Markets

Snap Inc., the parent company of multimedia messaging app Snapchat has delivered a strong performance in Q3 2019 and beats analysts’ expectations. The company has seen a major uptick in its user-base and revenue while limiting its losses even below the expected value.The net loss has decreased to $227 million from $255 million in Q2 2019 while it has decreased nearly $100 million QoQ. Last quarter, Snapchat added 7 million daily active users taking the total tally to 210 million. There is a...

Americans have stood the test of time by making the so-called “American Dreams” a reality. Not just ones, twice or thrice, but for several decades by producing the highest number of wealthy people globally.But according to the recent annual wealth survey conducted by Credit Suisse, America is in for a rude shock after China has overhauled them as the new residence of the growing population of wealthy people around the globe.There’re 99 million Americans among the 10% wealthiest individuals in...

Even though the long-awaited Apple‘s 16-inch MacBook Pro hasn’t yet been announced, DigiTimes reports that it could be out before the end of October citing the unnamed supply chain sources.The same sources claim that Taiwan’s Quanta Computer already started producing the 16-inch MacBook Pro in shipping quantities, and are ready for stocking the stores.For now, what we know is that the computer could have a scissor keyboard that means the old, butterfly keyboard is the thing of the past now....

New analysis from Goldman Sachs says America’s largest companies could spend more than $2.7 trillion of cash next year.The report predicts that cash spending will rise by around 2% in the next year amid a rise in growth investments.The bank however claims that there will be a 6% decline in spending by S&P 500 companies this year. This shrinking comes because of the 20% slump in cash acquisition spending and a 15% decrease in stock buybacks.Still, Goldman experts believe companies in the...

ADA price struggled to surpass the $0.0400 resistance and decline recently against the US Dollar.The price is currently declining and is trading near the key $0.0375 support area.There is a major bearish trend line forming with resistance near $0.0395 on the 4-hours chart (data feed via Kraken).The price could continue to move down below $0.0375 and $0.0360 in the coming sessions.Cardano price is trading with a bearish bias against the US Dollar and bitcoin. ADA price could revisit the...

“I wanna be a billionaire so fuckin’ badBuy all of the things I never hadI wanna be on the cover of Forbes magazineSmiling next to Oprah and the Queen”That’s the words of Bruno Mars’ song ‘Billionaire” that almost everyone (in this version or his own) has in his head at some time in life. Unfortunately, a billion dollars, or even a million – is pretty hard to get. However, there is a way to get close to the dream.John (just John, no surname shared), the owner of personal-finance blog ESI...

Over the past two days and following the nice $400 price jump, Bitcoin couldn’t gain enough momentum and failed in breaking its next significant level, as stated in our previous analysis, precisely at $8400.This resulted in a devastating plunge below the $8000 level. Straight to our mentioned $7920 level (remember this from last week’s reports?). So basically, the coin is still ‘stuck’ at the same range around the $8000 mark. But now, there is another threat.A forming Head and Shoulders...

Bitcoin price failed to surpass $8,350 and $8,400 resistance levels against the US Dollar.The price is currently declining and it is trading below the $8,080 and $8,000 support levels.There is a major bearish trend line forming with resistance near $8,280 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue lower and it might revisit the $7,800 and $7,700 support levels.Bitcoin price is trading with a bearish bias below $8,350 against the US...

Ethereum needs all the help it can get these days, and with the addition of researcher Justin Drake at TechCrunch Disrupt Berlin, it just might garner the appeal it so desperately needs.Ethereum Needs Some Good PREthereum is the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin. It also boasts smart contract capabilities, which makes it one of the most popular blockchains for building new tokens and applications. Unfortunately, this popularity has...

Is it possible that altcoins could potentially disappear forever?Altcoins Don’t Have the Same Appeal They Once DidWhile they may not vanish into thin air, Adam Back – the CEO of Block Stream and the co-author of a bitcoin sidechains whitepaper – claims that the presence and stamina of presence bitcoin sidechains could lower interest in altcoins altogether, thereby making their appeal virtually non-existent.As it stands, currencies like Ethereum (ETH), Ripple’s XRP, EOS (EOS), and Litecoin...