Dow Plows Toward Triple-Digit Rally As Jackson Hole Unfolds

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Crypto Trading Is the New Wall Street: Kraken Pro Trader: Gerelyn Terzo


By CCN Markets: The crypto market continues to attract former Wall Street traders, and now we know why. Nelson Minier, who is the head of OTC at cryptocurrency exchange Kraken, was featured on Nasdaq TradeTalks as a guest. Minier, who hails from the trading d…

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Feuding Ethereum Siblings Score Pre-Fork Surges as Bitcoin Price Lags: Samantha Chang


By CCN Markets While the bitcoin price languishes this week, ethereum classic is enjoying a spectacular spike ahead of its scheduled September hard fork. And the ethereum price is rising too. As of this writing, the price of ethereum classic (ETC) rocketed 20…

Dow Plows Toward Triple-Digit Rally as Jackson Hole Unfolds: Sam Bourgi


By CCN Markets: The Dow diverged from the broader U.S. stock market on Thursday, as concerns over the economy and monetary policy kept investors on the sidelines. Dow Rallies; S&P 500 Flatlines The U.S. stock market was mixed in late-afternoon trading, mirror…

Left-for-Dead GameStop Scores Investment, Is Not the Next Blockbuster: Aaron Weaver


By CCN Markets: GameStop might not be as hopeless as they’ve looked. On Tuesday, they laid off over 100 workers company-wide, including half of the editorial staff at GameInformer. On Wednesday, the company’s stock surged 18% thanks to one investor’s comments…

Litecoin Dumped Over 50 Percent but a Bounce Is in Sight: Kiril Nikolaev


By CCN Markets: Litecoin’s price action has been less than stellar as of late. After posting a 2019 high of $146 on June 21, the cryptocurrency succumbed to heavy selling pressure. Today, August 22, Litecoin dropped to as low as $70 for a plunge of over 50 pe…

Here's Why Netflix Stock Will Rebound from Ugly 30% Crash: Kiril Nikolaev


By CCN Markets: Netflix stock remains firmly in the limelight - for all the wrong reasons. NFLX shares are down nearly 30 percent from their all-time high, and the stock has plunged more than 22 percent since mid-July following a brutal earnings report. Many …

XFL Is Back but Has No Chance, Despite Unveiling of New Teams: Aaron Weaver


By CCN Markets: The XFL just announced their team names and logos for the upcoming 2020 season. The names all have a tough, battle-ready theme. The Renegades, the Guardians, the BattleHawks; they’re all ready for war. Unfortunately, they are all going to lose…

Dow Jones Clings to Gains Thanks to This Key $200 Billion Stock: Francois Aure


By CCN Markets: The Dow Jones stood resolute amid heavy selling pressure on Thursday after the inversion of the US yield curve once again proved to be a lead weight on the broader US stock market. However, a rally from the DJIA's largest component continues t…

John McAfee Wants You to 'GET A GRIP!' About Bitcoin Price Slump: Francois Aure


By CCN Markets: John McAfee hasn’t been talking about cryptocurrency very much lately, preferring to focus on his political agenda heading into 2020. This changed on Thursday when the mercurial tech provocateur posted a tweet urging his followers to keep thei…

Andrew Yang's Blockchain Voting Scheme Is Unbelievably Dumb: Ryan Smith


By CCN Markets: Andrew Yang wants your vote. And if he gets it, he promises that when you vote for him again in 2024, you'll do it on a smartphone. And that the vote will be recorded on a blockchain. According to the 2020 presidential hopeful's website, Yang …

AI-enabled Sports Betting Platform Allbebet to hold 1st Round of IEO on Coineal: Press Release


Allbebet – a social betting platform that leverages neural networks to predict event results – has announced the first round of its IEO. The token offering will be held on the major crypto exchange Coineal on August 26 and 27, 2019. A total of 1% of Allbebet …

Trump Flirts With Capital Gains Reform - Should Bitcoin Investors Care?: Tedra DeSue


By CCN Markets: President Trump has been bandying about the idea of reforming how capital gains are calculated. What impact, if any, would those changes have on Bitcoin investors? Trump Teases Capital Gains Reform - Or Did He? When you sell stocks, bonds, or …

Stock Market Jerks Lower as Economy Triggers Recession Alarms: Josiah Wilmoth


By CCN Markets: The US stock market jerked lower during mid-morning trading after troubling economic data presaged a recession. Dow, S&P 500, and Nasdaq All Shoot Lower The major US stock market indices all flashed losses heading toward the latter half of the…

Elon Musk Gets Roasted after Half-Baked Tesla Full Self-Driving Fail: Harsh Chauhan


By CCN Markets: Just when it seemed like things are getting back on track for Elon Musk and Tesla, the South African billionaire has shot himself in the foot once again with yet another unfulfilled promise. Musk was supposed to hike the price of Tesla’s full …

Dow Creeps Higher But Beijing Unloads on Trump’s ‘Roughshod’ Strategy: Josiah Wilmoth


By CCN Markets: The Dow continued to grind higher on Thursday ahead of the Federal Reserve’s highly-anticipated Jackson Hole Summit. However, another barrage of trade war attacks threatens to bleed the optimism out of this latest stock market recovery. Dow Co…

This Ford-Lovin' Crypto Scammer Took Coinbase A/C Holders on $200K Ride: Mark Emem


By CCN Markets: A Michigander is facing 20 wire fraud and money laundering charges for carrying out a crypto investment scam that raked in an average of nearly $15,000 daily. According to the prosecutors, James Matthew Thomas defrauded approximately $206,000 …

Terrible PS5 Design Leak Is a Clear Joke for These 3 Reasons: Tiago Manuel


By CCN Markets: Ps5 rumors have become an everyday thing now. We've got memory specs, then supposed processor and graphics capability rumors. The most interesting of them states that the PS5 is as powerful as an RTX 2080. This time we got a design leak. The t…

Why Bitcoin Rules in the ‘Insane’ World of Negative Interest Rates: Ben Brown


By CCN Markets: In Denmark, some depositors are now paying the bank to look after their money. In Germany, the 30-year bond yield just went negative. A total $17 trillion of global bonds are now negative and it’s rising at a rate of a trillion a week. On the …

Dow Futures Slide as Trump SCREAMS at Federal Reserve: Ben Brown


By CCN Markets: Dow Jones Industrial Average (DJIA) futures slumped in early trading Thursday and Trump is livid. The president took his anger out on Twitter, screaming in all caps: “WHERE IS THE FEDERAL RESERVE?” Trump is desperate for the Federal Reserve an…

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