Category: CCN

The Dow and broader U.S. stock market extended their slide Monday after an inverted yield curve stoked fears of an impending recession for the world’s largest economy. Dow Extends Slide; S&P 500, Nasdaq Follow All of Wall Street’s major indexes continued lower at the start of the week, reflecting a tepid pre-market session for Dow futures. The Dow Jones Industrial Average declined by as much as 128 points before paring losses later in the session. The index was last down 62 points, or 0.2%, to 25,440.08. The broad S&P 500 Index of large-cap stocks declined 0.4% to close at 2,790.73.

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According to the Wall Street Journal, Chicago Fed President Charles Evans said at the Credit Suisse Asian Investment Conference in Hong Kong that he does not foresee the Federal Reserve increasing its benchmark interest rate until 2020, which could benefit the Dow Jones in the long run. Chicago Fed Rate Forecast Should Help Dow Recover While Evans remained reluctant to provide a conclusive comment on whether the Fed will maintain its rate considering various factors that may affect the economy of the U.S., the Fed president said that the U.S. economy is currently in a strong position. Fundamentals in the

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Maximine Coin’s MXM token is one of the leading performers in the crypto land for March. The MXM-to-dollar rate today surged to 0.094, up 754.5-percent since the month’s open, in an aggressive upside swing. In the past 24 hours itself, the pair posted maximum gains, rising 30-percent on an adjusted timeframe. Simultaneously, MXM performed reasonably well against top crypto assets; it jumped 30.77-percent against bitcoin and 31.47-percent against ether. The MXM’s market capitalization jumped approx $134 million between March 1 and today. Given the coin was and continues to be available on only a handful of crypto exchanges, the surge

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As Ripple emerges as the latest form of global transaction company, it continues to shine as one of the world’s top blockchain projects. Ripple’s accomplishment is a result of strategically building its implementation of blockchain technology to service existing financial tycoons and banking corporations. Ultrain’s plan to deliver key services to existing companies shares a similar strategic advantage, which has been at the core of the project since initiation. Although not involved in banking or payment, Ultrain is devoted to provide trusted computing services to enterprise clients and empower traditional industries with blockchain technology, that resemblance reminds many of Ripple.

The post “Ripple” of China? Ultrain Is Leading a New Era of Public Blockchain appeared first on CCN

The debacle is over. After two long and wasteful years, special counsel Robert Mueller has submitted his report to the Department of Justice (DOJ) only to prove what many of us already knew… That no collusion occurred between President Trump and Russia. Muller’s report says that neither Trump, nor any of his aides coordinated or conspired with Russian officials during the 2016 presidential election. He is also suggesting that no further indictments take place. In the Clear? The President celebrated in traditional Trump fashion by taking to Twitter to present the news: No Collusion, No Obstruction, Complete and Total EXONERATION.

The post Despite Trump’s Victory with the Mueller Report, Dems Are Still Whining appeared first on CCN

Robert Kraft — the billionaire owner of the New England Patriots — issued a formal apology after being arrested in a Florida prostitution sting. But why should the 77-year-old widower apologize? Because he paid for oral sex at a seedy massage parlor? Who cares? Robert Kraft: ‘I Am Truly Sorry’ “I am truly sorry,” Kraft said in a March 23 statement. “I know I have hurt and disappointed my family, my close friends, my co-workers, our fans and many others who rightfully hold me to a higher standard.” “I have extraordinary respect for women. My morals and my soul were

The post Robert Kraft Apologizes for Paid Handjob, But He’s the One Deserving the Apology appeared first on CCN

Apple launched a film and TV streaming service on Monday, going head-to-head with Netflix. Netflix executives laughed off the threat, joking that Apple is “very late to the game.” True, Apple is late. Netflix has a decade-long head-start and even Amazon jumped on the trend in 2011. But it doesn’t matter how late Apple gets into the game, it always destroys the competition in a matter of years. Think Apple has lost all direction and creativity? Think again. Here’s why Apple could make Netflix obsolete. It’s show time. Tune in March 25th at 10 a.m. PT to watch our #AppleEvent

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