Category: Editors’ Picks

Lockheed Martin acquires rocket engine maker Aerojet Rocketdyne for $4.4 Billion
22. 12. 2020 No Responses

Lockheed Martin acquires rocket engine maker Aerojet Rocketdyne for $4.4 Billion

Lockheed Martin, the U.S.’s largest defence contractor, will acquire Aerojet Rocketdyne, a rocket engine and missile manufacturer, for $4.4 billion including debt and net cash, giving the company a larger stake in space and hypersonic technology. The move comes amid...
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What’s Inside The $900BN Stimulus Bill
21. 12. 2020 No Responses

What’s Inside The $900BN Stimulus Bill

Briefly: Billions for corporations, $600 for peasants. With the latest, $900 billion covid-stimulus deal now done, attention turns to what’s actually in it. First: the good news – the bill will include a fresh round of benefits for small businesse...
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Stock Broker Robinhood Financial fined $65 million by SEC for misleading users
18. 12. 2020 No Responses

Stock Broker Robinhood Financial fined $65 million by SEC for misleading users

Robinhood Financial has been fined $65 million for misleading its stock market customers about how the company makes its revenue from their trades, the Securities and Exchange Commission said Thursday. The SEC fine comes one day after regulators in Massachus...
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Coinbase Files For IPO
17. 12. 2020 No Responses

Coinbase Files For IPO

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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 o...
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Japan Plans To Spend $48 Billion To Field F-X Stealth Fighters By 2035
15. 12. 2020 No Responses

Japan Plans To Spend $48 Billion To Field F-X Stealth Fighters By 2035

Japan Plans To Spend $48 Billion To Field F-X Stealth Fighters By 2035 That Would Outperform F-35 And Chinese Fighters. Last week, Japan’s Nikkei newspaper revealed new details of Tokyo’s ambitious plans to domestically develop a sixth-generation F-X s...
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European Bond Market Disappears As ECB Takes Over
13. 12. 2020 No Responses

European Bond Market Disappears As ECB Takes Over

Back in 2015 alter media published an article titled “The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play” which referenced an IMF research report which found that in a few years time, pervasive QE would...
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AstraZeneca agrees to buy Alexion for $39 billion
12. 12. 2020 No Responses

AstraZeneca agrees to buy Alexion for $39 billion

AstraZeneca agrees to buy rare disease firm Alexion for $39 billion. Subject to shareholder approval and certain regulatory clearances, the companies expect the deal to close in Q3 2021. The combined company is set to generate ~$500M of recurring run-rate of....
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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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