Stock Market Braces for UBER, PTON, CVS, and DIS Earnings

This could be another bumper week for markets as more big-name firms are due to release their third-quarter earnings. Market-moving economic numbers are scant, though, with the Fed set to release Q3 productivity figures on Wednesday and September’s consumer credit report on Thursday. This week will be a big one for 2019’s IPOs as both […] The post Stock Market Braces for UBER, PTON, CVS, and DIS Earnings appeared first on CCN.com

Read More

S&P 500 Has More Runway for Gains in Short-Term: Stock Market Prognosticator

Halloween wasn’t too kind to stocks, but things could be looking up. Marko Kolanovic is JPMorgan’s global head of macro quantitative and derivatives research, and according to CNBC, he’s also the “man that moves the markets.” That’s why when he says that the broader market could have some runway for gains in the short-term, you […] The post S&P 500 Has More Runway for Gains in Short-Term: Stock Market Prognosticator appeared first on CCN.com

Read More

Beyond Meat (BYND) Gets Crushed Post Earnings, Insider Exodus Looms

Beyond Meat posted better-than-expected earnings but dropped 9% in after-hours trading. Analysts fear both overvaluation and the prospect of a deluge of BYND shares coming on the market as 80% of the IPO stock becomes available for sale. Despite the reaction on Wall Street, Beyond Meat’s CEO Ethan Brown believes the company is on the […] The post Beyond Meat (BYND) Gets Crushed Post Earnings, Insider Exodus Looms appeared first on CCN.com

Read More

Senators Claim Video App TikTok Could Be a Trojan Horse

Ask a young person about TikTok and they’ll probably tell you it’s like Vine, only weirder. The meme-powered short-video site has turned into a most serious business, however. Last year, TikTok’s owner, the Chinese firm ByteDance, obtained financing at a jaw-dropping $78 billion valuation. That helped TikTok pass Uber for the world’s most valuable startup […] The post Senators Claim Video App TikTok Could Be a Trojan Horse appeared first on CCN.com

Read More

Billionaire ‘Death Tax’ Swipes $165M from Average Heir – Here’s What It’ll Cost Warren Buffett

Billionaire Warren Buffett is ahead of the curve in life and in death. Because the Oracle of Omaha still lives in his beloved-Nebraska, his heirs will be exempt from a state death tax (also known as the estate tax). Whereas the Jeff Bezos estate would lose an extra $12 billion in estate taxes if he […] The post Billionaire ‘Death Tax’ Swipes $165M from Average Heir – Here’s What It’ll Cost Warren Buffett appeared first on CCN.com

Read More

Bill Gates Only Needs 16 Minutes to Plug His City’s $500 Million Budget Hole

Medina, Washington, where the world’s second-richest man Bill Gates lives is in financial trouble. The city of 3,200 residents is projecting a budget deficit of $0.5 million by 2020. If left unchecked this could balloon to $3.3 million by 2025. In just seven months, the net worth of the Microsoft co-founder has grown by $9.5 […] The post Bill Gates Only Needs 16 Minutes to Plug His City’s $500 Million Budget Hole appeared first on CCN.com

Read More

BlizzCon Diablo 4 Announcement Looks Increasingly Likely

Mounting rumors suggest Blizzard may be on the cusp of announcing Diablo 4 at this year’s edition of BlizzCon later this month. Although speculation about whether Blizzard will or won’t announce the next Diablo title has become somewhat of a ritual at this point, all signs point towards this being the year it happens. Art […] The post BlizzCon Diablo 4 Announcement Looks Increasingly Likely appeared first on CCN.com

Read More

Elon Musk’s SpaceX Starship and Humanity’s Manifest Destiny

Elon Musk tweeted Friday that SpaceX’s new reusable Starship will make “life as we know it” multi-planetary. The tweet came mere hours before a much-anticipated presentation in Texas near Boca Chica. Starship will allow us to inhabit other worlds — Elon Musk (@elonmusk) September 27, 2019 On Saturday, Musk will reveal the prototype Starship Mark […] The post Elon Musk’s SpaceX Starship and Humanity’s Manifest Destiny appeared first on CCN.com

Read More