InvestorPlace•9 hours ago5 Top Stock Trades for Monday Morning
Stocks eked out gains ahead of the G-7 summit in Canada, something many investors were and likely still are worried about. Further trade rifts over the weekend could shake up the markets this week, while a lack of trade worries could green light a further
- Bloomberg•19 hours ago
Cryptocurrencies Lose $46 Billion After South Korean Bourse Hack
A cryptocurrency exchange hack in South Korea jolted holders of digital assets, fueling a $46 billion rout and extending this year’s Bitcoin slump to more than 50 percent. The hack brought an abrupt end to two weeks of calm for the biggest virtual currency and reignited concerns about the security of lightly regulated crypto exchanges. The venues have come under growing scrutiny in South Korea, the U.S. and other large economies in recent months amid a range of issues including thefts, market manipulation and money laundering.
- TheStreet.com•17 hours ago
Retirees Should Avoid These 7 Stocks
Retirees, beware. These are the stocks that anyone in, or going into, retirement should avoid according to experts. Tesla Tesla Inc. is a fan favorite of Elon Musk devotees, but it may be too volatile for retirees. So much potential, but not
- InvestorPlace•2 days ago
Buckle Up for the Impending AT&T-Time Warner Merger Decision
For better or worse, the saga of the intended merger of AT&T Inc. (NYSE:T) and Time Warner Inc (NYSE:TWX) is about to end … probably. Although the outcome of the court case in question could be appealed by whichever side loses, the process of getting to AT&T-Time Warner merger ruling due on (or around) Tuesday, June 12, has been even more grueling than usual for an antitrust case. AT&T could make it difficult for other media distributors to purchase Time Warner-made content.
Reuters•2 hours agoOil mixed as rising U.S., Russia supplies weigh while strong demand provides support
Oil prices were mixed on Monday, caught between the downward pull of rising Russian production and U.S. oil drilling activity at its highest since 2015, and upward pressure from strong demand, especially in Asia. Brent crude futures , the international benchmark for oil prices, were at $76.50 per barrel at 0215 GMT, up 4 cents from their last close. Prices were weighed down by another rise in the number of rigs drilling for new oil production in the United States, which crept up by one to reach its highest level since March, 2015 at 862, according to energy services firm Baker Hughes on Friday.
- TheStreet.com•17 hours ago
3 Great Stocks for Retirees to Own
Investors and financial planners both suggest that dividend stocks can be a great source of income for those looking to supplement their retirement savings. The blue-chip stock's staying power and brand recognition should be viewed favorably by retiree investors, says Robert Johnson, principal at the Fed Policy Investment Research Group. Demand for Johnson & Johnson's products remains fairly consistent, providing a more stable investment in the event of a stock market decline, Johnson thinks.
- The Wall Street Journal•4 hours ago
America’s Boxcar Pool Has a Leak in CSX
The move has put added strain on the shrinking fleet of boxcars in the U.S. and added costs and complexity for some large shippers, industry executives say. At International Paper Co.’s Savannah, Ga., plant, which produces rolls of containerboard used to make boxes, the paper giant spends extra time separating CSX boxcars from those of other companies that can still be shared. “This adds additional complexity and inefficiency to our system,” said Fred Towler, a supply-chain vice president at International Paper.
- Morningstar•2 days ago
The Week Ahead: Fed Expected to Raise Interest Rates
The Fed chair's press conference will be closely watched. Plus, inflation, industrial production, and retail sales data.
- TheStreet.com•yesterday
Three Attractive MLPs for Income Investors
The vast majority of master limited partnerships are concentrated in the energy space, specifically midstream energy (pipelines). There are three undervalued MLPs that look attractive today. Buckeye Partners is an energy MLP that owns and operates a diversified network of midstream assets.
Reuters•3 hours agoSouthwest Airlines shares could recover from recent descent: Barron's
Southwest Airlines Co shares could be poised to climb sharply after a series of setbacks hit the stock harder than that of other major airlines this year, Barron's reports. The shares began their descent in January and the decline continued after a passenger died when an engine broke apart during a flight in April. Fewer people are now booking on the Dallas-based carrier, a slowdown Southwest said stemmed mainly from its own reduction in advertising after the tragedy, the first U.S. airline death since 2009, Barron's said.
- Fortune•14 hours ago
Bitcoin Tumbles Most in 2 Weeks Amid South Korea Exchange Hack
Bitcoin extended losses for a third day, tumbling as much as 6 percent Sunday as South Korean cryptocurrency exchange Coinrail said there was a “cyber intrusion” in its system. The largest cryptocurrency declined 5.1 percent to $7,242 as of 5:28pm Hong
- InvestorPlace•19 hours ago
Is Mr. Wonderful’s Global Internet Giants ETF Worth Your Time?
Love him, hate him, or something in between, you can’t deny that Kevin O’Leary is always entertaining. A technology and e-commerce-focused fund, the O’Leary-sponsored Internet Giants ETF debuted in the markets on Tuesday.
- MarketWatch•2 days ago
‘Something lurking out there’ — maybe the North Korea summit — will upset the stock market, says Blackstone’s Wien
Blackstone’s Byron Wien says investors enjoying a recent rally in the stock market shouldn’t get too comfortable, even if the Wall Street veteran is optimistic about the domestic economy over the next two or three years. Maybe the upcoming North Korea summit,” Wien said during a CNBC interview with anchor Carl Quintanilla Thursday morning.
