Bitcoin gets slashed in half. What’s behind the crypto’s existential crisis

Bitcoin gets slashed in half. What’s behind the crypto’s existential crisis

Bitcoin tumbled toward $60,000 this week as investors reassessed its utility. And while there isn’t one clear catalyst driving the bloodbath, one thing is clear: the crypto market is in crisis.  “There’s nothing going on in the marketplace that should have necessitated this type of a crash,” Anthony Scaramucci, founder and managing partner of alternative…

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Amazon is dipping on margin and capex concerns. Wall Street analysts still see upside

Amazon is dipping on margin and capex concerns. Wall Street analysts still see upside

Wall Street analysts remained overwhelmingly bullish on Amazon , although most cut their price targets, after the technology giant’s shares fell Friday amid lower first-quarter profit guidance and higher capital expenditure plans. Amazon also missed its fourth-quarter earnings estimates. The e-commerce giant earned $1.95 per share versus the $1.97 analysts polled by LSEG had forecast….

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U.S. can spend billions less on defense, says Anduril Industries founder

U.S. can spend billions less on defense, says Anduril Industries founder

Defense spending has been the talk of Singapore’s Airshow this week but that’s not an accurate way to measure military strength, Palmer Luckey, founder of defense tech firm Anduril Industries, said on CNBC’s “Squawk Box Asia” Wednesday. That comes after U.S. President Donald Trump in January expressed interest in raising the U.S military budget to…

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