Former Microsoft CEO Steve Ballmer's has advice for Facebook and Google: Don't make the mistake we did (FB, GOOG, GOOGL, MSFT)

The backlash against Silicon Valley is growing. Steve Ballmer, the former CEO of Microsoft, has some advice for the likes of Facebook and Google: Accept you've screwed up, and work with regulators to fix it. As Silicon Valley battles scandals and increasing regulatory scrutiny, Former Microsoft CEO Steve Ballmer has warned Facebook and Google not to make the same mistake Microsoft did.

Rat Chews Up Nearly $18,000 and Dies in ATM

A rat took up residence in a State Bank of India ATM in the town of Tinsukia, India. The ATM was out of order for days after it stopped dispensing money, according to Reuters. Patrons reported the issue, and when technicians looked into the problem, they found the dead rat and shredded money.

OPEC’s Agreement Sends Oil Prices Soaring

OPEC issued a communique on Friday that called on a return to 100 percent compliance for the group, down from 152 percent in May. The announcement deferred country-specific allocations, likely because they could not agree on the details. The decision likely means that any country with spare capacity will be able to boost production. In practice, Saudi Arabia and Russia will carry the lion’s share.

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  Saudi pledges 'measurable' oil supply boost as OPEC, Russia agree deal

  Reuters India
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  5 things investors need to know about OPEC’s decision to lift oil output

  MarketWatch

How to outlast a job you hate until you can retire

Filling your mind with pleasing images of retirement — what you’ll do, where you’ll reside — can divert attention from the daily grind. Counting the days until retirement gets easier if you’re used to priming your brain to work to your advantage. Joanne Waldman is director of training at Retirement Options, which certifies retirement coaches and offers retirement readiness assessments.

'Fast Money's bitcoin funeral

The "Fast Money" traders break down their past coverage of bitcoin.

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  Bitfinex chief strategy officer departs

  Reuters UK
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  Ripple and monero added to cryptocurrency wallet

  Express.co.uk

Southwest Bumps Into New Trouble Due to Flight 1380 Incident

Southwest Airlines Co. LUV is faced with a new trouble related to the April 17 flight 1380 incident. Per media reports, a group of eight passengers aboard the Southwest flight in April has filed a lawsuit against the carrier in the Supreme Court of New York. The tragic incident in April forced the carrier to make an emergency landing at the Philadelphia International Airport due to an engine failure causing a fan blade to detach.

Paul Tudor Jones: Here's why the 1987 crash was an accident waiting to happen

Legendary hedge fund manager Paul Tudor Jones became famous after predicting the market crash of October 19, 1987, known as “Black Monday” when the Dow Jones dropped more than 22%. “The crash of ’87 was really interesting just because the crash of ’87 probably never would have happened except for, again, the market infrastructure at that point in time,” Jones said in a conversation with Goldman Sachs CEO Lloyd Blankfein as part of the firm’s “Talks at GS” series. Jones, 63, began his career at E.F. Hutton as a commodities trader in the cotton pits in 1976 before transitioning to macro trading and founding his hedge fund, Tudor Investment Corp in 1980.

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  Here’s Why Bitcoin Is Plunging Today

  Motley Fool
• Bitcoin Price Drops to Within $100 of 2018 Low

  Coindesk

General Electric (GE) Secures Order for 50 New Locomotives

General Electric Company’s GE operating segment, GE Transportation, recently secured orders for 50 new locomotives from the Mexican and US rail subsidiaries of Kansas City Southern KSU. Notably, these locomotives are expected to be delivered by GE Transportation

• Dow aims to snap 8-session slump, climbs 150 points, but on track for weekly loss on trade jitters

  MarketWatch
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  Stocks are down, bonds are up. Is it time to switch?

  Orlando Sentinel

EU to respond to any U.S. auto tariff move - report

The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. U.S. President Donald Trump on Friday threatened to impose a 20 percent tariff on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat. "If they decide to raise their import tariffs, we'll have no choice, again, but to react," EU Commission Vice President Jyrki Katainen told French newspaper Le Monde.

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  Donald Trump threatens EU with 20% tariffs on European cars in major escalation of trade war

  The Independent
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  BMW and Audi Dealers Are Bracing for 'Scary,' 'Tragic' Trump Tariffs

  Fortune

Bitcoin Cash, Litecoin and Ripple Daily Analysis – 23/06/18

Bitcoin Cash tumbled 13.9% on Friday, following on from Thursday’s 2.17% fall, to end the day at $750.4, the day’s losses taking Bitcoin Cash into the red for the week. An intraday high $875.3 came at the start of the day, falling short of the first major resistance level at $898.9 and the 23.6% FIB Retracement Level of $1,049 before the market sell-off kicked in, with Bitcoin Cash sliding through the day to an intraday low and new swing lo $720, Bitcoin Cash sliding through the major support levels on the way to sub-$800 levels for the first time since 19th April. At the time of writing, Bitcoin Cash was up 2.71% to $771, the early morning gain coming off the back of a partial recovery late in the day on Friday.

