016 20:51:00

Op-Ed Contributor: Tony Blair: Brexit’s Stunning Coup

Unless the political center finds new resolve, populist movements of left and right will rush in to fill the power vacuum.
TONY BLAIR / NY Times   |   Fri, 24 Jun 2016 20:46:57

Fortunes Will Be Made & Lost When Capital Flees To Safety

Little did I realize when creating the short video below how prescient it would quickly become in the wake of last night's Brexit vote... It's message is simple: there's a preponderance of data that shows the world's major asset markets are dangerously overvalued. And when these asset bubbles start to ...
Peak Prosperity   |   Fri, 24 Jun 2016 20:46:30

Brexit, Bill Gates, And A Six Sigma Storm

Here's what today is looking like in financial markets thanks to the surprise Brexit vote results last night. Suffice it to say, it's not pretty with markets crashing -5% to -12% overnight. As we said in our post, about the [...]
Attain Alternative Blog / Value Walk   |   Fri, 24 Jun 2016 20:46:14

Brexit Bombshell: Donald Trump and Nigel Farage Have Much in Common-Disdain for Immigrants and Extreme Nationalism

The right-wing populism of the two is more rooted in nationalism than in economic insecurity. Nigel Farage, the leader of the U.K. Independence Party that just helped lead Great Britain to a disastrous vote to leave the European Union , is a man with a fondness for race-baiting rhetoric that ...
AlterNet   |   Fri, 24 Jun 2016 20:46:00

Brexit Shakes Global Markets: The Best of WSJ's Coverage

This is a day that will go down in history, and that's a fact.
Paul Vigna / MoneyBeat   |   Fri, 24 Jun 2016 20:45:39

One Market That's Showing the Post-Brexit Scramble for Dollars

The demand for U.S. dollars is showing up in an obscure but important market where foreign companies and financial institutions pay to hedge currency risks.
Ben Eisen / MoneyBeat   |   Fri, 24 Jun 2016 20:45:26

Brexit Could Drive Mortgages to 'Historic Lows'

But not all analysts are thrilled by that prospect.
Andrew Soergel / U.S. News   |   Fri, 24 Jun 2016 20:45:00

Brexit: America's new headache

BY INSTINCT Americans cheer declarations of independence, especially when those going it alone claim to be throwing off the shackles of foreign tyranny. A certain note of piquant irony may intrude when the revolutionaries hail from the United Kingdom of Great Britain and Northern Ireland.
Democracy in America   |   Fri, 24 Jun 2016 20:43:42

Obama to entrepreneurs: You're the glue

U.S. President Barack Obama offered poignant advice to entrepreneurs on the heels of the Brexit referendum.
CNBC   |   Fri, 24 Jun 2016 20:42:00

Brexit, not the clothes, are the talk of Paris Fashion Week

The British vote to leave the European Union and not the clothes were the talk of the front row crowd at menswear shows in Paris on Friday
U.S. News   |   Fri, 24 Jun 2016 20:41:33

15 U.S. stocks get absolutely crushed by 'Brexit'

The pain of Brexit is being felt hardest by a handful of companies most exposed to the decision.
USA Today   |   Fri, 24 Jun 2016 20:41:06

Brexit: College-educated Brits wanted to stay. Everyone else wanted to leave.

Many young people in the United Kingdom are devastated today by the result of the Brexit vote to leave the European Union, and it's true that polling before the vote showed that young people overwhelmingly wanted to stay while their elders wanted to leave. But another factor might have been ...
Libby Nelson / Vox   |   Fri, 24 Jun 2016 20:40:02

Here's What Brexit Means For the Tech Industry

Years of uncertainty will trouble tech firms
David Meyer / Fortune / Time   |   Fri, 24 Jun 2016 20:38:26

EU Brexit referendum: France's Calais seeks border deal changes

The mayor of Calais wants changes to a deal which allows Britain to carry out immigration checks on the French side of the English Channel, after a UK vote to leave the EU.
BBC   |   Fri, 24 Jun 2016 20:37:02

Britain looks to next steps after historic vote to leave European Union

Britain's vote to leave the European Union sent shock waves rippling across the globe Friday, setting off tumult in financial markets, forcing the country's prime minister to resign and shattering the stability of an alliance that created the continent's shared economy and ended the ruinous wars...
Ginanne Brownell Mitic and Alexandra Zavis / LA Times   |   Fri, 24 Jun 2016 20:36:00

Macquarie Calls On Central Banks For Help; Stifel Says No Hike Until 2017

Central bank thinking around the world has likely been radically changed as a result of the recent "Brexit" vote, a research report from Macquarie says, as they expect the central bank to come in and tamp down unwanted market volatility. [...]
Value Walk   |   Fri, 24 Jun 2016 20:35:38

Elites Missed What Donald Trump and Boris Johnson Understand About Brexit

Elites have missed what Donald Trump and Boris Johnson understand about populist support for Brexit.
Peter Roff / U.S. News   |   Fri, 24 Jun 2016 20:35:00

How did race factor into the 'Brexit' vote?

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 1:14 p.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
LA Times   |   Fri, 24 Jun 2016 20:34:00

United Kingdom To Face Economic Costs In Leaving The EU

NPR's Robert Siegel talks with Martin Wolf, chief economics commentator at the Financial Times, about the outcome of the Brexit vote.
NPR   |   Fri, 24 Jun 2016 20:33:19

Brexit Vote Sends Shock Waves Through Global Financial Markets

Britain's vote to exit the European Union is sending shock waves throughout the global economy. In the U.S., there are fears a slowdown in Britain and the entire European continent will harm growth at home as trade and exports stall.
Chris Arnold / NPR   |   Fri, 24 Jun 2016 20:33:18

UPDATE 1-Speculators raise net shorts vs sterling ahead of 'Brexit' - CFTC data

(Adds details, data) June 24 (Reuters) - Currency speculators increased their net short positions against the British pound in the week before the United Kingdom voted to exit the European Union,...
Reuters   |   Fri, 24 Jun 2016 20:33:01

How Brexit Challenges U.S. Security

Dov S. Zakheim Security, Europe The allies may lose valuable Scottish bases. For sixteen years, from 1957, when six nations-France, Germany, Italy and the Benelux countries-signed the Treaty of Rome, until 1973, Britain was not a member of what was then called the European Economic Community. It managed to recover ...
Dov S. Zakheim / National Interest   |   Fri, 24 Jun 2016 20:32:00

EL-ERIAN: 'There are more questions than answers as to what happens next'

Markets got whacked after the UK voted to leave the EU on Friday, with European stocks posting the worst daily drop in almost eight years. But according to Mohamed El-Erian, Brexit also presents some long-term investment opportunities. "We'll see pretty sharp movements" in the short term, he said in an ...
Business Insider   |   Fri, 24 Jun 2016 20:30:11

David Cameron Is Done, Brexit Explained, Transgender Studies: P.M. Links

In the wake of Brexit, British Prime Minister David Cameron will resign. Brexit vote highlights age gap between the Leave and Remain factions. Why Brexit is good news for the Trump campaign. "What was this whole Brexit thing, exactly?" A primer for confused Americans. Mom arrested for spanking her disobedient ...
Robby Soave / Hit & Run   |   Fri, 24 Jun 2016 20:30:00

DoubleLine Dodges Brexit Bullet; Sold all European Equities Before Vote

DoubleLine's Jeff Gundlach said his firm sold all of its European equities holdings before the market closed on Thursday following the strong rally in global stocks, thus avoiding the market bloodshed that has followed Britain's vote to leave the EU. read more
Steve Lord / FINalternatives   |   Fri, 24 Jun 2016 20:29:02

Turbulence and Uncertainty for the Market After

Britain’s vote to leave the Europe Union kicks off a fraught and unpredictable process likely to spook investors around the world.
PETER S. GOODMAN / NY Times   |   Fri, 24 Jun 2016 20:27:27

Top U.S. financial regulators to discuss 'Brexit' by phone on Friday

WASHINGTON, June 24 (Reuters) - The heads of all the U.S. financial regulatory agencies will hold a meeting by phone on Friday to discuss the vote by Britain to leave the European Union, according to...
Reuters   |   Fri, 24 Jun 2016 20:27:19

Republicans think 'it's America's turn'...

Ted Cruz, Sarah Palin, and Jeff Sessions recognize the crisis Brexit has sparked. But for somewhat incoherent reasons, they're celebrating anyway.
Steve Benen / MSNBC   |   Fri, 24 Jun 2016 20:25:35

Stocks slammed after Brexit vote in historic drubbing

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 20:25:18

The Brexit Is About Immigration Not Economics: Here's How To Play It

If you have extra cash to invest into a stock and bond portfolio, go ahead and add a little today, especially the international side.
Lee Munson, Contributor / Forbes   |   Fri, 24 Jun 2016 20:25:00

Why its too late to Brexit-proof your portfolio

USA TODAY's Matt Krantz warns investors against selling off their portfolios after Brexit.
USA Today   |   Fri, 24 Jun 2016 20:24:36

Stocks Tumble After Brexit Decision, Marking Largest Loss Since August

The Dow Jones dropped over 600 points
Jill Lawless and Danica Kirka / AP / Time   |   Fri, 24 Jun 2016 20:23:05

From indifference to uncertainty, Brexit talk hits Euro 2016

Britain's momentous decision to leave the European Union has been the talk of the European Championship on Friday
U.S. News   |   Fri, 24 Jun 2016 20:23:01

Editorial on 'Brexit' vote: Do not underestimate angry voters

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 12:42 p.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
LA Times   |   Fri, 24 Jun 2016 20:22:00

15 Euro Stocks That Lost Over 10% to 25% After Brexit Shock

Thursday's unexpected U.K. vote to walk out of the European Union shocked equity, currency, and commodities markets Friday. The dollar strengthened against both the euro and the British pound... BBVA BCS BT CS E FCAU ING LBTYA LYG MT PUK RBS SAN TEF TI 247paul market crash
Paul Ausick / 24/7 Wall St.   |   Fri, 24 Jun 2016 20:21:16

Historic currency moves shock markets

CNBC's Sara Eisen reports on the major movements in the British pound and other currency markets following the Brexit referendum vote.
CNBC   |   Fri, 24 Jun 2016 20:21:00

Brexit: U.S. firms' jobs could leave U.K.

More than 10,000 U.K. employees of U.S. banks could be affected, analyst report estimates
USA Today   |   Fri, 24 Jun 2016 20:20:04

Safety ETF Plays Rally on Brexit Concerns

As the Brexit referendum results triggered a global risk-off event, exchange traded funds (ETFs) that track safe-haven plays surged on the increased volatility. For instance, gold jumped the most since the 2008 financial downturn as traders turned to the Brexit haven, Bloomberg reports. Gold futures jumped as much as 8.1% ...
Max Chen / ETF Trends   |   Fri, 24 Jun 2016 20:18:45

Brexit - Yes, it is exiting. Good for them!!

Yesterday I predicted that Britain will vote to remain in the EU. I also said that it would be better for them to leave. I am thrilled that the popular vote proved me wrong. A little ray of sunshine in the general doom and gloom. There's too much news coverage ...
atanu / Atanu Dey   |   Fri, 24 Jun 2016 20:18:38

Needham: 'Brexit' Boosts Bitcoin Price, But Too Early to Call it a Safe Haven

A new research note from Needham & Company asserts it might be too early to call bitcoin a "safe haven" asset.
Pete Rizzo / CoinDesk   |   Fri, 24 Jun 2016 20:18:29

People Are Figuring Out Ways to Blame Obama for Brexit, Because of Course They Are

In a development that should surprise nobody, Donald Trump has found a way to blame President Obama for last night's Brexit vote. Or maybe blame is the wrong word. Trump is happy with the United Kingdom's decision to bail on the EU, after all. Rather, the Republican candidate seems to ...
Jordan Weissmann / Moneybox   |   Fri, 24 Jun 2016 20:18:27

US Stock Market Has Biggest Loss Since August After Brexit Vote

NEW YORK (AP) - US stocks end sharply lower after British vote to leave the European Union; market has its biggest loss since August. Read More
ASSOCIATED PRESS / TPM   |   Fri, 24 Jun 2016 20:18:10

Obama: special relationship remains despite Brexit

Barack Obama said that the special relationship between the US and the UK would endure despite Britain's decision to leave the European Union.
BBC   |   Fri, 24 Jun 2016 20:16:55

These Biotech Stocks Are Most Susceptible To Currency Risks

The iShares Nasdaq Biotechnology ETF (IBB) ended down 5% on this Union Jack Friday. M. Ian Somaiya at BMO Capital Markets says the Brexit could come to hurt the top-lines of most biotechnology companies if Friday's generational currency swings continue to strengthen the dollar. The British pound fell on Friday ...
Focus on Funds   |   Fri, 24 Jun 2016 20:15:51

What are markets telling us about the real meaning of Brexit?

This time around the UK was probably hurt somewhat; British stocks are down around 4% as I write. But French and German stocks are down 7% to 8%. The markets in southern Europe are down 10% to 15%. Brexit's most powerful effect is to make the eurozone crisis worse, by ...
Tyler Cowen / Marginal Revolution   |   Fri, 24 Jun 2016 20:13:44

Arab perspectives on Brexit

Most Arab Intellectuals see the Brexit vote as defeat for Britain and the beginning of the end for EU.
Al Jazeera   |   Fri, 24 Jun 2016 20:13:43

5 Things to Watch on the U.S. Economic Calendar

Days after Brexit shook global financial markets, investors will be paying close attention to the underlying strength of the U.S. economy. The week offers a big dose of economic updates on manufacturing, inflation, the car and housing markets, and GDP.
WSJ Economics   |   Fri, 24 Jun 2016 20:13:29

FOREX-Sterling pares losses after hitting 31-year low on Brexit

NEW YORK, June 24- Sterling edged off lows against the U.S. dollar on Friday, recovering slightly from a 10 percent plunge to its weakest in 31 years following Britain's vote to leave the European Union, on reassuring statements from central banks. Sterling was last down 8.1 percent against the dollar, ...
CNBC   |   Fri, 24 Jun 2016 20:13:00

Turbulence and Uncertainty for the Market After

Britain’s vote to leave the Europe Union kicks off a fraught and unpredictable process likely to spook investors around the world.
PETER S. GOODMAN / NY Times   |   Fri, 24 Jun 2016 20:11:19

U.S. REACTION: Obama tries to put best face on Brexit vote

President Barack Obama said Friday that the relationship between the United States and the United Kingdom will not change following the Brexit vote.
CNN   |   Fri, 24 Jun 2016 20:10:52

Faber says Brexit sends a clear message

When asked why the markets and polls got it wrong, Marc Faber said "they were conducted or paid by the elite."
CNBC   |   Fri, 24 Jun 2016 20:10:00

EU Brexit referendum: Preparations for UK 'divorce' to begin

EU leaders are to meet to discuss the UK's "divorce" from the organisation after an historic referendum result.
BBC   |   Fri, 24 Jun 2016 20:09:11

U.S. Economy Is Expected to Take Hit From U.K. Vote

Britain's exit from the European Union is expected to jolt the U.S. economy, likely rattling restive equity markets and driving up the value of the dollar. It could also weaken U.S. diplomatic leverage in Europe and upend the corporate strategies of U.S. companies based in London.
WSJ   |   Fri, 24 Jun 2016 20:08:04

Minerd: This is really, really bad news for Europe

Scott Minerd, Guggenheim Partners Global Chief Investment Officer, and Brian Kelly, "Fast Money" trader and Brian Kelly Capital LLC, discuss the Brexit referendum outcome and what happens next for global economies and markets.
CNBC   |   Fri, 24 Jun 2016 20:08:00

The Other Side of Populism

The Brexit vote was clearly based more on emotion than on facts.
Political Animal   |   Fri, 24 Jun 2016 20:07:36

What Are The Long Term Consequences Of The Brexit

We begin with a look at the key data for the oil and gas industry this week, which shows the impact of the Brexit vote on the oil markets, with crude prices falling shareply. Meanwhile, U.S. gasoline prices have fallen and refinery runs have broken their fall, heading upwards this ...
James Stafford / Oil Price   |   Fri, 24 Jun 2016 20:06:23

Speculators raise net shorts vs sterling in week before 'Brexit' -CFTC data

June 24 (Reuters) - Currency speculators increased their net short positions against the British pound in the week before the United Kingdom voted to exit the European Union, according to data from...
Reuters   |   Fri, 24 Jun 2016 20:06:21

8 things you need to know about Brexit

Britain has voted to leave the European Union, a shocking development with profound implications for markets and economies around the world.
CNN   |   Fri, 24 Jun 2016 20:04:48

Brexit vote fuels wave of risk aversion

Stocks and pound sink as gold and yen soar
FT   |   Fri, 24 Jun 2016 20:04:06

Brexit: Is this like the 2008 financial crisis?

Read full story for latest details.
CNN   |   Fri, 24 Jun 2016 20:03:46

How Will Brexit Affect The Entertainment Industry?

Great Britain's decision to leave the European Union will have a staggering impact on the entertainment industry. Several European stocks and the global markets as a whole were pummeled by the shocking news of the UK's vote to leave the EU. Film financing and other segments of the entertainment industry ...
Legal Entertainment, Contributor / Forbes   |   Fri, 24 Jun 2016 20:03:00

UK to stay 'strong ally' despite Brexit: NATO

LONDON: Britain will remain a strong ally and continue to play a leading role in NATO despite its vote to leave the European Union, alliance head Jens Stoltenberg said Friday. "The UK will remain a strong and committed NATO ally and will continue to play its leading role in our ...
Web Desk / News Tribe   |   Fri, 24 Jun 2016 20:01:53

UPDATE 1-Brexit to crimp Canadian growth, rate cuts back on table

TORONTO/OTTAWA June 24 (Reuters) - Canada's commodity-linked economy will suffer weaker growth because of Britain's vote to leave the European Union, which has put the prospect of Canadian interest...
Reuters   |   Fri, 24 Jun 2016 20:01:48

Meet Boris Johnson, the Man Who Led the Brexit -- and May Lead the UK

REUTERS/Stefan Rousseau/Pool Eric PianinJune 24, 2016 The London bookies already are touting Boris Johnson as the prohibitive favorite to succeed David Cameron as prime minister in the wake of Thursday's cataclysmic vote to take Great Britain out of the European Union. No one else in Britain's Conservative Party has quite ...
arader / Fiscal Times   |   Fri, 24 Jun 2016 20:01:07

The 4 Stocks That Tanked the Dow Friday

June 24, 2016: Markets opened Friday following the surprise U.K. decision to leave the European Union. The Brexit vote dominated the day's currency, energy, commodities, and equity markets as... CAT GS IBM JPM 247paul Stock market tickers
24/7 Wall St.   |   Fri, 24 Jun 2016 20:01:02

Will Brexit Affect U.S. Consumer Confidence? The Outcome May Determine Our Next President

It's "the economy, stupid" – or so claimed famed campaign strategist James Carville during Bill Clinton's first successful run for the presidency, back in 1992. Nearly a quarter century later, it's still the case.
Council on Foreign Relations / CFR   |   Fri, 24 Jun 2016 20:00:25

Rapid-Fire Politics: How Brexit happened and what comes next

Evan Solomon and John Geddes react to the Brexit result few predicted, analyze the conditions that made it possible, and look ahead to the impact in Canada and elsewhere. The post Rapid-Fire Politics: How Brexit happened and what comes next appeared first on Macleans.ca .
Evan Solomon / Macleans   |   Fri, 24 Jun 2016 20:00:21

BREXIT STUNS MARKETS, DOW FALLS 600 POINTS: Here's what you need to know (GBPUSD, USD, GBP, DIA, SPX, SPY, QQQ, TLT, IWM)

Friday was a historic day in markets after the UK's vote to leave the European Union shocked global markets and sent risk assets the world over into a tailspin. Looking just at US markets, overnight futures cratered as S&P 500 futures went limit-down (meaning trading was halted) after falling 5%. ...
Myles Udland / Business Insider   |   Fri, 24 Jun 2016 20:00:07

Brexit plunges markets into turmoil

European capital markets have been plunged into deep uncertainty after the UK voted to leave the European Union, with bankers and investors struggling to digest what the unprecedented decision will mean.
IFR   |   Fri, 24 Jun 2016 20:00:00

The Brexit vote can only add to the risk of a global fracture

For now, the Brexit vote raises many more questions than answers and that is precisely the problem
Richard Nesbitt / Globe and Mail   |   Fri, 24 Jun 2016 19:59:04

Taking Note: Donald Trump Whiffs on Brexit

On Friday, Mr. Trump chose to tell a reeling foreign nation about the merits of his golf course.
ELIZABETH WILLIAMSON / NY Times   |   Fri, 24 Jun 2016 19:58:52

Stocks to buy on the Brexit dip

Here are the stocks to buy that are the least exposed to a potential European economic crisis, according to Goldman Sachs.
CNBC   |   Fri, 24 Jun 2016 19:57:00

Strong dollar likely to cost sales at Apple, Alphabet after Brexit

Technology investors should get ready to hear a lot more about the negative impact of foreign exchange rates.
USA Today   |   Fri, 24 Jun 2016 19:56:11

UPDATE 2-Frankfurt or bust? Wall St bankers in London ponder life post Brexit

NEW YORK/ LONDON/ FRANKFURT, June 24- Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the region's preeminent financial hub. Even with those plans, huge uncertainties remain about when Britain will formally ...
CNBC   |   Fri, 24 Jun 2016 19:56:00

Scott Gilmore: Keep calm and carry on

Brexit is an ugly mess, no doubt, but here are four reasons why peace and prosperity will likely prevail The post Scott Gilmore: Keep calm and carry on appeared first on Macleans.ca .
Scott Gilmore / Macleans   |   Fri, 24 Jun 2016 19:55:39

Lessons to Take Away From the U.K. Revolt

Pundits on both sides of the Atlantic provide perspective on Great Britain's vote in favor of Brexit.
Barrons   |   Fri, 24 Jun 2016 19:55:32

Capital Journal Friday PM: Top Stories of the Week, More

The biggest news stories and exclusive features from Washington on politics, policy, financial regulation and defense.
WSJ Washington Wire   |   Fri, 24 Jun 2016 19:55:15

In Non-Brexit News: "More than 30 people burned after Tony Robbins urges them to walk on hot coals to 'unleash power within'"

From the National Post: DALLAS - More than 30 people who attended an event with motivational speaker Tony Robbins have been treated for burns after Robbins encouraged them to walk on hot coals as a way of conquering their fears, Dallas fire officials said. Five people were taken to a ...
climateer / Climateer Investing   |   Fri, 24 Jun 2016 19:55:00

Brexit to Cause Big Currency Headwinds for IBM, HP, NetApp, Says RBC

For those of you pining to know the exposure of major tech to Europe in the wake of Britain's vote to exit the E.U. , RBC Capital Markets hardware analyst Amit Daryanani today offers up the stats for Apple ( AAPL ), HP Inc. ( HPQ ), IBM ( IBM ...
Tiernan Ray / Eric Savitz   |   Fri, 24 Jun 2016 19:53:59

Brexit: The Polling Illusion

Rupert Darwall has a very fine article over on the home page on the way in which David Cameron's handling of the referendum campaign opened the door to Brexit. It's worth reading in full, but this, in particular, caught my eye:Cameron and the Remain campaign made a final mistake. At ...
Andrew Stuttaford / National Review   |   Fri, 24 Jun 2016 19:53:12

Cartoon: Brexit

Brexit by Clay Jones Sorry I didn't write a column for the last two cartoons. I actually received a few comments on social media and more than one email asking why. I appreciate that some people actually like the columns, or even read them. I don't consider myself a writer ...
Clay Jones / Moderate Voice   |   Fri, 24 Jun 2016 19:53:04

How the UK public really felt about Brexit

Telegraph Video / Telegraph   |   Fri, 24 Jun 2016 19:52:48

Bill Gross To Support Trump For President "If He Calms Down" And "Shows Some Stability"

In an interview on FOX Business Network's (FBN) Intelligence Report with Trish Regan (weekdays, 2p-3p/ET), billionaire bond investor Bill Gross discusses Great Britain exiting the European Union (Brexit) and Republican presidential candidate Donald Trump. When asked whether other countries will [...]
Value Walk   |   Fri, 24 Jun 2016 19:51:57

What Brexit Means for Europe's Carbon Market

Britain's decision to leave the EU casts a cloud of uncertainty over the EU's attempts to fix its carbon market.
Jamie / The American Interest   |   Fri, 24 Jun 2016 19:51:38

It's the one you don't see that gets you: Pro

David Darst, Independent Investment Consultant, and John Manley, Wells Fargo Funds Private Client Strategist, discuss the reaction to the Brexit vote and give their outlooks for the markets.
CNBC   |   Fri, 24 Jun 2016 19:51:00

British celebrities take to Twitter to express dismay over 'Brexit' results

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 11:56 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
Libby Hill / LA Times   |   Fri, 24 Jun 2016 19:50:00

'Brexit' Gives EU Airlines Bumpy Ride

European airlines were among the hardest hit by the market turbulence Friday, following the startling decision by Britons to leave the European Union.
WSJ   |   Fri, 24 Jun 2016 19:49:29

UPDATE 3-Already hot U.S. municipal bond market rallies further on Brexit

NEW YORK, June 24- U.S. municipal bond yields blew through previous record lows on Friday as investors snapped up tax-free debt amid a global flight to safety after Britain voted to leave the European Union. The week ended June 22 had the highest inflows in over three years at $1.4 ...
CNBC   |   Fri, 24 Jun 2016 19:49:00

Investment Banks See Record Trading During Brexit Vote, Bank Heads Profess Calm

On Friday, JPMorgan CEO Jamie Dimon told his employees the bank handled record overnight foreign exchange trading volumes.
Antoine Gara, Forbes Staff / Forbes   |   Fri, 24 Jun 2016 19:48:00

Article 50 ways to leave your exes

Annotated text of the key get-out clause for the UK
FT   |   Fri, 24 Jun 2016 19:47:59

Brexit Could Usher In a Donald Trump Presidency and More EU Exits

Britain's departure threatens the European Union and opens the door to a Donald Trump presidency.
John McCormick / U.S. News   |   Fri, 24 Jun 2016 19:47:13

Brexit - Do Not Forget About China

Welcome to the end of the world as we know it. The Brits, in one of the most self-absorbed acts in mass myopia, voted to flee the European Union (EU). It shocked the world, but only because the world wasn't [...]
The Sovereign Investor / Value Walk   |   Fri, 24 Jun 2016 19:46:38

Brexit creates buy opportunity in online travel stocks, analyst says

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 19:46:11

This is How the Brexit Could Impact New York City Real Estate

The unprecedented referendum has rolled out a global cloud of uncertainty.
Morgan Halberg / NY Observer   |   Fri, 24 Jun 2016 19:44:59

Why 'Leave' Won - and What Must Happen Next

Last night, Britons chose to leave the European Union. In doing so, they prioritized concerns about sovereignty and immigration over the economic stability of E.U. membership, repudiating President Obama, who, in April, warned Britons that they would lose influence and wealth if they voted warning may yet come true, but ...
National Review   |   Fri, 24 Jun 2016 19:44:43

Brexit Should Be a Warning About Donald Trump

As Donald Trump stood in front of the Trump Turnberry golf resort, in Scotland, the morning after the vote for Brexit, he was asked to contemplate his own place in the world, and his power over the minds of the British. "Do you think anything you said in the United ...
New Yorker   |   Fri, 24 Jun 2016 19:43:42

Fateful O'Hare Airport pizza meeting sealed 'Brexit' vote deal, British media says

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 12:42 p.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
Kim Janssen, Chicago Tribune / LA Times   |   Fri, 24 Jun 2016 19:43:00

Brexit and the Immigration Question

More than anything else, Brexit is a sign that both British and EU leaders have lost the benefit of the doubt.
Gallagher / The American Interest   |   Fri, 24 Jun 2016 19:42:56

Nordgold NV may opt for Toronto listing instead of London after Brexit vote

The company will hold off from refinancing debt as it studies what impact the U.K.'s decision to leave the EU will have on the market
Yuliya Fedorinova and Andrey Lemeshko, Bloomberg News / Financial Post   |   Fri, 24 Jun 2016 19:42:26

Crescat Capital - Persistent Protection & Growth In The Wake Of Brexit

Crescat Capital - Persistent Protection & Growth In The Wake Of Brexit Since the UK's unprecedented decision to exit from the European Union overnight, Crescat has been working hard to ensure the continued protection and growth of capital for our [...]
VW Staff / Value Walk   |   Fri, 24 Jun 2016 19:42:16

Brexit May Increase M&A In European Consumer Foods

Susquehanna's Pablo Zuanic takes a look at consumer food companies in the wake of Brexit , and writes that Coca-Cola Enterprises ( CCE ), Mondelez ( MDLZ ) and SodaStream ( SODA ) have the most exposure to the British pound and euro, which are falling today. For bargain hunters, ...
Teresa Rivas / Stocks To Watch   |   Fri, 24 Jun 2016 19:41:45

Regret voting to leave the EU? There's a hashtag for that: #regrexit

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 11:56 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
Megan Garvey / LA Times   |   Fri, 24 Jun 2016 19:41:00

George Soros, Crispin Odey Among Brexit's Big Winners

Not everyone is dismayed by the carnage on global financial markets following Britain's decision: famed investor George Soros (who made big money betting against Britain once before) and hedge fund manager Crispin Odey could end up among the biggest winners from the vote and subsequent reaction. read more
Steve Lord / FINalternatives   |   Fri, 24 Jun 2016 19:40:20

'I'm depressed, grieving': U.K. film and TV industries respond to 'Brexit' vote

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 11:56 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
Rebecca Keegan / LA Times   |   Fri, 24 Jun 2016 19:39:00

What The Brexit Result Means For The UK Oil And Gas Industry

Britain has woken up this morning to the news that it will be leaving the European Union. The decision, won by a majority of just four percent, is not just the result of months of campaigning by Brexit supporters, but four decades of latent Euroscepticism. The populist will of the ...
Chris Smith / Oil Price   |   Fri, 24 Jun 2016 19:37:50

Will Brexit Create Market Trends, Impact Hedge Fund Performance?

