Tesla Model 3 Suffers in US-China Trade War as MAGA Takes Over

By CCN: The core computer of Tesla’s Chinese-made Model 3, known as the ‘Brain’, was rejected for exclusion from Donald Trump’s 25% tariffs. Tesla had applied for exclusion from the surcharge placed on Chinese-made goods but was rejected. The product was deemed too important to China in the trade war. Tesla Wins No Favors in […]

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Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report

By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem. Facebook is reportedly in discussions with “dozens of financial firms […]

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Tech Analyst’s Crazy $350 Apple Stock Prediction Is Dead Wrong

By CCN: Even prior to Apple delivering strong earnings that beat estimates, tech stock analyst Gene Munster said that Apple would rise 70% over the next two years. With today’s earnings announcement from Apple, it may initially appear that he’s right. Munster told CNBC: “There’s meaningful upside to the Apple story. I suspect that this […]

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Impressive Earnings Catapult Starbucks Stock to a Record High

By CCN: Starbucks continues to crush it globally, delivering another quarter of strong earnings growth, on the backs on impressive same-store sales growth. Global comparable store sales increased 3%, driven by a 4% increase in domestic average ticket, and 2% in China/Asia Pacific. Starbucks’ stock raced to a new high as investors welcomed a stronger-than-expected […]

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OxyContin-Stained Sackler Fortune Too Toxic for This Woke Hedge Fund

Under fire for fueling the opioid crisis, the billionaire family that controls OxyContin maker Purdue Pharma LP has been booted from a large hedge fund, the Wall Street Journal reports. Hildene Capital Dumps Family Behind OxyContin Fortune Last year, Hildene Capital Management, which manages some $10 billion in client assets, notified Sackler family investment entities […]

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Amazon ‘Momazonians’ Demand Free Childcare by Confronting Jeff Bezos

Self-proclaimed “Momazonians,” a group of roughly 1,800 female Amazon employees, are demanding that the company provide them with backup daycare, and they’re taking their protest straight to the desk of CEO Jeff Bezos. ‘Momazonians’ Organize to Demand that Amazon Provide Employee Childcare Despite startling stats which support a much higher level of engagement and retention […]

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Fmr. Apple Chipmaker Qualcomm Wants US Regulators to Ban Select iPhones

The tensions and bad blood between Apple and Qualcomm have just been driven a notch higher. According to Reuters, Qualcomm now wants trade regulators in the U.S. to ban the sale of some iPhones in the country. Specifically, Qualcomm wants those iPhones equipped with modems made by its rival Intel taken off shelves. With the move, […]

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Mastercard, Visa Greed Could be the Catalyst For Merchants Accepting Bitcoin

Visa and Mastercard are reportedly on the cusp of hiking fees they charge merchants who accept credit and debit cards. They could hike the fees they charge merchants as early as April, according to the Wall Street Journal. While the behemoth credit card payment processors anticipate the move will help them further line their financial […]

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