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...

Perfect Storm Threatens Bull Market After Rallies on Fed, Trade Talks

Investor expectations of Fed rate cuts and a U.S.–China trade deal have sent stocks surging within a hair of their all-time highs. But several market...

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Investor expectations of Fed rate cuts and a U.S.–China trade deal have sent stocks surging within a hair of their all-time highs. But several market strategists say these gains are likely to be illusory and short term. Instead, a perfect storm is brewing that could hammer equity markets in the second half of the year...

Bitcoin Price Can Shatter $60,000 This Bull Cycle, Claims Crypto Trader

By CCN Markets: The red hot bitcoin price rally isn’t showing any signs of stopping. The flagship cryptocurrency has touched the $11,000 mark once again and there’s ever-growing...

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By CCN Markets: The red hot bitcoin price rally isn’t showing any signs of stopping. The flagship cryptocurrency has touched the $11,000 mark once again and there’s ever-growing chorus that it will keep flying higher. Crypto trader Josh Rager believes that the price of bitcoin could hit $60,000. | Source: TradingView Crypto trader Josh Rager is one of...

Why Uber IPO Is Overvalued: Aswath Damodaran

Many members of the 2019 class of tech unicorns have been closely watched as investors seek to bet on future market giants. Ride-hailing giant Uber anticipates that...

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Many members of the 2019 class of tech unicorns have been closely watched as investors seek to bet on future market giants. Ride-hailing giant Uber anticipates that the price of its initial public offering will be between $44 and $50 per share, which would give it a valuation of up to $91 billion, accounting for stock options...

Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did

Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the...

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Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500+ days worth of data on the bitcoin cash blockchain...

Church’s Chicken Accepts Crypto Payments after KFC Denies Rumors in Venezuela

Church’s Chicken, an international fast-food franchise known its hand-battered fried chicken, has reportedly partnered with Dash Venezuela to become the first fast-food franchise to accept...

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Church’s Chicken, an international fast-food franchise known its hand-battered fried chicken, has reportedly partnered with Dash Venezuela to become the first fast-food franchise to accept cryptocurrencies throughout its locations in Venezuela. According to a press release, a strategic alliance between Dash Venezuela and Church’s Chicken Venezuela will see 13 establishments start accepting the privacy-centric cryptocurrency as payment,...

Ripple Finally Suffers Major Price Drop as Crypto Market Wipes Out $12B

The intense downtrend of the crypto market is finally having a toll on the best performing digital asset of the month. Ripple (XRP), now the...

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The intense downtrend of the crypto market is finally having a toll on the best performing digital asset of the month. Ripple (XRP), now the second most valuable cryptocurrency in the market, is no longer up in value on a monthly basis. Throughout the past 30 days, XRP has maintained the $0.5 level relatively well...