Coming into the Brexit vote, hedge fund leadership as measured by the HSBC Hedge Weekly performance report was reasonably diversified. Energy players, Russian specialists, several value hedge funds and various commodity and a smattering of quant funds dominated the top [...]
Mark Melin / Value Walk   |   Fri, 24 Jun 2016 19:37:24

There will be some short-term pain but Brexit will make us richer

Allister Heath / Ambrose Evans-Pritchard   |   Fri, 24 Jun 2016 19:37:18

Obama stresses long-term stability after British vote rocks markets

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 11:56 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
LA Times   |   Fri, 24 Jun 2016 19:37:00

This is Why You Invest in Gold

As #Brexit arrows fly our subs are shielded by #Gold along w/ $TLT & - Hedgeye (@Hedgeye) June 24, 2016 (via Hedgeye)
Economic Policy Journal   |   Fri, 24 Jun 2016 19:35:00

Ex-Minister To Lead Banks' Brexit Response

Baroness Vadera will chair an emergency meeting next week of Britain's leading financial services bodies, Sky News learns.
Sky   |   Fri, 24 Jun 2016 19:33:32

"Brexit" Does Not Change The US Economic Picture

I'll add to Davidson's data points here saying the ABI is as the highest level in over a year: submits 'BREXIT' does not change basic economics. There has been a recovery underway globally and this will continue. Every [...]
valueplays / Value Walk   |   Fri, 24 Jun 2016 19:32:48

Aftershocks: More Rifts in Europe, and in Britain, Too

The British pound and stock prices plummeted, there was immediate pressure for another referendum on Scottish independence, and David Cameron said he would resign by October.
STEVEN ERLANGER / DealBook   |   Fri, 24 Jun 2016 19:32:30

Oil Prices Down, but Pare Losses

Oil prices dropped Friday but erased some overnight losses after the U.K.'s vote to leave the European Union had triggered a selloff across markets.
WSJ   |   Fri, 24 Jun 2016 19:32:06

British scientists are freaking out about 'Brexit' too

The United Kingdom's decision to exit the European Union has affected all aspects of British society - even science. On Friday, the Royal Astronomical Society, which works to advance science research in the U.K., took a break from promoting new findings in astronomy and geophysics to weigh in...
Deborah Netburn / LA Times   |   Fri, 24 Jun 2016 19:31:00

Brexit vote could complicate potential Liberty Global-Vodafone merger

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 19:30:14

A Pro-EU Economist's Sober Assessment of What Drove the British to Leave

London -- Sometimes a clear-eyed supporter of a certain point of view can best see what the weaknesses of that position is. After a shell-shocked panel of pro-Remain experts had delivered an autopsy of Britain's membership in the European Union for the Mile End Institute Friday morning, I sought out ...
John Fund / National Review   |   Fri, 24 Jun 2016 19:29:46

Brexit Creates a Lonely New American Exceptionalism

The map showing the results of the United Kingdom's vote to exit the European Union was stark. There was a bright bulb of support for Remain in and around London, where sixty per cent of voters supported the status quo. Across the rest of England, the vote was to leave. ...
Benjamin Wallace-Wells / New Yorker   |   Fri, 24 Jun 2016 19:29:21

Post-Brexit dollar will crimp tech revenues

Technology investors should get ready to hear a lot more about the negative impact of foreign exchange rates.
USA Today   |   Fri, 24 Jun 2016 19:29:20

Brexit puts fintech and high-frequency trading firms in FX winners' circle

Brexit has unleashed uncertainty for months and years to come in the foreign exchange markets, says Keith Underwood. Here are the winners and losers.
CNBC   |   Fri, 24 Jun 2016 19:28:00

The Clinton Campaign Just Released a Video Mocking Donald Trump's Response to Brexit

Hillary Clinton's campaign released a short video on Friday afternoon lampooning Donald Trump's response to Brexit. The presumptive GOP nominee weighed in on the referendum to leave the European Union-a move he has recently championed-during a press conference at his golf course in Scotland, Turnberry. The video intercuts news footage ...
Mother Jones   |   Fri, 24 Jun 2016 19:27:38

US Treasurys rally as investors rush to 'safe havens' following Brexit vote

U.S. Treasury notes leaped on Friday a strong bid after the results of the U.K. referendum on EU membership stunned global markets.
CNBC   |   Fri, 24 Jun 2016 19:27:00

What were Google's most frequent searches after Brexit?

The second-most popular question for the search engine giant: 'What is the EU?' The post What were Google's most frequent searches after Brexit? appeared first on Macleans.ca .
Zane Schwartz / Macleans   |   Fri, 24 Jun 2016 19:25:32

It's Brexit: A visual guide to the UK's dramatic decision

CNN   |   Fri, 24 Jun 2016 19:24:41

Industrial Stocks: Brexit is 'Bad For All Our Companies'

Bernstein's Steven Winoker and team contend that Brexit is "bad for all our companies - it is just a matter of degree." They explain why Tyco International ( TYC ), Idex ( IEX ), Danaher ( DHR ), Honeywell International ( HON ) and Emerson Electric ( EMR ) could ...
Ben Levisohn / Stocks To Watch   |   Fri, 24 Jun 2016 19:24:02

Life after Brexit: What happens to Canada's trade deal with Europe?

Keep calm and carry on, eh? After a long and rocky road, Canada believed it was on track to ratifying its trade deal with the European Union by early next year. But then: came Brexit. Does that sink the ship?
Janyce McGregor / CBC   |   Fri, 24 Jun 2016 19:23:37

Santelli: No Brexit bailout

Jim Bianco, of Bianco Research, joins CNBC's Rick Santelli to discuss the next potential move by the Fed, after news Britain will exit the EU.
CNBC   |   Fri, 24 Jun 2016 19:21:00

Brexit a Possible Golden Opportunity for China, Say Analysts

Straits Times. Singapore.
Straits Times. Singapore. / World Affairs   |   Fri, 24 Jun 2016 19:18:53

Interface downgraded by Raymond James on Brexit risks

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 19:18:12

Banks brace for changes

CNBC's Kayla Tausche reports on the Brexit effect on financial companies.
CNBC   |   Fri, 24 Jun 2016 19:18:00

Vanguard Warns Against Tactical Portfolio Moves

It may take several years for the specifics of Brexit to play out, and the resulting uncertainty will likely rattle markets during that time, the Vanguard Group is telling investors.
MoneyBeat   |   Fri, 24 Jun 2016 19:16:50

U.S. stocks hammered as Brexit shock rocks markets

Investors were stunned by the move and the prime minister's resignation announcement.
USA Today   |   Fri, 24 Jun 2016 19:16:48

FTSE 100 closes 4% lower in global market sell-off as Brexit recession looms - live

World markets have slumped in Europe, America and Asia, as economists predict that Brexit vote will push UK into recession Latest: European markets battered after Brexit vote Dow Jones down 500 points in Wall Street selloff UK recession 'near certainty' Bank of England pledges £250bn liquidity Pound hit 31-year low ...
Graeme Wearden and Nick Fletcher / Guardian   |   Fri, 24 Jun 2016 19:16:39

MONEY MARKETS-Surprise Brexit vote unleashes scramble for dollars

* Dollar/euro cross-currency swap widest since December (Add background, quote, byline)
Reuters   |   Fri, 24 Jun 2016 19:16:05

The Latest: Brexit vote dampens spirits at Glastonbury fest

Britain's decision to leave the European Union has dampened some spirits at the Glastonbury Festival, the country's leading summer music extravaganza
U.S. News   |   Fri, 24 Jun 2016 19:15:37

How Labour Blew It

When the first results came in from Sunderland last night, you could tell something was going wrong.Sunderland, an industrial city on the North Sea, had voted 61 percent for Leave, a far larger margin than had been expected. It was an ominous sign for the Remain camp, and a hopeful ...
National Review   |   Fri, 24 Jun 2016 19:14:17

Financial Sector ETFs Plunge on Brexit Contagion

Bank stocks and financial sector exchange traded funds were the biggest losers in U.S. markets as traders weighed the potential years of uncertainty in response to the passing "Brexit" referendum. Broad financial sector ETFs came under fire Friday. The Financial Select Sector SPDR (NYSEArca: XLF) fell 4.9% iShares U.S. Financials ...
Max Chen / ETF Trends   |   Fri, 24 Jun 2016 19:13:55

Brexit is bad news for asset managers - Citi's Katz

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 19:13:51

Overwhelmed by Here Are the Basics

A majority of Britons voted Thursday to leave the European Union. Here’s a brief guide to what happened, what it means and what could happen next.
Sewell Chan   |   Fri, 24 Jun 2016 19:13:28

Brexit 'major blow' to film and TV industry, but not 'GoT'

The UK's exit from the EU could impact the country's film and television industries, but not on "Game of Thrones."
CNN   |   Fri, 24 Jun 2016 19:13:01

Brexit's lesson: Do not underestimate angry voters

Britain's stunning vote Thursday to leave the European Union was part of a dramatic internal struggle over the country's identity, culture and independence that will transform its role in the world for the foreseeable future. It will undoubtedly cause economic pain for its citizens while likely...
The Times Editorial Board / LA Times   |   Fri, 24 Jun 2016 19:13:00

Brexit: Britain votes to leave EU in historic divorce

PM David Cameron to resign after UK votes to leave the EU in referendum that could seal the fate of the union.
Al Jazeera   |   Fri, 24 Jun 2016 19:11:33

Brexit in Pictures

Lydia Chebbine / U.S. News   |   Fri, 24 Jun 2016 19:11:12

As Markets Fall On Brexit News, Understanding When A Loss Isn't Really A Loss

In a record-breaking referendum, a majority of voters opted for the United Kingdom to exit the European Union. At the news, markets dropped, worrying investors. But did you actually lose money? Here's how to understand realized losses from losses on paper.
Kelly Phillips Erb, Forbes Staff / Forbes   |   Fri, 24 Jun 2016 19:11:00

U.S. FundFlows Insight Report: Nervousness Ahead of the Brexit Vote Keeps Equity Investors at Bay

Despite some encouraging news on the economic front, investors remained on the defensive during the fund-flows week ended June 22, 2016. After digesting the Federal Reserve's dovish comments stemming from
Tom Roseen / Alpha Now   |   Fri, 24 Jun 2016 19:06:22

How Brexit changes the earnings equation

Brexit could have far-reaching effects on the earnings equation for the rest of 2016.
Bob Pisani   |   Fri, 24 Jun 2016 19:05:00

Why 'Brexit' Is the Biggest Threat Yet to This Bull Market

PHIL NOBLE Anthony MirhaydariJune 24, 2016 Global markets are under historic pressure on Friday after voters in the United Kingdom surprised the world with a decision to leave the European Union after more than 40 years of membership. By all accounts, the pressure is set to continue as the eight-year-old ...
sbhattacharyya / Fiscal Times   |   Fri, 24 Jun 2016 19:04:42

What's the future of the UK in the wake of Brexit?

A majority of British voters have opted to leave the European Union.
Al Jazeera   |   Fri, 24 Jun 2016 19:04:06

What Brexit Means for 5 Big Mergers

A look at what the U.K.'s "leave" vote could mean for five pending mergers.
Liz Hoffman / MoneyBeat   |   Fri, 24 Jun 2016 19:02:47

After Brexit Vote, U.S. Economy To Reflect Uncertainty About What's Next

The U.S. stock market reacted to the U.K.'s announcement that it's leaving the European Union. Repercussions from the historic decision are being felt around the world.
David Greene / NPR   |   Fri, 24 Jun 2016 19:02:36

Best- and worst-positioned airlines for Brexit

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 19:02:13

At pub, expat Brits express disbelief

British expats gathered at local pubs in New York to express their disbelief at the Brexit.
CNBC   |   Fri, 24 Jun 2016 19:02:00

'Something very bad has happened'

How markets scrambled to keep up with Brexit shock
FT   |   Fri, 24 Jun 2016 19:01:21

Brexit: Large consequences, BoE to ease policy - BNP

According to analysts from BNP Paribas, Brexit will have consequences beyond economics and they expect the Bank of England (BoE) to ease monetary...
Matías Salord / FX Street   |   Fri, 24 Jun 2016 19:01:15

Pressure on Stocks Continues After Historic British Vote

It's a Brexit bust in the stock market. U.S. stocks fell to one-month lows by midday Friday in the wake of Britain's historic and unprecedented Brexit vote, and tested key support levels as economic worries mounted. During the session, the S&P 500 Index fell below long-term support at 2050, but ...
JJ Kinahan, Contributor / Forbes   |   Fri, 24 Jun 2016 19:01:00

Afternoon Bulletin: Stonewall Becomes National Monument, Brexit Hits Wall St and More

It's the first time that a national park service monument will be dedicated to the fight for LGBT rights.
Josh Keefe / NY Observer   |   Fri, 24 Jun 2016 19:00:23

Brexit should be a wake-up call to US liberals: don't assume Trump will lose

In the wake of the UK's vote Thursday to leave the EU, comparisons of Brexit's success to the rise of Donald Trump have been flying far and wide. This is only natural, since anti-immigrant, anti-elite, and nationalist sentiments played major roles in both shocking phenomena. Of course, many of these ...
Vox   |   Fri, 24 Jun 2016 19:00:02

How the Brexit Vote Could Impact NATO and Defense Policy

Britain has voted to leave the European Union - what does that mean for transatlantic defense and security?
Christopher S. Chivvis / U.S. News   |   Fri, 24 Jun 2016 19:00:00

Winning The Peace After The Brexit War

Winning The Peace After The Brexit War by Andrew Lilico, Foundation For Economic Education So Brexit it is. After 25 years of complaining about the EU, the British people were asked to choose and they've chosen to go. Britain re-emerges, [...]
Guest Post / Value Walk   |   Fri, 24 Jun 2016 18:59:36

Three reasons why Americans should care about 'Brexit'

What Britain does, or doesn't do, might not seem relevant to investors and consumers on this side of the Atlantic. But just like a Cadbury Creme Egg, there is more than meets the eye about Thursday's historic vote to leave the European Union. The vote to exit the 28-nation EU ...
Jonathan Todd / LA Times   |   Fri, 24 Jun 2016 18:58:00

Obama Says ‘Special With Britain Will Endure

The vote by Britons to leave the European Union threw a shadow over the technology-friendly president’s trip to the Global Entrepreneurship Summit at Stanford University.
JULIE HIRSCHFELD DAVIS / NY Times   |   Fri, 24 Jun 2016 18:57:02

The U.K. Could Split Into 3 Parts After Brexit

There are organized and angry Scottish and Northern Irish independence movements that voted to 'Remain'.
Curt Mills / U.S. News   |   Fri, 24 Jun 2016 18:56:16

Hedge funds profiting in market plunge

Bullish positions in gold and volatility and short bets on China were some of the trades that benefited hedge funds.
CNBC   |   Fri, 24 Jun 2016 18:56:00

Canaccord takes hit on Brexit, sees 'opportunities' ahead

Indie broker gets 36 per cent of revenue from Britain and Europe
NIALL McGEE / Globe Investor Streetwise   |   Fri, 24 Jun 2016 18:55:11

'Brexit' vote means travelers to Britain may get more for their money

Britain on sale? With the "Brexit" vote to leave the European Union, Britain saw the pound slide against the dollar on Friday. Although a trip to, say, London is not as inexpensive as visiting many developing nations, the currency shift may mean your get more for your money, at least ...
Catharine Hamm / LA Times   |   Fri, 24 Jun 2016 18:55:00

Brexit

Feature Mercatus Center scholars weigh in on the United Kingdom's historic vote to leave the European Union, examining the impetus behind the vote and the potential future repercussions.
Mercatus.org / Mercatus   |   Fri, 24 Jun 2016 18:54:45

Brexiters' Rage against the Elites

Robert W. Merry Politics, Europe Globalism is out. Nationalism is in. Repeat after me: The status quo in the West is not working... . The status quo in the West is not working. That's the meaning of the seminal "Brexit" vote in the United Kingdom on Thursday. It wasn't merely ...
National Interest   |   Fri, 24 Jun 2016 18:54:00

The Brexit Revolt

With its vote to exit the EU, the UK has staged a revolt so forceful that it has already roiled global markets and now threatens not just to ignite financial crisis in Britain, but also to bring down the European project. So what were British voters revolting against?
Harold James / Project Syndicate   |   Fri, 24 Jun 2016 18:53:28

Welcome to a 'post-central bank' world

Markets should look toward politicians, not just to central banks, to parse the results of Brexit, experts told CNBC.
CNBC   |   Fri, 24 Jun 2016 18:53:00

Brexit Selloff Brings Out Contrarian Instincts Among Some Investors

Despite the old adage about trying to catch falling knives, the global stock market selloff that has followed Britain's decision to leave the European Union has some opportunistic U.S. managers already moving in the opposite direction. read more
Steve Lord / FINalternatives   |   Fri, 24 Jun 2016 18:51:47

Europe Is Dead: Long Live Europe?

The people of the UK have voted in favor of Brexit. Both Britain and the rest of Europe now face years of uncertainty. The EU has tough negotiations ahead and serious questions about its future. By SPIEGEL Staff
Spiegel   |   Fri, 24 Jun 2016 18:51:41

Mercatus Center Scholars Weigh in on Brexit

Expert Commentary Mercatus Center scholars weigh in on the United Kingdom's historic vote to leave the European Union, examining the impetus behind the vote and the potential future repercussions. David Beckworth has this to say about Brexit causing the biggest global monetary shock since 2008 at his blog: Brexit is ...
Richard Williams, Scott Sumner, David Beckworth, Daniel Griswold / Mercatus   |   Fri, 24 Jun 2016 18:51:40

The Week After the Day After 'Brexit'

Markets may be calmer but edgy next week following the U.K. decision to leave the European Union.
WSJ   |   Fri, 24 Jun 2016 18:50:15

J.K. Rowling, Corden react to vote

British celebrities flooded Twitter with their reactions to Britain's vote to leave the European Union after 43 years. Harry Potter creator J.K. Rowling wrote that she was disappointed: "I don't think I've ever wanted magic more." While, actress Elizabeth Hurley appeared to be elated with the news and wrote "birds ...
CNN   |   Fri, 24 Jun 2016 18:49:48

Higher Global Exposure Means Steeper Earnings Declines For S&P 500 Companies

Higher Global Exposure Means Steeper Earnings Declines For S&P 500 Companies by John Butters, FactSet "This past quarter, the effects of currency movement were slightly less than expected with a 1% to 2% headwind in most revenue categories including 1% [...]
Value Walk   |   Fri, 24 Jun 2016 18:48:53

Brexit Vote Implications: What the Outcome Means for the U.K., Europe and the U.S.

Michael Singh: As policy makers across the globe assess Brexit's implications for their economic relations with the U.K. and Europe, the outcome contributes to a sense that the international order is unraveling.
Michael Singh / WSJ Washington Wire   |   Fri, 24 Jun 2016 18:47:22

Labour cannot descend into infighting at this critical moment | John McDonnell

A Brexit vote is a disaster for the economy. My party needs to rally now in defence of working people and their families The Brexit vote has delivered the most enormous shock across the political system. And as the resulting market turmoil demonstrates, it is creating an enormous economic shock ...
John McDonnell / Guardian   |   Fri, 24 Jun 2016 18:47:03

'Brexit' means traveling to the U.K. will likely be much cheaper this summer

Demand for travel was already strong in the U.S., and the vote by the U.K. to leave the European Union will make it cheaper for Americans to visit their British cousins across the pond. The exit of the United Kingdom from the 28-nation union has pushed the value of the ...
Hugo Martin / LA Times   |   Fri, 24 Jun 2016 18:45:00

Headed for the Brexit: Obama Says U.K. Ready for Orderly Transition Out of EU

The president reaffirmed the U.S. commitment both to the United Kingdom and the European Union.
Joseph P. Williams / U.S. News   |   Fri, 24 Jun 2016 18:44:57

Commentary: Is the Brexit the Best Thing That Could Happen to the EU?

Pre-referendum polls notwithstanding, the Brexit is really not a surprise. Deep down, anyone around during the creation of the euro knew at the time that Britain was always a reluctant participant in the whole idea of a Greater Europe. read more
Steve Lord / FINalternatives   |   Fri, 24 Jun 2016 18:44:31

Germany's contribution to EU annual budget 'could rise by £2bn after Brexit'

James Rothwell / Telegraph   |   Fri, 24 Jun 2016 18:44:30

'Brexit' bears resemblance to infamous Black Wednesday

This time around, George Soros campaigned against Britain's withdrawal.
USA Today   |   Fri, 24 Jun 2016 18:44:21

Amid 'Brexit' selloff, some fund managers are bargain shopping

By David Randall NEW YORK (Reuters) - Britain's unexpected decision to leave the European Union spurred a global stock market selloff that has inspired some opportunistic U.S. investors to move in the opposite direction. Operating on the belief that the initial rout might be an overreaction, even in some European ...
Business Insider   |   Fri, 24 Jun 2016 18:43:33

Tesla-Solar City: A Lesson From Brexit

Seeking Alpha   |   Fri, 24 Jun 2016 18:41:51

Brexit: Indirect effects to consider - Wells Fargo

According to analysts from Wells Fargo, theory indicates that the effects of Brexit should be limited but there are many indirect effects that...
Matías Salord / FX Street   |   Fri, 24 Jun 2016 18:41:23

'Brexit' vote makes it cheaper for U.S. travelers to head to U.K. this summer

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 11:39 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
Hugo Martin / LA Times   |   Fri, 24 Jun 2016 18:41:00

Brexit threatens LSE-Deutsche Börse deal

Exchange tie-up to face further scrutiny from German regulators because of planned London HQ
FT   |   Fri, 24 Jun 2016 18:40:47

EU Referendum: What have you done, England and Wales?

Brexiteers offered Britain an alternative that is a mirage - full access to the EU market without free movement of persons. The country has voted for something it will be impossible to deliver. Anti-Brexit protesters demonstrate at the gates of Downing Street in central London after the UK voted to ...
Cathryn Costello / Open Democracy   |   Fri, 24 Jun 2016 18:40:35

These U.S. stocks clobbered by Brexit

USA TODAY's Matt Krantz takes a look at a handful of U.S. stocks that were hardest hit by the UK's decision to leave the European Union.
USA Today   |   Fri, 24 Jun 2016 18:40:05

'The world has shrunk': Obama says Brexit vote speaks to 'challenges raised by globalization'

President Barack Obama said Friday afternoon that he had spoken with British Prime Minister David Cameron and, based on his conversation, was the UK is "committed to an orderly transition out of the EU." "We agree that our economic and financial teams will be in close contact as we stay ...
Oliver Darcy / Business Insider   |   Fri, 24 Jun 2016 18:40:03

Pro-Brexit politicians are the dog that caught the car. Now immigration is their problem.

Their policies could actually increase immigration. And they have no idea how to control the fear they rode to victory. The UK's vote for Brexit on Thursday was, largely, an expression of anxiety about immigration. Polls showed 79 percent of Brits who thought immigration was a "force for good" voted ...
Dara Lind / Vox   |   Fri, 24 Jun 2016 18:40:02

How will Scotland react to Brexit?

Scots voted against Brexit in greater numbers than any other region. Will that vote lead to another referendum on independence? The post How will Scotland react to Brexit? appeared first on Macleans.ca .
Aaron Hutchins / Macleans   |   Fri, 24 Jun 2016 18:39:56

Obama: Brexit Shows 'Challenges Posed By Globalization'

President Barack Obama was realistic about the motivations behind the so-called 'Brexit.'
Brian Solomon, Forbes Staff / Forbes   |   Fri, 24 Jun 2016 18:39:00

Real estate execs cheer Brexit as New York properties will become safe haven for foreign money

Top real estate executives greeted Britain's decision on Thursday to exit the European Union-viewing the move as a boost to the New York City commercial and residential estate market. "I think... To view the full story, click the title link.
Daniel Geiger / Crain's NY   |   Fri, 24 Jun 2016 18:38:00

The post-Brexit financial world remains deeply uncertain

Despite the market's predictably volatile reaction to the EU referendum result, the longer-term impact will be harder to gauge This post-Brexit financial world will require a lot of untangling. The FTSE 100 index closed down only 200 points, which used to be seen as a bad, but far from catastrophic, ...
Nils Pratley / Guardian   |   Fri, 24 Jun 2016 18:37:08

UK Brexit Will Significantly Impact Global M&A

In the immediate aftermath of the EU Referendum vote, UK Prime Minister David Cameron announced his resignation and there's turmoil in the global markets. The Sterling slid by the most on record and European stocks headed for the biggest drop since 2008. Investors are looking for safety and for the ...
Matt Porzio, Contributor / Forbes   |   Fri, 24 Jun 2016 18:37:00

British celebrities and musicians react to 'Brexit' vote

As the world wraps its head around the United Kingdom's decision to leave the European Union, celebrities hailing from the U.K. took to social media to register their reactions to the referendum results. In May, a coalition of more than 250 celebrated British artists signed an open letter, urging...
Libby Hill / LA Times   |   Fri, 24 Jun 2016 18:36:00

Is Brexit The First Of Many Dominoes? [Chart]

Is Brexit The First Of Many Dominoes? by Jeff Desjardins - Visual Capitalist UK and the Rest of Europe Brace for an Uncertain Future The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Markets have been [...]
VW Staff / Value Walk   |   Fri, 24 Jun 2016 18:35:56

David Herro: Brexit Bank Impact

David Herro, Harris Associates partner, portfolio manager and CIO, discusses the play on European bank stocks. H/T Dataroma David Herro: Brexit Bank Impact
VW Staff / Value Walk   |   Fri, 24 Jun 2016 18:35:25

Obama: Confident in UK relationship after Brexit

President Obama is speaking at Stanford University with tech leaders.
USA Today   |   Fri, 24 Jun 2016 18:35:22

Brexit vote wipes $2 trillion off global stocks and knocks pound to 31-year low

Tara Cunningham / Telegraph   |   Fri, 24 Jun 2016 18:35:13

'Brexit' Forces Asia's Central Banks to Consider New Policy Moves

Central banks in Asia are considering fresh policy moves to shore up their economies after Britain's vote to leave the European Union.
WSJ   |   Fri, 24 Jun 2016 18:34:36

Global markets are in chaos after UK votes to leave EU (DIA, SPX, SPY, QQQ, TLT, GBPUSD, USD, GBP, JPY)

The UK has voted to leave the EU, and this stunning result is sending US stocks through the floor. The Dow plunged more than 500 points shortly after the open, and plunged nearly 600 points to to the lows of the session in afternoon trading. The S&P 500 was equally ...
Myles Udland and Akin Oyedele / Business Insider   |   Fri, 24 Jun 2016 18:34:00

U.K. film and TV industries 'grieving' in wake of 'Brexit' vote

Most fans of the horror series "Penny Dreadful" think of the Showtime drama as a British TV show. The story is set in turn-of-the-century London and many of the actors and writers are from the U.K. But "Penny Dreadful" has been a multinational show helped by the U.K.'s membership in ...
Rebecca Keegan / LA Times   |   Fri, 24 Jun 2016 18:33:00

The Impact, Both Now and Later

Stock market declines aren’t too worrying, but a recession is a major risk in Britain and something of a risk in the rest of Europe and the U.S.
NEIL IRWIN / NY Times   |   Fri, 24 Jun 2016 18:32:45

UK Brexit vote fuels wave of risk aversion

Stocks and pound sink as gold and yen soar
FT   |   Fri, 24 Jun 2016 18:32:32

UK leaves Europe: What's next

Welcome to the world after Brexit: The prime minister resigns. Here's what happens next.
CNBC   |   Fri, 24 Jun 2016 18:32:00

What is a man to wear for this apocalypse?

I had been listening for months to the Bremain campaign's fear mongering, and now that Brexit has won, we all better get ready for The End Of The World As We Know It!!!! What is a man to wear for this apocalypse? Friday humor, or not so much? Traditional... Minimalist... ...
Zero Hedge   |   Fri, 24 Jun 2016 18:31:52

Brexit: Not Done Yet, Gold Market To Benefit For A While

(Kitco News) - If you thought you were tired of talking about Brexit before the actual referendum, buck up because the conversation is just heating up. Early Friday, as the "leave" side was in complete control of Thursday's referendum, gold prices shot to $1,362.60 an ounce, its highest point since ...
Kitco News, Contributor / Forbes   |   Fri, 24 Jun 2016 18:31:00

Here Are The Airlines Best Positioned For Brexit

Like most stocks, airlines are down Friday, in reaction to the surprise Brexit vote . However, at this stage it's hard to handicap how the ramifications of Brexit will play out says Raymond James's Savanthi Syth , who writes that at least near-term earnings shouldn't be too greatly affected, given ...
Teresa Rivas / Stocks To Watch   |   Fri, 24 Jun 2016 18:30:51

Will house prices fall in the UK and EU after Brexit?

Property price growth is expected to slow in UK and Europe as consumer confidence falls.
Al Jazeera   |   Fri, 24 Jun 2016 18:30:34

Brexit is a middle finger from the baby boomers to young people like me

The United Kingdom has voted to leave the European Union, 52 percent to 48 percent. I am broken by this result. As a young person, I cannot help but feel betrayed. In fact, it's somewhat hard not to take it a little bit personally. Let's look at the voter demographics. ...
Jack Lennard / Vox   |   Fri, 24 Jun 2016 18:30:03

Evans-Pritchard: "The sky has not fallen after Brexit but we face years of hard labour"

There is no guarantee that the referendum leads to an exit so a lot of the commentary is speculative. That said, there is a chance that "the whole world, including the United States, including all that we have known and cared for, will sink into the abyss of a new ...
climateer / Climateer Investing   |   Fri, 24 Jun 2016 18:30:00

Brexit: Brits Are Asking 'What Is the EU?' After Voting to Leave it

Well, Great Britain, this is awkward.
Rachel Dicker / U.S. News   |   Fri, 24 Jun 2016 18:29:48

Why Brexit made sense to voters

Those who voted to leave the EU are celebrating Thursday's vote. Those who voted to remain are disappointed, disillusioned and concerned for the future.
CNN   |   Fri, 24 Jun 2016 18:28:27

'Brexit' zaps oil, farm product prices but helps gold

Oil and agricultural prices declined, and gold rose, as the market absorbed Brexit.
USA Today   |   Fri, 24 Jun 2016 18:28:05

What Brexit means for Amazon

How Britain's exit from the European Union could impact Amazon.
CNBC   |   Fri, 24 Jun 2016 18:28:00

Brexit could drive Fed to delay rate hike

The Brexit vote could prompt the Federal Reserve to delay hiking interest rates amid predictions of a global slowdown resulting from the United Kingdom's exit from the European Union.
USA Today   |   Fri, 24 Jun 2016 18:27:45

Post-Brexit: Blackmailing Central Banks Comes Next

Thanks to Brexit, EU nations will threaten to leave the union, argues Thomas Peterffy. Plus, "anger trades."
Barrons   |   Fri, 24 Jun 2016 18:27:41

Brexit: Nicola Sturgeon says second Scottish independence vote 'highly likely'

Scotland's first minister says a second independence referendum is "highly likely" after the UK voted to leave the EU.
BBC   |   Fri, 24 Jun 2016 18:27:26

BoE: Brexit will not cause financial crisis

Governor says UK's central bank is well prepared and has firepower
FT   |   Fri, 24 Jun 2016 18:27:20

We May See More Dominoes Fall After Brexit

Will Brexit Embolden Trump?Britain has Brexited, choosing populism and over pragmatism,...
D Volatility / Distressed Volatility   |   Fri, 24 Jun 2016 18:27:00

Brexit and the making of a global crisis

Britain's exit from the EU threatens to undermine the globalised economy it fought to create
FT   |   Fri, 24 Jun 2016 18:25:47

Brexit Panic May Cause Delay In Fed Rate Hike

The Brexit vote rocked the world's markets as investors were quick to respond to the surprise of Britain voting to exit the European Union by unloading stocks and piling into gold and other "safe haven" assets. Some economists believe the [...]
Michelle Jones / Value Walk   |   Fri, 24 Jun 2016 18:25:19

Fmr Lehman CFO: There's a way to get through this

Erin Callan Montella, Former Lehman Brothers CFO, discusses the similarities between the current market and economic climate post-Brexit vote and the Lehman Brothers crisis.
CNBC   |   Fri, 24 Jun 2016 18:25:00

Christine Lagarde: 'We, ourselves, stand ready' for Brexit

Christine Lagarde, head of the International Monetary Fund, gives her reaction to the UK's decision to leave the European Union.
BBC   |   Fri, 24 Jun 2016 18:24:56

What the Brexit Vote Means for the US Economy

REUTERS/Lucas Jackson Yuval RosenbergJune 24, 2016 The Brits have voted to quit the EU. Now what? Anyone who answers that question with any degree of confidence is probably trying to sell you something. The only certainty at this point is that the British economy will take a serious blow and ...
arader / Fiscal Times   |   Fri, 24 Jun 2016 18:24:45

Jeff Gundlach dumped his entire stake in European stocks right before the Brexit pandemonium

Jeff Gundlach sold right before the Brexit chaos. The DoubleLine Capital CEO said Friday that his firm sold all of its European equities position before the market closed Thursday and Britain voted to leave the European Union. Equities rallied Thursday, while Friday turned out to be the worst session for ...
Reuters and Akin Oyedele / Money Game   |   Fri, 24 Jun 2016 18:24:00

Brexit: David Cameron to quit after UK votes to leave EU

The UK votes to leave the European Union, prompting David Cameron to announce he is to step down as prime minister - and UKIP leader Nigel Farage to declare it "independence day".
BBC   |   Fri, 24 Jun 2016 18:22:42

President Obama speaks on 'Brexit' during the Global Entrepreneurship Summit

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 11:39 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
LA Times   |   Fri, 24 Jun 2016 18:22:00

What Explains the Brexit Shocker?

The result of the U.K. referendum on European Union membership has been a surprise and massive shock to so-called "expert" opinion.And not just to academic opinion: The betting markets, which are supposed to be inhabited by experts at setting odds, were assigning just a one-in-seven... Please click on the post ...
EconMatters / EconMatters Global   |   Fri, 24 Jun 2016 18:21:00

What 'Brexit' Means for the City of London

London risks losing thousands of finance jobs after the U.K.'s historic vote to leave the European Union. Keeping them will depend on the ability to strike a political deal that allows the U.K. to access the bloc's single market.
WSJ   |   Fri, 24 Jun 2016 18:20:07

Wait -- does Britain even know what it voted for?

