Legendary investment firm SoftBank, which was once but a Japanese telecom provider, plans to plow another $750 million into the WeWork IPO, according to a report in The Wall Street Journal. This would be in addition to the $2 billion it invested earlier. This looks like a classic case of SoftBank averaging down from its […] The post SoftBank Doubles Down on Its WeWork Loss appeared first on CCN.com
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Critics have been trying to spread fear, uncertainty, and doubt on the No. 2 cryptocurrency in light of its scaling issues. It’s true that Ethereum is struggling with congestion as network utilization is above 94 percent. As a result, it becomes costly to run applications. Nevertheless, the cryptocurrency’s biggest problem appears to be its source […] The post 3 Solid Reasons Why Ethereum Looks Stronger Than Ever appeared first on CCN Markets
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Payday could finally be coming for some college athletes. California Senator Nancy Skinner just tweeted that her SB 206 bill won unanimous approval from the Assembly Appropriations Committee. Yes! My bill, #SB206 — which will give California college athletes the rights to monetize their name, image, and likeness — just won unanimous approval from the […] The post College Athletes Move a Step Closer to Getting the Money They Deserve appeared first on CCN Markets
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Apple, who was caught listening to our data earlier this month, just apologized for their privacy violations. In a post to their site, they claim that privacy is “a fundamental human right.” It didn’t seem to be when they were essentially wiretapping our Siri voice recordings. According to The Guardian, an Apple whistleblower said, “There […] The post Apple Says 'Sorry' for Completely Disregarding Our Privacy appeared first on CCN Markets
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By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook rewrote the history books with a $126 billion plunge. The social media giant weathered the storm, and FB shares are up almost 38 percent this year amid a broad […] The post Facebook Resurrection: Why FB Stock Is Poised for a 25% Rally appeared first on CCN Markets
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By CCN Markets: Fifty-three percent of countries that offer sovereign debt currently have inverted yield curves, according to one economist. If the percentage gets much higher, there is a strong possibility of a global recession. Daniel Lacalle, Chief Economist at the Madrid-based investment firm Tressis SV, delivered the news via Twitter: Percentage of inverted yield […] The post Time to Panic: Half the World's Economies Are Headed for Recession appeared first on CCN Markets
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By CCN Markets: There’s a song that says, “one is the loneliest number.” In fact, zero is the loneliest number, especially when it is preceded by a dollar sign. And $0 is where WeWork stock is going to go after the next recession hits, but don’t count on anyone else to tell you that. So avoid […] The post WeWork's IPO Will Go to Zero After the First Recession appeared first on CCN Markets
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Bradley Tusk, an early investor in Uber Technologies and its first political strategist, believes current management lacks the innovative and intense vision of founder Travis Kalanick and that Uber stock will remain in the dumps as long as that remains the case. No Confidence in Management Bradley Tusk says the reason that Uber stock is […] The post Uber Investor Mistakenly Claims Stock Is Toast Without Kalanick-Like CEO appeared first on CCN Markets
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