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  Bitcoin Tanks Again and There is Likely to be More to Come

  FX Empire
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  Bitcoin Bulls Get Sent Packing As Regulators Wreak Havoc

  FX Empire

Mueller Seeks to Bar ‘Vindictive’ Defense at Manafort Trial

Special Counsel Robert Mueller asked a judge to bar Paul Manafort from arguing at his upcoming criminal trial that the government’s investigation into his business activities was selective or vindictive. Donald Trump’s former campaign chairman should also be blocked from speculating about Mueller’s motive or saying the Justice Department probed the same activity in 2014 “and simply chose not to pursue it,” the U.S. said in a filing Friday in federal court in Alexandria, Virginia. “The boundaries of the special counsel’s authority are irrelevant to the jury’s consideration of whether the evidence proves the elements of the tax, foreign account, and bank fraud offenses,” the U.S. said in the filing.

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  Manafort’s Lawyers Move to Bar Mentions of Trump at Trial

  The Daily Beast
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  Special counsel seeks to bar vindictive prosecution claim

  KTAR 92.3 Phoenix

What does OPEC's decision mean for gas prices?

Tom Kloza, Oil Price Information Service head of energy analysis, discusses how gas prices will be impacted by OPEC's decision to hike oil output.

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  Baffled by OPEC, Hedge Funds Leave Oil Bets Up in the Air

  Bloomberg
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  Will US Crude Oil Move Sharply Due to OPEC’s Meeting?

  Market Realist

Why Tesla Shorts Are Doomed

Make no mistake about it, the Tesla (TSLA) shorts are going to be covering.  We saw the first wave of shorts cashing in on a recent share price tumble, but what followed was only the start of what could be an epic run. The shorts won’t be helped if Tesla misses sales estimates.  I know that flies in the face of common sense, but the fact is that TSLA has come up short of expectations far more than it has beaten the number. Tesla announces quarterly car sales on or about July 6, 2018 – but the numbers don’t really matter.  To be clear, the numbers kind of matter, but we already know they are pretty good.  They will show solid growth for all models, but that isn’t the story.

Foxconn executive: Make products in the US and sell them to China

Foxconn, which makes electronic devices for Apple and Amazon in China, will open its first U.S. facility in Winsoncin. Foxconn, the world’s largest electronics contract manufacturer and a major Apple (APPL) supplier, defended its $10 billion investment in the U.S. amid the trade dispute between the U.S. and China. “If you want to work around customers, to satisfy [their different needs], or take advantage of [the] consumer electronic markets, there are no other places to go but China and the U.S,” said Louis Woo, special assistant to Foxconn Chairman Terry Gou, at the SelectUSA Investment Summit in National Harbor, Maryland, on Thursday.

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  Apple's top manufacturer says China has 'unreasonable' laws and regulations and its workers should be allowed more overtime (AAPL)

  Business Insider
• Mass-Protest Planned For Donald Trump Foxconn Groundbreaking

  Green Bay, WI Patch

5 Cheap Technology Stocks Amid the Sector’s Weakness

U.S. equities were pressured on Thursday as a Supreme Court decision against technology stocks hit the FAANG group particularly hard. The result is the Dow Jones is poised extend its longest losing streak since the 1970s as the Nasdaq Composite finally shows some of the weakness the rest of the market has been showing for weeks. Value investors are sniffing around, looking for an entry point.

• Dow aims to avoid longest losing streak in 40 years, but trade remains in focus

  MarketWatch
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  Dow snaps 8-session skid, but logs worst weekly fall since March as trade jitters persist

  MarketWatch

GM Announces It Will Build Chevy Blazer in Mexico

The automotive giant is bringing back the Chevrolet Blazer — which it hasn’t manufactured since 2005 — as part of an attempt to create SUVs in all shapes and sizes as Americans desire more personalized vehicles nowadays. The Blazer will be bigger than an Equinox but smaller than a Traverse. The new GM vehicle will not look like the old Blazer as it will instead be modeled after the original Blazer, which is designed to attract a younger audience.

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  What Happens If Jusuf Nurkic Takes the Qualifying Offer?

  Blazer's Edge
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  Blazers Add Archie Goodwin to Summer League Roster

  Blazer's Edge

3 Casino Stocks to Buy Now

Perhaps it is because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it is because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it is clear that gambling

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  Here's Why You Should Buy Northern Oil Stock

  Zacks
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  Why Is Lowe's (LOW) Up 4% Since Its Last Earnings Report?

  Zacks

UPS Signs 5-Year Tentative Labor Deal: What Lies Ahead?

United Parcel Service, Inc. UPS received encouraging news on the labor front when the company inked a tentative deal with the International Brotherhood of Teamsters — a labor union in the United States and Canada. Notably, this provisional agreement with the teamsters union pertains to the wages and other benefits of multiple employees (mostly package handlers and drivers) in Louisville.

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  UPS avoids massive worker strike after inking new union deal

  CNBC.com
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  Disney Teamsters union committed unfair labor practice, NLRB rules

  Orlando Sentinel