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CCN Markets Breaking Market News and Cryptocurrency Coverage

  • Bond King Says Trump Might Drop Out of 2020 Election if Economy Falters
    by Gerelyn Terzo on June 20, 2019 at 1:45 am

    By CCN Markets: Even though Donald Trump kicked off his 2020 presidential campaign last night in Florida in front of a crowd of roughly 20,000, Wall Street isn’t entirely convinced that he’s committed. Jeffrey Gundlach, who is nicknamed the Bond King and whose firm DoubleLine Capital oversees $115 billion in AUM, told Fox Business that there’s a chance the president could change his mind. “If the economy goes into recession, and he can’t pull it out by removing the tariffs, there’s very little for him to run on.” Dropping Out Is Not Unheard Of While dropping out of a presidential The post Bond King Says Trump Might Drop Out of 2020 Election if Economy Falters appeared first on CCN Markets […]

  • Facebook Contractor: “It’s Like a Sweatshop in America” – One Contractor has Died & Many Fear for Their Lives
    by Lawrence Meyers on June 20, 2019 at 1:13 am

    By CCN Markets: An exposé published at TheVerge.com revealed at least one Facebook moderation center is akin to a third world sweatshop. This should come as no surprise given what we already know about Facebook’s company culture. Facebook Whistleblowers Step Forward Facebook outsources moderation services to Cognizant, a publicly-held $35 billion firm that apparently does not care about its work conditions. Three anonymous Facebook contractors breached their non-disclose agreements to inform TheVerge about the conditions. They include death of one worker via heart attack, filthy conditions at workstations and bathrooms, bedbug infestation, sexual harassment, verbal and physical altercations, frequent marijuana The post Facebook Contractor: “It’s Like a Sweatshop in America” – One Contractor has Died & Many Fear for Their Lives appeared first on CCN Markets […]

  • Have We Reached Peak Binance?
    by P. H. Madore on June 20, 2019 at 12:39 am

    By CCN Markets: Ah, Binance. Many of us remember the original idea. Plenty of us decided to pass on the ICO, which has provided some of the highest returns of any investment in recent times. ICO To King of Crypto There were plenty of good reasons to pass on the ICO. The only stated purpose of the token at the time was that it would give you a discount on trading. There was no reason to believe that Binance would suddenly become a massive destination for traders. Fast-forward a couple of years, and Binance is many things. Binance is a The post Have We Reached Peak Binance? appeared first on CCN Markets […]

  • Uber’s “Crypto” Libra Support Could Be The End of The Giant
    by P. H. Madore on June 20, 2019 at 12:29 am

    By CCN Markets: There’s a lot of irony in Uber’s lack of crypto acceptance contrasted with its support of Facebook’s Libra project. The company will play a vital role in the early stages of the network, and presumably, it will be one of many vendors who accept the “crypto” out of the gate. Several companies have already agreed to accept the Libra. The Libra can be used in a myriad of ways, from sending money to loved ones to paying overseas contractors. What will be interesting to see is whether a vibrant network of Libra-to-cash methods emerges. Will we have ATMs The post Uber’s “Crypto” Libra Support Could Be The End of The Giant appeared first on CCN Markets […]

  • Tyler Winklevoss Bets Bitcoin Is Headed to $15,000 Once It Hits This Level
    by Mike Brown on June 19, 2019 at 11:40 pm

    By CCN Markets: The bitcoin price is rising, and Tyler Winklevoss thinks it could see significant gains if it can break through the $10,000 point. The co-founder of the Gemini exchange posted on Twitter that if the world’s highest-valued cryptocurrency moves past that price, it could shoot further to reach $15,000. He tweeted: “If bitcoin breaks 10k, you can bet it’s going to break 15k.” If bitcoin breaks 10k, you can bet it’s going to break 15k…👍🏻🚀 — Tyler Winklevoss (@tylerwinklevoss) June 19, 2019 Bitcoin Has Momentum on Its Side Bitcoin has seen modest gains in recent months. It has The post Tyler Winklevoss Bets Bitcoin Is Headed to $15,000 Once It Hits This Level appeared first on CCN Markets […]

  • – Dow Could Top 30,000 Soon, Impending Recession is “Greatly Exaggerated”
    by Samantha Chang on June 19, 2019 at 11:12 pm

    By CCN Markets: The stock market has been booming, so don’t be surprised if the Dow soars to 30,000 within the next 12 months. That’s the bullish projection of several Wall Street veterans, including Skybridge Capital’s Troy Gayeski. Gayeski is a partner and co-chief investment officer at New York investment firm Skybridge Capital. He says there’s more than a 25% chance that the Dow will clear 30,000 by the first quarter of 2020. Gayeski says investors shouldn’t get discouraged by the constant barrage of negative headlines screaming about an impending stock market crash. Banker: FOMO Could Fuel Near-Term Stock Market The post – Dow Could Top 30,000 Soon, Impending Recession is “Greatly Exaggerated” appeared first on CCN Markets […]

  • Tesla’s Stock Has Surged 22% on This $2 Trillion Market Opportunity
    by Wes Messamore on June 19, 2019 at 10:30 pm

    By CCN Markets: Tesla’s stock is making a fast and furious comeback in June. That’s good news for shareholders after TSLA spent the first half of 2019 suffering crippling losses. Now the famed electric automaker’s stock is on the rebound. The stock is up 22% for the month. Does Wall Street Have Tesla’s Stock All Wrong? Tesla’s massive losses have led investors to fear an impending cash crunch. The company had to widen its junk bond spread to record levels this spring. With fears mounting over Tesla’s distressed credit history and the looming threat of a trade war with China, The post Tesla’s Stock Has Surged 22% on This $2 Trillion Market Opportunity appeared first on CCN Markets […]

  • Fed Not Threatened by Facebook Libra, Has No ‘Plenary Authority’ Over It
    by Tedra DeSue on June 19, 2019 at 9:50 pm

    By CCN Markets: Federal Reserve members held discussions with Facebook over the company’s Libra project. According to Federal Reserve Chairman Jay Powell during today’s press conference, monetary policy makers are not worried that Libra will replace fiat money. He said: “I think we’re a long way from that…Digital currencies are in their infancy. So essentially, not too concerned about central banks no longer being able to carry out monetary policy because of digital currencies or cryptocurrencies.” Meanwhile, regulating Facebook’s Libra is not on the agenda because the Fed doesn’t have specific authority to do so. “We don’t have plenary The post Fed Not Threatened by Facebook Libra, Has No ‘Plenary Authority’ Over It appeared first on CCN Markets […]