Oil is in the crosshairs as the prospect of confrontation brews between the U.S. and Iran.At least, that’s how Iranian officials would have it.

The daily stochastic readings made a bullish crossover on June 4 and this could indicate better days in the weeks ahead. The Tickeron Trend Prediction Engine generated a bullish signal for Twitter on June 3.Previous signals on Twitter have been successful 78% of the time. Looking at the fundamentals for Twitter, the company has performed extremely well in recent years.

With the selling that has hit the market over the last month, most of the select sector SPDR ETFs have moved below their 52-week moving averages.We see on the daily chart that the stochastic readings reached oversold territory and made a bullish crossover on June 3.

China’s market regulator has fined Ford Motor’s joint venture with Changan Automobile Group for $23.55 million (162.8 million yuan), equivalent to 4% of the joint venture’s sales, for violating anti-monopoly law. According to the State Administration for Market Regulation, the joint venture called the 'Changan Ford' had set a minimum resale price for its cars in the Chinese municipality of Chongqing since 2013, in breach of the law.The joint venture did not provide evidence of compliance with the country’s anti-monopoly law during the investigating. The State Administration for Market Regulation alleged that Ford Changan’s actions infringed upon the autonomy of the downstream dealers to decide their pricing, restricted their competition with the brand, and also damaged fair competition in the market and consumers’ legal interests. The regulator’s move comes as Ford has been struggling to revive sales in China — the second biggest market globally for the Dearborn, Michigan

The agreement also has the provision to let joint users log into services from either company with a single username, so as to get tech support from either company. This move is also consistent with both companies’ aim of moving computing tasks currently handled in their own data centers to cloud providers.Previously, Microsoft has had a deal with German software maker SAP SE and Adobe Inc. to make their services work better together. According to Microsoft’s cloud chief Scott Guthrie, with Oracle’s enterprise expertise, "this alliance is a natural choice for Microsoft, as it is expected to help our joint customers accelerate the migration of enterprise applications and databases to the public cloud.

Google has appealed the $1.7 billion fine levied by the European Commission for stifling competition in the online advertising industry. This appeal came in response to a previous fine slapped on Google by the executive arm of the European Union over antitrust issues.The EU accuses Google of restricting online search advertisements from competitors, which was deemed illegal under the bloc’s antitrust rules. Previously in 2017, the EU charged Google with two similar fines worth nearly $8 billion for practicing anti-competitive practices with its Android devices and comparison-shopping service. Google is also currently facing increasing regulatory pressures from the U.S. Justice Department, which is reportedly planning an antitrust investigation into Google, related to business practices in its search and other businesses. Shares of Google’s parent company Alphabet plunged nearly 5% after the news first broke in the Wall Street Journal.

The canned soup maker also bumped up its full-year profit guidance. Earnings for the quarter came in at 56 cents per share, exceeding analysts’ estimates of 47 cents.Quarterly sales surged +12% to $2.39 billion, compared to estimates of $2.35 billion. For the full year, Campbell projects that its adjusted profit would range between $2.50 and $2.55 per share, compared with prior forecast of $2.45 and $2.53. Apparently trying to bulk up its snacks business, Campbell Soup acquired snacks maker Snyder’s Lance for $4.87 billion last year.

Guidewire Software plunged  more than -6%  Wednesday, after posting weaker-than-expected fiscal fourth-quarter guidance. For the latest quarter, the software company reported adjusted earnings of 18 cents per share, beating Wall Street consensus estimates of 8 cents per share.Its revenue of $162.9 million, also came in higher than analysts’ estimates of $155.2 million. However, the company’s fiscal fourth quarter outlook turned out to be much lower than what analysts’ expected.

Pour one out for your high school mix tapes: Apple announced Monday at its annual Worldwide Developers Conference (WWDC) that it’s shutting down iTunes, its 18-year-old digital media software.In its place, Mac users will have three individual, dedicated apps for music, podcasts and TV, similar to the current iPhone setup.

U.S.-China tariffs, that have been both implemented and proposed, could cut global economic output by 0.5% in 2020, the International Monetary Fund (IMF) warned Wednesday. Christine Lagarde, the IMF’s managing director, said in a briefing note for G-20 finance ministers and central bank governors that taxing all trade between the world’s two largest economies would cause some $455 billion in gross domestic product to evaporate.This would be a loss larger than South Africa’s economy, it said.

Google has appealed a $1.7 billion fine from the European Commission for stifling competition in the online advertising industry, the company said Wednesday.

TiVo Corp TIVO 0.13% shares are trading higher after the company confirmed Tuesday evening it won an International Trade Commission patent case against Comcast Corporation CMCSA.

GameStop shares plunged nearly 30% in premarket trading Wednesday after the retailer announced it would eliminate its dividend as video game sales continue to decline and put pressure on its business.

The International Monetary Fund trimmed its forecasts for economic growth in China, and said the trade war with the U.S. is tilting the balance of risks to the downside.

Republican senators are preparing for confrontation with President Trump, after he threatened tariffs on all goods coming into the U.S. from Mexico.Trump said Republicans would be "foolish" to try and oppose his tariffs. The split and potential standoff over 5% tariffs -- set to begin next week and ratchet up 5% through October -- on all goods imported from Mexico reveals some of the cracks between Trump and his party. Senate Majority Leader Mitch McConnell said, "There is not much support in my conference for tariffs, that's for sure.

Oil prices continue to drop with an unexpected gain in U.S. inventories. U.S. crude inventories rose unexpectedly last week, while gasoline and distillate stockpiles built-up more than expected, data from the American Petroleum Institute showed on Tuesday.  Crude stocks rose by 3.5 million barrels in the week to May 31 to 478 million barrels, compared with analysts’ expectations for a decrease of 849,000 barrels.Crude oil prices are now flirting into bear market territory. 

The International Monetary Fund (IMF) on Wednesday cut its 2019 economic growth forecast for China to 6.2% on heightened uncertainty around trade frictions, saying that more monetary policy easing would be warranted if the Sino-U.S. trade war escalates.

Tiffany & Co. beat earnings estimates for the first quarter, but took a beating on same-store sales. For the three months ending April, the luxury jewellery company’s earnings came in at $1.03 per share, surpassing analysts’ estimates by 2 cents.The company’s total revenue fell -3% to $1 billion – a level lower than what analysts expected. Looking ahead, Tiffany projects 2019 earnings per share to increase by a "low single digit" percentage from last year, thereby lowering its forecast from a prior estimate of a "mid single digit" advance.

Looking at the weekly chart we see how the stock moved sharply higher in the last month but… Read More… —————————————————————————————— Can Starbucks continue its upward trend? Starbucks (Nasdaq: SBUX) has been on an incredible run since last June with the stock jumping almost 72% from the low to the high.

The order is likely to include conditions to protect competition and allow for government oversight of the venture. Earlier in 2016 during the Obama administration, the same application intended to cover U.S, Australia, and New Zealand was rejected over opposition from rival carriers like Hawaiian Airlines Inc and JetBlue Airways Corp (JBLU). But this time the airlines have made a compelling case that included strong arguments in favor of coordination of price and schedules and unlocking of up to $310 million annually in consumer benefits.The application even threatened to cancel services, between Sydney and Dallas for Qantas and Los Angeles, Sydney and Auckland for American Airlines, if it was rejected. The revised application also factored in the code sharing facility with other carriers, a process in which multiple publish and advertise a single flight under their own airline number.