Crypto Currencies

From festivals in Florida to touring Dracula’s digs in Romania, we round up the best destinations to visit this October. As summer abandons Europe again this October, eke out the last of the rays and raves in Ibiza, where nightclubs will be going out with a bang for the winter break. When the party finally stops head to the island’s north.

Why the Inverted Yield Curve Failed to Boost Bitcoin’s Price

Why the Inverted Yield Curve Failed to Boost Bitcoin’s Price

Wednesday’s yield curve inversion should have been bullish for bitcoin since it's a major recession indicator, but the BTC price fell. Market observers explain why. | Source: ShutterstockBy CCN Markets: The inverted yield curve on Wednesday should have been a catalyst in moving the bitcoin price higher.That's because it signaled a recession, which tanked the…
Dow Teeters on the Edge as 30-Year Bond Yield Crashes to Record Low

Dow Teeters on the Edge as 30-Year Bond Yield Crashes to Record Low

The Dow Jones fought to secure modest gains on Thursday, even as the 30-year Treasury yield crashed to a record low below 2%. | Source: Drew Angerer / Getty Images / AFPBy CCN Markets: The Dow and broader U.S. stock market traded mixed on Thursday, as the flight to safety assets triggered another steep fall…
Despite Stock Market Swings, ‘Silly’ Recession Talk Overblown: Economist

Despite Stock Market Swings, ‘Silly’ Recession Talk Overblown: Economist

Despite doom and gloom and the dismal performance of the stock market this week, economist Mohamed El-Erian calls recession fears "silly." | Source: REUTERS / Shannon StapletonBy CCN Markets: Investors are getting a bit of a reprieve today as the stock market recaptures some of yesterday's massive losses in what was a brutal day on…
Anthem Suffers Crippling Blow as Lead Producer Exits BioWare

Anthem Suffers Crippling Blow as Lead Producer Exits BioWare

Anthem lead producer Ben Irving abruptly quit BioWare, dealing the already-troubled EA title another crippling blow. | Source: BioWare/EABy CCN Markets: Anthem's lead producer, Ben Irving, revealed that he is set to depart from developer BioWare, marking a further somber note in the title's short, but turbulent history.Taking to Twitter to announce the news earlier…
Walmart Stock Laughs Off Trade Tensions & Recession Hysteria

Walmart Stock Laughs Off Trade Tensions & Recession Hysteria

Walmart's strong Q2 earnings and bullish FY19 outlook shows the retailer is unfazed by mounting recession fears and the US-China trade war. | Source: REUTERS / Lucas JacksonBy CCN Markets: Walmart is bucking the trend by boosting its fiscal 2019 earnings outlook after reporting strong second-quarter sales.The bullish projections and the rise in Walmart stock…
Ninja Porn Fiasco Exposes Even More Serious Twitch Controversy

Ninja Porn Fiasco Exposes Even More Serious Twitch Controversy

Ninja had every right to be disgusted with Twitch - even if the streaming service hadn't accidentally promoted porn on his channel. | Source: Robert Reiners / Getty Images / AFP By CCN Markets: As the streaming community reels from Twitch's controversial decision to use Fortnite star Ninja's channel to highlight other streamers, accidentally promoting…
Dow Feasts on Apple Rally, But Tariff Delay Won’t Fix Trump’s Trade War

Dow Feasts on Apple Rally, But Tariff Delay Won’t Fix Trump’s Trade War

The Dow enjoyed a delicious rally as major compontent Apple soared, but the tariff delay won't solve Trump's trade war dilemma. | Source: AP/Richard Drew By CCN Markets: The Dow and broader U.S. stock market shot higher on Tuesday, bucking a dismal start to the trading day after the Trump administration announced it would delay…
Tesla Model 3 Margins Will Double, Says Bull With $4,000 Stock Target

Tesla Model 3 Margins Will Double, Says Bull With $4,000 Stock Target

ARK Invest slapped a jaw-dropping $4,000 price target on Tesla stock, and now they predict Model 3 margins will double in the near-term. | Source: AFP PHOTO / ODD ANDERSEN By CCN Markets: The Tesla Model 3 accounted for 81% of Tesla’s overall vehicle sales during Q2. So it is not difficult to understand why the…
Santa Claus Rally Comes Early. These 3 Dow Jones Stocks Lead the Way

Santa Claus Rally Comes Early. These 3 Dow Jones Stocks Lead the Way

President Trump has decided to delay China tariffs due to the Christmas season. He wants to help consumers, but he's also helping Dow Jones stocks. | Source: REUTERS / Brendan McDermid By CCN Markets: If you're wondering what's behind the rally in the Dow Jones and S&P 500 indexes, you can thank Santa Claus. President…
Why Zcash Suddenly Became the Crypto Market’s Black Sheep

Why Zcash Suddenly Became the Crypto Market’s Black Sheep

Privacy coin Zcash has fallen by nealry 15 percent this week, marking the second-largest decline among the leading 30 crypto tokens. | Source: Shutterstock By CCN Markets: The privacy-focused cryptocurrency Zcash has fallen by nearly 15 percent this week as Bitcoin’s dominance approaches 70 percent. According to CoinMarketCap, Zcash was trading at slightly over $66…

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BoA Strategist Thinks the Stock Market Crash Is Over, But Don’t Celebrate Yet

BoA Strategist Thinks the Stock Market Crash Is Over, But Don’t Celebrate Yet

Bank of America’s top strategist believes the stock market crash is over. A historic relief rally for the Dow Jones has given bulls confidence that the coronavirus panic has peaked. Gloomy GDP forecasts suggest even if the floor is in, upside for the Dow and S&P 500 could be limited at best. After a horrific…
ESA Announces E3 2021 Dates, But Does Anyone Care?

ESA Announces E3 2021 Dates, But Does Anyone Care?

E3 2021 has been announced, but what about E3 2020? ESA claims a “reimagined event,” but what does that mean? Does anyone even care about E3 anymore? I’m not the first to state that E3 was on its deathbed before COVID-19 brought it down prematurely this year. Ignoring the writing on the wall is conference…
Coronavirus Ravages Puma as Apparel Makers Struggle to Preserve Cash

Coronavirus Ravages Puma as Apparel Makers Struggle to Preserve Cash

The coronavirus pandemic is forcing Puma to cut executive pay and suspend stock buybacks. Other sportswear giants, including Lululemon, have taken similar measures. Adidas went a step further and announced it would not pay rent on its shuttered retail locations. Puma’s (ETR: PUM) shareholders and senior executives are the first victims of the sportswear giant’s…