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German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global financial crisis.
Also Read: Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
A few hours ago, the internet’s top social networks suffered a crash that kept users from sharing photos, videos, and similar files. Almost simultaneously, Facebook, Whatsapp, and Instagram suffered the same malfunction causing, as expected, a big nuisance among netizens, who rushed to position the tags #Instagramdown, #facebookdown, and #whatsappdown on Twitter. This is Twitter […]
The post Facebook’s Social Media Platforms Crash. Will Libra Be Different? appeared first on CCN Markets
If you can’t beat ’em, join ’em. That’s the prevailing mindset on Wall Street when it comes to crypto. The latest to (re)-hop on the bitcoin/blockchain bandwagon is Goldman Sachs CEO David Solomon. Solomon: All the Big Dogs Are Considering Crypto Solomon told French financial newspaper Les Echos that Goldman Sachs is “absolutely” considering its own […]
The post Goldman Sachs ‘Absolutely’ Eyeing Crypto, Doesn’t Expect Stock Market Crash appeared first on CCN Markets
After Bitcoin gets to certain heights, and the natural retracements begin, people often say it’s “crashing.” But the levels they’re talking about it “crashing” to are often higher levels than the price was living at before. Is $ 10,000 or $ 20,000 The New Bitcoin Bottom? You have to wonder whether this is positive or negative for […]
The post What Does A Bitcoin Crash Look Like From Here? appeared first on CCN Markets
The Dow bounded toward a positive ending to a choppy week – and a meteoric first half of the year – as Wall Street arrived at an optimistic consensus ahead of a critical G-20 meeting: No matter what, President Trump won’t let the stock market crash. Dow Climbs to Conclude Volatile Week All of Wall […]
The post Dow Rallies Because Trump Won’t Stomach a Stock Market Crash appeared first on CCN Markets
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 Markets: The stock market is in the silly season when IPOs of companies that have no history of profits are soaring. The last time the stock market saw this behavior was when the dot-com bubble burst in 2000. Frothy IPOs aren’t the only reason for concern. The dot-com bubble stock market was the most expensive market in history. Today, the stock market is at its third most expensive valuation in history. You Can’t Ignore This Sign of a Stock Market Top Why are frothy IPOs a sign of a market top? As valuations get stretched in favorite existing
By CCN Markets: Rallying supporters to “Keep America Great,” Donald Trump raised the stakes of the 2020 election in a tweet. The president said if he’s not reelected, “there will be a market crash the likes of which has not been seen before!” If true, based on percentages, that means the stock market would lose 25% of its value after election day. The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which
Digitex, a highly-anticipated zero-fee, non-custodial futures exchange with its own cryptocurrency, DGTX, came out Friday to announce that it would be postponing the April 30 launch date until further notice. In the aftermath of the announcement, which came with a 21-minute profanity-laced video explanation from CEO Adam Todd, DGTX crashed more than 70%, erasing more […]
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CNBC has long been controversial in the financial news industry. As the leading financial TV media outlet, CNBC often relies on experts who leverage short-term price action to try and predict long-term movements. The phenomenon, which leads to vomiting camel patterns and other shenanigans, has only been amplified by the cryptocurrency market. To highlight the […]
SludgeFeed
By CCN.com: Jardine Matheson shares listed on the Singapore Exchange (SGX) took a sudden 83 percent dive worth $ 41 billion on Thursday morning before making an equally quick recovery. The stunning movement, which took place in a matter of minutes, sparked a temporary market panic as stock market investors struggled to dump their stocks before
The post $ 41 Billion Flash Crash Leaves Singapore’s Stock Market Stunned: What Happened? appeared first on CCN
It’s less than a week into the new year, but the market has revved into action, with companies feeling the heat on the trading floor. One such company is Tesla whose stock has fallen almost 10 percent. However, Gordon Johnson, an analyst at Vertical Research Group, believes the automobile manufacturer still has some much darker
The post Why Vertical Research Thinks Tesla Shares Will Crash Another 70 Percent appeared first on CCN
US stock market futures are signaling deep cuts to open the second trading session of 2019, with contracts tracking the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all implying losses of more than 1.2 percent. Dow, Tech-Heavy Nasdaq Take Deep Cuts on Thursday As of 8:08 am ET, Dow futures had shed 301
The post Dow Futures Crash 300 Points on Apple’s Mainland China Woes appeared first on CCN
The stock market crash in 2018 shredded billions off the wealthiest Americans. A staggering $ 76 billion were wiped off their balance sheets. Still, new billionaires were added to the infamous Forbes list, while some industry investors saw their fortune increase and decrease, at the same time, per a Bloomberg report. Fifteen individuals were added to
The post 2018 Stock Market Crash Shreds $ 76 Billion Off America’s Wealthiest appeared first on CCN
Hundreds of businesses and retail investors are still counting the cost of bitcoin’s 80 percent drop from its all time high at the turn of the year. A Sky News special report has revealed that alongside investment portfolios, bitcoin’s price tank also claimed several mortgages, loans, marriages and even possibly university funds for some investors’ children in
The post UK Investors and Businesses Still Suffering Fallout of Bitcoin Crash appeared first on CCN
Luís Augusto Schiavon Ramos, known as Guto Schiavon, the founder of one of Brazil’s largest bitcoin exchanges, was killed in a car accident in Sao Paulo.
A report by local Brazilian news outlet revealed that the accident happened after Schiavon lost control of his vehicle in the rain, before hitting a cargo truck.
Prior to his death, Schiavon was the founder of Foxbit, one of the largest cryptocurrency exchanges in Brazil.
Amidst a dreadful year for crypto investors, a significant upside to the dismal performance of their assets could be that the losses could end up saving them a significant amount of tax if they understand how to record and file appropriately. Under the U.S. tax code, bitcoin investors who got “rekt” in 2018 can use
The post Crypto Crash Offers Investors Tax Write-off Opportunity appeared first on CCN
Bitcoin Cash co-founder Calvin Ayre predicts that the flagship cryptocurrency, Bitcoin, will plunge to zero in 2019 because it’s worthless. But never fear, he said, because Bitcoin Cash Satoshi Vision (BSV) will be there to save the day. Interestingly, Ayre insists that the Bitcoin price is being deliberately deflated right now in order to stamp it out of
The post Bitcoin Price Will Crash to Zero Says Bitcoin Cash Founder Calvin Ayre appeared first on CCN
Things got a little funky this morning on Coinbase Pro, the professional trading platform formerly known as GDAX, when the price Ethereum (ETH) briefly fell below $ 13. As initially highlighted by traders on social media, the price anomaly occurred in the USD Coin (USDC) market, the dollar-pegged stablecoin co-created by Circle and Coinbase. The price quickly returned back […]
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Tech billionaire Tim Draper is unfazed by the recent bitcoin crash, and insists that the global economy will soon transition to crypto. In fact, Draper boldly predicts that crypto will eventually overtake fiat money to make up two-thirds of the world’s total currency value. The Silicon Valley venture capitalist said the shift will be inevitable
The post Billionaire Tim Draper Unfazed By Bitcoin Crash, Boldly Vows Crypto Will Surpass Fiat Money appeared first on CCN
