CCN

Australian Police Seize Illegal Gun Runner’s Bitcoin to Cash 2000% Profit

Australian authorities have become unwitting benefactors of Bitcoin’s impressive bull run in recent years. The Australia Federal Police’s latest Annual Report highlights a bust which netted them a cool 2000% profit. In it, the Feds reveals seized bitcoin worth approximately A$ 7,300 ($ 4,995) in 2016  from a man using the cryptocurrency to purchase three …

CCN

Google Shipping Trouble Blights Hotly-Anticipated ‘Stadia’ Launch

The Verge reports that not all who’ve bought into the Google Stadia pre-order hype will be able to play the console come launch day on Nov. 19 at 9 AM PST/5 PM BST/6 PM CET, further framing the launch of Google’s first console in a less than flattering light. First-Come, First-Served Google tells The Verge …

CCN

Dow Futures on Knife Edge as Boeing Faces Painful Moment of Truth

Dow Jones Industrial Average (DJIA) futures were flat in early trading Wednesday, pointing to nervous stock market on Wall Street. All eyes are on Boeing (NYSE: BA) – the Dow’s largest constituent – as it lines up to report earnings before the bell. The firm is expected to post a 46% decline in profits, just …

CCN

Zuckerberg Spins Congress: Back Facebook Cryptocurrency or Let China Win

Mark Zuckerberg will appear before Congress on Wednesday to defend Facebook’s controversial ‘cryptocurrency’ project, Libra. In his prepared remarks, the Facebook CEO will tell lawmakers that America risks losing “financial leadership” to China if they don’t get behind his company’s plan. Referring to China’s proposed digital currency, which is expected to launch before the end …

CCN

Steam Rumor Hints Electronic Arts Return to Gaming’s Favorite Online Platform

Back in 2011, Steam became all a bit much for publisher Electronic Arts (EA) as it opted to remove the majority of its games from the digital storefront in favor of its bespoke Origin gaming service launcher. Yet, according to a new rumor doing the rounds, EA may be toying with the idea of making …

CCN

Hey Boomers, Millennials are the Only Thing Saving Your Retirement from a Recession

Millennials have been stereotyped as avocado toast-loving lazy and entitled narcissists living off their parents. But according to one wealth manager, the spending power of Generation Y is what could be keeping bullish hopes for the stock market alive. Speaking to CNBC, Canaccord Genuity’s chief market strategist Tony Dwyer stated that millennials have entered a …

CCN

The U.S. Yield Curve Tells Us That a Devastating Recession Is Unavoidable

U.S. government debt yields have risen over the past two months, correcting a frightful inversion between the 2-year and 10-year Treasury notes that sparked concerns of an imminent recession. Just because the so-called ‘recession indicator’ is correcting itself, don’t be fooled into thinking the dangers have gone away. As a matter of fact, the Treasury …

CCN

Run, Don’t Walk, From Beyond Meat (BYND) Ahead Of IPO Stock Unlock

As Beyond Meat (BYND) stock continues its seemingly endless slide, prominent CNBC Mad Money host Jim Cramer is saying “run, don’t walk” away from the company’s shares. Rather than the typically cited influx of new competition, Cramer believes that a lack of liquidity pushed the stock unsustainably higher, fueling its disastrous decline. Beyond Meat Stock …

CCN

Shaq’s Refreshing China Comments Make NBA Look Stupid

Shaquille O’Neal has shown us once again why he’s one of the greatest sports personalities we’ve ever seen. While NBA figureheads speak in code and tip-toe around the China-Hong Kong controversy, the outspoken sportscaster made it all seem very simple on Tuesday night. O’Neal Gets Real During TNT’s NBA opening night pregame show, Shaq said: …