Donald Trump’s pressure on the Federal Reserve to ease its monetary policy is bringing optimism to markets. | Source: AP Photo/Patrick Semansky) By CCN Markets: Dow Jones Industrial Average (DJIA) futures are on a knife-edge on Tuesday as ominous recession warnings ring out around the world. Despite the warnings, an undercurrent of trader optimism has […]
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Bitcoin price is having a volatile week. | Source: Shutterstock By CCN Markets: Since August 15, in less than five days, the bitcoin price (BTC) has increased from $9,500 to $10,700 by well over 12 percent against the U.S. dollar. The bitcoin price has demonstrated a short term reversal after dipping to as low as […]
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Mark Mobius, founding partner of Mobius Capital Partners claims bitcoin’s emergence will further drive investors to gold. | Source: REUTERS/Francis Mascarenhas By CCN Markets: Mark Mobius, the legendary emerging-markets investor and founder of Mobius Capital Partners, referred to bitcoin as a “psycho-currency” on Tuesday in an interview with Bloomberg. He claimed the rise of “faith-based” […]
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Google’s gaming foray with ‘Stadia’ continues to attract plenty of skepticism in the gaming industry. | Source: Justin Sullivan/Getty Images/AFP By CCN Markets: Google revealed the Stadia, its mysterious gaming console/service earlier this year. Today, five months later, Google hosted a new Stadia ‘connect’ event at Gamescom to reveal further details. Despite not many details […]
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Xbox is making big announcements ahead of the next console war. | Source: YouTube/Xbox By CCN Markets: The Inside Xbox team takes to the stage at Gamescom 2019 to make several major announcements. Gamescom, which takes place annually in Germany, is one of the biggest games industry events and has given Microsoft and Xbox a […]
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The New York Supreme Court ruled that the matter between the state’s Attorney General and Bitfinex parent company iFinex can continue. The bitcoin price rose 5 percent in response. | Source: Shutterstock; Edited by CCN By CCN Markets: The bitcoin price moved higher on new legal developments in the ongoing wranglings involving Bitfinex and Tether. […]
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The New York Supreme Court ruled that the matter between the state’s Attorney General and Bitfinex parent company iFinex can continue. The bitcoin price rose 5 percent in response. | Source: Shutterstock; Edited by CCN By CCN Markets: The bitcoin price moved higher on new legal developments in the ongoing wranglings involving Bitfinex and Tether. […]
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Bitcoin is not a hedge for anything because its volatility actually adds risk to every single scenario a portfolio manager can create. | Source: Shutterstock By CCN Markets: As the bitcoin skeptic here at CCN, my job is to provide counter-arguments to the bitcoin bulls. Today I’m going to debunk the claim that bitcoin is a […]
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Almost 200 CEOs have signed a statement to redefine a corporation’s purpose. Is it just PR, or are they undermining their fiduciary duty? | Source: Shutterstock By CCN Markets: A group of 181 CEOs of publicly held companies trading in the stock market has proclaimed their intent to put the wealth-destroying values of anti-capitalists ahead […]
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S&P 500 stock Estee Lauder is pricey, but there may be another way for investors to play retail and capitalize on strong consumers. | Source: Shutterstock By CCN Markets: The S&P 500 is comprised of nearly a dozen sectors, all of which traded in the green today. Leading the charge is skincare stock Estee Lauder, […]
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