Dow Catnaps While Economic Data Dump Bludgeons Recession Fears

Dow Catnaps While Economic Data Dump Bludgeons Recession Fears 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Dow, Nasdaq, and S&P 500 remained flat during the last full trading day of November. A slew of economic data releases beat estimates, bludgeoning recession warnings. The stock market will be closed on Thursday and only partially open on Friday. US stock exchanges will be closed tomorrow for Thanksgiving, but the Dow threatened to begin its holiday weekend a day early. Investors have grown immune to the oscillations of the trade war carrousel, and not even a deluge of bullish economic data could shake the Dow out of its…

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

South Korea’s biggest cryptocurrency exchanges has revealed a sizable hack. 342,000 ETH (approximately $50 million in value) were stolen from the exchange. All lost funds will be covered, according to the head of the firm. Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. Hot Wallet Hacked On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that operates Upbit, confirmed in an official statement that 342,000 ETH was transferred from Upbit’s hot…

Dow Futures Spike 140 Points as China, US Agree to Slowly Nuke Tariffs

Dow Futures Spike 140 Points as China, US Agree to Slowly Nuke Tariffs 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Dow futures rallied by over 100 points on expectation that easing trade tensions will boost the economy. Trump and Xi’s meeting has at the same time been pushed to next month. China disclosed the news but will the US be on the same page? The Dow Jones Industrial Average futures have jumped by over 100 points after the world’s two biggest economies agreed to phase out tariffs. This was revealed by a spokesperson in China’s Ministry of Commerce, Gao Feng, according to Bloomberg. Per Feng the US and China will…

The 1 Ingredient Driving Chipotle (CMG) Stock's Huge Gains

The 1 Ingredient Driving Chipotle (CMG) Stock's Huge Gains 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Chipotle (NYSE:CMG) stock is once again a star on Wall Street. It is up more than 80% year-to-date and this is even after a 7% dip from its earnings report this week. CMG Stock Update CMG is a stock that has a complicated history with Wall Street traders. Before the Fall of 2015 it was a shining star and can do no wrong. But then the love fest ended abruptly as headlines of sicknesses broke out. The stock crashed 60% as a result. Now after four years, investors have forgiven…

Three Candy Stocks With Breakout Potential Ahead of Halloween

Three Candy Stocks With Breakout Potential Ahead of Halloween 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Investors on the prowl for a dividend-paying income stock in a company with a respected brand, solid management and strong fundamentals needn’t look any further than what Halloween has to offer. These three candy stocks might make a welcomed addition to your stock portfolio just in time for the holiday: The Hershey Company, Tootsie Roll Industries, and Rocky Mountain Chocolate Factory. 1. One Hot Candy Stock: The Hershey Company (NYSE: HSY) On Jun. 12, Jim Cramer said: “The company’s relatively new management team has been executing a very smart turn around…

UFC Fighter Ben Askren Shills Bitcoin, Gets Roasted by 'Twitter Geniuses'

UFC Fighter Ben Askren Shills Bitcoin, Gets Roasted by 'Twitter Geniuses' 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Professional UFC fighter and unabashed bitcoin bull Ben Askren took to Twitter yesterday to tell everyone he’s piling up on BTC and challenge the crypto haters. In a fairly confrontational tweet, Askren dared all of the “twitter geniuses” to explain why “crypto is a scam,” resulting in several gibes at his expense. UFC Fighter Gets What He’s ‘Askren For’ There’s a fair bit to unpack here. The responses are a mish-mash of crypto haters ragging on crypto, crypto supporters also ragging on crypto, the odd crypto aficionado actually supporting Askren,…

Dow Futures Slide 100 Points as Elizabeth Warren Edges Near White House

Dow Futures Slide 100 Points as Elizabeth Warren Edges Near White House 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Dow Jones Industrial Average (DJIA) futures fell in early trading Tuesday, pointing to another miserable day on the stock market. Traders appear increasingly nervous about Elizabeth Warren’s momentum as she emerges as the Democratic front-runner going into the 2020 presidential election. One investor joked that “they won’t open the stock market if Elizabeth Warren is the next president.” Well, the prospect grows increasingly likely. Warren now leads Joe Biden in three separate polls and she’s top of the prediction markets by a strong measure. Warren’s aggressive anti-Wall Street policies (such…

Hong Kong Protesters Get Creative to Flout Anti-Mask Ban

Hong Kong Protesters Get Creative to Flout Anti-Mask Ban 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Protesters are finding innovative ways to circumvent the oppressive anti-mask ban which came into effect in Hong Kong on Friday. The emergency law is unprecedented in the city’s China-led history as chief executive Carrie Lam looks for every available tool to quell the unrest. Locals are gathering on social media to post workarounds to the ban, including this clever protest hairstyle tutorial on Twitter: Two people were arrested on Monday morning and charged with illegal mask-wearing. AFP reports that supporters subsequently flooded the courtroom and covered their faces in defiance…

Zuckerberg Practically Begs Bernie to Smack Him With $5 Billion Tax

Zuckerberg Practically Begs Bernie to Smack Him With $5 Billion Tax 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Facebook CEO Mark Zuckerberg would pay more than $5 billion in wealth tax during the first year of a Bernie Sanders presidency. But the social media boss claims he wouldn’t mind the 8% hit to his net worth. Mark Zuckerberg: ‘No one deserves to have that much money’ In a live-streamed Q&A session, the Facebook billionaire eagerly affirmed Sanders’ bold claim that the 0.1% of wealthiest Americans hold obscene amounts of wealth. However, Zuckerberg declined to say what constituted the maximum wealth that an individual should be allowed to have,…

Bitcoin to Head to $7,400 in the Near-Term Warns Technical Analyst

Bitcoin to Head to $7,400 in the Near-Term Warns Technical Analyst 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin’s bounce from lows of $7,714.70 on September 30th gave bulls a solid reason to be optimistic. At that point, the number one cryptocurrency shed over 44% of its value from the 2019 top of $13,880. To some traders, this price action is not out of the ordinary. More importantly, they expect bitcoin to resume its uptrend soon. Trader Rekt Capital is unfazed by the current bitcoin pullback. | Source: Twitter Unfortunately, the bounce was short-lived and bitcoin resumed its bearish trend. While this move caught many retail investors off…