Hillary Clinton Wins California, Bolstering Claim to Nomination [NYT]
Hillary Clinton claimed the Democratic presidential nomination on Tuesday night after decisive victories in the California, New Jersey and New Mexico primaries, and she quickly appealed to supporters of Senator Bernie Sanders of Vermont to unite with her against Donald J. Trump.
The Associated Press reported early Wednesday that Mrs. Clinton had won California, but Mr. Sanders gave no indication that he would yield, insisting earlier that he would continue his campaign and barely acknowledging her achievement.
World Bank Cuts Global-Growth Outlook [WSJ]
The global economy is increasingly vulnerable to a sharp slowdown as troubles in emerging markets mount and as advanced economies struggle to grow, the World Bank warned Tuesday.
The bank’s latest projection pegs global growth at 2.4%, down from the 2.9% forecast in January and slower than last year’s weak pace. The bank also cut its forecast for growth in 2017 to 2.8% from 3.1%.
Brexit Contagion Is Spreading Across the EU, Pew Study Finds [Bloomberg]
Opposition to the European Union is growing across the bloc, suggesting that anti-EU sentiment extends much further than traditionally skeptical Britain.
As the U.K. gears up for a referendum on whether to remain in the club of nations it joined in 1973, a survey of more than 10,000 people across Europe showed that voters from Italy and Poland to Greece and Sweden have lost faith in the EU. People in France -- one of the six founding countries -- now see the bloc less favorably even than those in the U.K., as the euro-area debt crisis and refugee influx take their toll
Man drowns while scuba diving for golf balls [AP]
Authorities have identified an Ohio man who drowned while diving for golf balls in a pond at a country club.
Authorities say 63-year-old Charles Hill was diving in full scuba gear on Tuesday at the Dogwood Hills Golf Course near the village of Waverly, in the southern part of the state.
Lone Wolf Saved by Soros Trounces Peers With $1 Billion Fund [Bloomberg]
In the early 1980s, Hideo Shiozumi walked out of his job as a fund manager and was planning to open a Japanese restaurant, when he got a call from George Soros.
It would change his life. The hedge fund manager, who he’d never even heard of, flew him to New York for an interview and persuaded him to pick stocks for the Quantum Fund. These days, Shiozumi is a one-man band running $1 billion and is beating his peers over pretty much any timeframe. His Japanese equity fund returned more than 400 percent since 1996, versus a 15 percent drop in the market, and he’s topping 98 percent of competitors in 2016.
Wall Street opens slightly higher on oil rally [Reuters]
U.S. stocks opened slightly higher on Wednesday as energy stocks continued to benefit from higher oil prices.
The Dow Jones Industrial Average .DJI was up 22.6 points, or 0.13 percent, at 17,960.88.
The S&P 500 .SPX was up 2.29 points, or 0.11 percent, at 2,114.42.
The Nasdaq composite .IXIC was up 8.25 points, or 0.17 percent, at 4,970.00.
Did Babe Ruth Invent the Dick Pic? [HP]
There’s no question Babe Ruth had a mighty staff. The Sultan of Swat hit a then record 714 home runs in forging his legend. Now a photo on the auction block winks at his assets with what appears to be a playfully risque pose by the Yankee Hall of Famer.