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.

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.

'Fast Money's bitcoin funeral

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

• Mt Gox to Enter Civil Rehabilitation in Major Win for Creditors

  Coindesk
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  $1 Billion Bitcoins Lost in Mt. Gox Hack to Be Returned to Victims

  Fortune

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.

General Electric (GE) Secures Order for 50 New Locomotives

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

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.

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
• Foxconn chairman Terry Gou sees biggest challenge in US-China trade war

  Business Standard

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

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

Oil prices soar following OPEC meeting

Jim Iuorio, TJM Institutional Services managing director, and Bob Iaccino, Path Trading Partners chief market strategist, discuss why crude prices are soaring following OPEC's decision to hike oil production.

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  OPEC ministers strike deal to boost oil production levels by 1 million barrels per day

  USA Today
• OPEC moves towards raising oil supply as Iran softens stance

  Business Standard India

Should You Buy Caterpillar (CAT) Stock Right Now?

Shares of Caterpillar CAT closed up marginally on Friday, ending a streak of nearly two straight weeks of losses on the back of heightened trade war tensions between the U.S. and China. With that said, now might be the time for investors to consider buying Caterpillar stock based on its currently stellar valuation picture and strong growth prospects. Caterpillar has been one of the Dow’s worst performers during its recent downbeat stretch, which stands in stark contrast to its standing over the last few years.

Trump greets EU trade reprisals with threat of steep auto tariff

President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. Trump posted his threat on Twitter the day European Union reprisals took effect against U.S. tariffs on European steel and aluminum. The EU targeted $3.2 billion in American goods exported to the 28-member bloc.

• UPDATE 1-Trump threatens 20 percent tariff on European Union cars

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

  The Independent

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

The Zacks Analyst Blog Highlights: Micron, NVIDIA, Texas Instruments, Diodes and Silicon Laboratories

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Micron Technology, Inc. MU, NVIDIA Corp. NVDA, Texas Instruments Inc. TXN, Diodes Inc. DIOD and Silicon Laboratories Inc. SLAB. Micron Technology, Inc. reported stellar sales and profits in the fiscal third-quarter 2018, fueled by high demand for chips that store data in mobile devices and components.

• Rosenblatt Securities Raises Micron Technology (MU) Price Target to $120.00

  The Cerbat Gem
• Cognizant to Present at the Berenberg Blockchain Conference USA 2018

  barrons.com

Top Research Reports for Procter & Gamble, AbbVie & IBM

Friday June 22, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Procter & Gamble (PG), AbbVie (ABBV) and IBM (IBM). These research reports

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.

• UPS, Teamsters Shake Hands on 5-Year Contract

  247wallst.com
• UPS reaches handshake agreement with Teamsters on new national master agreement

  MarketWatch

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.