Author: Lamont Traeger

IDEA address: TVn1pUH8FmJSNowYxXJpuqcpPgiDwPx7kr
Satellite-to-smartphone broadband company AST & Science to go public
16. 12. 2020 No Responses

Satellite-to-smartphone broadband company AST & Science to go public

Special purpose acquisition company (SPAC) New Providence will take next-generation satellite broadband company AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced today. AST will list on...
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Hyundai Motor Buys 80% of Boston Dynamics
11. 12. 2020 No Responses

Hyundai Motor Buys 80% of Boston Dynamics

Hyundai Motor Group agreed to buy a controlling stake in Boston Dynamics Inc. in a deal that values the mobile robot firm at $1.1 billion. Hyundai Motor Group, along with some associated companies and Chairman Euisun Chung, will acquire an...
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Chinese Digital Currency Gets A Boost
10. 12. 2020 No Responses

Chinese Digital Currency Gets A Boost

If an official digital yuan was adopted, it would give Beijing a remarkable amount of information about what consumers are spending their money on. Last summer, the Chinese government launched a pilot program for a digital version of the yuan. The virtual c...
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Growing Generational Wealth Gap
9. 12. 2020 No Responses

Growing Generational Wealth Gap

As young generations usher into adulthood, they inevitably begin to accumulate and inherit wealth, a trend that has broadly remained consistent. But, what has changed recently is the rate of accumulation. In the U.S., household wealth has traditionally ...
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FDA Warns Of ‘Severe Adverse Reactions’ After Vaccine Dose 2
8. 12. 2020 No Responses

FDA Warns Of ‘Severe Adverse Reactions’ After Vaccine Dose 2

Pfizer and partner BioNTech’s COVID-19 vaccine meets expectations on agency guidance and is enough to spur an agency review, according to staff of the U.S. Food and Drug Administration. The finding is one of several significant new results featured in the ...
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BoJ Is Now The Biggest Owner Of Japanese Stocks
6. 12. 2020 No Responses

BoJ Is Now The Biggest Owner Of Japanese Stocks

Bank Of Japan Is Now The Biggest Owner Of Japanese Stocks With $434 Billion Portfolio. The combination of a state-run institution, the BOJ, and the country’s representative public pension fund, the GPIF, buying up local equities feels distorted. The Japanif...
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Central Bank Of Uzbekistan Introduces Parallel Currency: Gold
4. 12. 2020 No Responses

Central Bank Of Uzbekistan Introduces Parallel Currency: Gold

Since November 2020, the central bank of Uzbekistan (CBU) issues sealed gold bars with a QR-code for real time verification. With these new bars CBU aims to stimulate gold to be used as a store of value, as well as promote...
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Exxon Mobil Announces $20 Billion Oil Asset Write-Down
1. 12. 2020 No Responses

Exxon Mobil Announces $20 Billion Oil Asset Write-Down

Exxon Mobil has finally broken with its long-time tradition to never write down its assets. Exxon Mobil has announced stunning writedowns of between $17 billion to $20 billion due to the demand slowdown and its effect on the oil industry....
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GAO: Only three of 46 piloted Pentagon aircraft met their annual mission capability
23. 11. 2020 No Responses

GAO: Only three of 46 piloted Pentagon aircraft met their annual mission capability

Only three of 46 piloted Pentagon aircraft met their annual mission capability (MC) goals in a majority of the years between fiscal years (FYs) 2011–19, according to a new report. The Government Accountability Office (GAO), in a report released on...
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Argentina Approves Wealth Tax On Millionaires
20. 11. 2020 No Responses

Argentina Approves Wealth Tax On Millionaires

In an early glimpse of what wealth redistribution will look among developed nations in coming years, on Wednesday the lower house of Argentina’s Congress approved a bill seeking to raise 300 billion pesos ($3.75 billion) through a tax on the...
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Lakhta Center – Skyscraper Of The Year
14. 11. 2020 No Responses

Lakhta Center – Skyscraper Of The Year

For the first time in its two-decade history, the annual Emporis Skyscraper Awards, the world’s most distinguished prizes for high-rise architecture, awarded a Russian project. The Lakhta Center skyscraper in St. Petersburg received the “skyscrape...
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Nvidia now powers a majority of the world’s top 500 supercomputers
12. 11. 2020 No Responses

Nvidia now powers a majority of the world’s top 500 supercomputers

70 percent of TOP500’s latest list of the most powerful supercomputers use Nvidia technology. TOP500 has released the 56th edition of its list of the top 500 supercomputers in the world revealing that nearly 70 percent of them are now powered by Nvid...
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Microsoft is letting more employees work from home permanently
9. 10. 2020 No Responses

Microsoft is letting more employees work from home permanently

Microsoft is allowing more of its employees to work from home permanently, the company announced Friday. While the vast majority of Microsoft employees are still working from home during the ongoing pandemic, the software maker has unveiled “hybrid workplac...
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Germany walks away from Lockheed, Boeing cargo helicopter offers
7. 10. 2020 No Responses

Germany walks away from Lockheed, Boeing cargo helicopter offers

The German Defence Ministry wants to start fresh on a new heavy transport helicopter after finding that offers from American firms Boeing and Lockheed Martin for the Chinook and the King Stallion, respectively, were too expensive, officials announced Tuesday. ...
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ECB Trademarks “Digital Euro”, Is Preparing a Digital Currency Launch
5. 10. 2020 No Responses

ECB Trademarks “Digital Euro”, Is Preparing a Digital Currency Launch

Although commercial banks have shown fanatical opposition to all digital currencies, the ECB is now the leader. As the world obsesses over Trump’s taxes or whether or not he is using oxygen during his covid hospitalization, the biggest overhaul in...
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