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 11:39 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
Samantha Masunaga / LA Times   |   Fri, 24 Jun 2016 18:20:00

David Cameron falls on his sword

David Cameron has announced he will leave his role as prime minister in the wake of the UK's decision to leave the European Union.
CNN   |   Fri, 24 Jun 2016 18:18:04

Don't Be Scared-Brexit Won't Hurt America's Economy

Adam Klein Global Governance, Europe The danger presented to American interests is overstated. The British referendum to leave the European Union is a massive shock to the European political order. But what are its implications for U.S. foreign policy? Conventional wisdom dictates that a vote for Brexit was the undesirable ...
Adam Klein / National Interest   |   Fri, 24 Jun 2016 18:18:00

DoubleLine on Brexit

"The Brexit outcome suggests the public mood for change is even greater than we had thought." YATHINK? MARKETS TOTALLY BLINDSIDED BY THIS
maoxian / Maoxian   |   Fri, 24 Jun 2016 18:16:18

What does Brexit mean for Trump? - Business Insider

It's tempting to look at the Brexit win and worry that it means we've underestimated Donald Trump's odds of winning the American presidential election. Source: What does Brexit mean for Trump? - Business Insider The post What does Brexit mean for Trump? - Business Insider appeared first on Sax Angle ...
Sax Angle   |   Fri, 24 Jun 2016 18:16:05

RPT-ANALYSIS-Brexit a knockout punch to Fed's interest rate divergence mantra

WASHINGTON, June 24- Britain's shock vote to leave the European Union may tie the U.S. Federal Reserve to near zero interest rates for far longer than expected, according to new research indicating the U.S. central bank is now tightly bound to international economic conditions. Over the past 18 months the ...
CNBC   |   Fri, 24 Jun 2016 18:16:00

Brexit launches a thousand hot takes on what it means for U.S. politics

Get your oven mitts ready; you're gonna need 'em to handle these hot takes on what Brexit means for American politics. It's impossible not to see similarities between the successful campaign for Britain to exit the European Union and the campaign for Donald Trump to enter the White House. We've ...
Callum Borchers / The Fix   |   Fri, 24 Jun 2016 18:15:53

Steinbrugge: Brexit Will Increase Demand for Uncorrelated Hedge Fund Strategies

As commentary rolls in about Britain's historic vote last night, alternative investment industry veteran Don Steinbrugge of Agecroft Partners gives his take on implications for the hedge fund industry. read more
Steve Lord / FINalternatives   |   Fri, 24 Jun 2016 18:15:51

'Brexit' means traveling to the U.K. will be much cheaper this summer

Demand for travel was already strong in the U.S., and the vote by the U.K. to leave the European Union will make it cheaper for Americans to visit their British cousins across the pond. The exit of the United Kingdom from the 28-nation union has pushed the value of the ...
Hugo Martin / LA Times   |   Fri, 24 Jun 2016 18:15:00

Bank of England tries to calm markets as pound and shares plummet

Amid fears Brexit vote risks sparking fresh financial crisis, Carney says Bank ready to do whatever is needed to mitigate impact The governor of the Bank of England has stepped forward to calm financial markets after the Brexit vote sent the pound to its lowest level since 1985 and at ...
Larry Elliott, Katie Allen and Jill Treanor / Guardian   |   Fri, 24 Jun 2016 18:13:46

Make sure you follow the right crowd

Over at Econlog, I have a post explaining why Brexit is not about Britain. That's clearly not the conventional view, if you read the pundits. Philo asked this question: Scott, you really do think for yourself, rather than just following the crowd-for example, the crowd of economists. (That means you ...
Money Illusion   |   Fri, 24 Jun 2016 18:12:07

3 reasons Brexit does not portend a Trump victory - and one reason to worry

It's tempting to look at the Brexit win and worry that it means we've underestimated Donald Trump's odds of winning the American presidential election in November. That leap is tempting, but wrong. Here are three reasons our election is different, and that Brexit is not a sign we have underestimated ...
Business Insider   |   Fri, 24 Jun 2016 18:12:02

Why Brexit Is A Big Deal

The consequences of yesterday's vote by the British people to leave the European Union will be far-reaching, but there is no reason for global markets to panic.
HBS Working Knowledge, Contributor / Forbes   |   Fri, 24 Jun 2016 18:12:00

Sarah Palin Urges the US to Leave the United Nations

In the immediate aftermath of the landmark vote in which Britain has decided to leave the European Union, Sarah Palin-once the former governor of Alaska and real life vice presidential candidate-is suggesting the United States takes similar steps to leave the United Nations. "It is time to dissolve political bands ...
Mother Jones   |   Fri, 24 Jun 2016 18:11:28

Brexit, House sit-in a boon to besieged cable bundle

C-SPAN, BBC World News have moments in the spotlight
CNN   |   Fri, 24 Jun 2016 18:11:22

UPDATE 1-Frankfurt or bust? Wall St bankers in London ponder life post -Brexit

NEW YORK/ LONDON/ FRANKFURT, June 24- Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the region's preeminent financial hub. Even with those plans, huge uncertainties remain about when Britain will formally ...
CNBC   |   Fri, 24 Jun 2016 18:11:00

Needham: Macro Brexit concerns could hit global solar hard

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 18:10:25

Markets plummet worldwide in Brexit wake

Thomas Roberts speaks to MSNBC's Olivia Sterns and NBC News' Keir Simmons about how the Brexit vote has led markets to plummet worldwide.
MSNBC   |   Fri, 24 Jun 2016 18:09:53

WRAPUP-Canadian stocks, currency slide as Brexit raises global growth risks

TORONTO, June 24- Canada's currency and shares of most of its largest companies weakened in the wake of Britain's vote to leave the European Union on Friday, while government bond yields slipped as investors bet the Bank of Canada will cut interest rates. "This is just a bump in the ...
CNBC   |   Fri, 24 Jun 2016 18:09:00

10 ETFs Hit the Hardest in 'Brexit' Fallout

The votes are in and the United Kingdom will dissolve its 43-year membership in the European Union, triggering mass sell-off in global markets and exchange traded funds (ETFs). Leading the plunge, United Kingdom market-related ETFs were the worst hit, with the First Trust United Kingdom AlphaDEX Fund (NYSEArca: FKU), which ...
Tom Lydon / ETF Trends   |   Fri, 24 Jun 2016 18:08:57

Ireland says well-placed to lure firms from London post-Brexit

By Padraic Halpin DUBLIN (Reuters) - The Irish state agency in charge of attracting foreign investment has been in touch with firms considering relocating from London for months and could now reap the benefits post-Brexit, its chief executive said on Friday. While Ireland is considered to have more to lose ...
Business Insider   |   Fri, 24 Jun 2016 18:08:42

Brexit vote is a big win for British tabloids

Britain's vote to leave the European Union brought jubilant headlines from some of the UK's largest newspapers which had campaigned for a "leave" vote.
CNN   |   Fri, 24 Jun 2016 18:08:32

Week Ahead Brexit Shocks Global Markets

UK EU Referendum Ends with a Leave Win Unleashing a Chaotic Market Reaction. Voters in the United Kingdom decided by a 51.9 to a 48.1 percent to leave the European Union in the final result of the referendum. Financial markets were surprised as days before the vote the Remain camp ...
Alfonso Esparza / OANDA   |   Fri, 24 Jun 2016 18:08:18

Brexit Shows Betting Markets Are Not a Silver Bullet for Predicting Elections

"The momentum [is] all behind #Remain," tweeted out the gambling website Betfair yesterday at 10 a.m. EST. At 4:24 p.m., shortly before the last polls closed, the site was putting the odds that British voters would elect to stay in the European Union at 88 percent. An hour later, the ...
Stephanie Slade / Hit & Run   |   Fri, 24 Jun 2016 18:08:00

Summers warns against 'complacency'

Former Treasury Secretary Larry Summers says Brexit after-effects on the world will depend "heavily on psychology."
CNBC   |   Fri, 24 Jun 2016 18:07:00

Immigrants, Brexit, Trump and Inequality

"I'm confused," my brother emailed me this morning. "Why is fear dictating decisions around the world? First Trump, now Brexit. I need a professor of Sociology to help me understand what is going on." Unlike doctors or car mechanics, people rarely ask for my professional advice. Younger brothers are even ...
The Berkeley Blog   |   Fri, 24 Jun 2016 18:06:41

Cameron to Resign After Losing His Big Gamble

British Prime Minister David Cameron gambled big and lost by offering a referendum on Europe, a move that has changed his legacy and cost him his job.
WSJ   |   Fri, 24 Jun 2016 18:06:31

World's Wealthiest Hit Hard in Wake of Brexit

10 of the world's 100 richest people have seen their wealth decline by more than $1 billion since markets closed Thursday night, a day after the United Kingdom's historic decision to leave the European Union.
Derek Xiao, Contributor / Forbes   |   Fri, 24 Jun 2016 18:05:00

Clinton Camp On Brexit: We Beat The Angry Populist Once And We'll Do It Again

The official focus of a press call organized Friday by the Hillary Clinton campaign may have been Donald Trump and his response to Brexit -- the United Kingdom's shocking vote to leave the European Union -- but her previous rival Sen. Bernie Sanders (I-VT) also got an indirect shout out, ...
Tierney Sneed / TPM   |   Fri, 24 Jun 2016 18:04:30

Survey Anticipates Negative Brexit Effect

Though the post-Brexit referendum era is still in its early stages, the initial developments in the aftermath of the vote are in keeping with the results of a recent CFA Institute and the CFA Society of the UK survey. Read more
Paul McCaffrey / CFA Institute   |   Fri, 24 Jun 2016 18:03:54

Nomura Warns "Do Not Underestimate The Global Contagion" From Brexit | Zero Hedge

In a nutshell, Nomura expects the global impact of the Brexit to be more through the financial, confidence and psychology channels than simply through trade. Their warning is to not underestimate the depth and reach of global financial market contagion, which seems to have increased since 2008. Source: Nomura Warns ...
Harvey Sax / Sax Angle   |   Fri, 24 Jun 2016 18:03:49

Brexit: China Could Be The Biggest Winner Of All

There has been a LOT of discussion about the Brexit vote and what the implications are (although none of us can predict the future), but one interesting point many seemed to miss is the impact on the world's largest economy after [...]
Jacob Wolinsky / Value Walk   |   Fri, 24 Jun 2016 18:03:32

Brexit a knockout punch to Fed's interest rate divergence mantra

By Howard Schneider WASHINGTON (Reuters) - Britain's shock vote to leave the European Union may tie the U.S. Federal Reserve to near zero interest rates for far longer than expected, according to new research indicating the U.S. central bank is now tightly bound to international economic conditions. Over the past ...
Business Insider   |   Fri, 24 Jun 2016 18:03:01

The Article 50 Brexit clause explained: the FT's annotated text

Wondering why there is such a fuss over Article 50, the so-called EU exit clause? We've annotated the Article 50 text to explain the issues in full. You can read more about the Brexit divorce talks here and here. Read more
Alex Barker / FT Brussels Blog   |   Fri, 24 Jun 2016 18:02:48

Obama: Brexit won't derail relationships

Britain's exit of the EU will not divide the partnership between American and the EU, Obama said.
CNBC   |   Fri, 24 Jun 2016 18:02:00

Howard Marks - Brexit Not A Financial Catastrophe [Video]

Howard Marks, the co-founder of Oaktree Capital Group LLC, said British voters' decision to leave the European Union isn't likely to have drastic consequences for the economies of the U.K. or the European Union countries in the long-term. "Are people [...]
VW Staff / Value Walk   |   Fri, 24 Jun 2016 18:01:20

The areas and demographics where the Brexit vote was won

Who and what led the leave campaign to the startling win that will likely redefine British politics? The decision for the UK to leave the European Union was overwhelmingly supported in parts of England with low income and education levels. Average educational attainment, median income and social class in English ...
Caelainn Barr / Guardian   |   Fri, 24 Jun 2016 18:00:21

2:00PM Water Cooler 6/24/2016

Today's Water Cooler: Campaigns on Brexit, Jon Ralston gets his, House "sit-in", Nooners on Trump, durable goods, yield curve, the Nostromo
Naked Capitalism   |   Fri, 24 Jun 2016 18:00:09

Brexit: why Britain left the EU, explained with a simple cartoon

Britain voted Thursday to leave the European Union, a decision that surprised many and one whose consequences still aren't totally clear. We don't know quite yet what this will mean for the future of Britain's economy, its policies, and its relations with other European countries. There have been many twists ...
Alvin Chang / Vox   |   Fri, 24 Jun 2016 18:00:05

Brexit Warning: The Ties that Bind Us Are Not Holding

In the most recent issue of The Atlantic, the always interesting, and frequently brilliant, Jonathan Rauch wrote an essay on why politics doesn't work anymore. His take? We have reformed away the power of the middlemen -- the parties and party leaders. Direct democracy pits irreconcilable differences against each other ...
Maggie Gallagher / National Review   |   Fri, 24 Jun 2016 18:00:00

Obama: 'Confident' in orderly transition...

President Obama makes his first remarks after the Brexit vote at the Global Entrepreneurial Summit in California on Friday, saying he's confident the U.K. is ready for an orderly transition out of the E.U.
MSNBC   |   Fri, 24 Jun 2016 17:58:19

Do you regret your vote?

The United Kingdom has voted to leave the European Union. As a result, global markets have fallen, UK Prime Minister David Cameron has announced his resignation and people are facing a new world order.
CNN   |   Fri, 24 Jun 2016 17:58:13

Protect your 401(k) from the fallout

As global markets whipsaw from the shock of Brexit, US investors look for ways to safeguard their assets.
CNBC   |   Fri, 24 Jun 2016 17:58:00

Trump Takes Idiot to Eleven in Scotland

Trump is winging it on Brexit - and it shows.
Political Animal   |   Fri, 24 Jun 2016 17:57:45

Don't let Brexit spook you: investment advisers

It's worth reminding ourselves that markets almost always overreact to geopolitical news.
USA Today   |   Fri, 24 Jun 2016 17:57:35

What can Britain's vote to leave the EU tell us about the U.S. presidential election?

Brexit live updates: What's happening now that Britain voted to leave the EU June 24, 2016, 10:54 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for ...
David Lauter / LA Times   |   Fri, 24 Jun 2016 17:57:00

Google search spike casts doubts on U.K. Brexit knowledge

The United Kingdom may have voted to leave the European Union, but a look Google searches in the U.K. raises suspicion that voters didn't fully understand either side of the issue.
USA Today   |   Fri, 24 Jun 2016 17:55:30

Here's How the Art World is Reacting to the Brexit Vote

We tally the responses the morning after the historic vote.
Alanna Martinez / NY Observer   |   Fri, 24 Jun 2016 17:55:07

At Least Brexit Won't Have Any Effect on 'Game of Thrones'

But it will still wreak havoc on the rest of the entertainment industry. This article was originally published at Revelist . In a statement provided to Revelist, HBO says, "We do not anticipate that the result of the EU Referendum will have any material effect on HBO producing 'Game of ...
Victoria McNally, Revelist / AlterNet   |   Fri, 24 Jun 2016 17:55:00

Biotech: Buy the Brexit Blowup?

With biotech stocks like Alexion Pharmaceuticals ( ALXN ), Biogen ( BIIB ), Amgen ( AMGN ), Celgene ( CELG ) and Gilead Sciences ( GILD ) getting pounded following Britain's decision to embrace the Brexit, Piper Jaffray's Joshua Schimmer and team assess the damage:
Ben Levisohn / Stocks To Watch   |   Fri, 24 Jun 2016 17:53:16

This Was Obvious in 2010 and Stated Explicitly Last March - The Euro, Stick a Fork In it, Its Just About Done!

So, Brexit. And... Czexit, Pexit, Frexit as EU referendum CONTAGION sweeps Europe amid political quake. Go to 5:38 and you will see I predicted this day exactly 3 months ago. The accuracy is uncanny... I also called it in 2010 as well. Reference Lies, Damn Lies, and Sovereign Truths: Why ...
Reggie Middleton / Zero Hedge   |   Fri, 24 Jun 2016 17:52:05

Brexit, House sit-in coverage provide boon to besieged cable bundle

C-SPAN, BBC World News have moments in the spotlight
CNN   |   Fri, 24 Jun 2016 17:52:00

Clinton Assumes Role of Anti-Trump After Brexit Win

© Jason Miczek / Reuters Rob GarverJune 24, 2016 Presumptive Democratic presidential nominee Hillary Clinton, in a prepared statement on Friday, reacted much like the former secretary of state she is to the news that voters in the United Kingdom had chosen to leave the European Union. Her words drew ...
jherr / Fiscal Times   |   Fri, 24 Jun 2016 17:51:36

The Big Picture on Trumpism and Brexit Isn't What You Think

We are told we are entering a period of economic nationalism and right wing populism. We see it in the UK with Brexit, in the USA with Trumpism and in other nations and regions with their own unique inflections. From others we hear this is simply a tantrum or irrationality, ...
TPM   |   Fri, 24 Jun 2016 17:51:00

My take on Brexit winners and losers

Ian Bremmer offers up a quick take on Brexit winners and losers. Trump was almost a winner, butt then ...
CNBC   |   Fri, 24 Jun 2016 17:50:00

Trump says US is having own Brexit moment

There's a parallel between the U.K.'s vote to leave the EU and the current U.S. political climate, Donald Trump says.
CNBC   |   Fri, 24 Jun 2016 17:48:00

Brexit seen hitting Canadian growth, puts rate cuts back on table

TORONTO/OTTAWA June 24 (Reuters) - Canada's commodity-oriented economy will suffer a blow from Britain's vote to leave the European Union, which has put the prospect of Canadian interest rate cuts...
Reuters   |   Fri, 24 Jun 2016 17:46:42

What Are the Risks of Brexit?

Jeff Madrick Falling trade, global recession, growing nativism-but it's possible to mitigate these risks, if we finally end austerity.
Jeff Madrick / The Nation   |   Fri, 24 Jun 2016 17:46:11

Brexit and the rise of the far right

On Thursday 23 June 2016 the Far Right achieved its most important victory in British electoral history. David Cameron announces his resignation after the shock Brexit vote. Paimages/Daniel Leal-Olivas. All rights reserved.On Thursday 23 June 2016 the Far Right achieved its most important victory in British electoral history. Its referendum ...
John Weeks / Open Democracy   |   Fri, 24 Jun 2016 17:45:51

Insurance sector hit hard by Brexit vote

Insurance sector concerned over impact of referendum result on Lloyd's, London's insurance market
FT   |   Fri, 24 Jun 2016 17:45:47

Disgust with Elites and Fear of Others Drove Brexit Vote

D.D. Guttenplan I landed this morning in London, the capital of a nation that voted to turn its back on its neighbors.
D.D. Guttenplan / The Nation   |   Fri, 24 Jun 2016 17:45:43

BREMMER: Brexit is the world's most significant political risk since the Cuban Missile Crisis

It's official: Britain has chosen to leave the European Union. And markets are getting whacked. Global stocks are in meltdown mode, the pound is getting clobbered, and analysts are getting antsy about the possibility of a serious economic downturn in the UK and elsewhere. But while the markets may have ...
Business Insider   |   Fri, 24 Jun 2016 17:45:26

How Will the Brexit Affect You?

From a reader, Prasad: It's likely that I'm going to suffer the negative consequences of Brexit without the claimed positives. As the UK adjusts to life out in the cold, companies will uproot themselves to go somewhere that's in the single market; companies lose business as a consequence of their ...
Chris Bodenner / The Atlantic   |   Fri, 24 Jun 2016 17:45:00

Why Brexit means a weaker loonie to come

The difference in yield between the Canadian and U.S. two-year bond yields is worth monitoring
Scott Barlow / Globe and Mail   |   Fri, 24 Jun 2016 17:44:04

Brexit: Will No One Heed The Lessons Until We're All In Trouble?

The UK voted to leave the EU. What does it mean for Britain, for the EU, the world? Prime Minister Cameron resigned. The markets panicked and rallied somewhat but the pound dropped. The air filled with abuse against the majority decision. I had urged remain in a previous column, but ...
Melik Kaylan, Contributor / Forbes   |   Fri, 24 Jun 2016 17:44:00

Stock markets tumble after Leave vote

The FTSE 100 has closed almost 200 points lower after a wild day of trading in the wake of the UK's Brexit vote.
BBC   |   Fri, 24 Jun 2016 17:42:39

Brexit Right

If there is a regnant consensus among the men and women who steer the Western world, it is this: The globe is flattening. Borders are crumbling. Identities are fluid. Commerce and communications form the warp and woof, weaving nations into the tight fabric of a global economy. People are free ...
Yoni Appelbaum / The Atlantic   |   Fri, 24 Jun 2016 17:42:05

FidelityVoice: Brexit Vote Roils Markets

p>The United Kingdom (U.K.) vote on June 23 to exit the European Union (EU) sent shock waves through European and U.S. markets Friday, as investors began to digest the far ranging implications of this historic vote. After rallying on Thursday on optimism that the Brexit vote would fail, the FTSE ...
Fidelity Viewpoints Team, Fidelity / Forbes   |   Fri, 24 Jun 2016 17:42:00

How Hillary Clinton's campaign labels Donald Trump's 'Brexit' response: 'Pathological

Donald Trump praises his golf course, then the British vote to leave the EU June 24, 2016, 10:29 a.m. Donald Trump responds to Britain's stunning decision to leave the European Union, but only after he promotes one of his golf courses. Trump predicts that the so-called Brexit will turn out ...
Michael A. Memoli / LA Times   |   Fri, 24 Jun 2016 17:41:00

Media Call: Brexit

Speakers discussed the results of the United Kingdom's referendum on withdrawing from the European Union, including the political and economic consequences and what this will mean for the UK and Europe as a whole.
Council on Foreign Relations / CFR   |   Fri, 24 Jun 2016 17:39:02

4 ways Brexit could hurt the U.S. economy

Read full story for latest details.
CNN   |   Fri, 24 Jun 2016 17:38:58

Investors Terrified At Chaos Created By Brexit

Overnight Britain has moved from near stability to something resembling chaos, writes Sky's Economics Editor Ed Conway.
Sky   |   Fri, 24 Jun 2016 17:38:46

Listen to these 7 powerful audio reactions to Brexit from around the world

Much of the world is talking about Brexit, Britain's referendum vote to leave the European Union Thursday. There have been hot takes, speculation, and even some regret from voters, but it's hard to know what the world is feeling when you aren't able to talk to a large number of ...
Seth Archer / Business Insider   |   Fri, 24 Jun 2016 17:37:59

What does Queen Elizabeth II think about Brexit?

It's a fair bet that the U.K.'s head of state is mortified by the result The post What does Queen Elizabeth II think about Brexit? appeared first on Macleans.ca .
Patricia Treble / Macleans   |   Fri, 24 Jun 2016 17:37:51

London Stock Exchange and Deutsche Börse say merger will go ahead

Brexit vote means deal should either proceed or if it does combined firm should not be based in UK, say German politicians The London Stock Exchange and Deutsche Börse have insisted their proposed £21bn merger will still go ahead, despite a German politician declaring the tie-up "dead" after the UK ...
Rob Davies / Guardian   |   Fri, 24 Jun 2016 17:36:36

Economic Chill From 'Brexit' Depends on Three Unknowns

Uncertainty about what's next, or falling financial-asset prices, maintaining access to European markets, and the politics of further fragmentation, present a chilling mix shaping future U.K. economic prospects.
WSJ   |   Fri, 24 Jun 2016 17:36:13

Why Brexit Is The Phantom Menace

The market fallout following Britain's vote to leave the European Union is based on nothing but increased uncertainty. It shall pass.
Simon Constable, Contributor / Forbes   |   Fri, 24 Jun 2016 17:36:00

Political Calculus: Why the Surprise Over Don’t Blame the Polls

The referendum joins a long list of election forecasting errors. But this one was a bit different: It was not a big polling failure.
NATE COHN / NY Times   |   Fri, 24 Jun 2016 17:35:46

Now is the time to reject austerity | Frances Ryan

In pushing for Brexit, the powerful have exploited marginalised people's fears and needs. The left must help them to take back control David Cameron may soon be unemployed but, as the fallout of Britain's EU exit begins, we can be assured it will not be the Eton class who will ...
Frances Ryan / Guardian   |   Fri, 24 Jun 2016 17:34:04

Procrastinating: Special Brexit Reading Edition

**Over at [Equitable Must-Reads:** * **Nick Bunker**: [Weekend reading: "Heading for the Brexits" edition - Equitable * **Paul Krugman**: [Brexit: The Morning * **Felix Salmon**: [Little England Just Screwed Us * **Charlie Stross**: ["Tomorrow Belongs to * **Martin Wolf**: [Brexit: David Cameron, the Ex-Prime Minister,...
J. Bradford DeLong / Grasping Reality   |   Fri, 24 Jun 2016 17:33:51

IBEX 35 posts biggest one-day drop in its history after Brexit

The Spain's IBEX 35 plunged amid political and economic uncertainty after the Brexit vote. The index lost 12.35% to 7,787 points on Friday, marking th
Ani Salama / FX Street   |   Fri, 24 Jun 2016 17:33:30

Santelli: Big day for the dollar, or not really

CNBC's Rick Santelli discusses bond prices and yields after the Brexit.
CNBC   |   Fri, 24 Jun 2016 17:33:00

The Brexit May Be Just The Beginning of Anti-Europe Votes

One of the biggest consequences of the British vote to leave Europe is that other countries will consider doing the same. Populism and nationalism are on the rise all over the globe. Now that U.K. voters have been given a ...
Anil Kashyap / IGM Forum   |   Fri, 24 Jun 2016 17:32:51

The Markets' New Target: Europe

Eurozone markets were hit by a selloff Friday after Britain's vote to exit the European Union, an event many analysts expect could bolster further anti-European sentiment and increase tensions between nations in the common currency area.
WSJ   |   Fri, 24 Jun 2016 17:32:42

The Giant Hedge Fund That Got 'Brexit' Right

One early market winner in the fallout of the U.K.'s vote to leave the EU was Winton Capital Management, which uses automated computer programs to trade around economic trends.
WSJ   |   Fri, 24 Jun 2016 17:32:28

U.S. derivatives, commodities markets functioning normally after Brexit -CFTC

WASHINGTON, June 24 (Reuters) - The U.S. commodities regulator said on Friday it was monitoring the effects of Britain's vote to leave the European Union, and that the markets its oversees, which...
Reuters   |   Fri, 24 Jun 2016 17:32:26

Germany Warns Of Brexit Domino Effect

Germany is warning of a Brexit domino effect as far-right leaders in France and the Netherlands demand their own EU referendums.
Sky   |   Fri, 24 Jun 2016 17:32:17

Trader sees more carnage for banks

Amid the post-Brexit market carnage, one trader sees even more pain to come for financials.
CNBC   |   Fri, 24 Jun 2016 17:32:00

UPDATE 2-Already hot U.S. municipal bond market rallies further on Brexit

NEW YORK, June 24- U.S. municipal bond yields blew through previous record lows on Friday as investors snapped up tax-free debt amid a global flight to safety after Britain voted to leave the European Union. The week ended June 22 had the highest inflows in over three years at $1.4 ...
CNBC   |   Fri, 24 Jun 2016 17:31:00

LIVE: Obama makes remarks on Brexit vote

President Obama comments on Britain's vote to leave the European Union.
MSNBC   |   Fri, 24 Jun 2016 17:30:21

Brexit Means Bargains for U.S. Travelers to Britain and Europe

"Britain is effectively on sale," says one expert.
Andrew Bender, Contributor / Forbes   |   Fri, 24 Jun 2016 17:30:00

Brexit: what happens when Britain leaves the EU

Voters have voted in favor of Brexit: British exit from the European Union. That means that in the coming months, British and European leaders will begin negotiating the terms of Britain's departure. Britain's exit will affect the British economy, immigration policy, and lots more. It will take years for the ...
Timothy B. Lee / Vox   |   Fri, 24 Jun 2016 17:28:00

Is Brexit a Harbinger of Trumpism?

With apologies to the climactic song in "Les Miserables," here are the self-destructive Brits who voted yesterday to exit the European Union. Cue the music! Do you hear the people sing Singing the song of angry men We will crash the British pound Against the dollar and the yen, When ...
Moderate Voice   |   Fri, 24 Jun 2016 17:27:43

From Brexit to 'Texit'?

