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Samsung forecasts a strong quarter on the same day its CEO resigns citing ‘unprecedented crisis’

 This post has been updated to reflect the announcement of Oh-Hyun Kwon’s resignation. Samsung Electronics made two announcements today that contrasted starkly with one another in tone. First, it issued an optimistic third-quarter earnings guidance. Then, a few hours later, it posted a resignation letter from chief executive officer and vice chairman Oh-Hyun Kwon. Read More […]

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Bitcoin just passed $5,000

 This morning Bitcoin shot past $5,000, and is now hovering around $5,300 – up nearly 10% from yesterday. It’s the first time the cryptocurrency has confidently shot past $5,000. Some exchanges saw the price hit $5,000 for a few minutes in September, but it only lasted for about 10 minutes, making today the first sustained […]

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