Crude Oil Price Update – Daily Trend Changes to Up on Trade Through $54.99

U.S. West Texas Intermediate crude oil futures are trading sharply higher late Tuesday after President Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G-20 summit in Japan later this month. “Had a very good telephone conversation with President Xi of China. Later today, traders will get a chance to react to the latest weekly inventories report from the American Petroleum Institute.

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  China says history shows positive outcome from U.S. talks possible

  Reuters
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  The next tariffs on China could ruin the best month for US fireworks sellers

  Quartz

These 22 new vehicles are the highest-quality models of the year, according to J.D. Power

The three Korean automotive brands are producing the highest-quality vehicles in the U.S., according to an influential annual survey by J.D. Power. Genesis, Kia and Hyundai – all part of the same Korean manufacturing group – took the first, second and third slots, respectively, for the second straight year in the J.D. Power Initial Quality Study (IQS). Their electronics performance was especially strong.

• Canada’s Self-Directed Investment Firms at Risk of Losing Millennials, J.D. Power Finds

  Business Wire
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  New-Vehicle Quality Stalls After Four Years of Improvement, J.D. Power Finds

  PR Newswire

‘Avian Incident’ Knocks Out 84% of Massive California Solar Farm

An “avian incident” sparked a fire at one of California's biggest solar farms, affecting 1,200 acres and knocking out 84% of the California Valley Solar Ranch's generating capacity. The June 5 incident didn't damage solar panels at the 250-megawatt power plant, but distribution poles and cables need to be replaced, according a regulatory filing Wednesday from owner Clearway Energy Inc. The company didn't say exactly how the blaze was ignited.

What Wall Street is saying about the 10-year yield dipping below 2%

The stock and bond markets continue to tell very different stories. On Thursday, the 10-year Treasury (^TNX) yield dipped below 2%, to as low as 1.97%, for the first time in almost three years, while the S&P 500 (^GSPC) notched record highs. The divergence between the stock and bond markets was exacerbated by the Federal Reserve's dovish tilt in its statement on Wednesday.

Winnebago Earnings: WGO Stock Recovers After Falling Sales News

It was also below Wall Street's revenue estimate of $564.03 million for the quarter, but that wasn't keeping WGO stock down today. The Winnebago earnings report for its fiscal third quarter of 2019 also includes earnings per share of $1.14. This is better than the company's earnings per share of $1.02 reported in its fiscal third quarter of 2018.

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  Winnebago Industries, Inc. (WGO) Q3 2019 Earnings Call Transcript

  Motley Fool
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  Winnebago's Towable Segment Shows Promise in a Difficult Quarter

  Motley Fool

Sen. Tillis Says Fed Made Mistake in December, Defers to Trump on Powell Demotion

Sen. Thom Tillis, a North Carolina Republican, comments on the outlook for Federal Reserve monetary policy during an interview with Bloomberg's David Westin on "Balance of Power."

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  Wall Street cautious ahead of Fed policy statement

  Reuters
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  No Interest Rate Cuts For Now, But Fed Says Future Cuts Are Possible

  WSJ

Millennials, you've got this all wrong. You need to stop 'saving' for retirement.

All personal finance books harp on why it's critical to save for retirement. Brokerage firms publish studies about how much people are saving for retirement. Okay, I get it: You're putting money aside for the future and letting it accumulate as a reserve, which is the very definition of saving.

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  One Quarter of Workers Are Making This Big 401(k) Mistake

  Motley Fool
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  These 5 Unexpected Costs Could Ruin Your Retirement

  Motley Fool

The Donald Trump administration is posing a severe threat to Indian H-1B aspirants

The US is not happy about India's data localisation plans and is reportedly retaliating by crushing Indians' H-1B dreams. The Donald Trump administration plans to slash the number of H-1B visas that go to Indians, according to a Reuters report. The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening the two countries' row over tariffs and trade.

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  Exclusive: U.S. tells India it is mulling caps on H-1B visas to deter data rules - sources

  Reuters
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  India says in talks with U.S. on H-1B visas, no official word on limits

  Reuters

Slack's stock indicated to open between $33 and $36 per share

Shares of the workplace messaging company were indicated to open at between $33 and $36 per share as of 10:57 a.m. ET Thursday, according to the New York Stock Exchange (NYSE). Wednesday evening, the NYSE set a reference price for Slack at $26.00 per share. The reference price was not an offering price from investors, as would be the case in a traditional initial public offering.

