By CCN.com: Gaining an eye-popping 135%, bitcoin has smoked even the most impressive U.S. stocks this year. Even if you take the top performers from the Dow Jones Industrial Average, S&P 500, and Nasdaq – which are Cisco Systems (CSCO), Xerox (XRX), and Beyond Meat (BYND), respectively – they can’t touch BTC/USD for returns. Here … Read more
By CCN.com: Billionaires in Silicon Valley want Wall Street to stop picking on Elon Musk. The Tesla CEO has done more for innovation than most, and putting him down will only discourage other entrepreneurs from taking risks the way Elon did. Venture capitalist Tim Draper, who is also a member of the billionaire’s club, was … Read more
By CCN.com: Following the imposition of additional tariffs by the U.S. and China, the Dow Jones has declined slightly from 26,592 points to 25,585 points, by less than 4 percent in the past month. Dow Jones has performed well but that’s an illusion: local analyst The Dow Jones and the rest of the U.S. equities … Read more
By CCN.com: Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $1,500) for electricity theft. A federal court in the Hebei Province of China made the decision pursuant to a lawsuit filed by the Tangshan Power Supply Company, Chinese … Read more
By CCN.com: Elon Musk’s SpaceX launched 60 Starlink satellites a few days ago as part of an ambitious project providing global access to a supercharged internet that will potentially solve online gaming’s largest issue. Supercharged internet by 2027 Elon Musk plans to launch a total of 12,000 interlinked satellites as part of SpaceX’s satellite army … Read more
By CCN.com: The Dow and U.S. stock market could see significant action this week as a fresh wave of economic data make their way through the financial markets. Critically, these data releases will help investors determine the latest impact of the U.S.-China trade war on the domestic economy. Dow Futures Wobble U.S. stock futures drifted between … Read more
By CCN.com: Elon Musk’s space ambitions are no secret. The eccentric boss of Tesla and Space X aims to land a spacecraft on the moon and begin setting up a Mars colony within the next decade. But he faces tough competition… from the president of the United States. Donald Trump doubled down on his own … Read more
By CCN.com: US stock markets shut their doors on Monday 27 to observe Memorial Day, in honor of the men and women who lost their lives serving their country. Traders will take a much-needed breather as the Dow Jones Industrial Average careens towards the longest weekly losing streak in eight years. Thus far in May, … Read more
By CCN.com: Bitcoin bull Max Keiser has suggested that the rally which has seen Bitcoin hit another high for 2019 was likely caused by the likelihood of political chaos following the European Union parliamentary elections. The elections were held over the weekend. In a tweet, Keiser suggested that bitcoin had assumed a safe haven role, … Read more
By CCN.com: US stock markets might be closed for Memorial Day, but that hasn’t stopped futures traders pumping the markets. Dow Jones Industrial Average futures rose on Monday as President Trump teased a wide-ranging trade deal with Japan as soon as August. The Japanese Nikkei index also jumped in the Asian session as traders welcomed … Read more