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...

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...

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...

9 Companies That May Be on Warren Buffett’s Takeover List

A long-established cottage industry within the investment community is trying to anticipate Warren Buffett’s next moves and to profit from them. Earlier this year, Buffett stated...

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A long-established cottage industry within the investment community is trying to anticipate Warren Buffett’s next moves and to profit from them. Earlier this year, Buffett stated that he has “hope for an elephant-sized acquisition,” per his annual letter to shareholders of Berkshire Hathaway Inc. (BRK.A). With over $112 billion in U.S. Treasury Bills and cash equivalents at year-end 2018, per its annual report,...

BitFunder Founder Pleads Guilty To US Fraud Charges

Jon Montroll, a 37-year old founder of now defunct securities investment platform BitFunder and crypto exchange WeExchange, has pleaded guilty to federal charges that he stole...

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Jon Montroll, a 37-year old founder of now defunct securities investment platform BitFunder and crypto exchange WeExchange, has pleaded guilty to federal charges that he stole his customers’ deposits and lied to US regulators investigating hackers’ theft of virtual currency. The US Attorney for the Southern District of New York said in a statement on Monday that Montroll, also known as Ukyo, who...