Venezuela’s Maduro Is Running Out Of Time. So Is His Petro

Venezuela’s Maduro Is Running Out Of Time. So Is His Petro

Original Author: Tedra DeSue – Go to Original Source

By CCN: The petro token, one of the last financial schemes crafted by Venezuelan President Nicolás Maduro, will likely fall by the wayside like his regime if the uprising against him is successful. This is the corrupt, illegitimate Maduro Regime. pic.twitter.com/79sFbYrzOp — The White House (@WhiteHouse) April 30, 2019 In a move that caught many in the global community off guard, Venezuelan opposition leader Juan Guaidó called for the military to rise up and oust Maduro. As people flooded the streets in what was complete chaos, more questions arose as to what will happen to the petro. One thing is

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Bernie Sanders Shows His True Colors in ‘Avengers’-Fueled Disney Diss

Bernie Sanders Shows His True Colors in ‘Avengers’-Fueled Disney Diss

Original Author: Nick Marinoff – Go to Original Source

By CCN: Democratic socialist Bernie Sanders is having a slight beef with the Disney entertainment company after ‘Avengers: Endgame’ earned approximately $1.2 billion in its opening weekend. In a recent message on Twitter, the 2020 presidential hopeful criticized the film and television conglomerate for paying its CEO Bob Iger a salary of $65.6 million, roughly “1,400 times as much as the average worker at Disney makes.” What would be truly heroic is if Disney used its profits from Avengers to pay all of its workers a middle class wage, instead of paying its CEO Bob Iger $65.6 million – over

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Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?

Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?

Original Author: Joseph Young – Go to Original Source

By CCN.com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash. “As of the date I am signing this affidavit, Tether has cash and cash equivalents (short term securities) on hand totaling approximately $2.1 billion, representing approximately 74 percent of the current outstanding tethers,” the affidavit read. The affidavit sparked debates within the cryptocurrency community. Some industry executives argued that Tether’s 74 percent holding could be considered relatively high

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Dow Would Go ‘Up Like a Rocket’ with Trump’s Desired Interest Rate Cut

Dow Would Go ‘Up Like a Rocket’ with Trump’s Desired Interest Rate Cut

Original Author: Gerelyn Terzo – Go to Original Source

By CCN: If you think the Dow Jones Industrial Average has had a good run, you haven’t seen anything yet. President Trump wants to see interest rates slashed by 1%, which has the potential to unleash further gains in an already historic bull market for stocks. On a day when progress surrounding U.S. and China trade talks has shown the most promise yet, he’s looking to the rival economy as a model. He compared the Fed’s recent history of “incessantly” raising rates despite “very low” inflation with China’s “great stimulus” coupled with their low interest rates. When do you ever

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Millennials Are the ‘Driving Force’ of Bitcoin Ownership: Survey

Millennials Are the ‘Driving Force’ of Bitcoin Ownership: Survey

Original Author: Tedra DeSue – Go to Original Source

By CCN: Millennials bask in knowing they are far more ahead of the technology curve than older adults. This is why their demographic has been more willing to embrace bitcoin as a long-term investment. But what about the stock market? Their proclivity toward crypto has led many to abandon good old fashioned stock market investing. This may prevent them from reaping the long-term gains inherent in buying the Dow Jones Industrial Average, S&P 500, and Nasdaq. Millennials’ Love Affair with Bitcoin There are no bigger champions of bitcoin than people who are under the age of 35. Harris Poll conducted

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