Markets

As it tries to save itself from other disappointments, Boeing has fired its CEO Dennis Muilenburg. The decision was made necessary because of problems that stemmed from two separate incidents of fatal crashes of the Boeing 737 Max.The new Boeing CEO announcement caused BA stock to rise by 3% to $337.55 shortly after it was publicized. Regardless, prices are still down about 20% ever since the March 10 crash. The general consensus from much of Wall Street is that Boeing could have done a lot...

Bloomberg Markets editor bashes the Bitcoin Stock-to-Flow model for allegedly mispredicting the cryptocurrency price. Joe Weisenthal says scarcity is not an influential factor in pricing bitcoin in the future. People only need to bid up the price of existing bitcoin to make it more expensive, he argues. A price forecasting model that predicts bitcoin at a $100,00 valuation by Christmas 2021 is complete nonsense, according to Joe Weisenthal.The Bloomberg Markets editor questioned the...

Yesterday, before the market closing, a milestone event took place. Tesla stock reached $420 per share, which made a new record height for the company. Besides, this jump brought Tesla’s market cap to more than $75 billion.Reacting to Tesla stock growth, the company’s founder Elon Musk tweeted:Whoa … the stock is so high lol— Elon Musk (@elonmusk) December 23, 2019It is notable that last year when the price was about $379.57 per share, Elon Musk stated he had a buyer that would take Tesla...

Tron price started a fresh decline after it failed to surpass the $0.0160 resistance against the US Dollar.TRX price is now trading well below the $0.0142 and $0.0145 resistance levels.There was a break below a major bullish trend line with support near $0.0140 on the 4-hours chart (data feed via Bitfinex).The bears are likely to gain momentum if there is a clear break below the $0.0132 support.TRON price is showing a few bearish signs against the US Dollar and bitcoin. TRX price remains at a...

Ethereum price is facing a strong resistance near the $135 and $140 levels against the US Dollar.ETH price is under pressure and it might struggle to stay above the $125 support.There is a major bearish trend line forming with resistance near $134 on the 4-hours chart (data feed from Coinbase).The price remains at a risk of further losses unless it surpasses $134, $135 and $140.Ethereum price is facing a couple of key hurdles against the US Dollar. ETH/USD is trading above $125, below which...

Place/Date: Vancouver, Canada - December 23rd, 2019 at 9:29 pm UTC · 3 min read Contact: [email protected], Source: 3Commas As 2019 draws to a close, it’s time to reflect on our team’s tremendous efforts, growth, and significant launches throughout the year.What many consider to be the best crypto-asset management platform in the world, 3commas was born out of the passionate efforts of a handful of crypto evangelists and experienced computer security experts who sought to overcome the...

At the time of writing, bitcoin is on something of a rebound. The currency has recently spiked back into the $7,100 range despite falling to $6,800 as early as last week, but one source says we should have “seen this coming.”Bitcoin Is Moving on UpAccording to new data regarding mining operations, the price of extracting a new bitcoin costs roughly $6,300. Thus, it’s unlikely that bitcoin will ever fall below that level. Just a few days ago, bitcoin came dangerously close to that point, but...

Joseph Davis who is the Vanguard Group Chief Investment Strategist and also its Chief Economist has said that stocks in the U.S. may reverse course by 50% in 2020. The strategist also asserted that the stocks also face the risk of being sold off in large moves by investors. Speaking to the sources, he said that:“Financial markets run the risk of getting ahead of themselves.”He pointed out that a 50% odds correction is more likely to occur than a 30% one. A correction in terms of percentage...

The Bakkt Bitcoin futures exchange, owned by the Intercontinental Exchange (ICE), has just appointed a new chief executive officer (CEO). According to an official press release, the company’s former Chief Product Officer Mike Blandina, has now been promoted to the role of CEO. Blandina already assumed the position on Friday, Dec 20.The appointment of a new CEO was necessary because the company’s founding CEO Kelly Loeffler had to leave the position after her appointment to the United States...

NULS Blockchain platform has become the latest victim on the success list of crypto hackers after a security breach leading to the theft of about $480,000 worth of NULS token. According to an official announcement about the situation on Twitter, NULS said that the hackers compromised the account of the NULS team, and a total of 2 million tokens was stolen, which is about 2% of over 73 million tokens in circulation. Cause of Attack And The Next StepOut of the stolen 2 million tokens, 548,354...