U.S. House Rep. Alexandria Ocasio-Cortez and other New York politicians just chased off 25,000 Amazon jobs that could have created salaries of at least $115,000 jobs each. Unfazed and stunningly arrogant, these politicians are taking a victory lap following their dubious success. AOC’S CRINGEWORTHY RESPONSE TO AMAZON DECISION CS reported earlier today that Amazon...
On Valentine's day, major investment bank JPMorgan showed some love to cryptocurrencies. Well, sort of. (Updates throughout the entire text.) In a few months, the banking giant with a USD 2.6 trillion balance sheet, plans to start trials of JPM Coin, the centralized digital token created by the financial giant to instantly settle...
Rumors that an Apple streaming service was in the works have been running rampant for months. While Apple has not confirmed anything, several news outlets reported Wednesday that “sources familiar with the matter” told them about Apple’s efforts being close to coming to fruition. The exact date varies, but it...
The chance of a Bitcoin exchange-traded fund (ETF) gaining approval this year is slipping away. Securities and Exchange Commissioner Hester Peirce yet again downplayed the prospect of a Bitcoin ETF on Tuesday. Known as “Crypto Mom” for her unwavering support for bitcoin, she blamed “arcane rules” at the Securities and...
There be no shelter from Amazon. The retail titan is rapidly expanding in so many directions that its front lines of competition are everywhere. Amazon is currently sending shockwaves through four different marketstotaling $220 billion in value. Two of them are underway, one is a threat, and one is an opportunity. The fourth is a...
American social news aggregation site Reddit has raised $300 million in a Series D funding round at a market valuation of $3 billion. The capital injection was led by Chinese multinational conglomerate Tencent Holdings who invested $150 million into the social site. So far, Reddit has raised $550 million in total...
A California-based engineer lost the entirety of his life savings after using QuadrigaCX’s cryptocurrency exchange for remittance. Tong Zou, 30, said in an interview to Bloomberg that he had opened a withdrawal request at QuadrigaCX in October 2018. According to his statements, he was planning to move to Canada at that time....
In what is the latest twist in the ongoing QuadrigaCX saga, there is some more bad news for users of the Canadian exchange, as the British Colombia Securities Commission (BCSC) said on Thursday that the exchange does not fall under its purview, which means that users are not entitled to any...
Friday started off badly for the Dow Jones industrial average, with all major stock indexes trading markedly lower right out of the gate Friday morning. Nike (NKE) defied gravity at the start of the session after an analyst price-target hike, but got dragged back down to earth with Apple (AAPL), Chevron (CVX), Exxon Mobil...
Litecoin (LTC) has increased by more than 10 percent in value in the past 3 hours from $33 to $38, becoming the 4th largest currency in the global crypto market. EOS, which secured its position as the 4th most valuable cryptocurrency behind Bitcoin, Ripple, and Ethereum since 2018, was surpassed...