The news that Britain is leaving the European Union has some interesting implications for America's own domestic politics. Take, for example, the Supreme Court's decision yesterday in the executive-amnesty case United States v. Texas. Texas had challenged Obama's abuse of presidential powers through the federal courts, with rather more success ...
Mario Loyola / National Review   |   Fri, 24 Jun 2016 17:27:09

Lessons from the Brexit for the Role of Demographics in Determining Policy

The NY Times reports that the old in the UK support leaving the EU while the young wanted to stay remain in the EU. As the large set of Baby Boomers ages (and keeps voting because they are living longer), what other policies will they vote for? Demography's impact on ...
Matthew Kahn / Environmental and Urban Economics   |   Fri, 24 Jun 2016 17:27:00

Contributing Op-Ed Writer: Brexit and Europe’s Angry Old Men

I used to laugh at pro-union ideologues. Then I realized where the real threat was.
JOCHEN BITTNER / NY Times   |   Fri, 24 Jun 2016 17:24:28

Generation gap

Many young Remain supporters blame older voters for Brexit. Is there really a generational divide?
BBC   |   Fri, 24 Jun 2016 17:24:06

U.S. tobacco stocks light up gains despite Brexit

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 17:22:35

Full interview with Alan Greenspan

Former Fed Chairman Alan Greenspan struck a somber tone after news the U.K. will leave the EU. Watch the full interview here.
CNBC   |   Fri, 24 Jun 2016 17:22:00

Euro and PIIGS ETFs Crushed on Brexit Outcome, Down 10 Percent Or More

With the Brexit Vote only adding that much more uncertainty, the reality is setting in that this could spell long-term trouble for the European Union. Britain never did share its currency, but they... EWI EWP FEZ GREK VGK Administrator European currency
Jon C. Ogg / 24/7 Wall St.   |   Fri, 24 Jun 2016 17:21:41

ANALYSIS-Brexit a knockout punch to Fed's interest rate divergence mantra

WASHINGTON, June 24- Britain's shock vote to leave the European Union may tie the U.S. Federal Reserve to near zero interest rates for far longer than expected, according to new research indicating the U.S. central bank is now tightly bound to international economic conditions. Over the past 18 months the ...
CNBC   |   Fri, 24 Jun 2016 17:21:00

US bond markets seen immune to Brexit-induced volatility

NEW YORK, June 24 (IFR) - Britain's stunning vote to quit the European Union roiled the global markets, but borrowers raising debt in the US may turn out to be largely immune to the turmoil.
Reuters   |   Fri, 24 Jun 2016 17:20:54

How Britain backed a Brexit: the key moments of the night

Gordon Rayner / Telegraph   |   Fri, 24 Jun 2016 17:20:38

Brazil Finance Ministry says country ready to weather Brexit fallout

BRASILIA, June 24 (Reuters) - Brazil is prepared to withstand periods of global instability thanks to its large international reserves and robust economic fundamentals, the Finance Ministry said on...
Reuters   |   Fri, 24 Jun 2016 17:20:27

'Damn!' Who is saying what in wake of Brexit vote

Reactions to Britain's vote to leave the European Union The post 'Damn!' Who is saying what in wake of Brexit vote appeared first on Macleans.ca .
The Associated Press / Macleans   |   Fri, 24 Jun 2016 17:20:13

Brexit: what it means for the US economy

The UK's decision to abandon the European Union and all the trade and economic advantages that membership offers has sent markets into turmoil. The pound is at its weakest point in decades, the Dow and S&P 500 have plunged in the US, and oil prices are plummeting. All of which ...
Dylan Matthews / Vox   |   Fri, 24 Jun 2016 17:20:02

Hillary Clinton Really Has Not Understood the Brexit Vote

As one who campaigned for a number of years for yesterday's Brexit vote, that Britain should leave the European Union, of course I am not unbiased upon this subject. However, that also does mean that I'm aware, well informed even, on what actually happened here. And as such I can ...
Tim Worstall, Contributor / Forbes   |   Fri, 24 Jun 2016 17:20:00

Publicis CEO Maurice Lévy on Brexit: I was stunned to the point that it felt 'as if I had no legs' (PUB, PUBGY)

At just past 11 p.m. last night, when Publicis Groupe CEO Maurice Lévy went to bed, he was comfortably certain Britain was going to vote to remain in the EU. But when he awoke this morning at 4.a.m. he was "stunned" and unhappy to see Britain had voted - by ...
Lara O'Reilly / Business Insider   |   Fri, 24 Jun 2016 17:19:40

Business rushes to reassure on Brexit

Head of CBI calls for 'grown-up conversation around immigration' so companies can get staff
FT   |   Fri, 24 Jun 2016 17:19:18

Discovery Communications -7.1%; points to hedging as Brexit defense

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 17:19:10

Brexit 'a Warning' for Hillary Clinton, Says Council on Foreign Relations President

Richard Haass, a one-time adviser to Colin Powell and former envoy to Northern Ireland, saw parallels between the anti-European Union vote and the rise of Donald Trump.
Will Bredderman / NY Observer   |   Fri, 24 Jun 2016 17:18:07

Big Bank CEOs Respond To Brexit In Comfortingly Predictable Fashion

Important men don't change in a crisis, they become bigger versions of themselves.
Thornton McEnery / Dealbreaker   |   Fri, 24 Jun 2016 17:17:29

Brexit fallout shakes up global trade

Britain will revert to World Trade Organization rules after it exits the European Union.
USA Today   |   Fri, 24 Jun 2016 17:17:11

Brexit Could Be a Boon for Lawyers

In the wake of the Brexit vote, lawyers are positioning themselves to dole out quick advice-and​ fill ​their coffers while doing so.
Sara Randazzo / WSJ Law Blog   |   Fri, 24 Jun 2016 17:15:20

Why Brexit Will Raise Trade Barriers

Britain's new trade bargain with the European Union won't be settled for years, but investors shouldn't bank on a maintenance of the status quo.
WSJ   |   Fri, 24 Jun 2016 17:14:41

Avoid crowded trades after Brexit leave win: Strategist

A surprise vote from Britain in favor of leaving the EU sent global markets into disarray. One analyst says volatility will continue.
CNBC   |   Fri, 24 Jun 2016 17:14:00

Brexit is a more impressive achievement than the French Revolution

Andrew Roberts / Telegraph   |   Fri, 24 Jun 2016 17:13:34

Liberty Global -10.9%; Pivotal downgrades amid Brexit

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 17:12:42

Brexit vote batters UK stocks

Housebuilders, banks and high street stocks hit hard as main equities indices make broad losses
FT   |   Fri, 24 Jun 2016 17:12:06

Trust Italy-UK trade will flourish says British ambsassador

Rome, June 24 - British Ambassador to Italy Christopher Prentice said Friday he bilateral trade will continue to flourish in the aftermath of the Brexit. The UK is Italy's seventh trading partner and "made-in-Italy (products) will continue to be important and competitive on the British market," the
Gazzetta Del Sud   |   Fri, 24 Jun 2016 17:12:00

Greenspan: It's The End Of The World As We Know It

Greenspan sounds exactly like @zerohedge right now on @CNBC - Mugatu (@MugatuCapital) June 24, 2016 And in a a self referential vortex* descending into madness, from ZeroHedge, Greenspan: Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It" During a CNBC inteview today, when discussing the historic Brexit ...
Climateer Investing   |   Fri, 24 Jun 2016 17:11:00

Hoyer on Brexit outcome, House sit-in

House Minority Whip Rep. Steny Hoyer, D-Md., joins to discuss the Brexit vote, calling it a "simplistic response to a complicated world." He also provides his take on the Democrats' sit-in to push for new gun laws.
MSNBC   |   Fri, 24 Jun 2016 17:10:47

Confused? We break down the 'Brexit' vote for you in this handy Q

Updates: Britain votes to leave European Union June 24, 2016, 10:09 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for peace and prosperity for the last...
Kim Willsher / LA Times   |   Fri, 24 Jun 2016 17:10:00

Automakers, parts suppliers hit hard by Brexit

The United Kingdom's decision to leave the European Union is taking its toll on automakers and auto suppliers in the highly intertwined global industry.
USA Today   |   Fri, 24 Jun 2016 17:09:51

One Hedge Fund Beat Brexit... But Might Still Have Lost Money This Year

Here's one way to do it. Bloomberg's Will Wainewright reports that a London-based global-macro hedge fund manager conducted a private polling operation ahead of Brexit and, correctly, bet massively against the market based on his results. The flagship fund of Odey Asset Management, run by Crispin Odey, is reportedly climbing ...
Chris Dieterich / Focus on Funds   |   Fri, 24 Jun 2016 17:09:47

How the 'Brexit' vote could affect your portfolio

Bulls are betting on a "stay" result, as a vote to "leave" will hurt risky assets.
USA Today   |   Fri, 24 Jun 2016 17:09:30

French central bank says closely monitoring Brexit market impact

PARIS, June 24 (Reuters) - France's central bank said on Friday it was closely monitoring the impact on financial markets of Britain's vote to split from the European Union.
Reuters   |   Fri, 24 Jun 2016 17:08:31

U.K.'s Brexit Vote Throws Political Scene Into Disarray

The historic vote to break away from the European Union has plunged the U.K. into political upheaval, knocking Prime Minister David Cameron from his perch at the country's helm, throwing the two main parties into turmoil and threatening the future of the union.
WSJ   |   Fri, 24 Jun 2016 17:07:33

Virtu Shares Rise as Trading Volume Soars on 'Brexit' Fears

Virtu Financial Inc., one of the world's largest high-frequency market-makers, saw its share rise 1.8% to $17.99 during the first three hours of trading on Friday.
Bradley Hope / MoneyBeat   |   Fri, 24 Jun 2016 17:06:29

Brexit's existential threat: Who's next?

Read full story for latest details.
CNN   |   Fri, 24 Jun 2016 17:06:17

After Brexit, EU Must Refocus on Credibility, Transparency, Legitimacy

As Brexit shock settles, the EU should stay pragmatic-keeping good relations with the UK-and refocus on European ambition to prevent the spread of a trend across the continent.
Daniela Schwarzer / World Affairs   |   Fri, 24 Jun 2016 17:06:04

World's Central Banks Try to Calm Nerves Following 'Brexit' Vote

The world's central banks moved to calm financial markets in the wake of the U.K.'s decision to exit the EU, pledging to provide cash to banks and deploy all the tools in their arsenals to maintain stable prices and safeguard the stability of the financial system.
WSJ   |   Fri, 24 Jun 2016 17:05:52

Emerging Market Currencies Drop on 'Brexit' Vote

Currencies in emerging markets from South Africa to Poland plunged on Friday after the U.K. voted to leave the European Union and investors dumped riskier assets in response to the surprising results.
WSJ   |   Fri, 24 Jun 2016 17:05:17

Legal Implications of Brexit Are Vast and Uncertain

The legal implications of Britain's vote to leave the European Union are sprawling as they are uncertain.
Jacob Gershman / WSJ Law Blog   |   Fri, 24 Jun 2016 17:04:27

Where the Hedge Funds Stood on Brexit

Hedge funds in the U.K., which manage about $400 billion and generally are tight-lipped, were unusually vocal on both sides of the Brexit debate in the lead-up to Thursday's referendum.
Anne Steele / MoneyBeat   |   Fri, 24 Jun 2016 17:04:24

Basically, Brexit was a tantrum - what should we do about it?

The strangest thing about Brexit is that, of all the members of the European Union, Britain had the weakest case that it would be better off leaving. Britain had managed to get itself a deal where it got only the good bits of the EU - free trade and an ...
Josh Barro / Business Insider   |   Fri, 24 Jun 2016 17:03:31

SPANKED! Financial Spreads founder laments 'sadomasochistic' City

Adam Jepsen, founder of Financial Spreads, reckons the market didn't see the Brexit vote coming because investors and gamblers kidded each other on in a 'self-fuelling' prophecy. "If ever proof was needed that the financial markets just aren't that clever, this could be it," Jepsen said in a note. "We ...
Proactive Investors   |   Fri, 24 Jun 2016 17:03:29

Confused? We break down the 'Brexit' vote for you

It was a contentious campaign, and in the end, a stunning outcome. Britain voted to leave the European Union on Thursday, by a 51.9% to 48.1% margin. What happens next, and what does it mean for Britain, which has been a key member of the EU, an organization created after ...
Kim Willsher / LA Times   |   Fri, 24 Jun 2016 17:02:00

After Brexit, could there be Grexit?

Greeks watch closely as Britain votes to leave the EU and contemplate their own future in the union.
Al Jazeera   |   Fri, 24 Jun 2016 17:01:07

US lessons from Britain's Brexit blunder

UK vote leaves America's global economic agenda hanging in the balance
FT   |   Fri, 24 Jun 2016 17:00:29

Alternative Thinking on Brexit...the Brexit...and What the Brexit, Brexit...

There are thousands of stories about Britain's decision to depart the European Union. Here's a round-up of 10 to catch our attention. read more
yduran / FINalternatives   |   Fri, 24 Jun 2016 17:00:16

US Fear Gauge Jumps 52% After Brexit Vote

The British are leaving! The British are leaving! Britain voted to leave the European Union by a narrow margin last ... View the full post at: US Fear Gauge Jumps 52% After Brexit Vote
WSP / Wall Street Pit   |   Fri, 24 Jun 2016 17:00:08

Brexit Flunk: Every Major Bookie in the UK Put Pounds on 'Remain'

Professional bet-makers predict the wrong result in the biggest yes/no poll the country ever faced.
Dan Barker / NY Observer   |   Fri, 24 Jun 2016 17:00:05

State of the Union: Brussels in state of shock but says Brexit must happen quickly

State of the Union is euronews' weekly round-up of European affairs. In this episode: Brussels reels from the UK's decision to leave the European...
euronews   |   Fri, 24 Jun 2016 17:00:03

Brexit Stupidity And The UK Passport

In what can only be called a fit of madness generally reserved for inbred English royalty, over 17 million Brits "shit where they ate" yesterday in a vote to leave the European Union. Essentially, those that enjoy living in constant [...]
Brendan Byrne / Value Walk   |   Fri, 24 Jun 2016 16:57:36

Cooperman: Brexit Is A Fad, Watch Fed, Valuations, Euphoria; BridgeWater Worries

Omega Capital's Leon Cooperman looks at the world as if it is a mathematical calculation. In a presentation with Evercore ISI this week, Cooperman essentially said: 1) those who think stock multiples are high need to understand relative value analysis; [...]
Mark Melin / Value Walk   |   Fri, 24 Jun 2016 16:57:15

After Brexit, who could be next to bolt from the EU?

The EU's handling of the immigration file has stoked resentment of the union across the continent The post After Brexit, who could be next to bolt from the EU? appeared first on Macleans.ca .
Shannon Proudfoot / Macleans   |   Fri, 24 Jun 2016 16:56:28

Dispatch from London: Anxiety following Brexit

Starting at around 1:00pm Greenwich Mean Time, ministers and senior management officials began fanning out across Whitehall with a simple, time-tested British message: Stay calm and carry on. So far, it isn't working. The mood in London-which voted overwhelmingly to stay in the European Union, unlike the U.K. overall-this morning ...
Bruce Jones / Brookings   |   Fri, 24 Jun 2016 16:55:00

The Brexit May Be Just The Beginning Of Anti-Europe Votes

One of the biggest consequences of the British vote to leave Europe is that other countries will consider doing the same. Populism and nationalism are on the rise all over the globe. Now that U.K. voters have been given a chance to express their preferences, I believe that it is ...
Anil Kashyap / FiveThirtyEight   |   Fri, 24 Jun 2016 16:54:55

Market Reaction: How Will Affect the Global Economy, Now and Later

Stock market declines aren’t too worrying, but a recession is a major risk in Britain and something of a risk in the rest of Europe and the U.S.
NEIL IRWIN / NY Times   |   Fri, 24 Jun 2016 16:54:45

Bonus Daily Cartoon: Brexit

Buy New Yorker Cartoons...
Kim Warp / New Yorker   |   Fri, 24 Jun 2016 16:54:26

Greenspan: Brexit shows problems EU faces

Greece may be next to leave, the former Fed chair says.
USA Today   |   Fri, 24 Jun 2016 16:54:05

Gold races to 2-year high as investors seek refuge from Brexit

Gold soared as much as 8 percent to its highest in more than two years after Britain delivered a shock vote to leave the EU.
CNBC   |   Fri, 24 Jun 2016 16:54:00

Financial Fridays: What the 'Brexit' Means!

Nothing. I almost have nothing more to say about it. I haven't been following the news at all about the entire issue. But I know a thing or two about financial disasters. This is so far from a financial disaster it's almost ludicrous when I looked at the headlines (although ...
Adam Richardson / Altucher   |   Fri, 24 Jun 2016 16:53:44

BP, Shell firm on dollar basis despite Brexit; Tudor Pickering says buy

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 16:52:06

Brexit FAQs: What Happens Next?

First, are the results really binding? For the side, this may be more wishful thinking than anything-given the scale of the "leave" victory-but, in theory at least, the referendum's results are not binding. That's because, in the U.K., it is Parliament that is sovereign. Referenda themselves are rare in the ...
Krishnadev Calamur / The Atlantic   |   Fri, 24 Jun 2016 16:51:17

Brexit: the demographic divide

The chain of events that led to Brexit will be examined in great detail - and much anguish on the Remain side - for years to come. Rapid changes in the UK's political climate undoubtedly played a part, and global events including the Great Recession and recent European migrant crisis ...
John Burn-Murdoch / FT Data   |   Fri, 24 Jun 2016 16:50:06

Why the Brexit vote result has UK scientists terrified

Brexit - the United Kingdom's vote to leave the European Union - is raising urgent questions for the future of the UK. Among the many communities gobsmacked by Thursday night's voting results is UK scientists - who depend heavily on EU membership for research funding, collaboration, and recruitment of top ...
Brian Resnick / Vox   |   Fri, 24 Jun 2016 16:50:03

Canada's largest pension funds eye post-Brexit bargains

TORONTO, June 24 (Reuters) - Canada's largest pension funds see opportunities to invest in UK real estate and infrastructure at discounted prices following Britain's decision to leave the European...
Reuters   |   Fri, 24 Jun 2016 16:48:07

Update on: Donald Trump praises his golf course, then the British vote to leave the EU

Donald Trump praises his golf course, then the British vote to leave the EU June 24, 2016, 9:48 a.m. Donald Trump responds to Britain's stunning decision to leave the European Union, but only after he promotes one of his golf courses. Trump predicts that the so-called Brexit will turn out ...
LA Times   |   Fri, 24 Jun 2016 16:48:00

Brave New World - first reflections on Brexit

The UK has stepped back from Europe, stepped back from the world - and in the process done deep damage to itself, the EU and the wider world. Nigel Farage: victorious. PAimages/Matt Dunham. All rights reserved.The shockwaves from England and Wales' Brexit vote will reverberate and grow for months and ...
Kirsty Hughes / Open Democracy   |   Fri, 24 Jun 2016 16:47:35

Brexit: Expect Waves Of Contagion on Asia

Analysts across Wall Street and the City of London are currently weighing in on the implications of Brexit for the UK, Europe, the US and the rest of the world. Nomura's Global Markets Research division is warning on the potential [...]
Rupert Hargreaves / Value Walk   |   Fri, 24 Jun 2016 16:47:21

Brits search for Irish passports

British citizens began frantically looking for ways to keep their European citizenship on Friday morning after a referendum on leaving the EU passed in a close vote.
CNN   |   Fri, 24 Jun 2016 16:47:07

Citi management: Bank "well positioned" on Brexit

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 16:45:29

Najarian cashes in Brexit bet win

Jon Najarian cashes out of a profitable Brexit trade Friday and shares his strategy for the days ahead.
CNBC   |   Fri, 24 Jun 2016 16:45:00

'A bad day for Europe': Brexit stuns EU leaders

Biggest setback in EU's history plunges bloc into new era of crisis and uncertainty
FT   |   Fri, 24 Jun 2016 16:43:10

Street worrying about Trump now

Wall Street analysts expressed worry to clients that the Brexit vote may be the start of a "populist insurgency" to sweep the globe.
CNBC   |   Fri, 24 Jun 2016 16:43:00

Dollar funding costs jump after Brexit vote

NEW YORK (Reuters) - The cost for Wall Street to fund dollar-based trades rose on Friday to the highest in nearly three months as Britain's vote to leave the European Union stunned investors, causing reluctance to lend as global stock markets plunged. The interest rate in the $3.8 trillion repurchase ...
Business Insider   |   Fri, 24 Jun 2016 16:42:08

LATAM CLOSE-Brexit vote quashes bond issuance

NEW YORK, June 24 (IFR) - No deals priced in the LatAm primary market on Friday.
Reuters   |   Fri, 24 Jun 2016 16:40:54

Brexit: London Mayor Sadiq Khan reassures immigrants that they have a place in Britain

London's Mayor Sadiq Khan has a message for all the Europeans working and living in the England's capital city: "You are welcome here." These are reassuring words in light of the Brexit referendum, in which the British people voted in favor of the United Kingdom leaving the European Union. The ...
Vox   |   Fri, 24 Jun 2016 16:40:03

Who Are The Biggest Losers From Brexit?

Yesterday, we warned "EU is nothing without Britain," and it seems that is being borne out by today's price action. There are two big losers from the Brits' decision to "Leave" - UK Billionaires... and the rest of Europe. First of all, UK stocks dropped almost 3% today - no ...
Tyler Durden / Zero Hedge   |   Fri, 24 Jun 2016 16:40:00

'Independence Day'

What Brexit looked like on social media - a round-up of best content
BBC   |   Fri, 24 Jun 2016 16:39:54

Facebook Inc (FB) Stock: Bearish Option Strategy Suggested

Facebook Inc (NASDAQ:FB) stock is slumping today, likely part of a broader market decline triggered by Brexit which has sent major stock indices around the world and other heavyweights like Apple tumbling. Well-known short-seller Andrew Left of Citron Research said [...]
Value Walk   |   Fri, 24 Jun 2016 16:37:13

VAROUFAKIS: Brexit means that the 'EU's disintegration is now running at full speed'

Former Greek finance minister and outspoken political activist Yanis Varoufakis believes that the historic vote to leave the European Union by the United Kingdom is a harbinger of the end of the EU. Writing in a post on the blog OpenDemocracy on Friday, Varoufakis said that while he is skeptical ...
Bob Bryan / Money Game   |   Fri, 24 Jun 2016 16:37:07

Looking for 'Brexit' Bargain Stocks? Be Prepared to Dig Deep

Bargain-hunters need creative thinking and an appetite for risk as they look through the wreckage in markets following the 'Brexit' vote.
Heard on the Street   |   Fri, 24 Jun 2016 16:36:54

Brexit: This Is Not a Drill -- Banks Get a Real-Life Stress Test

If there wasn't so much pain involved, investors in the biggest U.S. banks might enjoy the irony: little more than six hours after the U.S. Federal Reserve released its first round of bank 'stress test' results, financial firms and markets get a real-world version.
WSJ   |   Fri, 24 Jun 2016 16:35:45

MONEY MARKETS-Dollar funding costs jump after Brexit vote

NEW YORK, June 24 (Reuters) - The cost for Wall Street to fund dollar-based trades rose on Friday to the highest in nearly three months as Britain's vote to leave the European Union stunned...
Reuters   |   Fri, 24 Jun 2016 16:34:38

Why Should an American Care About Brexit?

The U.K. and the European Union are going through a messy divorce. But what does that mean for the U.S.?
Andrew Soergel / U.S. News   |   Fri, 24 Jun 2016 16:34:21

The Real Story Behind Brexit

Gold investors are vindicated. The United Kingdom shocked the world last night and voted to leave the European Union and both stock markets and currencies are in freefall. Regardless of the politics behind today's exaggerated move, the real takeaway is the confirmation of gold as a currency and gold as ...
Palisade Research / Zero Hedge   |   Fri, 24 Jun 2016 16:33:46

Britain's Democratic Failure

The real lunacy of the UKi's vote to leave the European Union was not that British leaders dared to ask their populace to weigh the benefits of membership against the immigration pressures it presents. Rather, it was the absurdly low bar for exit, requiring only a simple majority.
Kenneth Rogoff / Project Syndicate   |   Fri, 24 Jun 2016 16:33:29

Why the UK's exit could take 10 years

"We're going to be more sick of talking about the Brexit than we were about the Fed move," says one expert.
CNBC   |   Fri, 24 Jun 2016 16:32:00

Why Is Wal-Mart the Only DJIA Stock Immune to Brexit?

Of the 30 blue-chip stocks in the Dow Jones Industrial Average, only Wal-Mart Stores Inc. (NYSE: WMT) is showing a gain in Friday trading, up about 0.5% in the noon hour. Other blue-chippers are down... WMT 247paul self checkout WMT
Paul Ausick / 24/7 Wall St.   |   Fri, 24 Jun 2016 16:31:38

The Day After Brexit

An exit vote yesterday, June 23, 2016, will confront many companies with a host of challenges. Our presentation, available here, discusses the immediate legal questions firms will need to examine: Does the vote trigger break clauses or termination rights in my contracts? Will my seconded staff have to return to ...
Harvard Law School Forum   |   Fri, 24 Jun 2016 16:31:10

Brexit May Dim ARM's Royalties, Keep Stock 'Range Bound,' Says Canaccord

Semiconductor intellectual property licensing firm ARM Holdings (ARMH) could see its stock hemmed in by lower royalty payments following Britain's vote to leave the European Union, according to a note today by Canaccord Genuity's Matthew Ramsay. Although Ramsay has a Buy on the stock, and a $55 price target - ...
Tiernan Ray / Eric Savitz   |   Fri, 24 Jun 2016 16:30:55

If Your Argument Is Based on Economics, You've Already Lost

Brexit was an emotional choice, not a logical one.
HBR   |   Fri, 24 Jun 2016 16:30:05

What Brexit Means for the Openness of the World Economy

Bad news for small countries, safe seas, and the U.S.
Gautam Mukunda / HBR   |   Fri, 24 Jun 2016 16:30:02

Clinton Press Secy. on Brexit, Sanders and...

Press Secretary for Hillary Clinton, Brian Fallon, joins NBC's Andrea Mitchell to share how Hillary Clinton is reacting to Brexit and how this will affect the next President of the United States. He also comments on how Bernie Sanders stated he will...
MSNBC   |   Fri, 24 Jun 2016 16:30:01

Cameron's Fatal Mistake

The 52--48 win for Brexit in yesterday's referendum on Britain's membership in the European Union was more momentous than any election result in the U.K.'s history. It was swiftly followed this morning by David Cameron's announcement that he would resign in the autumn, the right decision and the honorable course ...
Rupert Darwall / National Review   |   Fri, 24 Jun 2016 16:28:49

Visa, MasterCard to suffer long-term pain from Brexit, Sandler O'Neill says

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 16:28:45

'Brexit' Is Finished; What's Worth Worrying About Next?

The UK is most likely to stay in the European Union. When the Brexit headline goes away, there's a lot more to worry about.
Kenneth Rapoza, Contributor / Forbes   |   Fri, 24 Jun 2016 16:28:17

Britain is going through historic change. Here's what's going on with 'Brexit'

Updates: Britain votes to leave European Union June 24, 2016, 8:35 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for peace and prosperity for the last ...
LA Times   |   Fri, 24 Jun 2016 16:28:00

Citigroup CEO reassures staff on Brexit: 'Citi is well positioned' (C)

Citigroup CEO Michael Corbat is attempting to reassure employees following Britain's surprise decision on Thursday to leave the European Union. In an internal memo sent to staff on Friday, the chief executive said the bank has been preparing for this outcome since last year. In addition to the volatility and ...
Portia Crowe / Business Insider   |   Fri, 24 Jun 2016 16:27:24

'Safe haven' U.S. tobacco stocks light up amid Brexit gloom

(Reuters) - Shares of the biggest U.S. tobacco companies were up on Friday as investors viewed them as safe investments amid a sharp slump in U.S. stocks after Britain voted to leave the European Union. Shares of Altria Group Inc , the largest U.S. cigarette maker, touched a record high ...
Business Insider   |   Fri, 24 Jun 2016 16:27:12

Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It"

During a CNBC inteview today, when discussing the historic Brexit vote outcome, Alan Greenspan unleashed a fiery sermon that could have been prepared just by reading a random selection of posts from this website, the former Fed chairman told his shocked hosts that the current period, far from the raging ...
Zero Hedge   |   Fri, 24 Jun 2016 16:27:05

UPDATE 2-Mexico cuts spending on Brexit, at ready on rates and peso

MEXICO CITY, June 24- Mexico's government will cut spending, and the central bank is ready to act on interest rates in the wake of Britain's vote to exit the European Union, senior officials said on Friday. Finance Minister Luis Videgaray said the government would reduce spending by 31.715 billion pesos ...
CNBC   |   Fri, 24 Jun 2016 16:27:00

Multinationals warn of job cuts and lower profits after Brexit vote

JP Morgan, Airbus and Ford say they will review UK operations as analysts warn of serious implications for City workforce Thousands of jobs are at risk in the UK after some of the world's largest companies warned they could relocate their British-based operations on the back of the EU referendum ...
Graham Ruddick / Guardian   |   Fri, 24 Jun 2016 16:26:08

People don't know why they Brexited

Why did the U.K. Brexit? why? According to Google, a lot of voters aren't really sure.
CNBC   |   Fri, 24 Jun 2016 16:26:00

Brexit Is Bad News Invesco, AMG Analyst Says

William Katz , an analyst at Citigroup, says that Brexit is pretty much bad news in every way for asset managers but notes this good be a buying opportunity for some private-equity firms. For one thing, London is crucial hub for finance and financial firms and an exit raises questions ...
Chris Dieterich / Focus on Funds   |   Fri, 24 Jun 2016 16:25:16

Brexit Impacts Will Take Years To Develop

The immediate effect of the Brexit vote is through fear on financial markets: fear of the unknown rather than carefully calculated revision of expectations. The exit from the Common Market will take years, so don't expect immediate impact on trade, production, sales and employment.
Bill Conerly, Contributor / Forbes   |   Fri, 24 Jun 2016 16:25:00

Opinion: A very British fiasco

Britain has had its fair share of foreign policy fiascoes over the past century: the disastrous decision to seize the Suez Canal from Egypt in 1956, the appeasement of Hitler in the 1930s, and the military strategy in World War I, which destroyed a generation and gave us such synonyms ...
CNN   |   Fri, 24 Jun 2016 16:24:13

PALIN ON BREXIT: 'May UN shackles be next on the chopping block'

Sarah Palin said she hoped the of the United Nations would be removed from the US after the United Kingdom voted to exit from the European Union. "It is time to dissolve political bands that connect us to agendas not in our best interest," the former Republican vice presidential nominee ...
Oliver Darcy / Money Game   |   Fri, 24 Jun 2016 16:23:36

What markets think Brexit means for the Bank of England

If you'd asked any observer four or five years ago which country would be the first to leave the European Union, few would have guessed it would be the UK. Of all the countries in the EU, the UK is probably the one with the least to gain from meaningful ...
Matthew C Klein / FT Alphaville   |   Fri, 24 Jun 2016 16:23:27

Brexit and the Myth of Europe

Jacob Heilbrunn Politics, Europe Britain is a badly divided country on every level. Whether or not "they took their country back," as Donald Trump, currently inspecting his Scottish golf properties, put it, voters in the United Kingdom took a decisive step yesterday by supporting Brexit. What G. K. Chesterton referred ...
Jacob Heilbrunn / National Interest   |   Fri, 24 Jun 2016 16:23:00

Brexit Provides Another Debacle for U.K. Pollsters

Thursday's vote in the U.K. on leaving the EU proved to be the third time in two years that pollsters failed spectacularly to predict the outcome of a national vote; bookies did no better.
WSJ   |   Fri, 24 Jun 2016 16:22:08

The EU will survive the Brexit vote

Despite talks about the European Union disintegrating after a United Kingdom referendum, Pierre Moscovici says.
CNBC   |   Fri, 24 Jun 2016 16:22:00

What just happened? Shock in UK

As dawn broke over the UK Friday, Britons woke to the tremors of a political earthquake the likes of which most had never felt before.
CNN   |   Fri, 24 Jun 2016 16:21:39

Donald Trump just took a surreal post-Brexit victory lap

In a lengthy press conference from his golf course in Scotland on Friday, Donald Trump cheered the United Kingdom's decision to leave the European Union and noted the parallels to his own campaign, which he built largely on policies of strengthening the US border and stymieing immigration. The presumptive Republican ...
Business Insider   |   Fri, 24 Jun 2016 16:20:07

Brexit could lead to a larger crack-up of the United Kingdom

The UK's departure from the European Union could trigger a series of unintended consequences across the UK itself, potentially setting the stage for Scotland's secession from the country and a renewed round of clashes between nationalists and separatists in Northern Ireland. Scotland and Northern Ireland both voted heavily to stay ...
Matthew Yglesias / Vox   |   Fri, 24 Jun 2016 16:20:03

The BREXIT Vote Wins...A Catastrophy Awaits

Further to my UPDATES noted on my last post, a massive Head & Shoulders pattern has formed on this GBP/USD Monthly chart...catastrophy awaits as price flirts with the neckline.But, the FTSE 100 Index closed the week 234 points higher than last week...Weekly chart below...so, while it has not yet experienced ...
Candy Matheson / Strawberry Blonde   |   Fri, 24 Jun 2016 16:19:00

Brexit, Another Y2K?

Brexit, Another Y2K? The much-ballyhooed vote on whether the U.K. stays in the EU could be a non-event for the markets. Also, infrastructure stocks that could win big if the Democrats do in November. Brexit, Another Y2K?By Randall W. Forsyth The much-ballyhooed vote on whether the U.K. stays in the ...
Barrons   |   Fri, 24 Jun 2016 16:18:01

5 Ways the 'Brexit' Market Turmoil Could Affect You in the U.S.

Even if you're in the U.S. and not an active investor or market professional, the latest market movements could have real economic implications for you.
Josh Zumbrun / WSJ Economics   |   Fri, 24 Jun 2016 16:17:44

The Leavers must keep their promises to Brexit voters, or all hell will break loose

Clare Foges / Telegraph   |   Fri, 24 Jun 2016 16:17:32

Financials worst performer among S&P sectors

The "FMHR" traders with Anastasia Amoroso, JPMorgan Funds VP and global market strategist, discuss the selloff in the markets with particular focus on the financial sector following the Brexit vote.
CNBC   |   Fri, 24 Jun 2016 16:17:00

Patience And Balance In A Post Brexit Market

Seeking Alpha   |   Fri, 24 Jun 2016 16:16:50

Brexit Could Hit SolarEdge, First Solar, Chinese Makes, Says Needham

Britain's vote to leave the E.U. "could have a lasting impact on the European and global economy," writes solar energy analyst Edwin Mok of Needham & Co. , and such macro concerns "have significant implications on the solar industry." Mok is a bear on several solar names, with a Buy ...
Eric Savitz   |   Fri, 24 Jun 2016 16:16:27

World Policy Newsletter, Week of June 24th

Lede: From the future of U.S.-African trade to the similarities between the Trump and Brexit campaigns, we present a host of global perspectives on the U.S. elections in the latest World Policy newsletter. Click through and subscribe today! Global Perspectives on the U.S. Election read more
World Policy   |   Fri, 24 Jun 2016 16:16:25

Why Are Liberals So Hateful?

( John Hinderaker ) I will have thoughts on the implications of Brexit later in the day, but for now want to ask a more limited question: why are liberals so hateful? The last days of the EU campaign were marred by the Remain camp-i.e., the forces of Britain's to ...
Power Line   |   Fri, 24 Jun 2016 16:16:24

Why is Brexit such a good idea?

