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GE Pension Failure Could Send Investors into Arms of Bitcoin

GE Pension Failure Could Send Investors into Arms of Bitcoin

General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate…


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Cryptopia Fumbles Customers’ Stolen Crypto Recovery in Catastrophic F**kup

Cryptopia Fumbles Customers’ Stolen Crypto Recovery in Catastrophic F**kupHacked exchange Cryptopia continues its shambolic run of disastrous decisions. | Source: ShutterstockBy CCN: Cryptopia, the cryptocurrency exchange shattered by an over $16 million hack earlier this year, is in a huge mess as a third-party server host demands $2 million to release customer data.The fall of…



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Lyft says 2019 will be its ‘peak loss’ year

REUTERS/Mike Blake 2019 will be Lyft’s biggest year for financial losses, the company’s CFO said on Tuesday.Lyft reported its first quarterly earnings that showed accelerating growth in Q1 but also continued losses.Shares of the company rose about 3.6% in after-hours trading following the earnings release. Follow Lyft’s stock price in real-time here. Lyft expects 2019…




Tesla says it delivered about 63,000 vehicles in the first quarter of 2019, a 31% drop from Q4 2018

Tesla says it delivered about 63,000 vehicles in the first quarter of 2019, a 31% drop from Q4 2018

Tesla produced 77,100 vehicles in the first quarter of 2019, the company said on Wednesday. Analysts polled by Bloomberg were expecting total production to be 64,400 vehicles. Tesla’s stock price sank $0.39, or slightly more than 0.1%, in after-hours trading following the announcement. Tesla on Wednesday released total vehicle-production and delivery numbers for the first…


Who’s afraid of the inverted yield curve? Canadian assets are soaring

Who’s afraid of the inverted yield curve? Canadian assets are soaring

Canada’s inverted yield curve may be flashing recession signs, but it hasn’t prevented investors from enjoying some of the best quarterly returns in years.The plunging bond yields boosted gains on government and corporate debt, with an aggregate index of Canadian bonds in U.S. dollars returning 5.4 per cent in the first quarter, compared with a…