The Dow Jones rallied for a second straight day on Wednesday. Stock market bulls dragged prices higher despite boiling tensions between the U.S. and China. Hong Kong is no longer deemed independent from Beijing, which could have wide-reaching implications for the Dow. The Dow Jones Industrial Average (DJIA) brushed off some early-morning volatility to secure […]
Continue Reading
ST. MORITZ — The United States may be entering a second Cold War, according to some investors, who seem mildly curious but otherwise unconcerned about the prospect. “It’s a kind of Cold War, but not just for crypto,” said Multicoin Capital’s Beijing-based partner Mable Jiang. “Currency is the leverage.” Jiang said China’s goal is to […]
Continue Reading
Ethereum has completed its second hard fork in less than 30 days. With the mining of block 9,200,000, the Muir Glacier upgrade has been implemented on the network. The block was mined Jan. 2 at 8:30 UTC. As of press time, 92 percent of ethereum clients were synced with the new upgrade, according to Ethernodes. […]
Continue Reading
India’s GDP growth fell to just 4.5% in the second fiscal quarter. GDP is expanding at the slowest pace in six years. The government’s steps to revive flagging economic growth might not be enough. For long, India has been billed as the next big growth story thanks to its young (and sizable) population, skilled labor, […]
Continue Reading
The Dow slumped toward a second straight loss on Tuesday as Deutsche Bank warned of a looming recession – and a stock market reckoning. | Source: REUTERS / Eduardo Munoz The Dow and broader stock market bled lower on Tuesday, pushing Wall Street’s major indices further from their all-time highs in the wake of a […]
Continue Reading
Russia’s second most popular sport, ice hockey, has been stained by one of its former stars in a fraudulent cryptocurrency deal. According to Russian information agency TASS, ice hockey player Igor Musatov was arrested on Sunday over his alleged involvement in a Bitcoin fraud scheme in which the victim lost approximately $700,000. He has been […]
Continue Reading
Traders are re-evaluating the likelihood of a second Fed rate cut this week. | Source: ANDREW CABALLERO-REYNOLDS / AFP Will the Federal Reserve cut interest rates after its meeting on Wednesday? If you asked traders this question a few weeks ago, they would tell you with more than 95% certainty that another rate cut was […]
Continue Reading
The Dow rallied for a second straight day on Tuesday because Wall Street has renewed confidence that President Trump desires to strike a trade deal with China. Even if he’s fudging the facts about the true state of US-China relations. Dow Strings Together Another Triple-Digit Rally All of Wall Street’s major indices secured moderate opening […]
Continue Reading
The yield curve has inverted for a second time. | Source: Drew Angerer/Getty Images/AFP By CCN Markets: On Wednesday, the bond market once again experienced an inverted yield curve. The behavior in the bond markets has been interesting as of late, and another instance of this yield curve inversion demands that we take a closer […]
Continue Reading
The second trailer for DOOM: Annihilation just dropped, and this cringeworthy movie looks like a low-budget student film project. | Source: Universal 1440 Entertainment/YouTube By CCN Markets: Did you know there’s a movie adaptation of the classic video game DOOM on its way? You probably didn’t. We don’t blame you for it, and we apologize […]
Continue Reading