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Dow Ignores Trump’s Threat to Slam China With Double Tariffs

By CCN Markets: The Dow Jones Industrial Average traded flat on Monday, despite ominous trade warnings from the White House over the weekend. In an interview with ABC News on Sunday night, Trump said he was ready to go all in on tariffs in a bid to twist China’s arm. The president threatened to double the value of Chinese goods subject to tariffs from $250 billion to over half-a-trillion. “We have … right now, we’re getting 25 percent on $250 billion. And in the end, we’re going to get probably…

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Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch

By CCN Markets: Elon Musk is bringing the FOMO, or Fear of Missing Out. The Tesla CEO tweeted out a reminder that federal tax credits for buying a Tesla will drop by half on July 1. He pointed out in another tweet that EV buyers in California will still have the Golden State’s $2,500 tax credit. US tax credit of $3750 drops in half for Tesla on July 1. Order online in a few mins at https://t.co/46TXqRrsdr. Return in 7 days for full refund. — Elon Musk (@elonmusk) June 14,…

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GlobalCoin Among Facebook’s ‘Most Important’ Launches, Squeals Banker

By CCN Markets: Analysts at Royal Bank of Canada (RBC) Capital Markets predict that Facebook’s upcoming cryptocurrency, GlobalCoin, could be the company’s most significant achievement yet. In a message to investors, RBC managing director Mark Mahaney writes: “We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams.” He goes on to say that himself and the rest of the RBC team suspect that Facebook will integrate GlobalCoin into payments, e-commerce, apps, and gaming. With…

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Morgan Stanley Opinion U.S. Business News 

Morgan Stanley Cries Wolf on ‘June Gloom’ Economic Recession Flare

By CCN Markets:  Morgan Stanley economist Ellen Zentner told clients today that June may be a rough month in the economy, going so far as to suggest “June Gloom” is looming. This comes on top of a similar warning two weeks ago from the very same Wall Street firm. The latest research note reportedly states: “The decline shows a sharp deterioration in sentiment this month that was broad-based across sectors.” Zentner is often solid on many things. On the most recent note, however, she’s off base. Morgan Stanley is relying on…

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

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Altcoin News Crypto facebook GlobalCoin Mark Zuckerberg Stablecoins U.S. Business News 

Facebook’s Cryptocurrency Will Pay Interest to Users: Blockchain Regulator

By CCN Markets: Facebook’s GlobalCoin cryptocurrency will likely pay interest to its users. That’s the prediction of Wyoming Blockchain regulator and crypto champion Caitlin Long. The social media company is gearing up to announce its much-hyped cryptocurrency this month, but very little is still known about the project, known internally as Project Libra. On Sunday, Long shared some predictions about how the cryptocurrency might work and how it will impact the crypto industry. “Facebook will pay interest to users of its cryptocurrency, which will eventually lead to populist calls to repeal…

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Dem Hopeful Andrew Yang Slams Amazon in Viral Maher Clip

By CCN Markets: Democratic presidential candidate Andrew Yang appeared on the Bill Maher show over the weekend. He discussed his Universal Basic Income (UBI) plan in detail, suggesting that big tech companies including Amazon could foot the bill. The clip is taking off, with more than 300,000 YouTube views already: Yang has been promoting giving Americans money by taxing big tech companies. With the Department of Justice launching antitrust actions against Google and other tech titans, Yang’s platform looks increasingly relevant to investors as bipartisan support for a tech crackdown builds….

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AT&T bitcoin bitpay Crypto Exclusive Sonny Singh U.S. Business News 

The Inside Scoop on Why AT&T Pulled the Trigger on Bitcoin

By CCN: When AT&T became the first major mobile provider to accept bitcoin for bill payments through the AT&T website and the myAT&T mobile app, 150 million AT&T customers received the opportunity to pay their cell phone bill using cryptocurrency. “Whenever a Fortune 500 company accepts bitcoin, it’s always pretty interesting, because they don’t need the revenue,” says BitPay Chief Commercial Officer Sonny Singh, speaking to CCN. “And, the big brands are a little more conservative, while bitcoin is a newer payment option. You would think the cooler companies would…

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Walmart In-Home Delivery a Security Threat and Amazon Knock-Off

By CCN: For a company that can’t even employ staff members capable enough to direct shoppers to the right aisle, Walmart is taking an enormous gamble asking customers to trust them to enter their homes. But that’s exactly what the Bentonville, Ark. behemoth is planning to do in a bid to take on Amazon in the burgeoning home-delivery market. It is pure madness. But will it work? Anyone Want Walmart Employees in Your Home? Walmart is going to launch refrigerator deliveries in Kansas City, Missouri, Pittsburgh, and Vero Beach, Fla….

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bitcoin Crypto Jeff Bezos Opinion U.S. Business News Uber 

Forget Overhyped Billion-Dollar Tech Unicorns, Bitcoin Is the Best Startup Ever

By CCN: 2019 has been the year of the hot tech IPO. Already, Uber, Lyft, Pinterest, and Beyond Meat have headlined the group of new companies coming to market. That’s not all. WeWork, AirBnb, and Slack are among other hot tech companies that are rumored to be listing their shares later this year. Some of the world’s most innovative tech companies were finally an investible proposition for young investors. But there’s a dark side to this tech bonanza. Insiders are cashing out with huge profits while dumping risky, high-priced stock…

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