Supercharged Tech Stock Revival Fuels the S&P and Dow

By CCN: U.S. equities still have some runway left for gains, and tech is leading the way. Facebook, Amazon, Netflix, and Google’s parent company Alphabet – otherwise known as FANG stocks – are the cat’s meow once again. After shunning the FANG stocks in Q4 2018, investors welcomed the tech leaders back with open arms in Q1 2019, bolstering the market caps of these companies and fueling gains in the S&P 500. Now it seems that the party in FANG stocks will continue throughout the second quarter. Even though the Dow doesn’t include any of the FANG stocks, it does

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EY Makes Privacy Enhanced Ethereum Tech Public Domain

By CCN: In four-to-six weeks, a blockchain product developed by Ernst & Young (EY), one of the “big four” professional services organizations, will be made public domain (open source). Privacy and Public Blockchains: A Tall Order From Large Enterprise Dubbed “EY Ops Chain Public Edition,” the technology uses zero-knowledge proofs to give permissions to transaction information similar to Monero and other privacy coins. Only those with the keys to see the actual transaction information will be able to do so. EY believes that privacy-enhancing technologies are crucial to more widespread blockchain adoption, saying in their press release: “For most enterprises

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Airpods 2, Apple’s Third Hardware Release in 5 Days, Won’t Save the Tech Giant

Apple has a problem, that much is certain. It has pretty much maxed out its current market for iPhones, and the Chinese market is not budging. Despite its best efforts, it remains stubbornly in a distant second place behind Huawei in the Middle Kingdom. What’s more, it is not just iPhones sales that are suffering as the world’s most valuable publicly traded company struggles with growth figures. Sales have also plateaued for Macbooks, iPads, and every kind of Apple gear you can think of. There are only so many people in the world who are willing to shell out thousands

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Bitcoin Would Survive Recession, But Ethereum Might Crater: Tech VC

Bitcoin would survive a recession, while Ethereum would suffer and Ripple’s XRP would remain unaffected. That’s the prediction of Kyle Chapman, a partner with tech venture capital firm Cosimo Ventures. Chapman wrote in Barron’s that a recession would not hurt bitcoin because it’s decentralized and is mostly independent of the stock market’s cyclical undulations. Fed Chair: Relax, No Recession In 2019 Meanwhile, Federal Reserve chairman Jerome Powell does not believe a U.S. recession will happen anytime soon. Other economists, like Allianz’s Mohamed El-Erian, agree. “The outlook for our economy is a favorable one,” Powell told 60 Minutes on March 10.

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Apple Stock Rallies as Investors Laugh at Elizabeth Warren’s Tech War

Despite 2020 presidential candidate Elizabeth Warren’s calls over the weekend to break up big tech companies like Amazon, Alphabet, Apple, and Facebook under U.S. anti-trust laws, these tech stocks are doing fine Monday. Investors don’t seem to be taking Sen. Warren’s radical socialist proposals seriously as a credible threat to these high tech companies as Amazon’s stock gained $ 43.02 (2.65%) over morning trading, Alphabet’s rose $ 21.62 (1.88%), and Facebook’s increased by $ 2.93 (1.73%). Warren’s Radical Proposal to Rule Over Tech Sen. Elizabeth Warren (D-MA) attacked the tech industry Friday in an op-ed calling for major tech companies like Amazon, Google,

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Google is Banning Political Ads in Canada, But the Tech Giant Cannot Be Trusted

Alphabet Inc.’s Google is banning political advertising in Canada just in time to apply to the 2019 Federal elections. The prohibition came in the wake of the Elections Modernization Act, passed by the Canadian Senate this December, which requires online advertising platforms to monitor and report all political and partisan ads. The penalties for not adhering to the said Bill C-76 could slap offenders with fines and possibly, imprisonment. Ruby Sahota, the liberal politician in Canada, said the Election Modernization Act would limit third-party influence on the outcome of the upcoming Federal elections. “No foreign actors would be allowed to

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