Dow Claws Higher But US Stock Market Faces Critical Test

The Dow Jones enters the US trading session struggling for direction, weighed down by Boeing’s incessant plunge but fighting upwards anyway. Meanwhile, the US stock market faces a critical test as the S&P 500 once again creeps toward a critical resistance line that has thwarted previous recovery attempts. Dow Futures Creep North as Index Fights into the Green As of 8:47 am ET, Dow Jones Industrial Futures had managed to claw their way to a gain of 59 points or 0.23 percent, implying a rise of more than 65 points at the opening bell. S&P 500 futures rose 0.26 percent

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Captain Marvel Faces Boycott Backlash Over Brie Larson’s ‘Man-Hating’

Brie Larson is kicking off her publicity tour as the first female lead in a Marvel Comics movie with “Captain Marvel.” But she’s facing withering backlash and a boycott from some fans who are turned off by her man-hating rhetoric. The boycott was launched by conservative author Jack Posobiec, a correspondent with One America News. Posobiec started the Twitter hashtag Alita Challenge, urging his legion of social media followers to boycott “Captain Marvel” and see “Alita: Battle Angel” instead. ‘We Are Sick and Tired of SJW Politics’ Posobiec told CCN that Larson’s anti-male rhetoric and Marvel Studio’s injection of leftist

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French Far-Right Leader Marine Le Pen Faces Imprisonment for Anti-ISIS Tweets

The French far-right leader Marine Le Pen faces three years imprisonment and a possibly €75,000 ($ 90,000) fine over tweets she shared four years ago showing ISIS atrocities. The 50-year-old former presidential candidate, President of the National Rally political party (previously named National Front), is being prosecuted for distributing violent images, few weeks after the Paris terror attacks in November 2015, where 130 people were killed, according to reports. She was charged last Thursday following her 2015 tweets that showed executions by IS extremists, including the killing of American reporter James Foley. The charges pose a slap on the French parliament

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Crypto Winter Bites as EOS Faces Lagging Blockchain Development

Development on $ 3.3 billion cryptocurrency EOS has slowed to an absolute crawl, and it’s not the only smart contract platform where GitHub commits have plunged in recent months. Major Crypto Blockchains See Reduced Commits According to data from Longhash, development on EOS, Ethereum, and Tron has drastically slowed over the past three months. If we consider the holiday month of December, where it is well-known that development virtually everywhere slows down, there are still two full months (November and January) of good developer time to account for. Of more than 4,000 commits in the past 12 months, only 114 took place

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$8 Billion Coinbase Faces Backlash for Latest Acquisition

Bitcoin exchange giant Coinbase has acquired Chainalysis competitor Neutrino in an effort to enhance its compliance efforts and regulatory relationships. Neutrino uses blockchain analytics to identify potential money laundering or other illegal transactions on the blockchain. Until its acquisition, it was one of a few companies growing in the space of analyzing blockchains. Its work mainly benefits crypto exchanges, regulators, and other centralized powers. According to Coinbase, companies like Chainalysis, Whitestream, and Elementus are “necessary” in an “open financial system.” “Blockchain intelligence is increasingly important in the crypto ecosystem, and is necessary to achieve our mission of bringing the open financial

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Dow Faces Serious Pressure as US-China Trade Spat Mesmerizes Stock Market

The Dow and wider U.S. stock market declined on Thursday, as the United States and China embarked on their final round of trade negotiations before a self-imposed deadline. By the looks of it, the negotiating window will have to be extended far beyond the March 1 deadline for both sides to get a new deal in place. Dow Under Pressure from Trump & Xi Wall Street’s major benchmarks were off their session lows by midday. The Dow Jones Industrial Average fell by as much as 235 points but later pared losses. It was last down 38 points, or 0.2%, to

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Florida Bitcoin Trader Faces Felony Charges for Selling Crypto to Undercover Police

It’s a case of police entrapment that goes beyond the pale. After a ruling Wednesday by the U.S. Third District Court of appeals, a Florida man will have to face a trial by jury over felony charges in Miami for selling bitcoin to undercover police. Felony Charges for a Victimless Crime? “Espinoza’s bitcoins-for-cash business requires him to register as a payment instrument seller and money transmitter” under Florida financial statutes, the court ruled Wednesday, adding that he was “not merely selling his own personal bitcoins, he was marketing a business.” Now he’ll face serious felony charges for money laundering as

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China First, EU Next? Donald Trump Faces New Major Trade War as Europe Threatens $23 Billion in Tariffs

By CCN.com: Following a threat by U.S. President Donald Trump to slam taxes on cars and auto spares imported from the 28-member European Union, the EU has threatened a 23 billion dollar tariff spike on the United States. Speaking in Brussels to the European Parliament, the director-general for trade within the EEA, Jean-Luc Demarty, said … Continued

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