Tech is in a historic downturn, with companies of all sizes conducting hiring freezes or layoffs. M&A dealmakers are shopping, looking for startups to buy. But conditions this time around are unusual, eight investors and…
Netflix Stock Implodes, Subscriber Exodus Ignites 12% Plunge
A confluence of negative factors slammed Netflix in the past quarter, resulting in subscriber numbers and other metrics exposing Netflix’s vulnerabilities – and leaving the streaming giant’s stock plunging in after-hours trading. Netflix stock plunged…
Litecoin Price Rebounds 14% as Halving Volatility Looms
Litecoin (LTC) has gained more than 14 percent in 24 hours, surging from a low of $77.60 on Tuesday to a high of $93.05, before dropping slightly to $90.09 where it is currently trading. A…
Trumps Economy Boosts Bottom 10 Percent of the…
White House Economic Adviser Larry Kudlow believes the U.S. economy is booming under Donald Trump and the data supports it. Kudlow appeared on Fox Business where he expressed frustration that the mainstream media and certain…
Bridgewater Tycoons Gold Shilling Is Insanely Bullish for…
When billionaire investor and hedge fund manager Ray Dalio speaks, people listen. After all, Dalio is the founder of Bridgewater Associates, the world’s largest hedge fund firm with assets under management of $160 billion. So…
Dow Weakens as Housing Sector Raises Economic Red…
The Dow and broader U.S. stock market drifted lower Wednesday, as the combination of trade-war uncertainty and dismal housing data raised red flags about the health of the domestic economy. Dow Slides; S&P 500, Nasdaq…
Facebook Hawks Libra as Western Union 2.0 Amid…
House Financial Services Committee Chairwoman Maxine Waters has been on a crusade against Facebook’s entry into cryptocurrency via the Libra project. Her rampage continued on Wednesday during a second day of congressional hearings devoted to…
Wall Street Screams Buy the Dip Ahead of…
The earnings parade has begun, and so far the stock market is showing just a few jitters. All eyes are on the FANG stocks, including content streaming behemoth Netflix, which will be reporting second-quarter earnings…
World Series of Poker Champ Wins $10 Million…
Hossein Ensan survived a field of 8,569 expert gamblers to sweep poker’s most prestigious event, the World Series of Poker. The Iranian-born German earned the highly-coveted WSOP bracelet and a cool $10 million. But don’t…