- Bloomberg•20 hours ago
Amazon Blasted Over China Echo Factory Conditions
A watchdog group is calling on Amazon.com Inc. to improve conditions for factory workers in China who make Echo speakers and Kindle e-readers, renewing criticisms that CEO Jeff Bezos became the world’s wealthiest man on the backs of low-paid laborers. The New York-based China Labor Watch released a report at the weekend following a nine-month investigation of working conditions at a factory in the city of Hengyang owned by Hon Hai Precision Industry Co., the company known as Foxconn, which manufactures products for Amazon. It offers the first behind-the-scenes glimpse of how Amazon produces voice-activated speakers that cost as little as $40.
- Morningstar•2 days ago
Retirement Planning for Singles Can Be Tough but Fun
Nancy Coutu says there are challenges for those without a spouse to contribute, but planning can be simpler.
- TheStreet.com•17 hours ago
After Workers Revolt, Google Backs Off AI for Weapons
Once upon a time, a job at Google was the dream of every starry-eyed techie looking to make big bucks and not be evil in the process. Some 17 years after minting its now-infamous 'Don't be evil' motto, some engineers are shunning the tech giant for its Maven project, a collaboration with the Department of Defense (DOD) to provide artificial intelligence for analyzing drone footage. Now, Google is backing away from military deals and alienating sought-after talent.
Business Insider•2 days agoA small startup is developing a tool to make money from 'insane' cryptocurrency spreads — and hedge funds are interested
Cryptocurrencies can have price differences of up to 5% across different exchanges, making them ripe for arbitrage. US startup Arbitraj has developed price comparison tools and is working on a trading tool to take advantage of the spreads. Cofounder Jason Flack says hedge funds have approached him about using the tools.
- Zacks•2 days ago
Comparing the Insane Growth of Amazon and Facebook Stock
Amazon AMZN and Facebook FB are two of the biggest companies in the world, growing massively over the last several years. Amazon changed the way millions of consumers shop, while Facebook impacted how billions of people consume information and interact with friends and family. Facebook went public in May 2012, while Amazon had its IPO all the way back in 1997.
- CNBC•yesterday
Dollar rally isn't broken, but BofA says more pain could be lurking
Bank of America Merrill Lynch believes the dollar rally isn't broken, it's just pausing for a near-term correction. According to the firm's chief global technical strategist, the charts are suggesting the bullish run is far from over.
Business Insider•yesterdayA secretive Chicago trading firm is planning to move bitcoin trading out of chatrooms and into the 21st century
Jump Trading, a Chicago-based firm, has built an OTC platform for electronic bitcoin trading, according to people familiar with the matter. Its graphical user interface allows it to trade with counterparties electronically in a way that leaves a clear audit trail and records, rather than via phones or Skype. For the most part, trading firms are making multimillion-dollar crypto trades over the phone, not electronically.
- FX Empire•2 days ago
Bitcoin has quiet yet negative week
Bitcoin also fell against the Japanese yen as you would expect, and we are approaching an attempt to the ¥800,000 level, and then perhaps the ¥700,000 level underneath there as it is an area that has been very supportive and important in the past.
- TheStreet.com•17 hours ago
Trump Trade Stuck in Mid-Winter as Volatile President Sends Mixed Signals
Sell in May and go away, is a piece of investment advice sometimes heard. This year, make that January. The Dow Jones Industrial Average closed Friday at 25,316,53, up about 2.7% for the week and the second week in four that it's posted gains. That
- FX Empire•18 hours ago
Oil Price Fundamental Weekly Forecast – Two-Sided Movement Until OPEC Decision on June 22
U.S. West Texas Intermediate and international-benchmark Brent crude oil closed lower in a relatively uneventful week. The news was essentially bullish, but not enough to change investor sentiment that is being primarily driven by fears of increased production from OPEC and its allies. July West Texas Intermediate crude oil settled at $65.74, down $0.21 or -0.32% and August Brent crude oil finished the week at $76.46, down $0.86 or -1.12%.
Reuters•3 hours agoSouth Korean exchange Coinrail says hit by hackers, bitcoin slides
South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, prompting an extended sell-off of bitcoin to a 2-month low amid growing concerns about security at small- to mid-sized virtual currency exchanges. In a statement on its website on Monday, Coinrail said its system was under "cyber intrusion," causing a loss for about 30 percent of the coins traded on the exchange. The statement also said the exchange is fully cooperating with a police investigation into the hacking, and that trading has been suspended for now.
Reuters•6 hours agoRights group hits Amazon, Foxconn over China labor conditions
A U.S. watchdog group criticized Amazon.com Inc (AMZN.O) and contract manufacturer Foxconn over what it described as harsh working conditions at a plant in China that makes the retail giant's Echo Dot smart speaker and Kindle e-reader. The 94-page report by New York-based China Labor Watch cited excessive hours, low wages, inadequate training and an overreliance on "dispatch" or temporary workers in violation of Chinese law at the Hengyang Foxconn plant in Hunan province.
