Bitcoin Surged 10x After 2016 Halving; Will 2020 See a Similar Result?

Bitcoin Surged 10x After 2016 Halving; Will 2020 See a Similar Result?

TweetShareBy CCN: In about every four years, the Bitcoin blockchain network experiences a block reward halving, a mechanism that reduces the rate in which new bitcoin is generated or mined by miners.The block reward halving has typically served as a key fundamental factor behind the dominant cryptocurrency’s major rallies.Price one year before first halvening :…

Dow Plunges After China Lashes Out at ‘Bully’ Trump

Dow Plunges After China Lashes Out at ‘Bully’ Trump

By CCN: The US stock market succumbed to a grisly bout of volatility on Friday, triggered by yet another escalation to the US-China trade war. Dow Volatile After Beijing Unloads on Trump Administration The Dow Jones Industrial Average began the day with a 200 point plunge, only to rally back into positive territory by midday.…

Top Tesla Investor Dumps 81% of Stock in Brutal Rebuke to Elon Musk

Top Tesla Investor Dumps 81% of Stock in Brutal Rebuke to Elon Musk

By CCN: The Wall Street Journal reports that T. Rowe Price Associates dumped around 81% of its Tesla stake during the first quarter of 2019. This is a brutal rebuke to the Elon Musk-led company, as T. Rowe Price has been one of the largest holders of Tesla stock over the years. T. Rowe Price…

Meteoric Crypto Recovery: Here’s What Triggered Bitcoin Price Above $8,000

Meteoric Crypto Recovery: Here’s What Triggered Bitcoin Price Above $8,000

TweetShareBy CCN: The bitcoin price has surged by seven percent in the past several hours from $7,300 to around $8,000 in major markets including the U.S., demonstrating a strong recovery from its abrupt drop to $6,400.The bitcoin price surges seven percent in less than four hours (source: coinmarketcap.com)On May 17, as CCN reported, the bitcoin…

Apple’s Tim Cook Finds His Inner Tesla in Speech to Gen Z Graduates

Apple’s Tim Cook Finds His Inner Tesla in Speech to Gen Z Graduates

TweetShareBy CCN: At a commencement speech at Tulane University in New Orleans, Apple CEO Tim Cook had some harsh words for the parents of Tulane’s class of ’19.During his speech at the Mercedes-Benz Superdome, Cook said:“In some important ways, my generation has failed you.”He added:“We have spent too much time debating, we have been too…

Arnold Schwarzenegger Falls for Snapchat but Should Investors Pile In?

Arnold Schwarzenegger Falls for Snapchat but Should Investors Pile In?

TweetShareBy CCN: Arnold Schwarzenegger, star of “The Terminator” (and nothing else lately), found himself the victim of an assault at an event in South Africa.While attending “Arnold Classic Africa” in Johannesburg, which features a wide array of sporting events and physical activities, the 71-year-old “Last Action Hero” was filming participants when he received a flying…

Most Americans Would Be Broke as a Joke if They Missed One Paycheck

Most Americans Would Be Broke as a Joke if They Missed One Paycheck

TweetShareBy CCN: Most Americans are financially unstable and live paycheck to paycheck. In fact, 51% of working Americans would be in dire financial straits if they missed a single paycheck. And an additional 15% would suffer severe hardship if they missed two pay periods.These alarming findings were uncovered in a personal finance survey from the…