Author: 1 Bitcoins

The Dow and broader U.S. stock market extended their slide Monday after an inverted yield curve stoked fears of an impending recession for the world’s largest economy. Dow Extends Slide; S&P 500, Nasdaq Follow All of Wall Street’s major indexes continued lower at the start of the week, reflecting a tepid pre-market session for Dow futures. The Dow Jones Industrial Average declined by as much as 128 points before paring losses later in the session. The index was last down 62 points, or 0.2%, to 25,440.08. The broad S&P 500 Index of large-cap stocks declined 0.4% to close at 2,790.73.

The post Dow Extends Brutal Plunge as Recession Fears Pummel Stock Market appeared first on CCN

Microsoft search engine Bing ranked second in popularity in January. The ranking didn’t include YouTube, which by itself processes 3 billion queries per month. This ranking enabled Microsoft to have a severe impact on the dissemination of cryptocurrency advertisements in 2018, according to a “year in review” report published today. Comedy Gold: Microsoft Says 2018 Saw Bitcoin ‘Bull Run’ First, comedy gold. The Bing report wrongly claims that cryptocurrency experienced a “bull run” in 2018. “Cryptocurrency as an asset class saw a bull run in 2018, increasing valuations multi-fold.” As readers are probably well aware, 2018 was the wind-down year.

The post Microsoft Bing Trashed 5 Million Crypto Ads in 2018: Who Cares? appeared first on CCN

According to the Wall Street Journal, Chicago Fed President Charles Evans said at the Credit Suisse Asian Investment Conference in Hong Kong that he does not foresee the Federal Reserve increasing its benchmark interest rate until 2020, which could benefit the Dow Jones in the long run. Chicago Fed Rate Forecast Should Help Dow Recover While Evans remained reluctant to provide a conclusive comment on whether the Fed will maintain its rate considering various factors that may affect the economy of the U.S., the Fed president said that the U.S. economy is currently in a strong position. Fundamentals in the

The post Dow Should Rally as Chicago Fed Forecasts No Rate Hikes Until 2020 appeared first on CCN