While the decision of a Brexit is being celebrated by Leave campaigners, the 48% who voted remain are left asking: Why is Brexit such a good idea?
CNN   |   Fri, 24 Jun 2016 16:16:19

Donald Trump praises 'beautiful' Brexit and says Boris Johnson will make a good Prime Minister

Simon Johnson / Telegraph   |   Fri, 24 Jun 2016 16:15:11

Donald Trump says Brexit a 'great thing' as he visits UK to open golf course

Our Foreign Staff / Telegraph   |   Fri, 24 Jun 2016 16:15:09

Links on Brexit

Why Brexit is worse for Europe than Britain - Larry Summers The triumph of the tabloids - mainly macro Britain's Democratic Failure - Kenneth Rogoff Scattered thoughts on Brexit - Jared Bernstein Here's what happens next. - Henry Farrell Brexit:...
Mark Thoma / Economist's View   |   Fri, 24 Jun 2016 16:14:45

UK Brexit vote: Get up to speed

While America slept and Asia worked, the shape of Europe changed.
CNN   |   Fri, 24 Jun 2016 16:14:10

Brexit Is Bad News for the Environment

Despite being an issue that knows no borders, affects all and is of vital interest to future generations, the environment was low on the agenda ahead of the UK's historic vote to leave the European Union . The short answer to what happens next with pollution, wildlife, farming, green energy, ...
Damian Carrington / New Republic   |   Fri, 24 Jun 2016 16:14:05

GBP Collapses, Futures Crash, Oil Dives After Brexit

Chart added by EconMattersBookies turn into goofballs as financial carnage breaks out.The omniscient bookies, who correctly predicted the vote in the Scottish independence referendum, have always favored the Remain campaign. Despite numerous polls to the contrary over the past few days, they... Please click on the post title or visit ...
EconMatters / EconMatters Global   |   Fri, 24 Jun 2016 16:14:00

"After The UK Referendum: Europe At A Crossroads" by Martin Seeleib-Kaiser

The vote for Brexit has opened an existential phase for the future of the EU. Irrespective of the political debates over the past year or so, the British referendum at its core was not about Britain's membership of the EU, but about how the country copes with deprivation and one ...
Martin Seeleib-Kaiser / Social Europe Journal   |   Fri, 24 Jun 2016 16:13:37

Brexit: British Identity Politics, Immigration and David Cameron's Undoing

Richard V. Reeves: Immigration played a role in the Brexit campaign, though it seems that voters may not have made a clear distinction between EU and non-EU movement.
Richard V. Reeves / WSJ Washington Wire   |   Fri, 24 Jun 2016 16:13:11

Banks lead global turmoil in stocks as 'Brexit' vote sparks panic

Bank stocks plummeted to the bottom of indexes across Europe on Friday after the U.K. voted to quit the European Union and stunned global markets.
CNBC   |   Fri, 24 Jun 2016 16:13:00

This is Brexit: London stocks get crushed

Read full story for latest details.
CNN   |   Fri, 24 Jun 2016 16:12:59

Political Losses From Brexit Will Be Deep and Enduring

The United Kingdom's decision to hold the EU referendum will go down as one of history's great blunders, writes CFR President Richard N. Haass.
Council on Foreign Relations / CFR   |   Fri, 24 Jun 2016 16:12:33

Stocks slammed after U.K. votes for Brexit

Investors were stunned by the move and the British prime minister's resignation announcement.
USA Today   |   Fri, 24 Jun 2016 16:12:31

Brexit business leaders point to boost for business

Pro-leave business leaders say that leaving the EU will bolster trade outside Europe and enable a more selective immigration policy
BBC   |   Fri, 24 Jun 2016 16:11:16

Trader asks: How could I have misjudged UK mood?

It's a crazy day to be a trader! NYSE floor trader Kenny Polcari asks, "How could I have so misjudged the mood and the market psyche?"
CNBC   |   Fri, 24 Jun 2016 16:11:00

EU Amb. to US on Brexit after effects

European Union Ambassador to the U.S., David O'Sullivan, joins NBC's Andrea Mitchell to react to the Brexit vote and explains what now happens next.
MSNBC   |   Fri, 24 Jun 2016 16:10:42

Brexit: a short, simple explanation

Britain has been a member of the European Union (or its predecessor, the European Economic Community) since 1973. But a series of crises have shaken British confidence in the EU. The European Central Bank's disastrous handling of the post-2008 recession caused sky-high unemployment in Greece and Spain. The Syrian refugee ...
Timothy B. Lee / Vox   |   Fri, 24 Jun 2016 16:10:03

Calm down, everyone. We may have voted for Brexit, but there's no need for any drama

Norman Tebbit / Telegraph   |   Fri, 24 Jun 2016 16:09:55

Brits ask Italy for citizenship after Brexit

London, June 24 - Italy's consulate in London received 31 requests for Italian citizenship from disgruntled British voters Friday, one day after a majority of their fellows voted in favor of Britain leaving the European Union. "In light of the horrible decision taken by my country to leave the Europ
Gazzetta Del Sud   |   Fri, 24 Jun 2016 16:09:00

Why Brexit Is So Bad for the Economy

Great Britain's decision to extricate itself from the EU has consequences that are at once far-reaching and unknown. By Friday morning, no market was immune. Great Britain's currency, the pound, had fallen to its lowest levels since 1985, and the FTSE and DAX plummeted. In the U.S., markets opened in ...
Gillian B. White / The Atlantic   |   Fri, 24 Jun 2016 16:08:59

Brexit: A wake up call for the EU, but will it listen?

By blaming for Brexit, the EU shows it is in denial about the undemocratic path it has taken.
Al Jazeera   |   Fri, 24 Jun 2016 16:08:20

UPDATE 1-Brexit vote means Fed stays put

SAN FRANCISCO, June 24- Britain's vote to leave the European Union has thrown financial markets into turmoil and means the U.S. The Fed on Friday sought to reassure markets that it would provide liquidity as needed using swap lines in place with other central banks, including the Bank of England ...
CNBC   |   Fri, 24 Jun 2016 16:08:00

Brexit: What happens now?

The UK has voted to leave the EU. Here is what is likely to happen next.
BBC   |   Fri, 24 Jun 2016 16:07:35

Brexit: The Implications - What You Need to Know

The ramifications for investors of the UK's referendum decision will take some time to materialise. We are entering uncharted territory - nobody knows precisely how Brexit will be implemented or it's consequences. What is clear is the result will herald a period of considerable uncertainty and market volatility. If we ...
RedBlog   |   Fri, 24 Jun 2016 16:06:53

What are the economic risks for US after...

U.S. Managing Editor for the Financial Times, Gillian Tett, joins NBC's Andrea Mitchell to discuss how the markets are experiencing a worldwide plummet after the Brexit vote.
MSNBC   |   Fri, 24 Jun 2016 16:06:18

Bill Gross likened Brexit to a storyline from 'Downton Abbey'

Legendary bond investor Bill Gross just tossed out an interesting analogy on Brexit. "It's sort of like a 21st century version of the last episode of Downton Abbey, where the downstairs servants are supping at the upstairs dinner table and seem to be enjoying it," Gross said on Bloomberg TV ...
Rachel Butt / Money Game   |   Fri, 24 Jun 2016 16:05:57

Overwhelmed by Here Are the Basics

A majority of Britons voted Thursday to leave the European Union. Here’s a brief guide to what happened, what it means and what could happen next.
NIRAJ CHOKSHI and DANIEL VICTOR / NY Times   |   Fri, 24 Jun 2016 16:05:24

The Fire Across the River Could Spread

I'd like to offer a rebuttal to NDDs post about the potential impact of Brexit on the US. To that end, consider these points from Fed President Lael Brainard:The notable effects of recent crosscurrents from abroad should lay to rest any remaining lore that the United States is a closed ...
Bonddad Blog   |   Fri, 24 Jun 2016 16:05:00

Spanish stock market sustains historical loss on Brexit news

Spain's risk premium rises on Friday while experts warn about the mid-term effects of Leave
Cristina Delgado, Antonio Maqueda / EL PAÍS   |   Fri, 24 Jun 2016 16:04:29

Weaker U.K. Pound Makes Chinese House Hunters Happy

But corporate China, on the other hand, has something new to worry about post-Brexit.
Kenneth Rapoza, Contributor / Forbes   |   Fri, 24 Jun 2016 16:04:00

Brexit Aftermath: Europe's Zero Hour Presents an Opportunity

Brexit is a catastrophe, but it is not the end of the European Union. The EU must now take advantage of the opportunity it has been presented with. Here's how.
Spiegel   |   Fri, 24 Jun 2016 16:03:39

USD/CAD Loonie Stable After Brexit Shock as Oil Retreats

USD/CAD Loonie Stable After Brexit Shock as Oil Retreats The Canadian dollar plunged after the Brexit news hit the markets. Risk aversion triggered a demand for safe haven assets like the USD, JPY, CHF and Gold. The CAD was under pressure as oil depreciated and the USD rose as the ...
Alfonso Esparza / OANDA   |   Fri, 24 Jun 2016 16:03:38

Brexit is Bad News for The EU-Not Britain

Marian L. Tupy Politics, Europe There is no reason why nations committed to entrepreneurship and free trade should not prosper outside of the EU. Last night, the British people voted to leave the European Union. When Britain joined the European Economic Community in 1973, the EEC was a mere free-trade ...
Marian L. Tupy / National Interest   |   Fri, 24 Jun 2016 16:03:00

Canada well-positioned to weather Brexit fallout: Trudeau

The S&P/TSX composite index was down 195.76 points at 13,935.62 just before midday as gains in the gold sector helped limit losses The post Canada well-positioned to weather Brexit fallout: Trudeau appeared first on Macleans.ca .
Jordan Press, The Canadian Press / Macleans   |   Fri, 24 Jun 2016 16:01:52

The #Brexit Vote Means Britain Is Leaving the EU, and the Internet Is Horrified

'Britain, you're terrible at voting. No wonder you didn't trust any of your colonies to do it,' one Twitter user wrote.
Rachel Dicker / U.S. News   |   Fri, 24 Jun 2016 16:01:47

11 Economists, Analysts, Market Watchers State Views on Brexit Fallout Ahead

24/7 Wall St. wanted to offer up some of the key outside views which have been offered by economists, analysts and research shops for the post-Brexit vote. These have been compiled in a quote format,... Administrator road fork sign
Jon C. Ogg / 24/7 Wall St.   |   Fri, 24 Jun 2016 16:01:14

The risk to UK startup funding after Brexit

EIF's established reputation in the European VC market is substantiated by its significant role in European investment and fundraising activity. In this paper we estimate that the investment activity backed by EIF represented 41% of total investments in Europe in 2014 (29% in 2007) . The share directly attributable to ...
Kadhim Shubber / FT Alphaville   |   Fri, 24 Jun 2016 16:01:09

RBC, Great-West Life and Canaccord most vulnerable to Brexit fallout, analyst says

Royal Bank has a significant capital markets business in the Europe, while Great-West Life is more heavily exposed to Europe than its Canadian Insurance rivals
Barbara Shecter / Financial Post   |   Fri, 24 Jun 2016 16:01:06

Things You May Not Have Thought About Regarding Brexit

Well, the Brits have really done it now. All the experts told us people in the U.K. were smart enough to see that voting to leave the European Union was a mistake - but not to worry because the referendum was going to lose. I once again must invoke the ...
Barry Ritholtz / The Big Picture   |   Fri, 24 Jun 2016 16:00:15

Brexit: here's how top economists are reacting to Britain's shocking vote

In the months leading up to Britain's referendum on whether to leave the European Union, many economists warned over and over again that a "Brexit" could have enormous ripple effects: Britain could lose its favorable access to European markets if it left; the uncertainty could dry up business investment; the ...
Brad Plumer / Vox   |   Fri, 24 Jun 2016 16:00:07

'Brexit' hurts commodities but not terribly

Oil and agricultural prices declined, and gold rose, as the market absorbed Brexit.
USA Today   |   Fri, 24 Jun 2016 16:00:05

How Brexit impacts the U.S. economy

The U.K. voted to leave the European Union on Thursday. The vote could affect Americans in a litany of ways.
CNN   |   Fri, 24 Jun 2016 15:59:31

Another "Shot Heard Round the World"?

( Steven Hayward ) Gerard Baker of the Wall Street Journal offers the best summary this morning of the larger meaning of Brexit. Gerry, as his friends and colleagues call him, is a subdued fellow not given to hyperbole, which is why this judgment is so bracing: Levels of dissatisfaction ...
Power Line   |   Fri, 24 Jun 2016 15:59:29

UPDATE 8-UK markets shudder after Brexit vote, sterling hits 31-year low

LONDON, June 24- Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis as Britain's shock vote to leave the European Union triggered turmoil on global financial markets on Friday. The damage to London's stock market ...
CNBC   |   Fri, 24 Jun 2016 15:59:00

Financials lower by more than 4% post-Brexit

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 15:58:55

TJX, Kohl's, American Eagle Are Buys In Brexit Turmoil: Stifel

With Brexit on everyone's mind , Stifel takes a look at how the decision could affect the retail sector. Analyst Richard Jaffe writes that the market's reaction to Brexit isn't surprising, but he sees his coverage universe as "relatively insulated from the macro implications" as most derive their sales from ...
Teresa Rivas / Stocks To Watch   |   Fri, 24 Jun 2016 15:58:11

Where do markets go after Brexit?

Brexit could be changing the market narrative in a big way.
CNBC   |   Fri, 24 Jun 2016 15:58:00

European banks tumble in the wake of Brexit

Shares of European banks fell double digits Friday after the UK stunned global markets by voting to leave the European Union.
CNBC   |   Fri, 24 Jun 2016 15:57:00

Brexit, shmexit! These stocks are up today

Investors are nervous about Britain's decision to leave the EU. But it wasn't a total market bloodbath. Several well-known U.S. stocks were rallying. Many of them pay big dividends and are somewhat safer bets.
CNN   |   Fri, 24 Jun 2016 15:56:50

Fixed-rate mortgages 'likely to get even cheaper' after Brexit

Home loans expert predicts a raft of lenders will offer lower-priced deals to borrowers as their cost of funding falls The Brexit vote looks set to push already cheap fixed-rate mortgages to new lows, with a raft of lenders likely to cut borrowing costs for new customers in the coming ...
Rupert Jones / Guardian   |   Fri, 24 Jun 2016 15:56:39

Goldman: Uncertainty Now Rules Across Europe

"Growth outlook weakens on a Leave decision - we place our forecasts under review." That's how Goldman Sachs titled its portfolio strategy research report this morning after the results of the UK Referendum became apparent. Uncertainty Abounds After U.K. Elects [...]
Rupert Hargreaves / Value Walk   |   Fri, 24 Jun 2016 15:56:12

This man may well be next UK leader

He is one of the the country's most popular and eccentric politicians and excels when it comes to hosting satirical television shows --but could Boris Johnson become the new Prime Minister of the United Kingdom?
CNN   |   Fri, 24 Jun 2016 15:56:11

How to be fair to the pro-EU Scotland

ALEX SALMOND, the ex-leader of the Scottish National Party, has floated an interesting idea: could Scotland "inherit" Britain's EU membership, now that there has been a vote to leave? In the referendum Scotland turned out to be very pro-EU, whereas most of the rest of Britain leant towards Brexit.
Free Exchange   |   Fri, 24 Jun 2016 15:55:41

You're Funny

One source of comic relief this morning is watching American conservatives take a Brexit victory lap. They feel and sometimes say explicitly that leaving the EU is Britain ticket to reemerging as a great power. As I noted below, it's far more likely that Brexit is Britain's ticket to reemerging ...
TPM   |   Fri, 24 Jun 2016 15:55:03

FACTBOX-Central banks flex muscles to soften Brexit blow

LONDON, June 24- A number of central banks around the world geared up to take action or intervened in their markets on Friday in the wake of Britain's vote to leave the European Union. Below is a list of central banks that have already taken action in the wake of ...
CNBC   |   Fri, 24 Jun 2016 15:55:00

Donald Trump Believes Brexit Could Foreshadow His Victory

Donald Trump can take heart from the results of the Brexit campaign and Britain's decision to leave the European Union: If what had seemed unthinkable in Great Britain and Europe could happen there, a Trump victory is not impossible.
David Schrieberg, Contributor / Forbes   |   Fri, 24 Jun 2016 15:53:00

Lombard live: Brexiter's pub stake defizzed

Business reels as Remain camp trounced
FT   |   Fri, 24 Jun 2016 15:52:57

German Foreign Minister Calls for Founding Members Meeting after Brexit

New Europe. Belgium.
New Europe. Belgium. / World Affairs   |   Fri, 24 Jun 2016 15:52:05

U.S. Comptroller monitoring effects of Brexit on banking system

WASHINGTON, June 24 (Reuters) - The U.S. Comptroller of the Currency's office is carefully monitoring the country's banking system following Britain's vote to withdraw from the European Union, a...
Reuters   |   Fri, 24 Jun 2016 15:50:59

Germany's reaction to Brexit: a catastrophe but we'll cope

The morning after the UK's decision to leave the EU, as I was on my way from the University of Braunschweig, in Lower Saxony, where I had given a talk on Brexit, to the hotel, a German taxi driver told me that the Brexit vote is a catastrophe for Britain ...
Isabelle Hertner, Lecturer in German and European Politics and Society, Deputy Director of the Institute for German Studies, University of Birmingham / The Conversation   |   Fri, 24 Jun 2016 15:50:23

FTSE Spared Worst Of Brexit Market Meltdown

London's top-flight saw one of the biggest falls in its history but recovered somewhat despite the shock EU referendum result.
Sky   |   Fri, 24 Jun 2016 15:50:21

The Vox Vacation Index: Brexit makes a trip to the UK a great travel deal

The collapsing value of the pound in the wake of Britain's vote to leave the European Union is frightening news for the country's economy - but great news for Americans itching to plan a last minute summer vacation. For the past few months we've been running a Vox Vacation Index, ...
Sarah Kliff / Vox   |   Fri, 24 Jun 2016 15:50:02

Ag Commodities, Companies Slapped Hard by Brexit Vote

As with commodity markets in energy and basic materials, the U.K. vote to abandon the European Union is taking a toll on agricultural commodities markets Friday morning. So far, at least, ag... CAT DD DE DOW MON 247paul Farming
Paul Ausick / 24/7 Wall St.   |   Fri, 24 Jun 2016 15:49:11

Brexit: UK tech sector reacts to Leave vote

Now the UK has decided to leave the European Union, technology firms are left to wonder what the future holds.
BBC   |   Fri, 24 Jun 2016 15:48:49

Paul Krugman: Brexit: The Morning After

"Worry about Britain": Brexit: The Morning After, by Paul Krugman, NYTimes: Well, that was pretty awesome - and I mean that in the worst way. ... That said, I'm finding myself less horrified by Brexit than one might have expected...
Mark Thoma / Economist's View   |   Fri, 24 Jun 2016 15:48:00

Winners and Losers of the Brexit Vote

It's a bad day for multi-country trade pacts, Brussels bureaucrats, British pollsters, and the status quo.
Barrons   |   Fri, 24 Jun 2016 15:47:13

After Brexit Vote, Hillary Clinton Should Be Scared

Odds are strong that Hillary Clinton will be the 45th President of the United States. Odds were even stronger that voters in the United Kingdom would choose to stay in the European Union but once again this year the pundits and elites have been dead wrong.
John Zogby, Contributor / Forbes   |   Fri, 24 Jun 2016 15:47:00

Hillary Clinton was firmly Here's how she reacted to the Brexit vote.

Donald Trump celebrated the Brexit vote as a "great thing" on Friday - proof that the United Kingdom's voters had "taken back their country" by abandoning the shackles of the European Union. The reaction from Hillary Clinton's campaign was more muted. "We respect the choice the people of the United ...
Jeff Stein / Vox   |   Fri, 24 Jun 2016 15:46:13

Milan bourse plunges -12% after Brexit (2)

Milan, June 24 - The Italian stock market plunged more than 12% as the benchmark FTSE MIB index closed at 15,807 points Friday after Britain voted to leave the European Union. This was the biggest single-day loss that it was possible to find working back to 1994 by analysing the ...
Gazzetta Del Sud   |   Fri, 24 Jun 2016 15:46:00

ANALYSIS. EU's Article 50: The Rules for Brexit

EU Observer. Belgium.
EU Observer. Belgium. / World Affairs   |   Fri, 24 Jun 2016 15:45:43

What happens now the UK has voted Brexit - and what is Article 50?

Matthew Holehouse / Telegraph   |   Fri, 24 Jun 2016 15:44:54

Meet Two Brexit Winners: BP and Royal Dutch Shell

A pair of unlikely winners have emerged from Brexit: British energy giants BP PLC and Royal Dutch Shell PLC -- or at least their shareholders.
Ryan Dezember and Tim Puko / MoneyBeat   |   Fri, 24 Jun 2016 15:44:16

Why Brexit is Grim News for the World Economy

The Economist. England.
The Economist. England. / World Affairs   |   Fri, 24 Jun 2016 15:44:15

The Brexit vote result has reignited a 300-year-old fight between Britain and Spain

In yesterday's Brexit vote, the 30,000 or so residents of the tiny British territory of Gibraltar voted overwhelmingly to remain in the European Union, with 95.9% casting their ballots to stay in the EU. But, of course, that was not what the rest of the UK ultimately decided. For Gibraltarians, ...
Jennifer Williams / Vox   |   Fri, 24 Jun 2016 15:44:00

EU Urges UK to Submit Brexit Papers

EU Observer. Belgium.
EU Observer. Belgium. / World Affairs   |   Fri, 24 Jun 2016 15:43:15

What the Heck Happened in Britain? Here's a 'Brexit' Explainer

The U.K. voted by a small majority to leave the European Union. But what exactly does that mean? In a stunning and historic move, citizens of the United Kingdom voted Thursday to leave the European Union, making it the first country to voluntarily withdraw from the 28-member political and economic ...
Elizabeth Preza, AlterNet / AlterNet   |   Fri, 24 Jun 2016 15:43:00

Jeremy Corbyn could face leadership challenge within days as Labour MPs submit no confidence motion after Brexit

Ben Riley-Smith / Telegraph   |   Fri, 24 Jun 2016 15:42:53

British Expats Face Uncertain Future After 'Brexit'

When Emma Low, a British child-care worker living in Hamburg, woke to the news Friday of the U.K. vote to exit the European Union, she immediately began to fret.
WSJ   |   Fri, 24 Jun 2016 15:42:17

Just To Put That Market Chaos Caused By Brexit Into Context - It's Pretty Minor Really

That Britain has voted to leave the European Union is obviously something that I am entirely delighted about. That the financial markets seem less cheery is true. However, it's worth putting these moves into some reasonable context. These are large moves for one day, certainly, but such prices are not ...
Tim Worstall, Contributor / Forbes   |   Fri, 24 Jun 2016 15:42:00

Rep. Himes: Xenophobia drove the Brexit vote

Pre. Jim Himes, D-Conn., shares his reaction to the news of Brexit and comments on the possible "spread of xenophobia" to other parts of Europe.
MSNBC   |   Fri, 24 Jun 2016 15:40:37

U.S. stocks hammered as Brexit shock continues to rock markets

Investors were stunned by the move and the British prime minister's resignation announcement.
USA Today   |   Fri, 24 Jun 2016 15:40:30

Brexit: British people probably should have Googled this stuff before voting

Right as polls were closing in the United Kingdom last night, Google Trends reported a massive spike in British people asking "what happens if we leave the EU?" +250% spike in "what happens if we leave the EU" in the past - GoogleTrends (@GoogleTrends) June 24, 2016 This is the ...
Matthew Yglesias / Vox   |   Fri, 24 Jun 2016 15:40:02

Brexit delivers another blow to luxury

The United Kingdom's decision to exit the European Union adds more uncertainty to sales and profits at the high end.
CNBC   |   Fri, 24 Jun 2016 15:40:00

'I'm full of regret' - extraordinary moment Brexit voter changes her mind

Keely Lockhart / Telegraph   |   Fri, 24 Jun 2016 15:39:48

Gold Soars Following 'Brexit'

Gold prices soared on Friday, after Britain's decision to leave the European Union sent investors flooding into safe-haven assets.
WSJ   |   Fri, 24 Jun 2016 15:39:23

How the UK press woke up to Brexit with that morning-after feeling

As Britain - and indeed, the rest of the world - reels from the ramifications of the Brexit vote in the UK, we are already hearing many explanations about the motives of those who disregarded so much expert testimony and voted to leave. Watching the television as the news sank ...
Justin Lewis, Professor of Communication, Cardiff University / The Conversation   |   Fri, 24 Jun 2016 15:39:18

Donald Trump is tweeting about Scotland and Brexit. It's as ignorant as you'd expect.

Donald Trump is in Scotland today, and he has some opinions about Great Britain's vote to leave the European Union: Just arrived in Scotland. Place is going wild over the vote. They took their country back, just like we will take America back. No games!- Donald J. Trump (@realDonaldTrump) June ...
Vox   |   Fri, 24 Jun 2016 15:38:26

Turmoil after Britain votes to leave EU

White House Correspondent for French television, Canal Plus, Laura Haim, joins NBC's Craig Melvin to give the European view on Brexit.
MSNBC   |   Fri, 24 Jun 2016 15:37:41

Farage: Brexit 'puppet master'

If history casts UK Prime Minister David Cameron in the villain role following Britain's exit from the European Union, then Nigel Farage may well be remembered as the puppet master in the wings.
CNN   |   Fri, 24 Jun 2016 15:37:30

US oil rig count falls in 1st decline in 4 weeks, down 7 to 330: Baker Hughes

Oil prices briefly slumped more than 6 percent after Britain voted to leave the European Union in a landmark referendum.
CNBC   |   Fri, 24 Jun 2016 15:37:00

'No Silver Lining' For Visa, MasterCard From Brexit

Brexit is bad news for Visa ( V ) and MasterCard ( MA ), according to Sandler O'Neill . Analyst Christopher Donat writes that he sees four major downsides for card networks following the vote, including slower consumer spending, less cross-border activity, foreign exchange headwinds to earnings in the UK ...
Teresa Rivas / Stocks To Watch   |   Fri, 24 Jun 2016 15:36:26

Central Bank News Link List - Jun 24: Brexit vote triggers shock, silence but market chaos averted

Here's today's Central Bank News' link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don't miss any important news. Brexit ...
centralbanknews.info / Central Bank News   |   Fri, 24 Jun 2016 15:36:00

Profit pain after Brexit?

Discussing worries among investors about the next steps after the Brexit vote, with Joseph Lupton, JPMorgan senior global economist, and George Maris, Janus Capital portfolio manager.
CNBC   |   Fri, 24 Jun 2016 15:35:00

Bank of England seeks to limit damage of UK's vote to leave EU

Will Brexit be the catalyst for another financial crisis in the eurozone or the wider world economy? Mark Carney was at his soothing best. Shortly after the London stock market had opened for business, the governor of the Bank of England made a statement on what would happen now Britain ...
Larry Elliott / Guardian   |   Fri, 24 Jun 2016 15:34:57

Aftershock: Hits U.S. Stock Market Harder Than an Election

The sharp fall as of Friday morning reflected both the surprise factor, and the profound economic implications for the United States.
JUSTIN WOLFERS / NY Times   |   Fri, 24 Jun 2016 15:34:09

Sell-off is a huge buying opportunity

Brexit with benefits: Don't miss out on the bargains in the U.S. equity market that have come courtesy of the British electorate, says John Kilduff.
CNBC   |   Fri, 24 Jun 2016 15:34:00

Rona Ambrose on Brexit vote: 'Canadians will continue to support the UK'

'There is no substitute for the direct democratic voice of a country's citizens' The post Rona Ambrose on Brexit vote: 'Canadians will continue to support the UK' appeared first on Macleans.ca .
macleans.ca / Macleans   |   Fri, 24 Jun 2016 15:32:53

Santander: Brexit Will Lead To A Material Asset Quality Deterioration

Seeking Alpha   |   Fri, 24 Jun 2016 15:32:33

Central banks stand ready to pump billions into financial system to calm jittery markets after Brexit shock

But once the market twitches are over, central bankers will face hard questions about how they can support growth as a new threat hangs over Europe
Sean Craig / Financial Post   |   Fri, 24 Jun 2016 15:32:27

After Brexit Vote, Trump Draws Parallels Between UK and U.S.

'I love to see people take their country back,' the presumptive Republican nominee said.
Joseph P. Williams / U.S. News   |   Fri, 24 Jun 2016 15:32:00

Brexit's existential threat to Europe

Europe is already weak and divided. Britain's vote to leave the EU just makes matters much worse.
CNN   |   Fri, 24 Jun 2016 15:31:38

Here's what the UK is asking Google after the Brexit

Britain voted to leave the European Union on Thursday, via a referendum that came down to the wire. The turnout was a staggering 72.2% out of a possible 46,499,537 people who were entitled to take part in the vote. It is a record number for a poll in the United ...
Harrison Jacobs / Business Insider   |   Fri, 24 Jun 2016 15:31:33

Britain's Exit from the European Union Might Leave both the UK and the EU Better Off

If you want to understand why markets are crashing in the aftermath of yesterday's Brexit vote, take a quick glance at Dechert's guide to the legal and financial implications of the vote. Although the referendum is non-binding, most observers now expect that the United Kingdom will move to separate itself ...
Peter Suderman / Hit & Run   |   Fri, 24 Jun 2016 15:31:00

European and US banks caught up in Brexit reaction

Banking shares hit hard in Europe and the US as the market digests the consequences of Brexit
FT   |   Fri, 24 Jun 2016 15:30:58

Airline stocks dip in wake of Brexit decision

Airline stocks were among the many casualties of the UK's decision to pull out of the European Union, with investors apparently anxious about how the move will dampen Transatlantic travel.
USA Today   |   Fri, 24 Jun 2016 15:30:36

Brexit turmoil: the Dow plunged 500 points

Fallout over the UK's decision to leave the European Union has arrived at the New York Stock Exchange. The Dow Jones Industrial average plummeted about 500 points in early trading, shedding around 2 percent of its total value. This morning's plunge represents the Dow's biggest drop in 10 months. Meanwhile, ...
Caleb Lewis / Vox   |   Fri, 24 Jun 2016 15:30:02

If Your Business is Fear, Then Business is Good

Nutty trading volumes on Friday and panic about Brexit are great news if your business is, literally, to sell fear. CBOE Holdings (CBOE) holdings, provider of the "fear guage" CBOE Volatility Index (VIX), is one of just a few financial stocks in the black today. CBOE's shares are up 1.4% ...
Focus on Funds   |   Fri, 24 Jun 2016 15:29:50

Brexit has everyone worried about recessions

Recession talk is red hot right now. In the wake of the United Kingdom's vote to exit the European Union, analysts and economists are abuzz with the possibility of a serious economic downturn in the UK or possibly spreading elsewhere. The most likely to fall into a recession (which on ...
Bob Bryan / Business Insider   |   Fri, 24 Jun 2016 15:29:21

Will Brexit Drive U.K. Unemployment Back Toward 10%?

Which is worse for jobs in the U.K.? The Great Recession, or the Brexit? The world is about to find out. At the peak of the recession, U.K. unemployment reached nearly 9%. Now at 5%, the question of... 247wallst 78489302
Douglas A. McIntyre / 24/7 Wall St.   |   Fri, 24 Jun 2016 15:29:06

Who said Brexit was a surprise?

THE list of losers from Britain's vote to leave the European Union is long indeed, but very far down on it are evangelisers for the accuracy of prediction markets.
Graphic Detail   |   Fri, 24 Jun 2016 15:28:21

This trader called the Brexit vote

Jon Najarian was watching the CBOE volatility index (VIX), which had been hitting new highs ahead of the vote.
CNBC   |   Fri, 24 Jun 2016 15:27:00

Frankfurt or bust? Wall St. bankers in London ponder life post-Brexit

By Olivia Oran and Anjuli Davies NEW YORK/LONDON (Reuters) - Big Wall Street banks are scrambling to figure out what to do with their assets, workers and financial licenses abroad in light of the British vote to exit the European Union (EU). Bank executives have been making contingency plans for ...
Business Insider   |   Fri, 24 Jun 2016 15:26:39

Here's One Big Winner in the Brexit Chaos

Bitcoin is surging
Don Reisinger / Fortune / Time   |   Fri, 24 Jun 2016 15:26:34

Want to understand Brexit? Imagine Texas leaving the United States.