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  Slack’s direct IPO receives $26 per share reference price

  American City Business Journals
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  Slack is a 'very significant' company: IPO ETF manager

  Yahoo Finance

Sex Drug’s FDA Approval Could Spur Turnaround for Amag Pharma Shares

The Food and Drug Administration's decision on the self-injected medicine, Vyleesi, may help ignite shares that have fallen 60% in the past year, Barclays analyst Balaji Prasad wrote earlier this week. Barclays estimates the drug could bring in annual revenue of roughly $150 million by 2030. Shares of small-cap drugmaker Palatin Technologies Inc. will react to the FDA's decision as it is set to receive a $60 million payment upon approval with further milestones and royalties dependent on the drug's commercial success.

CVS Stock Has More Going for It Than Just a 3.69% Dividend Yield

Stocks to Buy for $20 or Less Better synergies with Aetna also contributed favorably to the higher outlook. CVS expects it will exceed its target savings of $750 million in 2020. It found synergies stemming from the elimination of duplication in corporate and operational functions, medical cost savings such as formulary alignment, and purchasing efficiencies.

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  Downtown Tampa's Channel district lands a new CVS store

  American City Business Journals
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  Man 'faked a heart attack' during CVS robbery: Police

  WPVI – Philadelphia

Crude Oil Prices Spike After This Wave Of Escalating Attacks

Crude oil prices jumped Thursday as geopolitical risks reached levels not seen since the 2003 Iraq War, following a string of recent attacks in the Mideast. U.S. Central Command confirmed Thursday that a Northrop Grumman RQ-4A Global Hawk surveillance drone was shot down by Iran Wednesday while operating in international airspace over the Strait of Hormuz. Iran claimed the drone was over Iranian airspace.

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  Trump Says Iran Made ‘Big Mistake’ Shooting Down U.S. Drone

  Bloomberg
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  US drone shot down by Iran, US officials say

  Yahoo View

A court has revealed the sorry state of a Chinese bike-sharing startup once worth $2 billion

A Chinese court has ruled that bike-sharing startup Ofo, once valued at upwards of $2 billion, has no ability to pay its massive debts to either suppliers and users, adding another chapter to a cautionary tale for investors in China's frothy startup sector. Ofo “has basically no assets” (link in Chinese) and therefore cannot repay Tianjin Fuji-Ta Bicycle, a supplier that sued the operator of the bike-share company this year to recover the roughly $36 million it was owed, a court in the city of Tianjin ruled on Monday (June 17). It noted that the company's bank accounts either have a zero balance or are frozen, and that it had no property, cars, or investment assets either, in a verdict first reported by China Securities Journal, part of the state-run Xinhua news group.

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  Harley-Davidson strikes deal to build smaller bike in China

  Reuters
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  The E-Bike That Costs One Cent Less Than a Grand

  Bicycling

6 Stocks Ready to Bounce on a Trade Deal

Now, a different Trump tweet could be the very thing which starts a melt-up in markets in June, because this tweet basically says that a trade deal could be coming soon. Value Stocks to Buy for the Second Half With that in mind, let's take a look at six stocks that are ready to bounce in a big way in the event a trade deal does get struck between the U.S. and China sometime soon. Stocks to Buy for a Trade War Bounce: Alibaba (BABA) If the U.S. and China strike a trade deal in the foreseeable future, one stock that will fly higher is Alibaba (NYSE:BABA).

Goldman slashes Tesla price target by $42 on demand concerns

Earlier this month, Chief Executive Officer Elon Musk told shareholders that Tesla was on track to hit its volume production goal for the year and had "a decent shot at a record quarter on every level". Goldman Sachs analyst David Tamberrino believes although the second quarter has been witnessing a better environment for demand for Tesla's cars, he doesn't think it is sustainable. "While there is potential upside surprise from a faster ramp or pull forward of Model Y ahead of schedule, there is likely cannibalization of current Model X and Model 3 product demand with a crossover variant," Tamberrino wrote in a note.

