Fiat Chrysler turns to 1.7 billion euro loss in first quarter on virus crisis

Fiat Chrysler turns to 1.7 billion euro loss in first quarter on virus crisis

Fiat Chrysler said on Tuesday it turned to a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus. "The pandemic has had, and continues to have, a significant impact on our operations," Fiat Chrysler (FCA) said in a statement. The Italian American carmaker said its net loss from continuing operations amounted to 1.69 billion euros ($1.83 billion) in the first quarter of this year....

Bitcoin sell-off looms ahead of block reward halving

The highly-anticipated Bitcoin halving is just one week away leaving traders and investors undecided on whether it will break out above $10,000 or suffer a correction back down to around $5,900. The indecision has been reflected in the past week of price action with Bitcoin struggling to close daily candles above $9,000 while remaining firm consistently closing above $8,600. The Bitcoin halving is undeniably a bullish event. However, if you look at previous block reward halving events price always seems to correct in the months following the halving before picking itself back up later on in the year. In 2016 Bitcoin suffered a 30% sell-off after the halving before taking a year to begin its rally to a new all-time...