In the wake of the UK's "Brexit" vote to leave the European Union, thousands of people on social media began discussing "Texit:" the idea that Texas might leave the United States. Obviously, this is not a serious movement - most of those tweets were jokes. But imagining a hypothetical Texit ...
Zack Beauchamp / Vox   |   Fri, 24 Jun 2016 15:26:32

Donald Trump in Scotland: 'Brexit a great thing'

US presidential hopeful Donald Trump has said it is a "great thing" that the people of the UK have "taken back their country" in voting to leave the EU.
BBC   |   Fri, 24 Jun 2016 15:25:53

Donald Trump's Really Big Brexit Flip-Flop

Donald Trump, who this week is in Scotland hyping his golf course there rather than campaigning in the United States, has cheered the British electorate's decision to say goodbye to the European Union. The presumptive GOP nominee tweeted, "Just arrived in Scotland. Place is going wild over the vote. They ...
Mother Jones   |   Fri, 24 Jun 2016 15:25:39

6 Dividend Growers Now Even Cheaper After Brexit

Bank of America and Starbucks, among others, are attractively valued and reliably raising their dividends.
Barrons   |   Fri, 24 Jun 2016 15:25:12

Selloff after Brexit

CNBC's Bob Pisani reports the trading action after the United Kingdom's vote to leave the EU. Pisani looks at low interest rates weighing on banks, and stocks with exposure to Europe.
CNBC   |   Fri, 24 Jun 2016 15:25:00

Brexit Was Bitcoin's Turn to Shine

It was Bitcoin rather than traditional safe haven gold that really shined in the flight to safety following Thursday's shock Brexit vote.
Spencer Jakab / MoneyBeat   |   Fri, 24 Jun 2016 15:23:36

Ford considers UK job cuts after Brexit

Country produces 1.6m autos annually, mostly for export
FT   |   Fri, 24 Jun 2016 15:22:55

Bank Credit Default Swaps Surge on Brexit Fears

Falling confidence pushes derivatives on bank credit up sharply in U.S. and U.K.
John Carney / MoneyBeat   |   Fri, 24 Jun 2016 15:22:53

Jim Cramer disappointed with sell-off

Cramer expected a bigger buying opportunity for investors after the United Kingdom's vote on European Union membership.
CNBC   |   Fri, 24 Jun 2016 15:21:00

The World Turned Upside Down

'The World Turned Upside Down" was the tune that British troops played as they marched out of their fortifications at Yorktown, following Cornwallis's surrender to George Washington in 1781. It expressed the shock and disbelief British elites felt as, against all the odds, Americans had won their independence and had ...
National Review   |   Fri, 24 Jun 2016 15:20:47

UPDATE 1-U.S. municipal bond yields tumble to record lows on Brexit vote

NEW YORK, June 24 (Reuters) - U.S. municipal bonds yields tumbled to record lows on Friday, falling as much as 20 basis points and tracking a flight to safety in the U.S. Treasury market a day after...
Reuters   |   Fri, 24 Jun 2016 15:20:46

Financial Repercussions Following Brexit Nullify July Rate Hike

Yesterday's BREXIT vote has been followed by significant adverse financial repercussions - swings in exchange rates, including a stronger dollar; weaker equities in Europe and in the US; heightened volatility in equity markets; sharp declines in energy prices (in dollars); and very sharp declines in term Treasury yields. The referendum ...
tcooksey / Macroadvisers   |   Fri, 24 Jun 2016 15:20:44

Implied Distributions From GBPUSD Risk-Reversals And Implication For Brexit Scenarios

Implied Distributions From GBPUSD Risk-Reversals And Implication For Brexit Scenarios Iain Clark Efficient Frontier Consulting Ltd Saeed Amen Thalesians Ltd June 13, 2016 Abstract: Much of the debate around a potential British exit (Brexit) from the EU has centered on [...]
VW Staff / Value Walk   |   Fri, 24 Jun 2016 15:20:28

Boris Johnson Emerges as Big Winner in Brexit Vote

The former London mayor proved his vote-getting credentials yet again and is now a leading candidate to succeed fellow Conservative David Cameron as prime minister.
WSJ   |   Fri, 24 Jun 2016 15:19:37

UK to EU: We Out. Scattered thoughts on Brexit

No time to organize thoughts so here's a few synaptic firings. -I was disappointed by the outcome but not surprised. As I've written, this was a in no small part a referendum on immigration and the timing of the vote interacted with rising anger about this and other impacts of ...
Jared Bernstein / Jared Bernstein   |   Fri, 24 Jun 2016 15:19:35

Brexit: market implications

Medium-term impact of Brexit could be an end to the UK cycle Beyond Britain, the outcome depends on confidence and financial markets Risk premiums for Europe have risen, warranting a more cautious stance Andrea Cicione
Lombard Street Research   |   Fri, 24 Jun 2016 15:18:52

Pension sector tries to calm investor fears

Don't panic, retirment savers told after Brexit vote sends markets tumbling
FT   |   Fri, 24 Jun 2016 15:18:25

EMERGING MARKETS-Latam currencies, stocks slide after Brexit vote

By Bruno Federowski SAO PAULO, June 24 (Reuters) - Latin American currencies and stocks plunged on Friday after Britain voted "Leave," to exit the European Union, as global market volatility...
Reuters   |   Fri, 24 Jun 2016 15:17:10

Wall Street's advice on Brexit

Here's what Wall Street was telling clients to do about Brexit.
CNBC   |   Fri, 24 Jun 2016 15:17:00

Russian minister doesn't think Brexit will affect privatisation deals

MOSCOW, June 24 (Reuters) - Russian Economy Minister Alexei Ulyukayev said on Friday he did not think Britain's vote to leave the European Union would influence Russia's privatisation programme,...
Reuters   |   Fri, 24 Jun 2016 15:16:24

Investors Are Flocking To Gold And Other Safe Havens After Brexit Vote

Amid global market turmoil, investors sought shelter where they could find it.
Lauren Gensler, Forbes Staff / Forbes   |   Fri, 24 Jun 2016 15:16:00

TRUMP: It appears the EU is beginning to crumble before our eyes

Donald Trump said Friday that the United Kingdom's historic decision to bolt the European Union signaled that the entire EU was starting to crumble. "Well, it looks like it's on its way, and we'll see what happens," Trump said, when asked at a press conference in Scotland if he would ...
Business Insider   |   Fri, 24 Jun 2016 15:14:55

Brexit Selloff Shows That Markets Are Human, Too

After U.S. stocks rallied ahead of the U.K. referendum, with both the S&P 500 and Dow Jones Industrial Average gaining roughly 2% for the week, some investors and analysts said the vote to leave the European Union was a blow to the markets' reputation as a predictive force. "Markets don't ...
Aaron Kuriloff / MoneyBeat   |   Fri, 24 Jun 2016 15:14:49

How British Fashion Designers Are Responding to the Brexit

They took to Instagram to voice their opinions.
Dena Silver / NY Observer   |   Fri, 24 Jun 2016 15:14:23

This is What Elitist Panic Looks Like: Statement of G-7 Finance Ministers and Central Bank Governors on Brexit

The statement ends referencing unity and solidarity. Oh yeah, as the Brits break away! Statement of G-7 Finance Ministers and Central Bank Governors We, G7 Ministers and Governors, respect the intention expressed today by the people of the United Kingdom to exit from the European Union. We are monitoring market ...
Robert Wenzel / Economic Policy Journal   |   Fri, 24 Jun 2016 15:14:00

The Brexit could cause major complications for British Airways (IAG)

Shares of British Airways' parent company International Airlines Group are getting pummeled following Britain's decision to leave the European Union. In London, IAG stock is down more than 20% while shares of the company trading in Madrid are down 25%. However, the Brexit may pose an even greater and more ...
Benjamin Zhang / Business Insider   |   Fri, 24 Jun 2016 15:13:59

Brexit GBP collapse a great FX example

Brexit doesn't happen so often - but it does happen. Many will remember the days when Maltese Lira, Cyprus Pound, and others joined the fledging Euro. During that time it was possible to have a 400% return in your account in 1 day due to planned exchange rates on the ...
globalintelhub / Zero Hedge   |   Fri, 24 Jun 2016 15:13:29

Gilts Lead Bond Rally, Showing No Loss of Safe Haven Status

Investors are clamoring for safe government bonds Friday after the Brexit result, but U.K. gilts are among the most in-demand.
MoneyBeat   |   Fri, 24 Jun 2016 15:13:00

Economists React to Brexit: 'A Wave of Economic and Political Uncertainty'

The United Kingdom's vote to leave the European Union sets the stage for a protracted breakup and prolonged political and economic uncertainty. Here's what economists and analysts are saying about the "Brexit" vote.
Jeffrey Sparshott / WSJ Economics   |   Fri, 24 Jun 2016 15:12:39

After Brexit, Clinton stresses 'steady, exper

There's a school of thought that says any development that rattles Americans' nerves is probably good news for Trump. Clinton thinks that's backwards.
Steve Benen / MSNBC   |   Fri, 24 Jun 2016 15:10:47

Brexit: The Straw That Breaks The Bull Market's Back

On Thursday, Britain voted to leave the EU in what will now become a pivotal moment in modern history. It questions the legitimacy of the entire E.U. and could lead to more people wanting to leave. The ramifications of this vote instantly spread across the globe as markets went wild. ...
Adam Sarhan, Contributor / Forbes   |   Fri, 24 Jun 2016 15:09:00

Brexit vote raising intl. security concerns

NBC's Ayman Mohyeldin explains why the Brexit could affect security concerns in the United States and internationally.
MSNBC   |   Fri, 24 Jun 2016 15:08:10

US stocks take collateral damage from Brexit

Stocks have taken an almighty clobbering after last night's slightly surprising referendum result on the UK's continued membership of the European Union. The S&P 500 fell almost 50 points to around 2,062 in the first hour of trading, while the Dow Jones average was close to 400 points weaker at ...
Proactive Investors   |   Fri, 24 Jun 2016 15:08:00

British pound plummets to 31-year low amid 'Brexit' vote

The British pound plummeted to a 30-year low as markets fell sharply on early results in the United Kingdom's referendum on its European Union membership.
USA Today   |   Fri, 24 Jun 2016 15:07:48

Did Bank of England governor speech shore up confidence in Brexit UK?

Bank of England Governor Mark Carney was admirably quick to read the unfolding economic dangers of a Brexit when the referendum result was declared. While stock markets and sterling plummeted amid developing financial stress, the governor's statement immediately brought to mind the famous "whatever it takes [to save the euro]" ...
Gabriella Legrenzi, Senior lecturer in economics, Keele University / The Conversation   |   Fri, 24 Jun 2016 15:07:08

No Major Death Blow For BRIC Markets Post-Brexit

Risk assets like emerging market equities have sold off as expected, but the major down turn, if any, is not expected until next week.
Kenneth Rapoza, Contributor / Forbes   |   Fri, 24 Jun 2016 15:07:00

Brexit is not about Britain, by Scott Sumner

I'm seeing a lot of confusion about the implications of Brexit. Here are two common misconceptions: 1. Some people see it as a real shock, whereas it's primarily a monetary shock. 2. Some see it affecting Britain's economy by disrupting trade, whereas it actually hurts the eurozone more, by depressing ...
EconLog   |   Fri, 24 Jun 2016 15:06:18

The wisdom of crowds, Brexit edition

Continue reading: The wisdom of crowds, Brexit edition
Bryce Elder / FT Alphaville   |   Fri, 24 Jun 2016 15:06:03

Obama: 'We respect their decision'

Updates: Britain votes to leave European Union June 24, 2016, 8:06 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for peace and prosperity for the last ...
LA Times   |   Fri, 24 Jun 2016 15:06:00

U.S, businesses, institutions somber after Brexit vote

Donald Trump was more effusive, sayings Brexit voters "took back their country."
USA Today   |   Fri, 24 Jun 2016 15:05:58

Historic Volume Surge Forces Deutsche, Morgan Stanley To Shut Down Dark Pools

Following weeks of declining volume due to fears of an Brexit outcome, it was only logical that the same Brexit outcome would result in a historic surge in pent up volume. And, as Bloomberg reports, "a turbulent start to the open of the London market propelled trading volume as much ...
Zero Hedge   |   Fri, 24 Jun 2016 15:05:47

EU to Britain: Drop Dead

The folks who were opposed to Brexit want Britain to get the hell out as soon as possible: The EU's top leaders have said they expect the UK to act on its momentous vote to leave the union "as soon as possible, however painful that process may be" and that ...
Kevin Drum / Kevin Drum   |   Fri, 24 Jun 2016 15:04:22

Dot Earth Blog: From Brexit to Climate, Little Engagement From Young People

Britain’s vote was likely tipped by disengagement among young voters for whom the consequences matter most. Climate disengagement exists, as well.
ANDREW C. REVKIN / NY Times   |   Fri, 24 Jun 2016 15:04:18

Dyson's Brexit stance bucked the tech-icon norm

Despite battles with European regulators, Google, Microsoft and others could face new challenges with independent UK.
USA Today   |   Fri, 24 Jun 2016 15:04:16

Analyzing the Brexit Fallout in ETF and Currency Spheres

The United Kingdom will leave the European Union after the referendum vote known as Brexit won 52% to 48% on Thursday. The European Union - often known as the EU - is an economic and political partnership involving 28 European countries, which began after World War Two to foster economic ...
Brenton Garen / ETF Trends   |   Fri, 24 Jun 2016 15:04:11

After Brexit, Canada's Bombardier still committed to British operations

TORONTO (Reuters) - Canadian plane and train manufacturer Bombardier Inc said on Friday it was committed to its operations in Britain, but it was too early to speculate on the impact of the country's vote to leave the European Union. "As always, we are committed to our businesses, all our ...
Business Insider   |   Fri, 24 Jun 2016 15:04:00

Breaking down Brexit: how the UK voted

So ends the most bitter and polarising experience of British electoral democracy. The economics of Brexit was heatedly and endlessly debated in the UK's referendum campaign on EU membership, but ultimately it was trumped by voters' considerations about national integrity and identity. A majority of 17.4m people voted to leave, ...
Paul Webb, Professor of Politics, University of Sussex / The Conversation   |   Fri, 24 Jun 2016 15:02:54

Surge in online interest in Irish passports after Brexit vote

The fallout from the Brexit vote has sparked a surge in online interest in Irish passports and moving to Ireland. As world politics and money markets reeled from the poll, data from Google showed queries on citizenship in the Republic began to increase last night and peaked in the early ...
Times of Malta   |   Fri, 24 Jun 2016 15:02:00

Britain Votes For Brexit

-In a historic vote, the United Kingdom has voted to leave the European Union by a margin, according to forecasts from the BBC, ITV, and others. -Prime Minister David Cameron says he will step down by October. -The stunning move raises major questions not only about how the U.K. will ...
Kathy Gilsinan / The Atlantic   |   Fri, 24 Jun 2016 15:00:48

Brexit will hurt the UK, EU, and US for years to come

The vote by the people of the UK to leave the European Union ensures years of turmoil and uncertainty as Britain and the EU negotiate the terms of separation and as the pieces of the UK struggle with the consequences. Scotland may well seek to remain in the EU by ...
William A. Galston / Brookings   |   Fri, 24 Jun 2016 15:00:00

75 years ago, the greatest thinker in British history pinpointed the characteristic that just drove the English to Brexit

When George Orwell wrote his essay "England Your England" in 1941, Nazi bombers were flying overhead. And with the threat of death all around him and global trust at an all-time low, he wrote one of the most insightful meditations on human character - specifically his own country's - of ...
Linette Lopez / Business Insider   |   Fri, 24 Jun 2016 14:59:46

Brexit Vote Weakens Pound, Shocks Global Business

Businesses scramble to prepare for Britain's EU exit process after surprise vote.
Tom Risen / U.S. News   |   Fri, 24 Jun 2016 14:59:26

Brexit And The UK Television Industry: ITV First In The Firing Line, But Worries For Sky Too

Adam Crozier, chief executive officer of ITV plc - who sent an all-staff email today, to calm his troops after the Brexit vote (Photo: Denis Doyle/Bloomberg) There's a reason why neither of Britain's two biggest commercial television companies expressed a pre-referendum view on the merits of Brexit: both Sky and ...
Neil Midgley, Contributor / Forbes   |   Fri, 24 Jun 2016 14:59:00

USD/CAD: Brexit has not materially impacted yet - TDS

According to Mark McCormick, North American Head of FX Strategy at TDS, valuation and market positioning suggest there is further scope for USD/CAD...
Matías Salord / FX Street   |   Fri, 24 Jun 2016 14:58:37

Friday assorted links

1. Revolutionary leaders are more likely to engage in mass killings. 2. Testing NeoFisherianism, especially for Switzerland. 3. The rise of global illiberalism. 4. The Roman Empire was larger than we had thought. At least before that earlier Brexit. 5. Are we closer to nuclear war than we think? 6. ...
Marginal Revolution   |   Fri, 24 Jun 2016 14:58:29

The Brexit Bust: Really, It's Not That Bad

Stocks are getting hammered today thanks to the United Kingdom's decision to back a Brexit --but the market might actually be holding up much better than it looks. Yes, the S&P 500 has dropped 2.4% to 2,063.63 at 10:51 a.m. today, while the Dow Jones Industrial Average has fallen 396.96 ...
Ben Levisohn / Stocks To Watch   |   Fri, 24 Jun 2016 14:58:24

More Thread

Was up late reading Brexit stuff...sleepy.
Eschaton   |   Fri, 24 Jun 2016 14:58:00

In Wake of 'Brexit,' Addressing Voter Anger With More Than Lip Service

David Wessel: If ever there were a time for bold proposals, it's now.
David Wessel / WSJ Washington Wire   |   Fri, 24 Jun 2016 14:57:54

Tim Price on the Brexit investment opportunities

I've never been so happy to be so wrong. Britain's referendum on whether or not to stay part of the European Union was marred by some of the most blatant propaganda we've seen in the West in a very, very [...]
Sovereign Man / Value Walk   |   Fri, 24 Jun 2016 14:57:48

Wall Street Is Overreacting Over Brexit

The markets' turmoil after Thursday's surprise vote will pass.
Matt Whittaker / U.S. News   |   Fri, 24 Jun 2016 14:57:40

Bank shares take a bit of a random Brexit walk

Globally, they're down about 8 pct. Local pain explains Lloyds and Bank of Ireland. Sovereign debt exposure is a problem for Intesa Sanpaolo and others. Santander has a Spanish election to worry about. The likes of BofA and SocGen, though, seem swept up in a sea of confusion.
Breakingviews   |   Fri, 24 Jun 2016 14:57:00

London Stock Exchange moves to merge with Deutsche Börse despite Brexit

The London Stock Exchange said Friday it would continue with its planned $30 billion merger with Deutsche Börse.
USA Today   |   Fri, 24 Jun 2016 14:55:18

Financial Times: Brexit to end

Explains why all day - TODAY OF ALL DAYS - I have been receiving emails from estate agents telling me now is a good time to buy as a boom is just round the corner.
sneaker / House Price Crash   |   Fri, 24 Jun 2016 14:54:59

The Morning After

Though significant Central Bank intervention has levitated equities and forex, while deflating paper gold from its overnight highs, the Brexit news is the most significant event in the financial markets since 2008. Therefore, DO NOT get distracted with tick-by-tick movements in the metals. Think long-term...and the long-term rationale for holding ...
TF Metals Report   |   Fri, 24 Jun 2016 14:54:50

Brexit and the migrant crisis

There is a possible connection between the migrant crisis and the countries that might choose to leave the European Union next.
MSNBC   |   Fri, 24 Jun 2016 14:54:45

Capital against country, young against old: Brexit Britain is broken Britain

Is Brexit Britain David Cameron's famous "broken Britain"? The bitterness of the referendum campaign and the divides it has revealed within the Conservative Party and between the Labour Party and its core supporters might certainly suggest so. Deep rifts now run between old and young, London and England, England and ...
Sean Lang, Senior Lecturer in History, Anglia Ruskin University / The Conversation   |   Fri, 24 Jun 2016 14:54:31

The Economic Consequences of Brexit

I was rooting for Brexit. But as Scott Sumner and David Beckworth note, it represents a pretty serious monetary shock. (This post from Sumner is also worth reading.) It appears to be raising demand for dollar balances and thus tightening monetary conditions in the U.S. and in all countries with ...
Ramesh Ponnuru / National Review   |   Fri, 24 Jun 2016 14:53:29

What Brexit means for the UK's small businesses

Uncertainty is unlikely to sit well with entrepreneurs and business lobbies are already calling for action The debates are over and the result is in. Businesses have been divided during the referendum but must now contend with the outcome, whether they like it or not. Small business owners awoke on ...
Jon Card / Guardian   |   Fri, 24 Jun 2016 14:53:28

How The Major Banks Are Under Fire From Brexit

In a somewhat unexpected move, the United Kingdom has left the European Union causing significant fallout within global markets. At the same time, investors are piling into gold to hedge themselves... BAC C GS JPM WFC 247chrislange European currency
247chrislange / 24/7 Wall St.   |   Fri, 24 Jun 2016 14:53:25

7 U.S. stocks get crushed by 'Brexit'

Great Britain's stunning decision to pull out of the European Union is sending global markets sharply lower. But the pain is being felt hardest by a handful of companies most exposed to the decision.
USA Today   |   Fri, 24 Jun 2016 14:51:57

American Conservatives Take A Victory Lap After Brexit Vote

The U.K. voted on Thursday to leave the European Union, favoring a campaign driven by a groundswell of nationalist, anti-immigrant sentiments that don't look so different from those powering Donald Trump's campaign. While the vote sparked a global economic panic and drove Prime Minister David Cameron to announce he would ...
Katherine Krueger / TPM   |   Fri, 24 Jun 2016 14:51:25

Native Advertising In The Age of Brexit

Native advertising is a type of disguised advertising, usually online, that matches the form and function of the platform upon which it appears. -Wikipedia Here are a couple examples of the evolution of native advertising over the last few weeks: May 26 Is the atomic weight of cobalt 58.9? ...Is ...
climateer / Climateer Investing   |   Fri, 24 Jun 2016 14:51:00

Brexit Lifts Gold Mining Stocks to New Highs

The 2016 gold rally just got a shot of rocket fuel from the U.K. vote to leave the European Union. The massive rally in gold on Friday has also leveraged an upside move in the world's gold... AUY EGO HMY IAG NEM 247paul Gold Mine
Paul Ausick / 24/7 Wall St.   |   Fri, 24 Jun 2016 14:48:46

What 'Brexit' Means for National Security

U.K. enters unprecedented territory amid threats from Russia, ISIS and hackers.
Paul D. Shinkman / U.S. News   |   Fri, 24 Jun 2016 14:48:23

London Stock Exchange moves to merge eith Deutsche Börse despite Brexit

The London Stock Exchange said Friday it would continue with its planned $30 billion merger with Deutsche Börse.
USA Today   |   Fri, 24 Jun 2016 14:47:16

Markets reel as world absorbs shock of UK vote for Brexit

LONDON (AP) - Britain has jumped. Now it is wildly searching for the parachute.
Associated Press   |   Fri, 24 Jun 2016 14:47:00

Make Britain Great Again? Donald Trump's Remarkable Reaction To 'Brexit'

In Scotland, which voted against leaving the European Union, Donald Trump praised the vote to leave. He predicted it's a sign of a populist revolution to come across Europe - and the United States.
Sarah McCammon / NPR   |   Fri, 24 Jun 2016 14:46:45

Dismay in Dublin over Brexit

Irish PM promises to maintain close relations amid fears of a return of a hard border with the north
FT   |   Fri, 24 Jun 2016 14:45:23

Brexit: British clubs could suffer in transfer window, warns sports expert

British football clubs could find recruitment more difficult after the UK's decision to leave the European Union, an expert warns.
BBC   |   Fri, 24 Jun 2016 14:45:10

Sterling's night to remember stuns market

Brexit calamity for sterling exceeds damage of Black Wednesday and financial crisis
FT   |   Fri, 24 Jun 2016 14:45:05

Macaskill on markets: Brexit and the merchant bankers

Brexit will deal a mighty blow to the international and diverse City of London that has thrived for 30 years - but investment banks have bigger worries than the location of their EU offices.
Euromoney   |   Fri, 24 Jun 2016 14:45:00

Brexit vote triggers shock, silence but market chaos averted

LONDON, June 24 (Reuters) - For some traders it felt like the end of the world, while others greeted Britain's vote to leave the European Union in stunned silence.
Reuters   |   Fri, 24 Jun 2016 14:44:40

Brexit brings British economic 'uncertainty'

The result is clear Britain is out of the European Union, but what does the future hold for the UK economy. Jeremy Cook is the chief economist and...
euronews   |   Fri, 24 Jun 2016 14:44:29

Gold Surges After Brexit: Does The Rally Still Have Legs?

Gold is soaring after U.K. voters chose to leave the European Union . It should be no surprise. Gold is a haven and has lured investors all year in part because ultra-low and, in many cases negative, interest rates are a symptoms that central bank policies are failing to prop ...
Chris Dieterich / Focus on Funds   |   Fri, 24 Jun 2016 14:44:18

Santelli Exchange: Betting markets vs. polls

CNBC's Rick Santelli speaks to Jim Bianco, Bianco Research President, about the market action leading up to the Brexit vote in the betting markets.
CNBC   |   Fri, 24 Jun 2016 14:44:00

Hopeless case: Tough EU statement on UK as Brexit may spread across Europe

This morning I wrote that I hoped the European Union leader they would get the message sent by the British people. You all know that I am a little romantic and I like to give "second chances". I was wrong. Or better say : I was so surprised this morning ...
keeptalkinggreece / Keep Talking Greece   |   Fri, 24 Jun 2016 14:43:46

Brexit Will Mostly Spare Transports, But Citi Likes UPS Over FedEx

Citi's Christian Wetherbee and his team take a look an transportation in the aftermath of Brexit , writing that the sector's concentration in North America will help insulate stocks. He writes that it's difficult to assess the impact of Brexit, given that there's of yet no clear time table for ...
Teresa Rivas / Stocks To Watch   |   Fri, 24 Jun 2016 14:43:19

How To Make Sense Of The Brexit Turmoil

OK, so now what? Britons shocked the world on Thursday by voting narrowly but decisively to leave the European Union. The news roiled global financial markets and sent the value of the British pound tumbling to a 30-year low. Prime Minister David Cameron has already announced he will resign after ...
Ben Casselman / FiveThirtyEight   |   Fri, 24 Jun 2016 14:43:05

Russia's Political Elite Seems Thrilled By Brexit, But It Shouldn't Be

Despite its bumbling perception in the Western media, the Russian government is usually quite carefulat officially remaining neutral in other countries' domestic political debates. Endless copy was written about Putin's supposed of Donald Trump, but Putin was quite deliberately making a factual observation (Donald Trump was, in fact, the [...]
Mark Adomanis, Contributor / Forbes   |   Fri, 24 Jun 2016 14:43:00

Eastern Europe exposed to Brexit fallout

Analysts pencil in weaker GDP growth, but Asia and Latin America seen as less affected
FT   |   Fri, 24 Jun 2016 14:42:48

Aimia says Nectar loyalty program in U.K. will be OK despite pound's fall

The Canadian company that runs the Nectar loyalty-points program in the United Kingdom says it doesn't expect the Brexit vote or the weakness of the British pound to have a significant impact on its financial results in the medium term.
The Canadian Press / CBC   |   Fri, 24 Jun 2016 14:42:26

Initial market reactions to Brexit

Table 1: Stock markets Country Stock market index 23 June - closing 24 June - opening lowest value 24 June - latest to 4pm Index % change from 23 June Index % change from 23 June UK FTSE 100 6,316 5,805 -8.09 6,182 -2.12 Germany DAX 10,226 9,318 -8.88 9,618 ...
Maria Demertzis / Bruegel   |   Fri, 24 Jun 2016 14:40:59

Epitaph for a political chancer: Cameron's fate examplifies the inability of UK elites to resolve long-run crises

David Cameron's announcement that he is stepping down as Prime Minister capped a night of unprecedented referendum triumph for the 'Brexiteers' on the Conservative right and in UKIP in overthrowing Britain's 43 year old membership of the European Union. Patrick Dunleavy considers the lessons that Cameron learned too late to ...
Blog Admin / British Politics and Policy at LSE   |   Fri, 24 Jun 2016 14:40:57

Sir Martin Sorrell calls for 'stiff upper lip' as media stocks are hit by out vote

WPP chief says he is 'very disappointed' by EU referendum result, amid warnings over ad spend and falling shares including ITV WPP's Sir Martin Sorrell has said that British businesses have to show a "stiff upper lip and make the best of it" amid reports warning of a huge decline ...
Mark Sweney and John Plunkett / Guardian   |   Fri, 24 Jun 2016 14:40:02

Which US Companies And Sectors Have The Most Exposure To Brexit

After the dust settles and some fundamental analysis is attempted, what analysts will try to calculate is which S&P500 sectors, and companies, have the most exposure to a post-Brexit UK, a country whose growth expectations have been slashed in angry retribution by all those sellside strategists and experts whose advice" ...
Tyler Durden / Zero Hedge   |   Fri, 24 Jun 2016 14:39:58

Updates: Britain votes to leave European Union

Updates: Britain votes to leave European Union June 24, 2016, 7:39 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for peace and prosperity for the last ...
LA Times   |   Fri, 24 Jun 2016 14:39:23

UPDATE 1-Mexico cuts spending on Brexit, at ready on rates and peso

MEXICO CITY, June 24- Mexico's government will cut spending and the central bank is ready to act on interest rates in the wake of Britain's vote to exit the European Union, senior officials said on Friday. Finance Minister Luis Videgaray said the government would cut spending by 31.715 billion pesos ...
CNBC   |   Fri, 24 Jun 2016 14:39:00

Oil Tumbles As Britain Votes Out

Oil prices reacted poorly when the news came that UK voters had opted on Thursday to leave the European Union. Futures for crude oil took a definite tumble in a reversal of previous gains after a day of the market watching the Brexit voting in the United Kingdom. On the ...
Lincoln Brown / Oil Price   |   Fri, 24 Jun 2016 14:38:17

EU Referendum: How it feels to be English as Brexit beckons

England led the rest of the UK towards the EU exit. How does it feel to be English on such a monumental day?
BBC   |   Fri, 24 Jun 2016 14:37:59

Mark Carney seeks to reassure financial markets after Brexit - video

Bank of England governor Mark Carney tries to calm fears over the markets on Friday following the UK's vote for Brexit in the EU referendum. Saying 'we are well prepared' he adds the Bank of England will take any measures needed to secure economic and financial stability Mark Carney says ...
Guardian Staff / Guardian   |   Fri, 24 Jun 2016 14:37:30

Drawing a nationalistic line between...

