U.S. Stock Market to Falter for Rest of 2020 Despite Unlimited Fed Ammo

Citigroup’s year-end price target for the S&P 500 Index is roughly 9% lower than Monday’s close. BlackRock also sees significant headwinds for the U.S. stock market. China has been the latest source of market optimism, thanks to a massive liquidity boost from Beijing. The Dow and broader U.S. stock market are riding high again, fueled …

3 Reasons Why COVID-19 Might Keep Your Jobs Longer Than You Think

Many lost jobs in the U.S. are unlikely to recover due to disruptions in supply chains and consumer demand. A study from the University of Chicago suggests that even a vaccine may not aid economic recovery. Nobel laureate Joseph Stiglitz predicts double-digit unemployment until 2022. When the U.S. recovers from the coronavirus pandemic and reopens …

Dow Futures Slump as Analysts Sound the Alarm on ‘Double-Dip’ Recession

Dow Jones futures fell by as much as 162 points Monday night. Analysts are warning of a “double-dip” recession if lockdown restrictions lead to a second wave of Covid-19 infections. Coronavirus has now infected more than 4.1 million people worldwide, according to official estimates. U.S. stock futures moved lower in overnight trading Monday, as investors …

Billionaires Clash With Elon Musk in Bid to Reopen America

Elon Musk is considering leaving California amid lockdown issues. While Musk wants the economy to reopen, other billionaires do not share his enthusiasm. President Trump is one with Elon Musk in getting Americans back to work. Tesla CEO Elon Musk is not happy with how California is handling the COVID-19 pandemic. So much so that …

This Stock Market Indicator is About to Smash The Tech Bubble Peak

The stock market growth to value ratio is at historic extremes. One hedge fund manager warns this indicates equities are in a bubble. It’s not the only indicator echoing the Dot Com bubble. The stock market has entered the doldrums after a record-setting crash followed by a record-setting rally. And first-quarter earnings season hasn’t seemed …

Blockchain Might Make Voting Worse — Not Better: Crypto Researchers

Three researchers with the Initiative for CryptoCurrencies and Contracts (IC3) are questioning whether, as some proponents claim, blockchain technology will be able to change the internet voting sector for the better. In an article published by Business Insider, the scholars argue that while blockchain technology might serve to revolutionize other industries, internet voting might be a …

Cryptocurrency Needs Regulation to Survive

In an exclusive interview with CCN, the CEO of the world’s largest Bitcoin ATM network took a hard stance against those who believe in a world where Bitcoin and its peers can survive unregulated. Sheffield Clark, whose company — Coinsource — recently installed 17 new Bitcoin ATMs in Florida, stated that cryptocurrency is not a …

Blockchain Technology Can Revolutionize Healthcare

Open Positions at CCN: Full Time and Part Time Journalists Wanted. Healthcare in developing parts of the world has remained below standard over a long period of time. The reasons for this can be related to system weaknesses in terms of leadership, governance, workforce, technology, finance among others. Traditional implementations in attempt to achieve lasting …