Bitcoin a Ponzi Scheme? ‘Black Swan’ Author Taleb Thinks So
Bitcoin critic Nassim Taleb has termed the crypto asset as an open Ponzi scheme and failed currency, reports Markets Insider. Taleb, who is the “Black Swan” author, has downplayed any…
Vebitcoin, Another Turkey’s Crypto Exchange Collapses. Accounts Freezed
Vebitcoin has stopped operating citing worsening financial conditions, according to Bloomberg. The collapse has left CEO Ilker Bas and three other employees in custody. Following the collapse, Tukey’s Financial Crimes…
Apple Targeted in Ransomware Attack as Taiwanese Manufacturer Gets Hacked
Hackers are attempting to extort Apple in exchange for keeping private files stolen from its manufacturer Quanta, according to NBC. Hackers took the files from Taiwanese firm Quanta, which makes…
UK Retail Sales Surge 5.4% in March on Easing of COVID-19 Restrictions
The UK recorded a 5.4% jump in retail sales volumes last month, according to the Office for National Statistics press release. The sales jump was helped by easing of coronavirus…
Qualtrics Soars 24% after Stock Upgrades on Robust Quarter, Raised Guidance
Qualtrics International stock rose 24% on Thursday after price target upgrades to the range of $41-$48. The upgrades followed a revenue jump of 36% year over year to $238.6 million,…
Canada’s Cannabis Sales Hit a Robust 118% Growth in 2020
Canadian adult-use sales of cannabis jumped 118% to $2.6 billion in 2020, from $1.2 billion in 2019, according to Brightfield Group’s report. By the end of the year, the adult-use…
Intel Outlines Chip Plans as CEO Warns of Shortages for Two More Years
Intel Corp.’s new CEO Pat Gelsinger expects the global chip-supply constraint to last for two more years, reports The Wall Street Journal. Gelsinger says supply constraints will continue until more…
Snap Narrows Down Net Income Losses as Revenues Climb 66% in the First Quarter
Social Media entity Snap Inc. recorded a revenue of $770 million in Q1 2021, a jump of 66% from the previous year, according to the company’s press release. The revenue…
Founder of Turkey’s Crypto Exchange Thodex Flees Creating Uncertainty over Funds
27-year old founder and CEO of Thodex, one of Turkey’s largest crypto exchanges, Faruk Fatih Ozer has fled the country, according to Bloomberg. The exchange said it lacked financial soundness…
America’s Wealthy Could Pay Tax of Almost 43.4% in Biden’s Next Economic Package
U.S President Joe Biden prepares to almost double capital gains tax rate for the American wealthy to 39.6% in the next economic package, according to Bloomberg. Those earning $1 million…
AT&T Releases Q1 Results. Revenues Grew 3% YOY
AT&T generated revenues of $43.9 billion in Q1 2021, up 3% from $42.8 in the same quarter of 2020, according to the company’s press release. The earnings per share was…
Existing-Home Prices Hits a Record High of $329,100 in March as Sales Fall
Existing-home prices rose at an annual pace of 17.2% in March, to reach a fresh record high of $329,100, according to the National Association of Realtors press release. All regions…
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