Online retail giant Amazon loathes rival Walmart so much that it’s slashing prices on 500 grocery items at its Whole Foods subsidiary just to crush Walmart into the ground. That’s what CNBC commentator Jim Cramer claims. “They hate, hate, hate Walmart!” said Cramer. “Walmart is the biggest grocery chain in the country. Amazon will stop at nothing to take away the share that Walmart has gained.” Amazon Will Go Scorched-Earth if Necessary On April 1, Whole Foods announced that it’s reducing prices on 500 grocery items, with a focus on fresh produce and meats. The sale is part of
The post Amazon ‘Hates’ Walmart, Schemes to Kill Rival in Bloody Price War appeared first on CCN
Global blockchain applications in telecoms will generate a revenue of $1.37 billion by 2024, according to a new report
Bitcoin is primed for a bull run to $7,000 later this year, says a major global asset management and financial advisory company in comments early Tuesday morning. DeVere: Crypto Winter is Over & Bitcoin Will Boom Nigel Green, founder and chief executive of DeVere Group, a $10 billion financial advisory and wealth management firm for high net worth individuals, says crypto winter is over: “I’m now calling that the market has bottomed and the so-called crypto winter has come to an end. I believe Bitcoin will now move higher over the next few weeks and months, making steady gains for
The post $10 Billion Wealth Advisor: Global FOMO Primes Bitcoin for 40% Surge appeared first on CCN
The Dow lagged the rest of the U.S. stock market on Tuesday after Walgreens admitted that its generic drug business struggled last quarter, raising fresh alarm over the health of Wall Street corporate earnings. Dow Lags the Wider U.S. Stock Market The Dow Jones Industrial Average was off by as much as 136 points on Tuesday, reflecting a shaky pre-market session for U.S. stock futures. The blue-chip index would settle down 79.29 points, or 0.3%, at 26,179.13 Twenty-one of 30 index members traded lower. The broad S&P 500 Index of large-cap equities fluctuated between gains and losses before settling flat
The post Dow Dives 79 Points as Walgreens Paves Way for Brutal Earnings Season appeared first on CCN
Ernst & Young has argued that the now-defunct Canadian crypto exchange QuadrigaCX should be placed in bankruptcy rather than undergo a restructuring process
Theresa May is now backing an extension to Article 50. In a wild turn of events, the UK’s prime minister who has long opposed elongating the Brexit process is now pushing to leave “before May 22nd.” Just for fun, here’s a video of Theresa May pushing back against the idea in February. Theresa May Now Seeking Unity With Labour’s Jeremy Corbyn While Theresa May has zero credibility, it’s staggering that she is still here at this point. She appeared to be resigning a week ago, but only offered her head as a last-effort to make her party vote for her
The post Brexit Bombshell: What Theresa May’s Shock Article 50 U-Turn Means for UK appeared first on CCN
Funded by Coinbase, Placeholder, Bain Capital and more, UMA is creating decentralized synthetic assets for all. Co-founder Hart Lambur joins host Jason Choi to discuss:
- Why decentralize derivatives?
- How does UMA differ from dYdX and other projects?
- UMA's decentralized "US Stock Index" token
- What UMA means for the wider DeFi ecosystem
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Host: Jason Choi (@MrJasonChoi).
Not finance advice. Spartan Capital and/or Jason may or may not have positions in assets discussed on the show.
