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Monthly Archives: June 2018

Bitcoin tumbles 10% after news of South Korea crypto exchange hack

The largest cryptocurrency by market capitalization remains about 50 percent lower for the year so far. Bitcoin three-month performance Source: CoinDesk Other major cryptocurrencies also fell. Ethereum dropped more than 11 percent to near $533, according to CoinDesk. The declines followed a report on Friday from The Wall Street Journal, …

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PlayStation trailers for ‘Last of Us Part II” and ‘Spider-Man’

Christian Petersen | Getty Images Sony Playstation logos are displayed during the Sony Playstation E3 conference at LA Center Studios on June 11, 2018 in Los Angeles, California. Sony unveiled in-depth trailers for some of its upcoming blockbuster PlayStation titles at E3, the biggest gaming conference in the world, as …

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How global markets may react if North Korea summit succeeds…or fails

A successful outcome of U.S. talks with North Korea could give a boost to Chinese stocks and a U.S. exchange-traded fund that tracks them, according to a study looking at financial market reactions to past milestones regarding the rogue nation. A disappointing outcome could hurt European stocks, the study showed. …

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Elon Musk hosts a Boring flamethrower party

Alberto E. Rodriguez | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. Elon Musk handed out the first of the Boring Company’s signature flamethrowers at a party in Hawthorne, California, over the weekend. Lucky purchasers of the Boring-branded flamethrower — officially deemed “Not-a-Flamethrower” for legal reasons, …

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Three options strategies to start the week: June 11

The “Options Action” traders share three options trading strategies to kick off the week. Carter Worth and Mike Khouw like the Homebuilders and Home Depot. Mike Khouw recommends a call spread risk reversal in AT&T. Dan Nathan recommends a call spread in Philip Morris. Trader disclosure: On June 8, 2018, …

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AMD will create ‘stiff competition’ for Intel next year: Analyst

David Paul Morris | Bloomberg | Getty Images Brian Krzanich, chief executive officer of Intel Corp., holds up a 49-qubit superconducting quantum test chip named ‘Tangle Lake’ while speaking during a keynote address at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Monday, Jan. 8, 2018. …

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Full text of the Trump-Kim summit agreement

Saul Loeb | Getty US President Donald Trump holds up a document signed by him and North Korea’s leader Kim Jong Un following a signing ceremony during their historic US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore on June 12, 2018. President Donald Trump and North …

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Businesses capitalize on Trump-Kim summit with impersonators and more

Getty Images A man looks at a promotional poster outside a local eatery, Harmony Nasi Lemak, which offers a special Trump Kim-Chi dish to its menu on June 6, 2018 in Singapore. He even paid tribute to the U.S. leader’s trade posturing, saying that the dish used U.S. beef “to …

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Don’t expect a quick bitcoin rebound from weekend rout: Chart analysts

Bitcoin’s plunge below $7,000 to a two-month low indicates the cryptocurrency will have a difficult time recovering, technical strategists say. “The downtrend that began in early May is still intact and will need to be reversed to signal an improvement for BTC,” Robert Sluymer, technical strategist at Fundstrat Global Advisors, …

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Minister vows to stay in euro, cut debt level

Giulio Napolitano | Bloomberg | Getty Images Giovanni Tria, Italy’s finance minister, attends a swearing in ceremony at the Quirinale Palace in Rome, Italy, on Friday, June 1, 2018. Italy’s government has no intention of leaving the euro and plans to focus on cutting debt levels, looking to boost growth …

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