To the surprise of almost no one, Elon Musk walked out of a federal courthouse Thursday still wearing the hat of CEO of Tesla. He was there for a hearing that resulted from the US Securities and Exchange Commission charging in February that Musk had
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Rejected Mt. Gox Victims Get Second Chance to Reclaim Lost Bitcoin
Not everyone who used Mt. Gox or even who lost money on the disgraced bitcoin exchange is entitled to receive anything from the civil rehabilitation plan, a recent document posted to the failed exchange’s website reveals. Approved creditors hav
Target Stock Jumps after Top Walmart Rival Hikes Minimum Wage
Did Target have an epiphany moment on income inequality, or has a tight labor market forced it to hike its minimum wage? Either way, it's boosting its paychecks to compete more favorably with larger competitors Amazon and Walmart. In a statement,
Why Bitcoin is STILL Undervalued by a Staggering 64%
The bitcoin price has climbed 30% year-to-date and is holding just under $5,000 after an early-April rally, but it’s still undervalued by a ridiculous margin. Fundstrat Global Advisors co-founder Tom Lee not only believes that this week’s
Dow Surges Toward Record High after DowDuPont Spinoff
The Dow outpaced the broader U.S. stock market on Thursday, as shares of the recently divided Dow Inc. (D) surged in anticipation of a new cyclical growth period for the plastic maker. Dow Jumps as Traders Go Rabid The Dow Jones Industrial Average ro
Jeff Bezos Divorce Settlement Looks Wildly Bullish for Amazon Stock
Jeff and MacKenzie Bezos have tidied up divorce proceedings, and amazingly, Mrs. Bezos isn't dragging him to the cleaners. The world’s richest man is keeping a staggering 75% of his Amazon stock. The AMZN share price has so far been unmoved
Greedy Bitcoin Traders Drive Fees up 200% – Here’s What You Can Do
A CCN reader wrote in to ask us to explain why he has 13 payments pending in the Bitcoin blockchain. The answer is simple enough: at any time, the Bitcoin main chain can become congested. The only way to ensure Bitcoin payments arrive in a very timel
LOL: Trump to Fill Vacant Fed Post with Pizza Tycoon Herman Cain
Herman Cain is reportedly set to be nominated by President Donald Trump for a spot on the Federal Reserve. If appointed, the pizza chain executive’s nomination would round out Trump's history of laughable appointments to senior positions si
TradeWeb IPO: Lyft a Cautionary Tale as TW Stock Rockets 25%
The TradeWeb IPO launched on Thursday, and shares are up over 25%. The OTC electronic trading outfit is the latest ” unicorn? to go public this year, following Lyft's highly publicized listing on the Nasdaq. As short seller's pile into
Bitcoin Cash Price Drops 10.7% – Has the Massive Crypto Rally Stalled?
The bitcoin cash (BCH) price endured a significant correction on Thursday as the fifth-largest cryptocurrency dropped 10.7-percent from its session high. Top Cryptocurrencies Pull Back from Recent Highs The BCH-to-dollar rate had surged around 100-pe