Stock prices follow earnings growth. The stock market reflects earnings expectations. That’s why analysts are concerned that the Q3 earnings forecast for the S&P 500 is for a decline of 0.3 percent, according to Factset data cited in CNBC. Declining earnings imply declining stock prices. Earnings Growth Going the Wrong Way Because Q2 earnings for the stock market are coming in negative – and Q1 did also at -2.3 percent – there is growing concern about the stock market’s valuation. That’s with good reason. The stock market is presently the second most expensive in history and overdue for a big
By CCN.com: According to Fortune’s latest edition of the world’s most respected companies, admiration for Facebook is plummeting. The souring sentiment is following — and followed by — Facebook’s falling share price in what is rapidly becoming a vicious cycle. Facebook No Longer Admired by Top Executives The latest “World’s Most Admired Companies” list from
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China’s weakening economy is driving fears of a global slowdown and now impacting oil markets. The price of crude oil fell 2.1% today. New Data Shows a Cooling Chinese Economy The latest data on Chinese imports and exports, below expectations, dropped the Dow Jones 230 points in premarkets today. The Dow Jones recovered but failed
The post Falling GDP, China’s Weakening Economy Drops Crude Oil Price By 2% appeared first on CCN
Ethereum co-founder Joseph Lubin says the future of the crypto industry is so bright he has to wear shades, and called a bottom to the current bear market. “Peeking into 2019, if you could see the landscape through my eyes, you’d have to wear shades,” Lubin gushed in a lengthy tweetstorm (see below). Lubin —
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According to Barry Silbert, the founder and CEO of Digital Currency Group (DCG), many venture capital funding deals in the crypto sector have fallen apart in the past few months as a result of the 12-month bear market. Silbert, who oversees the operations of one of the largest venture capital firms in crypto with investments
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The tough year for Nvidia (NVDA) continues as Goldman Sachs (GS) has now removed the company from its conviction list, saying it was “clearly wrong on the stock.” This news comes a week after disappointing Q3 earnings results that included a very weak forecast. As a result, Goldman has cut its price target from $ 283 to $ 200, which is the […]
Bitcoin on Tuesday extended its downward momentum, dropping 0.67-percent against the US Dollar. The BTC/USD trading pair opened the Asian trading session at 6288-fiat and attempted an upside correction to as high as 6309-fiat. The selling pressure around the 6309-level resumed the downtrend. As a result, the pair kept forming red candles for the rest
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The great news is out: Lynked.World was able to forge a strategic partnership with the leading blockchain investment firm Pecunio Investments. According to the freshly signed deal, Pecunio’s support of the project will amount to up to $ 5M.
Pecunio is a Dubai-based venture capital fund that holds an ever growing portfolio of blockchain companies with its most recent investments being in leading projects like CoinSeason, Alchemy, Photochain to name a few and is renowned for its rigorous evaluation of ICO projects, which it conducts based on strict due diligence principles. The company carefully selects the candidates, only working with those whose prospects are believed to be the best fit for integration with its PICO fund. This prudent strategy accomplishes two important goals: it ensures that the fund’s investors don’t miss out on a good investment opportunity, and it minimizing their risks.
Litecoin (LTC) is trading in a falling wedge with the possibility of a breakout in the weeks ahead. The above daily chart for LTC/USD shows that Litecoin (LTC) has almost reached the extent of its movement within the falling wedge against the US Dollar (USD) and is now likely to test the downtrend resistance. However, before testing the downtrend resistance, it will have to break past the 21 EMA which has served as a support turned resistance since the beginning of the correction.
VeChain (VEN) has just broken out of a falling wedge against the US Dollar as can be seen on the VEN/USD daily chat above. The price has yet to test the bottom of the descending channel it has been trading in since the beginning of the year. However, technical indicators at this point indicate a rally from these levels towards the top of the descending channel. Squeeze momentum indicator on the above chart shows a declining bearish momentum since March.
Tron (TRX) rose to prominence in 2017 with its astronomical gains. The cryptocurrency is known for aggressive movements as can be seen on the above daily chart for TRX/USD. The price of Tron (TRX) has been trading in a giant falling wedge since the beginning of its correction. Unlike most cryptocurrencies, Tron (TRX) had one big rally between April and May even during a bear market. The price then entered a long term correction which seems to have come to an end now.
The ‘Crypto Bro’ is a self coined term to describe those intolerable people in tight fitting clothes that like to brag about their cryptocurrency successes. Yes, they were in the right place at the right time and made millions off the back of some small investments, great. They have benefitted from an anti-capitalist platform that had turned capitalist overnight.
During the cryptocurrency boom at the end of 2017 and the start of 2018, these bros became more and more prevalent, hitting the mainstream to show off their riches.
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Important announcement from the MoneyToken team to all Private Sale contributors
To provide assurance and protect Private Sale contributors from the falling market, the MoneyToken team announced that the token balance of all Private Sale participants will be reassessed at the end of the Token Sale, against the value of ether and other crypto assets at that point.