$12 trillion of negative-yielding bonds are sending a clear message of distress

If reading financial markets is usually as inscrutable as reading tea leaves, bond investors have decided now is the time to send a message in big, bold letters. Investors are rushing to get their hands on the safest assets available, such as government bonds. Investors are anticipating a global shift in monetary policy towards lower interest rates, and loosening of financial conditions.

Adobe Hits Buy Point

Adobe jumped Wednesday, right at the 291.81 buy point. Late Tuesday, the stock reported a 10% earnings per share gain as revenue climbed 25%, both beating Q2 views. But the software maker gave weak Q3 guidance.

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  Costco, AutoZone, Adobe, Oracle and Applied Materials are part of Zacks Earnings Preview

  Zacks
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  Adobe Lightroom arrives in the Mac App Store

  TechCrunch

How to Negotiate a Job Offer

In other words: The payoff for negotiating a job offer could be higher than it's been in years. Right now, the candidate is king,” says Thomas Moran, CEO of staffing and recruiting firm Addison Group. Employers are under pressure to be flexible.

Car dealerships in Delhi wear a deserted look as there’s no end to India’s auto blues

Nitin Kumar, a young automobile salesman in South Delhi's Lajpat Nagar, isn't having the best of days at work. Customer footfall at his showroom, which sells Indian carmaker Mahindra & Mahindra's (M&M) vehicles, has fallen in the recent times. The situation has worsened in the past six months,” Kumar said.

10 ‘Buy-and-Hold’ Stocks to Own Forever

Value Stocks to Buy for the Second Half Here are ten such retirement stocks to buy and hold forever. Bank of America (BAC) Dividend Yield: 2.1% It might seem strange to open the list with Bank of America (NYSE:BAC). After all, we're only a bit more than a decade on from the financial crisis.

Do Not Hope for a Dramatic Comeback in Nio Stock

Nio (NYSE:NIO) continues to fall further into penny-stock status. With a Nio stock price now just hovering above $2.50 per share, shares are cheap. It also has little to do with the fact that I constantly remind traders that so-called Chinese stocks are actually Cayman Islands-based holding companies who represent Chinese firms.

Tesla Analysts Warn on Demand, Profits as Quarter Nears End

The concerns around the demand for Tesla Inc. s cars are resurfacing as the second quarter nears a close, with Goldman Sachs analyst David Tamberrino saying volume estimates for the second half of the year and beyond appear to be high, considering there are now fewer “levers to pull to stoke demand going forward. The analyst said the second quarter may have been a better environment for both demand and deliveries, “but to a level that is likely not sustainable.

Marijuana Stocks: Akerna (KERN) Stock Soars on Nasdaq Debut

Akerna's debut on the Nasdaq doesn't come in the typical way. With the merger complete, the new company now goes under the name Akerna and is using the KERN stock ticker for its shares. While many marijuana stocks are having trouble making it onto the public markets, KERN was able to do so through its unique acquisition.

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  Marijuana tech company backed by early Facebook investor debuts on the Nasdaq

  Yahoo Finance Video
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  Denver cannabis compliance company goes public on Nasdaq

  American City Business Journals

Slack's unique way of going public may be a look into the future: NYSE COO

Slack's direct listing route on the New York Stock Exchange Thursday may become all the rage among well-capitalized tech unicorns that don't want to deal with big, fee-seeking investment banks. It's not for everybody, and it's not going to displace the current IPO. But it's for companies that fit a specific profile, meaning they don't need to necessarily raise capital but they want the other benefits of being a publicly traded company,” New York Stock Exchange Chief Operating Officer John Tuttle explained in an interview Yahoo Finance's The First Trade.

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  Slack to take unusual route to public markets, likely valuing it around $16 billion

  Reuters
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  Workplace chat app Slack readies for $17bn public debut in New York

  The Telegraph

Silver Price Forecast – Silver markets rally again

Silver markets rallied quite significantly during the trading session on Tuesday as we continue to wonder where we are going to go next. After all, the European Central Bank has suggested that the regulators were more than willing to step in and start easing monetary policy yet again. If that's going to be the case, then it's very likely that what we are going to see is precious metals rally.

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  GBP/USD Price Forecast – British pound shows strength

  FX Empire
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  Crude Oil Price Forecast – Crude oil markets levitate ahead of the Federal Reserve

  FX Empire