The Traderszone Network

Richemont Chairman Johann Rupert invited LVMH Moet Hennessy Louis Vuitton SE and Gucci owner Kering SA to join in an attempt to build a luxury retail website that can compete with the world’s largest online vendors. The South African billionaire, who controls the Swiss company and its 20 brands, said he’s spoken to LVMH Chairman Bernard Arnault and Kering about them joining the Yoox Net-a-Porter platform. “We’re not big enough,” Rupert said in a speech at the Financial Times Business of Luxury Summit in Monaco Monday.

Apple’s WWDC does more in terms of publicity since share prices tend to fall during these events, USA Today reports.

Robert Prechter, the foremost authority on Elliott Wave and socionomic theory, is warning that the stock market is at high risk of a sharp collapse.
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Friday’s employment report was stuffed with good news, especially for women, who nabbed the lion’s share of jobs growth in May.
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These 5 charts might help unravel the mystery of Elliott Wave theory.
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Submitted by Arthur Berman via OilPrice.com,

Following OPEC’s decision not to cut production at its June 5, 2015 meeting in Vienna, oil prices should likely continue their descent that began in early May (Figure 1). Prices may fall into the $50+ per barrel range since there is no tangible reason for their rise from January’s $46 low.

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Apple is setting up a high-speed network and upgrading data centers, to compete with Amazon.com, Google, and Microsoft, Bloomberg reported.