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By CCN.com: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions. Russia and Iran previously considered using cryptocurrencies for business between the two. Iran later launched a gold-backed […]
By CCN: Tesla is getting hammered day after day on the stock market, leaving Elon Musk with no option but to adopt desperate measures to save his beloved electric car company. But Wall Street is not convinced, as one more analyst firm has joined the chorus against Elon Musk and slashed its Tesla stock price […]
By CCN: U.S. Senator Bernie Sanders (I-VT) is the poster child for the “Get Off My Lawn” cranky old man. He’s also a self-proclaimed Democratic socialist as well as a hypocrite and has no problem spreading lies to push his own agenda. Case in point: Bernie Sanders, Elizabeth Warren, and eight other commie Senators sent […]
By CCN: Elon Musk must be feeling the pressure of his SpaceX and Tesla empires crumbling. SpaceX filed a lawsuit against the federal government, alleging the Air Force Space and Missile Systems Center shouldn’t have awarded billions in contracts to other firms – including Jeff Bezos’ Blue Origin. Air Force Spots SpaceX’s Weaknesses The Air […]
By CCN: Stocks in some sectors are teetering on the brink of a bear market, and one Wall Street veteran believes it’s going to get worse. Mark Yusko, who is at the helm of Morgan Creek Capital Management, says that the bears are already out and stocks are going to finish the year lower by […]