Given the ethno-nationalistic similarities, does the Brexit vote suggest we're understating Donald Trump's chances of success?
Steve Benen / MSNBC   |   Fri, 24 Jun 2016 14:37:11

Brexit: The Smart Money Asks What's Next for Asia

Brexit: The Smart Money Asks What's Next for Asia Leading strategists and economists analyze the impact on Asian markets, economies and central bank policy.Asia's Best MindsBrexit: The Smart Money Asks What's Next for Asia Leading strategists and economists analyze the impact on Asian markets, economies and central bank policy.
Barrons   |   Fri, 24 Jun 2016 14:36:34

After Brexit, Value of British Pound Is in Free Fall

The unprecedented decrease of the Pound, in charts.
Lindsey Cook / U.S. News   |   Fri, 24 Jun 2016 14:36:19

Brexit Shatters the West's Political Consensus

Matt Purple Politics, Europe Britain and Europe will never be the same. When the city of Sunderland voted overwhelmingly to leave the European Union last night, it was a bucket of cold water to the face. Sunderland was always going to end up in the "out" column, but the margin ...
Matt Purple / National Interest   |   Fri, 24 Jun 2016 14:36:00

UK Independence Day

Much to everyone's surprise, including mine, the Brexit campaign won the UK referendum by a healthy margin and it seems the UK is starting down the road to leaving the European Union. There were big reactions overnight on the markets, and much gloom voiced and written about the danger and ...
Tim Knight   |   Fri, 24 Jun 2016 14:34:22

Brokers pick their winners post-Brexit

Brokers have woken from their shock at the outcome of the Brexit vote and come up with lots of potential winners now that the UK is set to leave the European Union. First out of the traps was UBS, which identifies nine potential winners and after today's early morning bloodbath ...
Proactive Investors   |   Fri, 24 Jun 2016 14:34:00

Corporations might lay off over Brexit

International corporations warn of layoffs for employees due to England leaving the European Union.
MSNBC   |   Fri, 24 Jun 2016 14:33:08

UK's young explain devastation on Brexit

The despair the financial markets greeted the Brexit has nothing on the disappointment of young British voters, Vox reported.
CNBC   |   Fri, 24 Jun 2016 14:33:00

8 All American Companies Which Could Care Less About Brexit

Polls are proving to be absolutely worthless. It has been proven time after time that prediction tools just do not get the outcome right. That 'efficient market theory' you learned about... AWK CHTR CMG DG FIVE LOCO MO PNM Administrator American flags
Jon C. Ogg / 24/7 Wall St.   |   Fri, 24 Jun 2016 14:32:44

Lagarde asks for collaboration and clarification of Brexit

Christin Lagarde, Managing Director of the International Monetary Fund (IMF), issued a statement after the results of the referendum in the...
Matías Salord / FX Street   |   Fri, 24 Jun 2016 14:32:05

Brexit 101: What just happened, and why it's important for Americans

It's more than stocks or currencies: The global economy could be damaged if the U.K. votes to leave the EU.
CNBC   |   Fri, 24 Jun 2016 14:32:00

Political losses from Brexit will be deep

Decision to hold referendum will go down as one of history's great blunders, writes Richard Haass
FT   |   Fri, 24 Jun 2016 14:31:03

Opinion: The isolationist catastrophe of 'Brexit'

Updates: Britain votes to leave European Union June 24, 2016, 7:39 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for peace and prosperity for the last ...
LA Times   |   Fri, 24 Jun 2016 14:31:00

Brexit Shocker!

The political and financial landscapes have been altered by last night upset "Leave" vote in Britain and now we have to try and make sense of the new terrain. Join the conversation ...
Peak Prosperity   |   Fri, 24 Jun 2016 14:30:23

Trump, Clinton respond to 'Brexit' vote

Updates: Britain votes to leave European Union June 24, 2016, 7:39 a.m. Britons voted Thursday to leave the 28-nation European Union, a stunning decision that appeared to defy economic reason and cast doubts over the future of the bloc that been a bulwark for peace and prosperity for the last ...
LA Times   |   Fri, 24 Jun 2016 14:30:00

Clinton's response to Brexit is sorely lacking in golf course economics

While Donald Trump contemplated its impact on his golf courses, Hillary Clinton responded to the United Kingdom's vote to leave the European Union by talking about the economy and international relationships: "We respect the choice the people of the United Kingdom have made. Our first task has to be to ...
Laura Clawson / Daily Kos   |   Fri, 24 Jun 2016 14:29:28

Daily Cartoon: Friday, June 24th

Buy New Yorker Cartoons...
New Yorker   |   Fri, 24 Jun 2016 14:29:15

Pro-EU Scots, Northern Irish eye UK escape after Brexit vote

EDINBURGH, Scotland (AP) - The United Kingdom's stunning vote to depart the European Union could end in the breakup of the U.K. itself.
Associated Press   |   Fri, 24 Jun 2016 14:29:00

Gold surges as Brexit rattles markets

Yellow metal rallies as UK vote to leave EU deepens risk aversion
FT   |   Fri, 24 Jun 2016 14:27:31

Legal experts answer big Brexit questions

Challenges that the UK faces following decision to leave the EU
FT   |   Fri, 24 Jun 2016 14:27:19

LSE and Deutsche Boerse face fresh calls to move HQ to Frankfurt after Brexit vote

Jon Yeomans / Telegraph   |   Fri, 24 Jun 2016 14:27:14

Blimey, it is Brexit!

England has voted to leave the EU. Can the left - the English left - find its voice? Michael Gove, a key Leave supporter, Wikimedia What led the English to decide to try and take the whole of the United Kingdom out of Europe? A striking victory for what I ...
Anthony Barnett / Open Democracy   |   Fri, 24 Jun 2016 14:27:01

Brexit: Europe's New Nationalism Is Here to Stay

What we have witnessed in the U.K. is part of a much broader shift in public attitudes towards the EU. It is something of a tragic irony that the European Union - originally constructed to lay to rest the atavistic nationalist impulses of the 20th century - is today behind ...
Simon Toubeau, The Conversation / AlterNet   |   Fri, 24 Jun 2016 14:27:00

Brexit, the UK's vote to leave the European Union, explained

Voters have voted in favor of "Brexit" - the UK leaving the European Union, with huge consequences for the British and the world.
Timothy B. Lee / Vox   |   Fri, 24 Jun 2016 14:26:14

3 trades off the crashing pound

Using Kensho, we looked at which liquid ETFs historically outperformed when the pound dropped significantly versus the dollar.
CNBC   |   Fri, 24 Jun 2016 14:26:00

Brexit, Take 3

( Paul Mirengoff ) Yesterday was a big news day before any Brexit votes had been counted. Two major Supreme Court decisions, one of which voided a core Obama legacy item, plus the collapse of the Freddie Gray prosecutions. But with the Brexit vote, yesterday became historic. On this, I ...
Paul Mirengoff / Power Line   |   Fri, 24 Jun 2016 14:25:03

Fmr Fed Chair Greenspan on Brexit vote

Former Chairman of the Federal Reserve Alan Greenspan says this is just the beginning.
CNBC   |   Fri, 24 Jun 2016 14:25:00

This Week in Pictures: June 18-24

This week brought historic news with a shocking result from the 'Brexit' vote, the election of Rome's first female mayor and much more. See the photos here.
Rebecca Sanchez / MSNBC   |   Fri, 24 Jun 2016 14:24:41

All that's clear for investors is that Brexit is just beginning

The referendum is over but there's still a great deal of uncertainty surrounding how and when British membership will officially end
Bruce Cooper / Globe and Mail   |   Fri, 24 Jun 2016 14:24:00

Brexit: what happens next

On 23 June, the UK voted to leave the European Union. What will the UK's new relationship with the EU look like?
Bruegel / Bruegel   |   Fri, 24 Jun 2016 14:23:29

The Right Left for Europe

The UK's Brexit referendum made clear that many leftists believe that reviving progressive politics requires exiting an incorrigibly neoliberal EU. But anyone who thinks the EU's disintegration will help achieve goals like greater social protection and solidarity with refugees is badly mistaken.
Yanis Varoufakis / Project Syndicate   |   Fri, 24 Jun 2016 14:23:28

US High Yield Bond Market Adjusting To Brexit, With Large Gaps Lower

Almost every asset class globally is volatile this morning after the United Kingdom voted in favor of exiting the European Union, and the U.S. high-yield market is adjusting accordingly with significant prices declines. Trading volume is restrained thus far, but market participants are keeping an eye on cashflow-there are already ...
Matthew Fuller, Contributor / Forbes   |   Fri, 24 Jun 2016 14:23:00

The Conscience of a Liberal: Brexit: The Morning After

Keep calm and grieve for Europe.
PAUL KRUGMAN / NY Times   |   Fri, 24 Jun 2016 14:21:53

Whoops! Fox News Reports UK Voted To Leave UN (PHOTO)

Fox News may have given viewers surprised by the Brexit result a further shock early Friday morning when it reported that the U.K. had left the United Nations. Read More
TPM   |   Fri, 24 Jun 2016 14:20:24

Meet Boris Johnson, possible UK PM

Who is Boris Johnson, the former London mayor and possible British prime minister?
CNBC   |   Fri, 24 Jun 2016 14:20:00

S&P 500 Futures Trading Outlook For June 24

S&P 500 Futures Trading Outlook for June 24, 2016 (ES_F) The EU Referendum (Brexit) surprised the market with a Britain vote to exit the EU. The currency markets are roiling... The post S&P 500 Futures Trading Outlook For June 24 appeared first on See It Market .
See It Market   |   Fri, 24 Jun 2016 14:19:11

The United Kingdom Shocks the World, Votes to Leave the EU

I'm heading out for the vacation next week; the next Morning Jolt will be July 5.***Some days, the news genuinely surprises you. Polling in the United Kingdom pointed to a narrow win for "remain" on the referendum, but last night, the British people voted to leave the European Union, and ...
Jim Geraghty / National Review   |   Fri, 24 Jun 2016 14:19:10

Trump Supports Brexit, Uses It to Promote His Golf Course (Video)

Could it be that Trump-who seems a little confused about Brexit wants to "make Britain great again"? Although just weeks ago it wasn't even clear Trump understood the meaning of "Brexit," he's since become an ardent supporter. While on a visit to Turnberry, Scotland to visit his golf course, Trump ...
AlterNet   |   Fri, 24 Jun 2016 14:19:00

Hilsenrath's Take: 'Brexit' Vote Means More Fed Delay

Market mayhem and the strengthening U.S. dollar following Britain's decision to leave the European Union make it increasingly likely the Federal Reserve will delay plans to raise short-term interest rates, WSJ's Jon Hilsenrath writes.
WSJ   |   Fri, 24 Jun 2016 14:18:35

Brexit reaction: political earthquake, global economic impact limited

The UK electorate voted by a 52%-48% margin to leave the European Union, with remain leads in London, Scotland and Northern Ireland outweighed by leave victories in the rest of England and Wales. This has prompted the resignation of Prime Minister David Cameron, who will be replaced by a new ...
Simon Ward / Money Moves Markets   |   Fri, 24 Jun 2016 14:17:37

UK markets price in BoE rate cut by year-end after Brexit shock

LONDON, June 24 (Reuters) - Financial markets priced in a growing chance that the Bank of England will cut interest rates this year as Britain's vote to leave the European Union sent rate futures...
Reuters   |   Fri, 24 Jun 2016 14:16:40

'Brexit' Shocks And Wins: Who's Next?

"We're outta here.... Who's coming with us? Market price in what a Brexit means to the U.K., and the euro zone now that other member states are reconsidering the European Union. (Photo from BYD Auto press release viaBusiness Wire) U.K. voters chose to leave the European Union on Thursday in ...
Kenneth Rapoza, Contributor / Forbes   |   Fri, 24 Jun 2016 14:16:00

After Brexit, Guidance For U.S. Investors In The Stock Market

Seeking Alpha   |   Fri, 24 Jun 2016 14:15:36

Clinton: Brexit Highlights Need For 'Experienced' Leader In White House

Hillary Clinton said Friday that she respects Britain's decision to leave the European Union, but noted the caused by the move shows how important the American presidential election is. "We respect the choice the people of the United Kingdom have made. Our first task has to be to make sure ...
Caitlin MacNeal / TPM   |   Fri, 24 Jun 2016 14:15:21

Brexit: Scotland and N. Ireland reconsider ties to UK

Nationalist leaders in both Scotland and Northern Ireland ponder independence referendums following Brexit.
Al Jazeera   |   Fri, 24 Jun 2016 14:14:51

Apple, Fitbit, Facebook Top Names on FBN's Brexit Shopping List

FBN Securities's Shebly Seyrafi this morning has your Brexit shopping list for tech, following a majority vote of U.K. citizens yesterday to leave the European Union, suggesting six stocks including Facebook (FB), Apple (AAPL), and Fitbit (FIT). Seyrafi bases his recommendations on low European exposure, high rates of growth, big ...
Tiernan Ray / Eric Savitz   |   Fri, 24 Jun 2016 14:14:29

SEC continues to closely monitor markets after Brexit: Chair White

WASHINGTON (Reuters) - The top U.S. securities regulator is keeping a close eye on the markets in light of Britain's vote to leave the European Union, its chair said in a statement on Friday. "The U.S. equity markets opened normally for trading this morning," Securities and Exchange Commission Chair Mary ...
Business Insider   |   Fri, 24 Jun 2016 14:13:38

Brexit Wins -- Is President Trump Next?

© Clodagh Kilcoyne / Reuters Rob GarverJune 24, 2016 The impact of the decision by the people of the United Kingdom to part ways with the European Union -- a move with massive and largely unpredictable economic and political effects -- was felt almost immediately in the presidential race on ...
jherr / Fiscal Times   |   Fri, 24 Jun 2016 14:13:36

Brexit worse on GBP than 2008 financial crisis

World stocks and British pound sterling fall dramatically over fears of UK recession after its decision to leave the EU.
Al Jazeera   |   Fri, 24 Jun 2016 14:13:14

"...IMF calls on UK and EU to play nicely during divorce proceedings"

"We take note of the decision by the people of the UK..... -Christine Lagarde Yes. We also noted it. From City AM: The head of the International Monetary Fund (IMF) has urged the UK and the EU to reach an amicable divorce, as the fallout from the vote for Brexit ...
climateer / Climateer Investing   |   Fri, 24 Jun 2016 14:13:00

After 'Brexit' Vote, Hillary Clinton Reaffirms U.S. Ties to Britain, Europe

Presumptive Democratic presidential nominee Hillary Clinton said in a statement Friday that she respects the U.K.'s vote to leave the EU and that the first task for the U.S. must be to assure that the resulting economic uncertainty does not hurt Americans.
Laura Meckler / WSJ Washington Wire   |   Fri, 24 Jun 2016 14:12:30

ANALYST ROUNDUP: This is what the City and Wall Street are saying about Brexit

Britain created history on Thursday night, voting to become the first country to leave the European Union, with a 52% to 48% split in votes to get out of the EU. Market reaction was insane, with assets across the board getting crushed. The pound saw its biggest single-day drop in ...
Will Martin / Business Insider   |   Fri, 24 Jun 2016 14:12:08

Greenspan: Brexit 'tip of the iceberg'

Former Federal Reserve Chair Alan Greenspan discusses the potential fallout politically and economically from the Brexit vote.
CNBC   |   Fri, 24 Jun 2016 14:12:00

Justin Trudeau says Canada 'well positioned' to weather Brexit storm

Prime Minister Justin Trudeau says the Canadian economy is in a good position to weather the storm in the wake of Britain's vote to leave the European Union.
Susana Mas / CBC   |   Fri, 24 Jun 2016 14:11:36

This Week In Soccer Biz Special: 11 Ways Brexit Vote Will Impact Premier League And Soccer Worldwide

Britain woke up this morning facing a post Brexit vote hangover of massive proportions. It will take years for the British government to negotiate an exit from the European Union and the transition period will generate a great deal of uncertainty. The withdrawal of the UK from the European Union ...
Bobby McMahon, Contributor / Forbes   |   Fri, 24 Jun 2016 14:11:00

U.S. SEC continues to closely monitor markets after Brexit - Chair White

WASHINGTON, June 24 (Reuters) - The top U.S. securities regulator is keeping a close eye on the markets in light of Britain's vote to leave the European Union, its chair said in a statement on Friday.
Reuters   |   Fri, 24 Jun 2016 14:10:31

CLINTON: 'First task' is to make sure Brexit shock 'does not hurt working families here in America'

Hillary Clinton reacted to the United Kingdom's historic vote to exit the European Union, saying in a Friday-morning statement that the "first task" of US leaders must be to ensure the fallout does not economically harm Americans. "We respect the choice the people of the United Kingdom have made," the ...
Oliver Darcy / Business Insider   |   Fri, 24 Jun 2016 14:10:25

Clinton responds to Brexit

Hillary Clinton released a statement regarding the Brexit vote.
MSNBC   |   Fri, 24 Jun 2016 14:10:07

U.S. stocks swoon after U.K. votes for Brexit

Investors were stunned by the move and the British prime minister's resignation announcement.
USA Today   |   Fri, 24 Jun 2016 14:09:02

Donald Trump's Brexit press conference was beyond bizarre

Donald Trump is in the midst of a two-day trip to Scotland, a visit that happened to coincide with Britain voting on Thursday to leave the European Union -- an absolutely seismic moment in the history of the EU. Trump gave a press conference early Friday to talk about Brexit ...
The Fix   |   Fri, 24 Jun 2016 14:08:42

Obama releases statement on Brexit

President Obama releases a statement involving the Brexit vote.
MSNBC   |   Fri, 24 Jun 2016 14:08:40

AUD/USD - Aussie Plunges On Shock Brexit Outcome

Seeking Alpha   |   Fri, 24 Jun 2016 14:07:42

Brexit Means California Could Soon Be World's Fifth Largest Economy

Earlier this month, the state of California's GDP passed that of France to become the sixth largest in the world. The country just ahead of California, in fifth place, is the United Kingdom,... 247paul Brussels
Paul Ausick / 24/7 Wall St.   |   Fri, 24 Jun 2016 14:05:50

Abe expresses concern over Brexit-related currency fluctuations at election debate

Prime Minister Shinzo Abe said Friday he is over currency fluctuations from the U.K.'s vote to exit from the European Union, saying Japan will take "every measure" to ensure stability on global financial markets. "British citizens have made a decision to leave the European Union. I'm concerned over risks on ...
Reiji Yoshida / Japan Times   |   Fri, 24 Jun 2016 14:05:44

Brexit Update

Shortly after I wrote today's newsletter, much of it became obsolete. As I wrote the newsletter, the outcome of the Brexit was in doubt. Now [...]
Eddy Elfenbein / Eddy Elfenbein   |   Fri, 24 Jun 2016 14:04:13

The Sterling Depreciation of 2007-2008 and Its Implications for Brexit

The unexpected impact of the fall in sterling in 2007-2008 suggests Brexit could produce a drastic drop in UK living standards.
Yves Smith / Naked Capitalism   |   Fri, 24 Jun 2016 14:04:00

"A Fire Across the River"

- by New Deal democratI see where Bonddad has already waded in with his opinion re Brexit, so I thought I would add a few words.1. The title of this post is the english translation of a Japanese proverb, which succinctly describes a crisis that does not much affect the ...
Bonddad Blog   |   Fri, 24 Jun 2016 14:03:00

EM space off 'Brexit'-led lows

The main currencies in the EM space have been regaining some buying interest vs. the US dollar after recent lows posted in the wake of the 'Brexit' vo
Pablo Piovano / FX Street   |   Fri, 24 Jun 2016 14:02:52

Op-Ed Columnist: Chappatte on Britain’s Vote to Leave

Brexit becomes reality.
PATRICK CHAPPATTE / NY Times   |   Fri, 24 Jun 2016 14:02:37

Why The Brexit Vote Is All-Around Bad

THE BREXIT VOTE is a disaster, political and economically. After the initial shock wears off there will be happy talk that maybe it won't all be so bad. Don't believe it. The vote will intensify the centrifugal forces tearing apart the EU. The whole thrust ofpost-WWII diplomacy has been to ...
Steve Forbes, Forbes Staff / Forbes   |   Fri, 24 Jun 2016 14:02:00

Donald Trump hails UK 'independence' vote

Republican candidate cites Brexit parallel with US election on visit to Scottish golf course
FT   |   Fri, 24 Jun 2016 14:01:04

Donald Trump on Brexit results: 'It's a great thing.'

Donald Trump salutes United Kingdom's vote to leave the European Union The post Donald Trump on Brexit results: 'It's a great thing.' appeared first on Macleans.ca .
The Associated Press / Macleans   |   Fri, 24 Jun 2016 14:00:58

Obama After E.U. Vote: ‘The People of the United Kingdom Have Spoken’

The Brexit vote threw a shadow over the technology-friendly president’s trip to the Global Entrepreneurship Summit at Stanford University.
JULIE HIRSCHFELD DAVIS / NY Times   |   Fri, 24 Jun 2016 14:00:46

TRUMP: The collapse of the pound means more people will come to my golf course

Donald Trump said Friday that the collapse of the British pound is good news for his Scottish golf course, which he was visiting. "When the pound goes down, more people are coming to Turnberry, frankly," he said during a press conference at the course. "For traveling and for other things, ...
Money Game   |   Fri, 24 Jun 2016 14:00:30

World will feel aftershocks of Brexit for years to come: economists weigh in on historic vote

With so much uncertainty in the air, analysts say that global growth and stock market performance is likely to suffer
John Shmuel / Financial Post   |   Fri, 24 Jun 2016 14:00:14

In Defense, United Technologies Most At Risk From Brexit: Citi

With the world still reeling from the Brexit vote , Citi takes a look at the defense sector, and says United Technologies ( UTX ) has the most to lose. Analyst Jason Gursky writes that most defense names will be fine in a post-Brexit world, with most companies in his ...
Teresa Rivas / Stocks To Watch   |   Fri, 24 Jun 2016 14:00:07

Exposed firms brace for turmoil

Australia's ties with Britain and the EU have been plunged into the unknown by the Brexit victory, with uncertainty.
Austrailian   |   Fri, 24 Jun 2016 14:00:00

Clinton: "We respect the choice the people" made on Brexit

WASHINGTON, June 24 (Reuters) - Democratic presidential candidate Hillary Clinton said on Friday said she respected the United Kingdom's vote on leaving the European Union and was committed to...
Reuters   |   Fri, 24 Jun 2016 13:59:09

Santelli: Emotion pounded the pound

CNBC's Rick Santelli looks at bonds and currencies after the United Kingdom's big Brexit move.
CNBC   |   Fri, 24 Jun 2016 13:59:00

5 things investors need to know about Brexit

Great Britain's vote to leave the European Union is having repercussions across global markets. Here are five things investors need to know.
USA Today   |   Fri, 24 Jun 2016 13:56:47

Millenials' 'fury' over baby boomers' vote for Brexit

Adam Boult / Telegraph   |   Fri, 24 Jun 2016 13:56:09

What Comes Next After Brexit?

Gary Younge: "In the end those who placed their faith in the 'experts' were always going to be disappointed. The pollsters were wrong; the currency traders were wrong; the pundits were confounded. People who did not feel they had been [...]
Taegan Goddard / Taegan Goddard   |   Fri, 24 Jun 2016 13:55:56

Trump visits UK, says Brexit 'a great thing'

LONDON: Republican presidential candidate Donald Trump terms Brexit a "great thing" and said it is go that the people of the UK have "taken back their country" in voting to leave the EU, as he touched down at his golf resort in Scotland. Billionaire Trump arrived Scotland to on his ...
Web Desk / News Tribe   |   Fri, 24 Jun 2016 13:55:43

Where was the EU referendum won and lost? Northern Ireland, Scotland and London only areas not to vote for Brexit

Ashley Kirk / Telegraph   |   Fri, 24 Jun 2016 13:55:32

UPDATE 2-Spain seeks to jointly govern Gibraltar after Brexit

GIBRALTAR, June 24 (Reuters) - Spain will seek to jointly govern Gibraltar with Britain following the British vote to leave the European Union, acting foreign minister Jose Manuel Garcia-Margallo...
Reuters   |   Fri, 24 Jun 2016 13:55:27

Wall Street opens down after Brexit vote

Wall Street opened down 1.1 percent reflecting London, Paris, Frankfurt and Asia after the UK vote to leave the EU brought about the biggest rupture...
euronews   |   Fri, 24 Jun 2016 13:52:55

Dow Down More Than 500 Points as Brexit Shakes Stocks

Stock markets around the world took a hit Friday after the U.K. voted to leave the European Union.
Andrew Soergel / U.S. News   |   Fri, 24 Jun 2016 13:52:08

Brexit Will Boost Nuclear Energy In UK And Eventually In EU

The UK voters have spoken; they want to leave the EU by a margin of 52% to 48%. The split should provide a boost for the UK's nuclear energy program. It should also improve its energy resiliency and improve the effectiveness of it effort to reduce CO2 emissions. As an ...
Rod Adams, Contributor / Forbes   |   Fri, 24 Jun 2016 13:52:00

Uncertainty Abounds After U.K. Elects Brexit

Uncertainty Abounds After U.K. Elects Brexit by Adam Putz, PitchBook The U.K. has voted to leave the EU. The turnout for the EU referendum topped 72% of registered voters and split the electorate nearly in half. The U.K. is itself [...]
VW Staff / Value Walk   |   Fri, 24 Jun 2016 13:51:07

The Brexit Vote Was Just the Beginning

London, England -- So, what now?The immediate answer is: Nothing. As the prime minister made clear in his resignation speech this morning, it will be months before the government triggers Article 50 and initiates withdrawal proceedings, and, even after it has done that, progress is likely to be sedulous and ...
Charles C. W. Cooke / National Review   |   Fri, 24 Jun 2016 13:50:52

Brexit Vote: Stunned Britons Awake to a New Era for U.K.

Britons struggle to fully grasp the consequences of their own decision to reject four decades of European Union membership in favor of vast political and economic uncertainty.
WSJ   |   Fri, 24 Jun 2016 13:50:51

Mark Carney on Brexit results: 'We are well prepared for this'

Top banker says Bank of England has Brexit contingency plans The post Mark Carney on Brexit results: 'We are well prepared for this' appeared first on Macleans.ca .
The Associated Press / Macleans   |   Fri, 24 Jun 2016 13:50:25

Gold Holds Multi-Year Highs as Brexit Shock Hits Eurozone Worst

Submitted by Adrian Ash on Fri, 06/24/2016 - 14:09, Gold Bullion Vault GOLD's Brexit jump to fresh multi-year highs against all major currencies bar the Japanese Yen faded London lunchtime on Friday, but prices held firm as US stockmarkets prepared [...]
Guest Post / Value Walk   |   Fri, 24 Jun 2016 13:49:04

"Lights Out Stories Making The Rounds On Huge Losses"

Some thoughts on markets from RBC's Charlie McElligott "CORRELATIONS GO TO ONE" ON BREXIT NAPALM QUICK UPDATE: Pockets of risk are notably higher off the initial "shock" levels seen last night (i.e. GBP trading back to 1.388 last from 1.323 low / JPY to 103.1 last from 99.0 low / ...
Zero Hedge   |   Fri, 24 Jun 2016 13:48:57

Trump: Enough about the British economy, how will my golf course be affected by Brexit?

The United Kingdom has voted to leave the European Union, its government is in chaos, the pound is dropping like a stone ... but never mind all that. What impact will it have on Donald Trump's business interests? "If the pound goes down, more people are coming to Turnberry, frankly," ...
Daily Kos   |   Fri, 24 Jun 2016 13:48:56

Obama on Brexit: The UK has spoken, and 'we respect their decision'

President Barack Obama reacted Friday morning to the United Kingdom's historic Brexit vote, saying in a statement that he respected the people's choice to leave the European Union. "The people of the United Kingdom have spoken, and we respect their decision," Obama said. He continued: "The special relationship between the ...
Oliver Darcy / Money Game   |   Fri, 24 Jun 2016 13:48:18

U.S. municipal bond yields tumble to record lows on Brexit vote

NEW YORK, June 24 (Reuters) - U.S. municipal bonds yields tumbled to record lows on Friday, falling as much as 20 basis points and tracking a flight to safety in the U.S. Treasury market a day after...
Reuters   |   Fri, 24 Jun 2016 13:47:33

Trump on Brexit: America is next

British voters just shattered political convention in a stunning repudiation of the ruling establishment. Donald Trump is betting America is about to do the same.
CNN   |   Fri, 24 Jun 2016 13:47:24

AUD/USD - Aussie Plunges on Shock Brexit Outcome

The Australian dollar has posted sharp losses on Friday following the stunning results of the Brexit referendum, with Britain voting to leave the European Union. AUD/USD fell as low as 0.7296 earlier on Friday, but has recovered and is currently trading above the 0.74 line. On the release front, durable ...
Kenny Fisher / OANDA   |   Fri, 24 Jun 2016 13:47:01

Brexit Vote Shows Why Trump Can Win

James Hohmann: "Britain's stunning vote to leave the European Union suggests that we've been seriously underestimating Donald Trump's ability to win the presidential election." "When you consider all his controversies and self-inflicted wounds over the past month, combined with how [...]
Taegan Goddard   |   Fri, 24 Jun 2016 13:46:12

U.S. markets drop sharply after 'Brexit' vote increases global recession risk

Major U.S. stock indexes plunged Friday following a large-scale global selloff overnight in the wake of Britain's vote to leave the European Union. The Dow Jones industrial index plummeted 500 points, or about 3%, in early trading. The broader Standard & Poors 500 index and the technology heavy...
Don Lee and Jim Puzzanghera / LA Times   |   Fri, 24 Jun 2016 13:45:00

Here's how Wall Street's bosses are reacting to Brexit

Britain has voted to leave the European Union, and bank stocks in the US and Europe are getting clobbered. In addition to the volatility and potential broader economic implications spurred by Brexit, it could also affect big banks because many of them employ large staffs in the UK. London-based employees ...
Portia Crowe / Money Game   |   Fri, 24 Jun 2016 13:44:54

UPDATE 2-France says new Europe needed after Brexit "explosive shock"

PARIS, June 24 (Reuters) - The European Union has suffered an "explosive shock" and must reinvent itself to prevent its break-up and restore the confidence of voters, France's leaders said on Friday...
Reuters   |   Fri, 24 Jun 2016 13:44:46

Will others countries now leave the EU?

