News China Slumps, Pinterest Drops, Bitcoin Plunges: CEO Daily for...

China Slumps, Pinterest Drops, Bitcoin Plunges: CEO Daily for May 17, 2019


- Advertisment -

China Slump

Say hello to another glum day on the markets, courtesy of the U.S.-China trade war. China doesn’t seem keen to resume trade talks due to American “insincerity” and tariff threats, and Beijing is indicating it will prop up the domestic economy with stimulus measures. The Hang Seng is down 1.2% and the Shanghai Composite 2.5%, the Stoxx Europe 600 is down 0.6% and U.S. futures look in line with Europe. Bring on the weekend! Bloomberg

Pinterest Drops

Wall Street may have liked Pinterest’s Q1 sales, which slightly beat estimates, but not so much its full-year outlook. After the digital scrapbooking company released its first post-IPO results, its shares dropped as much as 19%. Its growth seems to be slowing, and profitability is not in sight yet. Fortune

Google Antitrust

Google is facing a new antitrust inquiry, this time in Italy, where it stands accused of using its Android market dominance to stymie a charging-station-finding app from the energy giant Enel. Google allegedly refused to integrate Enel’s app into its Android Auto system, which would allow it to be used on the dashboard while driving. Guess what you can use to find charging stations while driving: Google Maps. CNBC

Bitcoin Plunge

Bitcoin has been on a tear recently, but—surprise!—the party is over. Having peeked over the $8,000 threshold yesterday, the value of the most famous cryptocurrency dropped as low as $7,180, per Coinmarketcap data (Coindesk reports there was even a trade at $6,600.) At the time of writing, one bitcoin is trading at $7,285. Coindesk



Please enter your comment!
Please enter your name here

Latest news

Crypterium Signs New Partnership with Apple Pay, Unveils its Virtual Card

In late 2017 when Bitcoin and other digital assets became quite popular, the consensus amongst enthusiasts was...

Top 5 Crypto Invoice Services for Making Business Administration Simpler

In the current economic landscape, the cryptocurrency’s worldwide adoption is picking up at an ever-increasing pace.

Data-Intensive Sector Has A Lot More To Explore With Blockchain Technology

Blockchain technology in Data-Intensive sectors is gaining huge recognition in the market. It is used in building...

4 Tips on How To Succeed on Bitcoin Trading

Bitcoin is a type of cryptocurrency which has grabbed the attention of countless people from different countries....
- Advertisement -

The First Cryptocurrency Bank License Is Now Granted

This is a historic development. A milestone in Bitcoin's path to broad acceptance and recognition. The State...

Yield Farming Program “Volcano” Kicks off Dutch Auction for Cryptokitties KittieFIGHT Game

In the fall of 2017, along with the rallying of Bitcoin and other digital assets, Cryptokitties dominated...

Must read

- Advertisement -

Read Next
Recommended to you