Disclaimer: Jason Choi is an investor at Spartan Capital, the hedge fund arm of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries and personnel. This podcast is for information purposes only and should not be relied upon as a basis for investment decisions. The Spartan Group and its clients may hold positions in assets described in the episode. Detailed‚disclaimers available at jasonchoi.me and‚spartangroup.io/disclaimer
In response to a tweet lauding her for her stance on congressional protection for whistleblowers, Alexandria Ocasio-Cortez tweeted that “solitary confinement is torture” and specifically called on the United States to release Chelsea Manning. Related: Chelsea Manning has been trapped in solitary confinement for refusing to answer questions before a Grand Jury. Solitary confinement is torture. Chelsea is being tortured for whistleblowing, she should be released on bail, and we should ban extended solitary in the US. https://t.co/95ef4xYt3k — Alexandria Ocasio-Cortez (@AOC) April 2, 2019 Is AOC Right to Categorize Solitary Confinement as Torture? Chelsea Manning’s detainment may come as
The post Alexandria Ocasio-Cortez Demands Justic for ‘Tortured’ Chelsea Manning appeared first on CCN
Two “blockchain-ready” food safety products have been introduced by multinational food technology giant Bühler
As Bitcoin’s sudden rally higher captures the world’s attention, it is not only the cryptocurrency investment that is racing back into the light. Any company associated with BTC is experiencing a green day, and naturally, Riot Blockchain (RIOT) is no exception. Despite fading a lot of its daily gains, the crypto mining outfit is still up more than 20%, outperforming most cryptocurrencies. Riot Blockchain Lives and Dies With the Bitcoin Price Most articles in the mainstream financial media are pushing the “no-one knows” line about the rally in the Bitcoin Price. Anyone who read this article on CCN yesterday knows
The post Bitcoin’s Mammoth Rally Caused This Nasdaq Stock to Surge 20% appeared first on CCN
The moment the crypto community has been waiting for has finally arrived, (for now). Out of nowhere, Bitcoin has demolished resistance levels and the crypto market is showing bullish signals. In times like these, your portfolio will multiply by itself, but if you really want the most out of this bull run, let’s see how crypto lending can help. Alternatively, we’ll show you a few tips to hedge your portfolio in case this “pump” becomes a “dump.” HOW TO BUY MORE CRYPTO FAST IN A BULL MARKET: YOUHODLER In both bullish and bearish markets, time is an important factor. Depositing
The post Crypto Lending: Quick and Easy Way to Multiply Your Portfolio (and Protect it) appeared first on CCN
Billionaire Elon Musk has a favorite cryptocurrency — Dogecoin (DOGE). We knew Musk was a fan of crypto after he touted the brilliance of bitcoin, suggesting paper money would eventually disappear. His preference for Dogecoin comes as a welcome surprise and has emboldened the meme-happy community. After months of the crypto community trying to get Musk’s attention with the BTC Lightning Torch, the Tesla founder finally took the bait, only it wasn’t bitcoin. Musk responded to an April Fools’ Dogecoin poll in which he is named among potential CEO candidates alongside heavy blockchain hitters Vitalik Buterin, Charlie Lee, and Marshall
The post Elon Musk Reveals His Favorite Crypto – Hint: It’s Not Bitcoin appeared first on CCN
Following a weak opening, the Dow Jones slipped by 0.33 percent to 26,172 on Tuesday, maintaining the 26,000-point level but disappointing investors after a strong week of gains. Despite the optimism of investors surrounding the Federal Reserve’s reluctance towards increasing its benchmark interest rate, strategists are not convinced that the Dow is ready for a full-fledged rally. Markets Preparing the Worst, Will it Zap the Dow Rally? The Dow is said to have slipped since the opening due to the 11 percent plunge in the share price of Walgreens Boots Alliance as it lowered 2019 estimates. “A number of the
The post Analyst: World ‘Preparing’ for the Worst – Is the Dow Rally Doomed? appeared first on CCN
The bitcoin price briefly crossed the $5,000 in several major regions on April 2, officially surpassing the $4,800 mark in global average price. The somewhat expected increase in the price of bitcoin left many investors, including industry executives, bewildered about the factors that led the dominant cryptocurrency to surge. 1st Factor: A Purely Technical Move Throughout the past week, CCN reported that the $4,200 resistance level is crucial for the near-term price movement of bitcoin and once the level is breached, there exists a possibility it leads to a significant upside movement above $4,500. As soon as an $80 million
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