Tesla Stock Crashes to Lowest Levels, Unseen Since Obama Presidency

Tesla Stock Crashes to Lowest Levels, Unseen Since Obama Presidency

TweetShareBy CCN: This week Tesla stock crashed to its lowest levels since Obama was president. The electric car maker suffers from political uncertainty regarding the electric car maker’s prospects in China, as well as questions over Tesla’s ability to deliver on its premium stock valuation. A Tesla analyst at Evercore ISI says:“The only thing that…

Bitcoin Momentum Fails, Bearishly Overbought for the First Time Since 2017

Bitcoin Momentum Fails, Bearishly Overbought for the First Time Since 2017

TweetShareBy CCN.com: According to a cryptocurrency trader, a technical indicator of bitcoin is signaling a potential downturn in the market for the first time since December 2017.The indicator, known as the Relative Strength Indicator (RSI) bearish divergence, signals a bearish downtrend and a decline in momentum.The bitcoin price has slightly declined in the past week…

Chris Davis Has Whiffed His Way to $2.1 Million Since His Last Hit

Chris Davis Has Whiffed His Way to $2.1 Million Since His Last Hit

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Bitcoin Rages Bullish in Technical Indicators For the First Time Since 2017

Bitcoin Rages Bullish in Technical Indicators For the First Time Since 2017

TweetShareIn recent months, the substantial increase in the daily volume of bitcoin and the rest of the cryptocurrency market has led analysts to suggest that the overall trading activity in the market is rising.While some stated that the minimal impact on the bitcoin price despite the large movements of alternative cryptocurrencies show a small inflow…

Pepsi Thrives While Coke Fizzles in Worst Trading Day Since 2008

Pepsi Thrives While Coke Fizzles in Worst Trading Day Since 2008

The legendary Coca-Cola Company has fallen on some hard times, and its officials aren’t seeing better days ahead.Most understand its woes stem from consumers giving up their sugary soft drink addictions, but Coca-Cola is blaming something else that its main competitor, PepsiCo doesn’t see as that much of a problem.Coca-Cola significantly lowered its outlook, saying…

Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did

Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did

Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500+ days worth of data on the bitcoin cash blockchain…

S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008

S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008

TweetShare Stock markets worldwide, including Dow Jones, Nasdaq and the S&P 500, have posted disappointing yearly returns, with many indexes being compared to their performance during the financial crisis. The S&P 500 is down 6.2% for 2018, while the DOW Jones Industrial Average is down 5.6% for 2018. These numbers, compared to the financial crisis,…