Why FedEx’s $25 Billion Market Value Loss Will Only Get Worse

Delivery giant FedEx Corp. (FDX) has shed about $25 billion in market value over the past year as its stock plunged roughly 40%. But the losses may...

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Delivery giant FedEx Corp. (FDX) has shed about $25 billion in market value over the past year as its stock plunged roughly 40%. But the losses may not be over. FedEx’s stock is likely to slide even further amid strong headwinds including the ongoing U.S.–China trade conflict, a slowing global and U.S. economy, and the recent severing...

Weak Hands Could Limit Energy Upside After Drone Attack

Crude oil futures have posted their biggest one-day gains since the 1990s after a terrorist strike on a Saudi Arabian oil field shut down 5% of the...

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Crude oil futures have posted their biggest one-day gains since the 1990s after a terrorist strike on a Saudi Arabian oil field shut down 5% of the world’s capacity over the weekend. Brent and West Texas Intermediate (WTI) contracts rose nearly 20% when world markets opened for the new trading week on Sunday evening and pulled back overnight in reaction to...

EU Antitrust Boss Flags Facebook Crypto Libra for Monopoly Risks

EU regulators are investigating if the Facebook Libra “cryptocurrency” poses a threat to competition by being a potential monopoly. Margrethe Vestager is the outgoing antitrust...

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EU regulators are investigating if the Facebook Libra “cryptocurrency” poses a threat to competition by being a potential monopoly. Margrethe Vestager is the outgoing antitrust chief of the European Union. She’s gravely concerned that Libra could violate antitrust laws. EU: Facebook Libra must not stifle competition To address this, Vestager says European regulators are examining the potential...

Terrifying Chinese Deepfake ZAO is the Coolest App You’ll Sell Your Privacy To

Zao is the app of the moment, ranking atop Chinese app sales charts in less than a week. The Zao uses Deepfake technology to allow...

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Zao is the app of the moment, ranking atop Chinese app sales charts in less than a week. The Zao uses Deepfake technology to allow people to plaster their own faces on top of any character they want after a scan that takes just a few seconds. So far it’s only officially available in China,...

$10,800: BITCOIN PRICE SPIKES IN FLASH SURGE BUT DON’T GET EXCITED JUST YET

By CCN Markets: On August 28, the bitcoin price flash surged across major cryptocurrency exchanges, rising to as high as $10,800 on BitMEX, the largest margin trading platform...

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By CCN Markets: On August 28, the bitcoin price flash surged across major cryptocurrency exchanges, rising to as high as $10,800 on BitMEX, the largest margin trading platform for crypto traders based on daily volume. A large number of shorts were liquidated on BitMEX, triggering buy orders at a higher price, taking the bitcoin price to a key...

Top 5 Amazon Prime Alternatives

Amazon’s Prime membership program has emerged as a very popular scheme that saw great levels of adoption among online shoppers. For a flat fee of...

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Amazon’s Prime membership program has emerged as a very popular scheme that saw great levels of adoption among online shoppers. For a flat fee of $12.99 per month, or $119 per year, the program offers a number of benefits. It includes fast, free two-day shipping with flexible delivery options on over 100 million items including...

Inflated Bond Ratings Behind 2008 Crisis May Cause New One

A major contributor to the 2008 financial crisis was collapsing bond values, as vast amounts of debt bearing investment grade ratings proved to be much riskier, and shakier, than...

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A major contributor to the 2008 financial crisis was collapsing bond values, as vast amounts of debt bearing investment grade ratings proved to be much riskier, and shakier, than the rating agencies had led investors to believe. Highly inflated bond ratings threaten to create a new financial debacle in this multi-trillion-dollar market. The leading bond rating agencies, S&P, Moody’s, Fitch, and their competitors...

How Amazon $5 Billion In Prime Day Sales Could Fire Up Sales Growth

E-commerce leader Amazon.com Inc. (AMZN) is in the midst of its latest Prime Day sale, an event that may generate $5 billion of revenue, up...

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E-commerce leader Amazon.com Inc. (AMZN) is in the midst of its latest Prime Day sale, an event that may generate $5 billion of revenue, up 56% from $3.2 billion brought in during the 2018 edition, JPMorgan estimates, as reported by Barron’s. Meanwhile, Internet Retailer magazine calculates that Prime Day was an even bigger success in 2018...

Apple Seeks to Bowl Over Indians With New Cricket Ad

Apple Inc. (AAPL) may symbolize the highest ideals of technology and dominate the market in the U.S., but 8,000 miles away, India is a completely...

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Apple Inc. (AAPL) may symbolize the highest ideals of technology and dominate the market in the U.S., but 8,000 miles away, India is a completely different story. The brand is either scoffed at as pretentious/overrated or perceived as a desirable status symbol that offers little value for money. Indians are known to be pragmatic spenders,...

‘Bitcoin Billionaires’ Author: Zuck Is Trolling Winklevoss Twins with Libra

Ben Mezrich, the author of the Winklevoss-twins inspired “Bitcoin Billionaires,” is calling out Mark Zuckerberg on Libra. In an interview with CNBC, Mezrich, who was peppered with...

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Ben Mezrich, the author of the Winklevoss-twins inspired “Bitcoin Billionaires,” is calling out Mark Zuckerberg on Libra. In an interview with CNBC, Mezrich, who was peppered with questions on everything from crypto wallets to bitcoin regulation, observed a foreshadowing between the events that transpire in “The Social Network” and the current dynamic in crypto, saying: “Can we...