China Economic Slowdown, Not the Trade War, is Greatest Threat to Dow Recovery

Dow China

A survey published by Bank of America Merril Lynch on Tuesday has revealed key insights into the minds of global money managers. The survey measures responses from approximately 200 institutional, mutual and hedge fund managers around the world. After a solid rally in the stock market, the greatest threat to the ongoing health of the … Read more

Mammoth Facebook Outage Sends 3 Million Users Piling into Telegram

facebook outage, telegram

Telegram CEO Pavel Durov announced that 3 million new users signed up to his encrypted messaging service in just 24 hours. The sudden, massive influx is likely due to the service outages affecting Facebook and WhatsApp on Wednesday. Facebook & WhatsApp Go Offline Facebook, its two messaging apps, and Instagram, its image-hosting app, suffered from … Read more

Tesla Autopilot’s Safety Profile Fails to Withstand Scientific Scrutiny, May Be Increasing Traffic Deaths

Tesla Elon Musk

In a world increasingly turning to AI and automated solutions for answers, Tesla’s self-driving cars were seen as groundbreaking. The technology is certainly promising. However, an independent investigative report has debunked alleged findings by the US National Highway Traffic Safety Administration (NHTSA), which gave Tesla the all-clear after a crash involving a self-driving car. The … Read more

Disney CEO Bob Iger is Poorer by $13.5 Million Despite Masterminding $71 Billion Fox Deal

Disney Bob Iger

Disney’s merger with 20st Century Fox is set to continue as Disney alters its current agreement with Bob Iger, slashing his potential bonus by $13.5 million. While CEO Bob Iger helped orchestrate the deal between Disney and Fox, sidestepping Comcast in a major bidding war, his salary has been an issue of controversy since March. … Read more

Q4 US Economic Growth Beat Even Donald Trump’s Expectations

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The US economy grew at a faster clip than even Donald Trump’s presidential administration had expected, according to the latest Commerce Department report which was delayed by the government shutdown. While significantly lower than Q3’s annualized rate of growth of 3.4%, the Q4 result of 2.6% is 0.4% higher than expected and above average when … Read more

US Job Market is Dying as Unemployment Claims Hit 10-Month High

Unemployment, US

The number of Americans applying for unemployment benefits rose again last week, the week ended February 23, after an exceedingly volatile month which saw initial claims hit a one-year high on average at one point.

Continuing claims have hit a 10-month high, leading to concerns of a labor market slowdown despite strong performance compared to historical employment levels. Initial claims rose by 8,000 to 225,000 vs 220,000 – 224,000 expected.

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‘Gravity’s a B*tch’: BitMEX CEO Mocks Crypto Firms for Failure of ‘Poo Poo’ ICOs

arthur hayes bitmex crypto bitcoin exchange

The research team at BitMEX exchange has released a report in collaboration with TokenAnalyst which reveals that various ICO teams in 2018 gifted themselves a grand total of $24.2 billion worth of crypto tokens. The abstract of the piece is quick to state that “in reality liquidity was too low for this value to be … Read more

Crypto Firms Speak out Against Critical McKinsey Report

crypto blockchain mckinsey

Consulting giant McKinsey & Co recently published a report on the state of the blockchain industry, claiming that while crypto technology has potential, it has been unable to break away from the early “pioneer” phase with most use cases failing to take off. The Report: ‘Blockchain’s Occam Problem’ The report is not entirely critical, stating … Read more