In 2016, on the precipice of selling Bonobos, the menswear startup I'd been building for the previous nine years, I flew into a manic spiral and was hospitalized for a week in the psych ward…
Caution! Elon Musks $25 Million Tesla Stock Buy…
By CCN: Tesla investors are supposed to be impressed that Elon Musk bought $25 million of Tesla’s stock in last week’s public offering. On the surface, the purchase might impress some people. One must always…
Dow Ends Bloodshed as China’s Trade Surplus Plummets…
By CCN: The Dow and broader U.S. stock market stabilized on Wednesday after dismal Chinese export data shined the spotlight on a sluggish global economy, prompting investors to snatch up domestic companies following a sharp…
Bitcoin ‘Highly Risky,’ Not a Real Currency: ECB’s…
By CCN: A student asked European Central Bank (ECB) President Mario Draghi about his stance on Bitcoin. Draghi told the student that cryptocurrencies are not currencies, but “highly risky” assets. Mario Draghi: “Who Is Behind…
Craig Wright’s Wife Nets Legal Victory in Quest…
By CCN: Craig Wright’s wife, Ramona Ang, sued a Cypriot futures exchange, UFX, for closing her account in August 2017 and effectively throwing a wet blanket on her investment goals. The exchange also refused to…
Risk On! Fundstrats Tom Lee Spots a Huge…
By CCN: As Donald Trump and China continue to play Russian roulette with the global economy, the Dow Jones Industrial Average is doing just fine, thank you. Fundstrat Co-Founder Thomas Lee is an uber-bull, both…
Uber is reportedly set to price its IPO…
Reuters Uber is set to price its initial public offering at the midpoint of its target range or below, according to a Wednesday report from The Wall Street Journal that comes prior to the ride-hailing…
Donald Trump Just Set the Stage for a…
By CCN: The US stock market fought off triple-digit losses to mount a modest recovery on Wednesday, just one day after the Dow cratered by nearly 500 points. However, this short-term rebound bears all the…
BitcoinXT Blasts Bitcoin Cash Governance, Abandons Upcoming Hard…
By CCN.com: Bitcoin XT developers announced late yesterday that they would not be following the upcoming scheduled hard fork for Bitcoin Cash. In a somewhat lengthy post, the developers speak of their history as big…