By CCN Markets: Bitcoin maximalists feuding with altcoiners is not headline-worthy material. However, when a Twitter handle that boasts 1 million followers and previously pumped Bitcoin Cash suddenly deletes old anti-Bitcoin tweets and even links to Bitcoin.org in its profile, everyone takes notice. But due to the fact that no clear explanation has been given, the floodgates of conspiracy...
By CCN Markets: Apple, the Cupertino-based tech company that's infamous of its extremely high price tags, is likely to release its 'Netflix for App Store games' Apple Arcade subscription at the consumer-friendly $4.99 monthly fee. Apple Arcade is a great deal for iOS gamers A promotional message inside Apple Arcade – the subscription service allowing iOS, Mac, and Apple TV users to play over 100...
By CCN Markets: We now know the reason why China’s central bank appears to be rushing to issue its “cryptocurrency” as quickly as possible. Beijing, reports suggest, is worried that Facebook’s Libra “cryptocurrency” will launch first. Communist Party Mouthpiece: China Wants to Beat Facebook With Knock-Off 'Crypto' According to English-language newspaper China Daily, the People’s Bank of China...
By CCN Markets: India's largest bank, the State Bank of India (SBI), has announced an initiative yesterday in which the state-owned financial institution seeks to eliminate debit cards to promote digital transactions. In light of the SBI's ambitious project, it has now become clearer that India's last month plans to ban all crypto assets is total nonsense. 'Let's digitize payments, but we should...
By CCN Markets: The Dow’s three-day recovery ran smack into a wall on Tuesday, as the stock market struggled to complete the long journey back from last week’s vicious 800 point DJIA plunge. Meanwhile, Beijing capped simmering optimism about US-China trade relations by sniping at President Trump through a state-run media mouthpiece. Dow Fails to Make It Four-in-a-Row All of Wall Street's major...
By CCN Markets: News of impending layoffs at some U.S. Steel Corporation plants has been greeted warmly by the market. In pre-market hours, the price of the stock has gone up by over 10 percent to reach a unit price of $12.43. At the market close on Monday, U.S. Steel was valued at $11.28. Just last week the stock hit a three-year low of around $10.80. The pre-market rally comes amidst the steel...
By CCN Markets: Sony’s PlayStation 5 is expected to be showcased early next year, but the price at which the next-generation console will be launched is turning out to be a hot topic of discussion. Gaming enthusiasts had a heart-in-the-mouth moment after a Swedish retailer started taking pre-orders of the PS5 for an insane price tag of over a thousand dollars, but the latest leaks suggest that...
By CCN Markets: Investment management firm First Trust put out an important note on Monday regarding a potential recession. Entitled "This Is Not 2008," the note from First Trust’s chief and senior economists make important points about the inverted yield curve we’ve been hearing a lot about. History Doesn't Always Repeat Itself First Trust points out that, while inverted yield curves have...