Benedict Willis of Princeton Securities comments on the opening of Wall Street after the Brexit vote and shares what he thinks could happen to the European Union now.
MSNBC   |   Fri, 24 Jun 2016 13:43:33

The Winners and Losers of the Brexit Bombshell

It's a good day for opponents of multi-country trade pacts. It's a bad day for Brussels bureaucrats and British pollsters.
Barrons   |   Fri, 24 Jun 2016 13:43:18

Obama On Brexit: 'We Respect Their Decision'

Reacting to the United Kingdom's vote to leave the European Union, President Obama said Friday he respected voters' decision, while stressing the "vital" relationships the United States has with both the United Kingdom and the European Union. Read More
Tierney Sneed / TPM   |   Fri, 24 Jun 2016 13:43:13

Post-Brexit, how low markets might go

Here's NorthmanTrader.com founder Sven Henrich's call for the S&P 500. go?
CNBC   |   Fri, 24 Jun 2016 13:43:00

U.S. stocks take huge swoon after U.K. votes for Brexit

Investors were stunned by the move and the British prime minister's resignation announcement.
USA Today   |   Fri, 24 Jun 2016 13:42:59

How half of Britain feels right now

It's a Brexit: Britain has chosen to leave the European Union. As a Brit living in New York, I watched the early vote results roll in at an English pub in Manhattan, before heading home to watch BBC America. Just before midnight New York time, it was clear that the ...
Matt Turner / Money Game   |   Fri, 24 Jun 2016 13:42:31

Brexit has limited impact on oil prices so far, Reuters' Kemp says

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 13:42:03

Haass: Brexit end of 'Great' Britain

Richard Haass at the Council on Foreign Relations says the Brexit vote spells the end of the U.K.
CNBC   |   Fri, 24 Jun 2016 13:42:00

UK banks suffer big share falls after Brexit

Exit may force relocation of operations to the European continent
FT   |   Fri, 24 Jun 2016 13:41:08

Reaction to Brexit around Europe: How the result affects the Balkans

How does the UK's referendum result affect other countries around Europe? Denisa Kostovicova outlines what Brexit is likely to mean for states in the Balkans, noting that it will clearly affect countries currently pursuing EU membership, and that the wider prospects for the region look decidedly more uncertain this morning ...
Blog Admin / EUROPP   |   Fri, 24 Jun 2016 13:40:46

Milan bourse headed for record fall after Brexit (2)

Milan, June 24 - The Milan stock exchange was headed towards a record fall in trading on Friday after Britain voted to leave the European Union. With just around two hours of trading to go, the FTSE Mib index was down 10.6%. That would be the biggest single-day loss that ...
Gazzetta Del Sud   |   Fri, 24 Jun 2016 13:40:00

Irish 5-yr CDS nearly double, hit 2-1/2 yr high on Brexit vote

LONDON, June 24 (Reuters) - The cost of insuring exposure to Irish government debt nearly doubled on Friday, surging to the highest level in nearly 2-1/2 years after neighbouring Britain voted in...
Reuters   |   Fri, 24 Jun 2016 13:39:51

U.K. Investors Take Heart After Brexit Vote

Faced with Friday's global market mayhem, some of the U.K.'s best known investors struck a positive note.
WSJ   |   Fri, 24 Jun 2016 13:39:34

EUR/USD steadies around 1.1050 into the NA open

After the surprise of the Brexit, markets have begun to quieten down, with EUR/USD finding a comfort zone just above 1.1000 over the last hours. EUR/
Ani Salama / FX Street   |   Fri, 24 Jun 2016 13:39:23

Buy or Bust: Dow Drops 525 Points as Brexit Rattles Markets

Stocks are tumbling this morning after the UK voted to leave the European Union . The S&P 500 has dropped 2.8% to 2,055.20 at 9:35 a.m. today, while the Dow Jones Industrial Average has tumbled 524.92 points, or 2.9%, to 17,486.15. The Nasdaq Composite has plunged 3.5% to 4,737.34. S&P ...
Ben Levisohn / Stocks To Watch   |   Fri, 24 Jun 2016 13:38:39

Brexit Is A Go And Markets Make Some Unprecedented Moves

Brexit Is A Go And Markets Make Some Unprecedented Moves by @ConnectedWealth Today Where do we even begin on a day like today? Unprecedented moves in the currency markets this morning are stunning in the case of the Pound (having [...]
VW Staff / Value Walk   |   Fri, 24 Jun 2016 13:38:12

U.S. will work with Britain, EU for a smooth transition post-Brexit -Blinken

WASHINGTON, June 24 (Reuters) - The United States will work closely and carefully with Britain and the European Union to ensure a smooth transition after Britain voted to leave the European Union,...
Reuters   |   Fri, 24 Jun 2016 13:38:04

US Stocks Plunge After Brexit Vote

NEW YORK (AP) - US stocks plunge in early trading after Britain votes to leave the EU; bonds, gold prices rise. Read More
ASSOCIATED PRESS / TPM   |   Fri, 24 Jun 2016 13:37:23

How Brexit triggered a global market meltdown

Despite reassurances that we shouldn't listen to the experts, the financial markets have gone and behaved almost exactly as the experts predicted. Following the news that the UK will be leaving the EU, the pound has dropped to a level not seen since 1985. The FSTE has had the biggest ...
Andre Spicer, Professor of Organisational Behaviour, Cass Business School, City University London / The Conversation   |   Fri, 24 Jun 2016 13:37:02

Stocks plummet on Brexit

Investors were stunned by the move and the British prime minister's resignation announcement.
USA Today   |   Fri, 24 Jun 2016 13:36:11

Trump blames Obama for Brexit

Donald Trump says that UK's vote to leave the European Union "might have been different" if President Obama had not voiced his support for EU unity.
CNN   |   Fri, 24 Jun 2016 13:33:42

Brexit: the big questions answered

The UK's decision's to leave the EU has ushered in an era of uncertainty
FT   |   Fri, 24 Jun 2016 13:33:16

Britain's Brexit bludgeons bank stocks

Big banks in the U.S. and UK expected to post huge losses in Friday trading.
CNBC   |   Fri, 24 Jun 2016 13:32:00

This Brown Brothers Harriman finreg expert has some Brexit questions (annotated edition)

Here's an interesting tweetstorm from Sean Tuffy at Brown Brothers Harriman, who raises a few important questions about where asset managers will be able to sell funds to investors after Brexit. Since regulation commentary can turn into alphabet soup sometimes, we'll provide translations. Continue reading: This Brown Brothers Harriman finreg ...
Alexandra Scaggs / FT Alphaville   |   Fri, 24 Jun 2016 13:31:41

Lesson from Brexit: unthinkable isn't unpriceable

Britain's referendum decision is an unwelcome blow to an already fragile world economy, but the real change is that it forces companies and investors to reconsider other once-remote risks. A Donald Trump presidency or the break-up of the euro zone may deserve more consideration.
Breakingviews   |   Fri, 24 Jun 2016 13:31:00

Henkel's lust for detergent undeterred by Brexit

Amid the worst market meltdown in ages, the German consumer goods giant is forking out $3.6 bln for U.S. home-care rival Sun Products. The price is rich and the timing bold. But at least today Henkel looks smart to lower its European exposure and transform its position in America.
Breakingviews   |   Fri, 24 Jun 2016 13:30:00

UK Independence Party Leader Admits His Bold Brexit Claim Was a "Mistake"

As Britain awoke on Friday to the news that it had voted in favor of withdrawing from the European Union, voters were introduced to their new reality with a stunning admission from Nigel Farage, the pro-Brexit advocate who leads the U.K. Independence Party. Farage said that the Vote Leave campaign's ...
Inae Oh / Mother Jones   |   Fri, 24 Jun 2016 13:29:24

Sterling Crash Just the Start of Brexit Market Fallout

When traders are panicking, the savvy investor can usually pick up a bargain. And traders are certainly panicking. Their immediate reaction to the surprise vote by Britons to leave the European Union was the equivalent of running around in small circles screaming and waving their arms in the air.
WSJ   |   Fri, 24 Jun 2016 13:28:49

Brexit leaves London tech 'shell shocked'

Investors and founders in Europe's leading start-up hub digest decision to quit EU
FT   |   Fri, 24 Jun 2016 13:28:27

The Brexit Just Gave Us Global Financial Turmoil, Just as "Remain" Supporters Warned

A political gambit dreamed up by David Cameron in a pizza place at Chicago-O'Hare Airport is producing one of the worst days in the history of financial markets. A narrow victory for Brexit will likely see the United Kingdom out of the European Union, ending a 50-year period characterized by ...
Henry Grabar / Moneybox   |   Fri, 24 Jun 2016 13:27:53

UPDATE 3-Central banks move to calm jittery markets after Brexit shock

LONDON/ ZURICH, June 24- Some of the world's biggest central banks offered financial backstops to soothe plunging markets on Friday after Britain voted to leave the EU, and some intervened in currency markets as they worried that the volatility could hit growth. The Bank of England offered to provide more ...
CNBC   |   Fri, 24 Jun 2016 13:27:00

DOW plummets after Brexit

As Wall Street opens for the day dramatic changes are expected across the entire global market. It is unknown for how long these economic effects will last.
MSNBC   |   Fri, 24 Jun 2016 13:26:54

Brexit: What does it mean for expats, here and in the EU?

How does the UK's vote to leave the European Union affect British expats in Europe, and EU nationals working in the UK?
BBC   |   Fri, 24 Jun 2016 13:26:10

Justin Trudeau on Brexit results: 'The people of the UK have chosen to leave'

For the record, here's the Prime Minister's response to the Brexit vote The post Justin Trudeau on Brexit results: 'The people of the UK have chosen to leave' appeared first on Macleans.ca .
macleans.ca / Macleans   |   Fri, 24 Jun 2016 13:25:44

The Brexit Carnage from a Trader`s Perspective (Video)

By EconMatters The surprise Brexit event made for some fun trading with great price action opportunities last night - sort of like being in a hurricane without getting your house destroyed - there is something "energy" in the air. © EconMatters All Rights Reserved | Facebook | Twitter |... Please ...
EconMatters / EconMatters Global   |   Fri, 24 Jun 2016 13:24:00

G-7 warns of 'adverse implications' from Brexit-linked market volatility

Finance ministers and top central bankers from the Group of Seven warned that Britain's vote to quit the European Union could have "adverse implications," after the pound dived to three-decade lows and equity markets flew into a tailspin. "We recognise that excessive volatility and disorderly movements in exchange rates can ...
Japan Times   |   Fri, 24 Jun 2016 13:22:38

This comment perfectly explains why Brexit has left the UK's young feeling so devastated

The howl of despair with which global financial markets greeted the United Kingdom's decision to withdraw from the European Union has nothing on the disappointment and anger of the 48 percent of British voters, many of them young, who wanted to stay. Until the final days before the referendum, much ...
Libby Nelson / Vox   |   Fri, 24 Jun 2016 13:22:34

BT, European names pace telecom losers post-Brexit vote

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 13:22:05

Brexit: A Seismic Slap in the Face of Markets

Markets got Brexit dead wrong. Now comes the fallout.
WSJ   |   Fri, 24 Jun 2016 13:21:16

Brexit And U.K. Economy By The Numbers-GDP, Population, And Industry

Even Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) was out of breath about new of the Brexit: "We take note of the decision by the people of the United... 247wallst Flag of Great Britain IMF
Douglas A. McIntyre / 24/7 Wall St.   |   Fri, 24 Jun 2016 13:21:15

DoubleLine's Gundlach says sold all of its European equities position

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said Friday that his firm sold all of its European equities position before the market closed Thursday. Gundlach also said about Brexit: "Yes, I am surprised. It suggests the public mood for change is even greater than I ...
Business Insider   |   Fri, 24 Jun 2016 13:20:39

Turkey backs united and strong EU after Brexit

The United Kingdom's shocking departure from the European Union should be a lesson for the remaining 27 members of the union, senior Turkish officials have urged
Hurriyet   |   Fri, 24 Jun 2016 13:20:00

EDF says Brexit vote has no impact on strategy, Hinkley Point plans

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 13:18:50

Boris Johnson on Brexit results: 'We can find our voice in the world'

For the record: Here's what Boris Johnson said in the wake of the Brexit vote The post Boris Johnson on Brexit results: 'We can find our voice in the world' appeared first on Macleans.ca .
macleans.ca / Macleans   |   Fri, 24 Jun 2016 13:18:04

UPDATE 2-Central banks move to calm jittery markets after Brexit shock

LONDON/ ZURICH, June 24- Some of the world's biggest central banks offered financial backstops to soothe plunging markets on Friday after Britain voted to leave the EU, and some intervened in currency markets as they worried that the volatility could hit growth. The Bank of England offered to provide more ...
CNBC   |   Fri, 24 Jun 2016 13:18:00

Why Brexit is sending seismic quakes all over the world?

By Independent Trader We definitely have an interesting day today. Although I was hoping for Brexit, I though British were too scared of the Armageddon announced by Cameron and whole 'Remain' campaign to actually do it. Ultimately, citizens of the [...]
Guest Post / Value Walk   |   Fri, 24 Jun 2016 13:17:45

Turkish deputy PM says Brexit has 'opened Pandora's box'

Deputy Prime Minister Mehmet Şimşek has described the choice of the British people to leave the European Union as an "opened Pandora's box."
Hurriyet   |   Fri, 24 Jun 2016 13:17:00

Brexit: Is this like the 2008 financial crisis?

The shocking vote by Britain to leave the European Union is creating global market turmoil. Could this be the start of another market meltdown like the collapse of Lehman Brothers in 2008? Or a temporary blip like 1987 or 2011?
CNN   |   Fri, 24 Jun 2016 13:16:05

What Brexit Will Mean For International Data Sharing

Post-Brexit, the UK will still have to abide by European data laws if it doesn't want trade to dry up.
Emma Woollacott, Contributor / Forbes   |   Fri, 24 Jun 2016 13:16:00

The Brexit Aftermath ...

Some context for the market moves we saw last night while the stock markets were closed and the currency markets were open: This British Pound move is bigger than the Soros crash trade. And for S&P: The volatility index spiked 60 So many people are really caught off guard. These ...
Howard Lindzon / Howard Lindzon   |   Fri, 24 Jun 2016 13:15:12

Brexit: For the UK, June 23 Is Independence Day

Ted R. Bromund Brexit, Europe History was made. In a historic referendum, by a margin of a million votes, the British people have decided to leave the European Union. Brexit is no longer a dream. It is a fact. This is a momentous event in British history, and a dark ...
Ted R. Bromund / National Interest   |   Fri, 24 Jun 2016 13:14:00

UK-EU's rocky relationship

The U.K. has spoken: It has decided to end its relationship with the European Union.
CNBC   |   Fri, 24 Jun 2016 13:13:00

Win-win for Nigel Farage as Brexit pays off

While gamblers staking money on the outcome of the EU referendum will either be scouring for their winning tickets or tearing the worthless betting slip into several pieces, one punter in particular will have double cause for celebration when he collects his winnings. Ukip leader Nigel Farage, who helped steer ...
Ryan Hooper, Press Association / Times of Malta   |   Fri, 24 Jun 2016 13:12:00

Barclays And Brexit

Seeking Alpha   |   Fri, 24 Jun 2016 13:10:26

Will Brexit spark a brain-drain for UK?

The shock result of the U.K.'s referendum on its future in the EU has led to fears about how Brexit will impact job recruitment.
CNBC   |   Fri, 24 Jun 2016 13:10:00

Lloyds And RBS: The Impact Of Brexit

Seeking Alpha   |   Fri, 24 Jun 2016 13:09:16

U.S. markets brace for hit after 'Brexit' vote increases global recession risk

U.S. shares were set to open sharply lower Friday following the large-scale selloff in global stock markets overnight, part of the immediate financial fallout from Britain's vote to leave the European Union. The expected U.S. market drop follows a fall of nearly 8% in Japan and somewhat smaller...
Don Lee and Jim Puzzanghera / LA Times   |   Fri, 24 Jun 2016 13:08:00

Brexit: Reaction from around the UK

Very different visions of where the UK's future lies have been put under the spotlight by the vote to leave the EU. BBC correspondents from around the UK reflect on implications at a local level.
BBC   |   Fri, 24 Jun 2016 13:07:47

Donald Trump Loves the Brexit

NEWS BRIEF Voters in the United Kingdom have decided to leave the European Union. And Donald Trump, who is on a two-day visit in Scotland, is embracing the move. "I think it's a great thing that happened," Trump told reporters on Friday. "People are angry, all over the world. People, ...
Priscilla Alvarez / The Atlantic   |   Fri, 24 Jun 2016 13:07:19

Brexit spells disaster for France

Hollande's room for manoeuvre in Europe will now be limited, writes François Heisbourg
FT   |   Fri, 24 Jun 2016 13:06:17

European Officials Suggest Tough Tack on 'Brexit'

Top European Union officials on Friday sought to reassure markets about the bloc's unity in the face of Britain's decision to leave and signaled a tough stance toward negotiations on future ties with the U.K.
WSJ   |   Fri, 24 Jun 2016 13:05:51

Brexit's global fallout

Great Britain voted to leave the European Union. Markets yesterday bet they would stay, and now the fallout is great. David Craig for USA TODAY.
USA Today   |   Fri, 24 Jun 2016 13:05:31

EU, not Britain, the big loser from Brexit

Seeking Alpha / Seeking Alpha   |   Fri, 24 Jun 2016 13:04:58

Brexit: 'Global wave of carnage'

DOW futures are down nearly 500 points showing the early affects of the Brexit vote.
MSNBC   |   Fri, 24 Jun 2016 13:04:07

Could A United Kingdom Exit From The EU Affect Weather Forecasts?

The news of the#BrExit vote has literally rocked the world,but the first thing that came to mind for me is how will it affect global weather forecasting. Let me start off by saying that I have no idea. I have no insight on how this vote affects the weather communitybut ...
Marshall Shepherd, Contributor / Forbes   |   Fri, 24 Jun 2016 13:01:00

Obama at Global Entrepreneurship Summit Under Shadow

The president has tied himself closely to technological development, but many voters fear technology-driven globalization and job losses.
JULIE HIRSCHFELD DAVIS / NY Times   |   Fri, 24 Jun 2016 13:00:49

Asked About Brexit's Economic Fallout, Trump Talks About His Own Properties

Arriving in Scotland on the day of the UK's momentous vote to leave the European Union, Donald Trump had a lot to say about his new golf course. Read More
TPM   |   Fri, 24 Jun 2016 13:00:31

Here's how the New York Stock Exchange is preparing for Friday's chaotic market open

It's going to be a nail-biting Friday. Global stock markets are tumbling pre-market following Britain's unprecedented vote to leave the European Union. Near 8:54 a.m. ET, Dow futures were off 495 points (2.77%), while S&P 500 futures were off 71 points (3.37%). Rich Barry, floor governor at the New York ...
Business Insider   |   Fri, 24 Jun 2016 13:00:13

U.K. Tech Startups Stunned By Brexit Vote

'It's just a very depressing day,' says founder, worried about attracting engineers from overseas. Others say it could make their companies appear less European, more international.
Parmy Olson, Forbes Staff / Forbes   |   Fri, 24 Jun 2016 13:00:00

Brexit Is On: Experts Respond to Britain's Vote to Leave the EU

The U.K. has delivered a shock to the world's largest economic and political group.
The Conversation / U.S. News   |   Fri, 24 Jun 2016 12:58:02

Osborne 'Will Do All He Can' To Make Brexit Work

The Chancellor says that G7 central banks have taken steps to ensure liquidity, following big falls in the markets.
Sky   |   Fri, 24 Jun 2016 12:57:15

UK students: We woke up feeling betrayed this morning

Oxford, UK - Gloom and disillusionment about the future rippled across the Oxford University campus today, as students woke up to not only their final exams, but to news that the British electorate voted to separate from the EU, that their Prime Minister had resigned over the so-called "Brexit," and ...
Vox   |   Fri, 24 Jun 2016 12:48:42

G-7, Central Bank Governors, Christine Lagarde Issue More Statements To Clam Markets

Showing once again that the world's elite has not learned any lessons from the UK Brexit, instead of focusing on the core issue at hand, namely the deterioration of the living standards of the developed world's middle class, the world's political and financial elite is instead scrambling to calm down ...
Zero Hedge   |   Fri, 24 Jun 2016 12:45:49

My Little Trick for Coping with a Correction

Good morning and welcome to the end of civilization as we knew it. Just kidding, but wow - what a stunning development in Europe. Even some of the people who voted for Brexit are telling reporters it was just to vent, they never thought it would actually happen. Welp... Anyway, ...
Reformed Broker   |   Fri, 24 Jun 2016 12:45:11

Some Links

( Don Boudreaux ) TweetOver at Alt-M, George Selgin shares his thoughts from the road. GMU Econ alum - and British resident - Emily Skarbek has some early thoughts on the reality of Brexit. George Will offers sage counsel to Republicans: Ditch Donald Trump. Charles Lane summarizes many of the ...
Cafe Hayek   |   Fri, 24 Jun 2016 12:43:51

Market Check: Sum of All Fears

Voters in the U.K. defied pollsters and bookies and voted in favor of Brexit, prompting Prime Minister David Cameron to resign. Questions are swirling about the fate of the European Union and, perhaps, the United Kingdom itself as a second independence referendum in Scotland looks likely. Here's a quick markets ...
Focus on Funds   |   Fri, 24 Jun 2016 12:43:39

Dow Jones futures down 500+ points

CNBC's Dominic Chu reports on how U.S. markets are responding to Brexit news.
MSNBC   |   Fri, 24 Jun 2016 12:33:29

Thanks To Brexit Referendum, Prepare For A Flood Of New High-Yield Investment Opportunities

Seeking Alpha   |   Fri, 24 Jun 2016 12:26:37

Trump Applauds Brexit Decision, British Pound Plunges To 31-Year Low, And Four Months Inside A Private Prison

Check out Friday's newsletter! Read More
TPM   |   Fri, 24 Jun 2016 12:24:42

10 Friday AM Reads

Our morning Brexit train reads: • All of the most important and interesting Brexit charts, in one place (Big Picture) • Justin Fox: Do the Experts Know Anything? (Bloomberg View) • Industrial robot sales hit record (Financial Times) • Meet the Wall Street Titans Who Support - and Oppose - ...
The Big Picture   |   Fri, 24 Jun 2016 12:24:39

Capital Journal Daybreak: Six Key States in the Presidential Election, More

Today on the campaign trail and more of the biggest news stories and exclusive features from Washington on politics, policy, financial regulation and defense.
WSJ Washington Wire   |   Fri, 24 Jun 2016 12:16:58

Kids discuss Cameron, Trump and how they feel about Brexit

Kimberley Rowell / Telegraph   |   Fri, 24 Jun 2016 12:15:00

Market Turmoil: What to Watch for in Trading After Shock of

Among other things, this will be a test of whether the banking overhauls introduced after the 2008 crash are equal to the challenges ahead.
DealBook   |   Fri, 24 Jun 2016 12:10:54

Market Turmoil: What to Watch for in Trading After Shock of

Among other things, this will be a test of whether the banking overhauls introduced after the 2008 crash are equal to the challenges ahead.
PETER EAVIS / NY Times   |   Fri, 24 Jun 2016 12:10:53

The week in pictures

From Brexit to killing of Sufi singer Amjad Sabri in Pakistan, here is the week's news in pictures.
Al Jazeera   |   Fri, 24 Jun 2016 12:10:34

Trump Blames Obama For Brexit Vote, Says He Predicted It

Donald Trump on Friday said that President Barack Obama bore some responsibility for the UK's historic decision to leave the European Union. Read More
TPM   |   Fri, 24 Jun 2016 12:00:45

Here's a super-quick guide to what traders are talking about as global markets tank (SPY, SPX, DJI, IXIC, UST, TLT, DXY, GBP, JPY)

Via Dave Lutz, head of ETFs at Jones Trading, here's a quick guide to what traders are talking about on this chaotic Friday: Morning – Wow. UK Out (51.9% to 48.1%), Those below 24years old were 75% remain, "Leave" overwhelmingly voted by those over 50. Cameron to resign within 3months ...
Money Game   |   Fri, 24 Jun 2016 12:00:05

Repercussions of Britain’s Exit From the E.U.

Investors, policy makers and countries face a messy breakup with vast financial, economic and political implications.
KARL RUSSELL and JASMINE C. LEE / NY Times   |   Fri, 24 Jun 2016 12:00:00

It's a great day for humility: James Grant

The markets were flat wrong, says James Grant, Interest Rate Observer, weighing in on the outcome of the Brexit vote and sharing his outlook on interest rates.
CNBC   |   Fri, 24 Jun 2016 11:55:00

Twitter to Texas, Florida: Your turn to exit

#Brexit spurs Twitterers to (seemingly jokingly) invite states to exit America.
USA Today   |   Fri, 24 Jun 2016 11:52:16

Bank stocks are getting clobbered

US bank stocks are getting clobbered after Britain's vote to leave the European Union threw global markets into turmoil and after Europe's banks plunged. Citigroup and Bank of America are down nearly 8% in pre-market trading; Goldman Sachs is off about 7% and JPMorgan Chase and Wells Fargo are both ...
Money Game   |   Fri, 24 Jun 2016 11:51:32

Boris: The clown who could be king?

He is one of the the country's most popular and eccentric politicians and excels when it comes to hosting satirical television shows --but could Boris Johnson become the new Prime Minister of the United Kingdom?
CNN   |   Fri, 24 Jun 2016 11:49:46

Sanders, Trump and the Brexit vote

Ray Suarez and Kasie Hunt join Morning Joe to discuss Donald Trump, Bernie Sanders and the outcome of the Brexit vote.
MSNBC   |   Fri, 24 Jun 2016 11:49:00

Abbreviated pundit roundup: Brexit, Trump visits golf course in Scotland, and more

We begin today's roundup with Joseph Schatz and Ben White at POLITICO on the shock vote in favor of a Brexit: British voters didn't just shock the world and the financial markets by voting to leave the European Union hours ago: They also ignored President Barack Obama, handed Hillary Clinton ...
Daily Kos   |   Fri, 24 Jun 2016 11:33:59

Your Money: Advice as Markets React to Take Some Deep Breaths and Don’t Do a Thing

Stocks worldwide are plunging, but don’t panic. Here are six pieces of advice to help get you through this unstable period.
RON LIEBER / NY Times   |   Fri, 24 Jun 2016 11:32:45

LIVE: Trump speaks from Scotland

Presumptive GOP nominee Donald Trump speaks in Scotland just hours after U.K. voters backed "Brexit" and Prime Minster David Cameron resigned.
MSNBC   |   Fri, 24 Jun 2016 11:21:26

Airbus seeks to reassure on its UK arm

Brexit vote highlights risk company could shift some British operations to continental Europe
FT   |   Fri, 24 Jun 2016 11:20:45

Risers and Fallers, including Randgold Resources, Fresnillo. Dalradian Resources, and Proxama

After the shock Brexit vote all but 13 of FTSE100 constituents are lower on Friday. Here are a selection of big caps and others at around midday on June 24 RISERS Randgold Resources PLC (LON:RRS), up 19.98% to 7,745p as the gold giant benefitted from a rush to the safe ...
Proactive Investors   |   Fri, 24 Jun 2016 11:20:00

Trump says US is having own Brexit moment

There's a parallel between the U.K.'s vote to leave the EU and the current U.S. political climate, Donald Trump said.
CNBC   |   Fri, 24 Jun 2016 11:18:00

The triumph of the tabloids

There is a lot of talk right now about an angry, mainly old working class who used Brexit as a way of kicking back at an establishment that had brought them nothing but grief over the last decade. The Leave campaign managed to channel that into anger at the EU, ...
Mainly Macro   |   Fri, 24 Jun 2016 11:17:00

The remarkable parallels between the Brexit vote and the rise of Donald Trump

Most Americans were only loosely aware of Thursday's vote on a referendum that would allow Britain to formally exit the European Union, a campaign better know by its short-hand name "Brexit." That general lack of interest isn't surprising. A majority of Americans are only loosely aware of what is happening ...
The Fix   |   Fri, 24 Jun 2016 11:16:19

Quote of the Day

"I have a lot of friends living in Germany that have always been very proud Germans, to a level that you wouldn't believe." - Donald Trump, quoted by the Los Angeles Times, commenting on the ramifications of the Brexit vote.
Taegan Goddard   |   Fri, 24 Jun 2016 11:14:46

Trump Hails Brexit Vote

Donald Trump cheered Britain's vote to leave the European Union, Politico reports. Said Trump: "They're angry over borders. They're angry over people coming into the country and taking over, and nobody even knows who they are. They're angry about many, [...]
Taegan Goddard   |   Fri, 24 Jun 2016 11:11:16

Pope says Brexit is 'will of the people'

Papal Flight, June 24 - Pope Francis said Friday the outcome of the British referendum to leave the European Union was "the will expressed by the people". He added on the flight taking him to his visit to Armenia that "this requires a great responsibility from all of us to ...
Gazzetta Del Sud   |   Fri, 24 Jun 2016 11:11:00

Britain in constitutional crisis after Brexit

Pound falls to 30-year low, FTSE 100 down 4.3 per cent, BoE is monitoring developments
FT   |   Fri, 24 Jun 2016 11:08:49

USD/CAD keeps the trade above 1.3000

The greenback keeps the upside bias alive on Friday, lifting USD/CAD through the 1.3000 handle ahead of the US data. USD/CAD focus on 'Brexit', oil,
Pablo Piovano / FX Street   |   Fri, 24 Jun 2016 11:04:56

In pictures

The UK has voted to leave the EU - a process that has come to be known as Brexit. Here are some of the images from a historic day.
BBC   |   Fri, 24 Jun 2016 10:59:02

Brexit: The Crisis Begins

The Brexit vote was a stunning repudiation of neoliberalism and austerity. But what comes next?
Naked Capitalism   |   Fri, 24 Jun 2016 10:54:55

10 things you need to know before the opening bell (SPY, SPX, DJI, IXIC, TLT, TLO, USD, DXY, GBP, JPY, TWLO, JPM)

Good morning on this historic Friday. Here's what you need to know: Brexit wins. Britain voted on Thursday to leave the European Union in a record turnout for a UK poll. The final results showed 51.9% voted to leave the EU versus 48.1% that voted for Britain to stay. The ...
Money Game   |   Fri, 24 Jun 2016 10:47:34

'I need a minute': Panel reacts to Trump...

Donald Trump speaks from Turnberry, Scotland, briefly discussing Brexit before discussing his golf course. The Morning Joe panel responds.
MSNBC   |   Fri, 24 Jun 2016 10:46:24

How foreigners became the convenient scapegoat of the referendum campaign

The Brexit campaign was never really about the EU or even immigration. It was about foreigners. Foreigners became a scapegoat for all the things that are not working properly - including the NHS and in schools. But the government could not have confronted this use of xenophobia, writes Rodney Barker. ...
British Politics and Policy at LSE   |   Fri, 24 Jun 2016 10:43:09

Donald Trump Hails U.K.'s 'Brexit' Vote

Donald Trump Friday hailed the United Kingdom's vote to withdraw from the European Union, saying that Americans will face a similar opportunity in the fall's presidential election to vote to "reject today's rule by the global elite" and for policies "that put our citizens first."
WSJ Washington Wire   |   Fri, 24 Jun 2016 10:34:45

Britons 'took their country back' in Brexit vote: Trump

Donald Trump said Britons had taken back control of their country on Friday, after they voted to leave the European Union.
CNBC   |   Fri, 24 Jun 2016 10:32:00

People don't know why they Brexited

Why did the U.K. Brexit? why? According to Google, a lot of voters aren't really sure.
CNBC   |   Fri, 24 Jun 2016 10:31:00

Trump Hails Brexit as a Great Thing

U.S. Republican presidential candidate Donald Trump, in Scotland to reopen a golf resort on Friday, said Britons "took back control of their country" by voting to leave the European Union. The presumptive Republican nominee, who turned 70 this month, stopped to take a couple of questions from reporters after arriving ...
OANDA   |   Fri, 24 Jun 2016 10:18:54

Trump Applauds Brexit: US Can Reject Rules From 'Global Elites' In November

Donald Trump on Friday morning praised the United Kingdom's decision to leave the European Union, drawing a parallel to the 2016 presidential election in the United States. "The people of the United Kingdom have exercised the sacred right of all free peoples. They have declared their independence from the European ...
TPM   |   Fri, 24 Jun 2016 10:16:02

Donald Trump applauds Brexit vote, says America is next to 're-declare independence'

Donald Trump landed in Scotland on Friday to take care of some golf business, and immediately upon landing, he offered his endorsement of the UK vote to leave the European Union : Just arrived in Scotland. Place is going wild over the vote. They took their country back, just like ...
The Week   |   Fri, 24 Jun 2016 10:15:51

USD/JPY moves back to 103.00, volatility to remain elevated

Following an extreme reaction to the final outcome of the Brexit referendum, the USD/JPY pair has managed to recover over 500-pips from session lows t
Haresh Menghani / FX Street   |   Fri, 24 Jun 2016 10:15:30

Op-Ed Columnist: Chappatte on Britain’s Vote to Leave

Brexit becomes reality.
PATRICK CHAPPATTE / NY Times   |   Fri, 24 Jun 2016 10:14:38

Gibraltar is Spanish!

Foreign minister hails Brexit decision as way to recover the Rock
Rubén Amón / EL PAÍS   |   Fri, 24 Jun 2016 10:10:27

GET UP TO SPEED: The world just changed

While America slept and Asia worked, the shape of Europe changed.
CNN   |   Fri, 24 Jun 2016 10:08:25

'This will have tremendous ripple effects'

Top Talkers: The Morning Joe panel discusses the results of the Brexit vote and the impact it will have in England and beyond.
MSNBC   |   Fri, 24 Jun 2016 10:00:19

Global reaction pours in over 'Brexit' vote

U.K. broadcasters predict Britain voted to leave the 28-nation European Union in a historic referendum.
USA Today   |   Fri, 24 Jun 2016 05:11:01

'Brexit' Expected to Rattle U.S. Economy, Shake Its Influence

Britain's exit from the European Union is expected to jolt the U.S. economy, likely rattling restive equity markets and driving up the value of the dollar. It could also weaken U.S. diplomatic leverage in Europe and upend the corporate strategies of U.S. companies based in London.
WSJ   |   Fri, 24 Jun 2016 04:07:59

What would 'Brexit' mean for you

CNN   |   Fri, 24 Jun 2016 04:04:59

Brexit uncertainty is creating emerging markets opportunities

EM assets have suffered sharp swings amid uncertainty over the Brexit vote, but a leave outcome could shine a new light on the sector.
CNBC   |   Fri, 24 Jun 2016 00:20:00

How the Brexit Referendum Will Foster Uncertainty, Volatility and Risk

photo: Rareclass The UK's EU referendum is too tight to call, which will virtually ensure protracted economic uncertainty, market volatility and political risk. The worst has already happened. On June 23, the UK will have its referendum on the European Union (EU) and the Brits will decide whether they should ...
Dan Steinbock / EconoMonitor   |   Wed, 22 Jun 2016 15:15:02

Brexit News Archive: 25 Jun 2016     |     enquire