Crypto News 

Ethereum founder warns cryptocurrencies ‘could drop to near zero at any time’

“The founder of Ethereum, the second most valuable cryptocurrency in the world, has warned that cryptocurrencies “could drop to near zero at any time.”” writes Alison Millington for businessinsider.com. The full message read: “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Source: businessinsider.com Share This:

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News 

Campbell Soup’s sales drop, fewer Walmart orders cited

“Still, the company reported net sales that beat estimates marginally helped by a rise in demand for its Pepperidge Farm Snacks” reports nypost.com. Campbell Soup on Friday reported a 2 percent drop in organic net sales in its second quarter as a key customer in North America placed fewer orders for its canned soups.Excluding items, the company earned $1 per share on net sales of $2.18 billion. Source: nypost.com Share This:

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News Stocks 

U.S. stocks open lower as CPI underlines inflation fears

“That builds on a recent spike in wage growth, which triggered concerns about inflation returning to the economy” writes Markets Reporter for marketwatch.com. Separately, U.S. retail sales fell 0.3% in January, the largest drop in almost a year, adding to concerns about the state of the economy.That fear was enough to spark a sharp decline in stocks, taking both the Dow and the S&P into correction territory.U.S. stocks opened solidly lower on Wednesday, suggesting major indexes would snap a three-day streak of gains, after the latest data on inflation underlined…

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Blue Apron posts smaller revenue drop, narrower loss than expected

“NEW YORK (Reuters) – Blue Apron Holdings Inc reported a smaller-than-expected revenue drop and quarterly loss on Tuesday after a costly distribution hub switch forced it to slash marketing” reports businessinsider.com. The meal-kit subscription service had 746,000 customers in the fourth quarter through Dec. 31, compared to 856,000 in the prior quarter and 879,000 a year earlier.The marketing pullback came despite mounting competition for customers from meal-kit rivals and Amazon.com Inc . Source: businessinsider.com Share This:

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BTS’ ‘DNA’ & ‘Mic Drop’ Get Certified Gold by RIAA

“On Monday (Feb. 12), RIAA updated their sites to reflect the batch of 104 songs and 17 albums that were certified gold or platinum in January” writes Tamar Herman for billboard.com. Just a few days after Desiigner shared the news that his BTS and Steve Aoki collab “Mic Drop” was certified gold by the Recording Industry Association of America, the RIAA updated its site to reveal that yet another song by the Korean group earned the same distinction. Source: billboard.com Share This:

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Markets News Regulators 

U.S. inflation expectations drop in January: New York Fed survey

“The survey of consumer expectations showed median inflation expectations fell by 0.1% to 2.7% on the one-year horizon” writes Senior Economics Reporter for marketwatch.com. He said that inflation expectations give a better signal of future inflation.Inflation expectations of consumers declined in January, according to a New York Fed survey released Monday that conflicts with how markets are assessing price developments.Median one-year expectations were 2.73%, up slightly from 2.67% in the prior month and the highest level since 2013.The Fed is trying to get inflation up to a 2% annual rate…

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Markets News 

Market drop is a ‘welcome correction’ for the IMF, says Christine Lagarde

“But if you compare market valuations from a week ago, there’s been a market correction of anywhere between 6 to 9 percent” writes Hadley Gamble for cnbc.com. “There has been quite a bit of market volatility from one day to the other, particularly led by the U.S.,” she said.Speaking to CNBC at the World Government Summit in Dubai, IMF Managing Director Christine Lagarde acknowledged the last week’s frenzied market sell-off, which saw the Dow Jones suffer its worst week in two years.Last week’s roller-coaster ride for the markets is not…

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Drugs, alcohol and suicides contribute to alarming drop in U.S. life expectancy

“In 1960, the U.S. had the highest life expectancy in the world” writes Usa Today for suntimes.com. Life expectancy in the U.S. has fallen for the second year in a row, thanks to a combination of drug and alcohol use and suicides, according to a new report released Wednesday.In 2016, life expectancy in the U.S. was 78.6 years, a decrease of 0.1 years from 2015, according to the report, which cites data from the World Bank.More importantly, he said it’s accompanied by a dramatic surge in deaths from alcohol abuse…

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News Oil 

Oil prices drop nearly 10% for the week

“A report from Baker Hughes BHGE, -4.11% on Friday revealed that the number of active U.S. rigs drilling for oil climbed by 26–the largest weekly rise in more than a year” writes Markets Commodities Reporter for marketwatch.com. Steep losses in the global stock market this week also contributed to oil’s losses. Source: marketwatch.com Share This:

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