5 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

Cryptocurrencies Lose $42 Billion After South Korean Bourse Hack

The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year’s slump in Bitcoin to more than 50 percent. Some observers pinned the retreat on an exchange hack in South Korea, while others pointed to lingering concerns over a clampdown on trading platforms in China. Cryptocurrency venues have come under growing scrutiny around the world in recent months amid a range of issues including thefts, market manipulation and money laundering.

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  Netflix ‘Explained’ Falsely Claims Bitcoin is Mostly Spent on Illegal Services

  CCN
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  Bitcoin tumbles as hackers hit South Korean exchange Coinrail

  Reuters

Asia's Bond Bankers Forced to Dial Back Projections

Jun.10 -- Asia’s bond bankers started the year expecting record business to keep booming. Six months in, a confluence of factors is forcing them to dial back those projections. Bloomberg's Carrie Hong reports on "Bloomberg Markets: Asia."

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.

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  AT&T Judge Could Clear Time Warner Deal With 'No Blackout' Fix

  Bloomberg
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  Blockbuster antitrust trial impact to go beyond AT&T, Time Warner

  AFP

Southwest 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.

Oil prices slip as U.S. and Russian supplies grow

Oil prices slipped on Monday, pulled down by rising Russian production and as U.S. drilling activity rose to its highest in more than three years. Analysts expect higher U.S. output to offset supply curbs by the Organization of the Petroleum Exporting Countries, which have been in place for 18 months and have pushed up prices significantly over the last year. U.S. light crude was 25 cents lower at $65.49.

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  Russia's Gazprom Neft readies for oil output hike as global deal...

  Reuters UK
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  UPDATE 1-Oil mixed as rising US, Russia supplies weigh while strong...

  Reuters India

Stocks rise despite G7 clash; Italy helps euro

By Saikat Chatterjee LONDON (Reuters) - European stocks edged higher on Monday, shrugging off the weekend's fractious G7 meeting as investors looked forward to an event-packed week while receding tensions in Italy nudged the euro towards a recent three

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  Denuclearizing North Korea: Easier Said Than Done

  NPR.org
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  Capital Link's McGonegal Says Trump Is the Modern-Day Uncertainty

  Bloomberg

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

• Cryptocurrency exchange hack in South Korea robs holders of $46 bn

  Business Standard India
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  Netflix ‘Explained’ Falsely Claims Bitcoin is Mostly Spent on Illegal Services

  CCN

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.

CATL Jumps on Trading Debut

Jun.11 -- Shares in the world's biggest producer of electric vehicle batteries jumped on their trading debut. Bloomberg's Jie Ma reports on "Bloomberg Daybreak: Europe."

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  World’s Biggest Electric-Vehicle Battery Maker Soars on Trading Debut

  Bloomberg
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  China battery maker CATL soars 44 percent in stock market debut

  Reuters India

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.

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  Foxconn says investigating labor conditions at China factory used for Amazon

  Reuters
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  Amazon said it pushed Chinese factory for reforms before report published

  CNN Money

Just Diversify? With Crypto Portfolios, It's Not So Simple

Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. With over 1,560 cryptocurrencies for investors to choose from, the abundance can seem overwhelming. Is it worth diversifying your holdings in order to mitigate risk?

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  Billions in cryptocurrency wealth wiped out after hack

  CNN Money
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  This Japanese Exchange Will Borrow Your Bitcoin for a Yearly Fee

  CCN

A 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.

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  Bitcoin drops more than 10% after South Korean exchange hacked

  MarketWatch
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  Bitcoin Falls Most in Three Months After Korean Exchange Hacked

  Bloomberg

Bitcoin Tumbles After South Korean Exchange Coinrail Hacked

Bitcoin extended losses for a third day, tumbling as much as 12 percent Sunday as South Korean cryptocurrency exchange Coinrail said there was a "cyber intrusion" in its system. Bloomberg's Eric Lam reports on "Bloomberg

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  Billions in cryptocurrency wealth wiped out after hack

  CNN Money
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  This Japanese Exchange Will Borrow Your Bitcoin for a Yearly Fee

  CCN

Bitcoin tumbles as hackers hit S.Korean exchange Coinrail

South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, sparking a steep fall in bitcoin amid renewed concerns about security at virtual currency exchanges as global policy makers struggled to regulate trading in the digital asset. In a statement on its website on Monday, Coinrail said its system was hit by "cyber intrusion" on Sunday, causing a loss for about 30 percent of the coins traded on the exchange. It did not quantify its value, but in an unsourced report local news outlet Yonhap news estimated that about 40 billion won ($37.28 million) worth of virtual coins were stolen.

• Bitcoin at 2-month low after South Korean exchange hacked

  The Charlotte Observer
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  Netflix ‘Explained’ Falsely Claims Bitcoin is Mostly Spent on Illegal Services

  CCN