Category: Editors’ Picks

Morgan Stanley: Oilfield Services Say Goodbye To $45 Billion In Assets
28. 8. 2020 No Responses

Morgan Stanley: Oilfield Services Say Goodbye To $45 Billion In Assets

The Big Three in the oilfield services industry wrote down $45 billion in assets over the past year as their clients tightened their belts, according to Morgan Stanley, cited by Bloomberg. The three largest oilfield services providers in the world are Schlumberger...
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Oracle Readies $20 Billion Bid For TikTok
27. 8. 2020 No Responses

Oracle Readies $20 Billion Bid For TikTok

TikTok CEO Kevin Mayer decided to step aside after being cut out of buyout talks involving Microsoft. At least that’s one version of the story. There’s been some other TikTok deal-related news Thursday morning, with Oracle reportedly readying a $20...
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Billionaires Got $637 Billion Richer Since Pandemic
26. 8. 2020 No Responses

Billionaires Got $637 Billion Richer Since Pandemic

40 million Americans filed for unemployment during the pandemic, but billionaires saw their net worth increase by half a trillion dollars. From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion. The founder of the...
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Salesforce.com, Amgen and Honeywell Set to Join DJIA
25. 8. 2020 No Responses

Salesforce.com, Amgen and Honeywell Set to Join DJIA

Salesforce.com (NYSE:CRM) will replace Exxon Mobil Corp. (NYSE:XOM), Amgen Inc. (NASD:AMGN) will replace Pfizer Inc. (NYSE:PFE), and Honeywell International Inc. (NYSE:HON) will replace Raytheon Technologies Corp. (NYSE:RTX). The index changes were prompted by...
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BT prepares defence against £15bn takeover approach
24. 8. 2020 No Responses

BT prepares defence against £15bn takeover approach

Telecoms giant BT has hired Goldman Sachs to defend it against potental bidders after shares collapse. BT shares surged 7% today after weekend reports that it had instructed bankers from Goldman Sachs to draw up a defence plan against potential bidders....
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Germany is beginning a universal-basic-income trial
23. 8. 2020 No Responses

Germany is beginning a universal-basic-income trial

Germany is beginning a universal-basic-income trial with people getting €1,200 a month for 3 years. Starting this week, 120 Germans will receive a form of universal basic income every month for three years. The volunteers will get monthly payments of...
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QE Is Causing A Security Shortage
21. 8. 2020 No Responses

QE Is Causing A Security Shortage

Between September of 2019 and today, the Fed increased the size of the SOMA portfolio from $3.56 trillion to $6.2 trillion, an increase of $2.64 trillion. And although the Fed effectively absorbed roughly the same amount of net new Treasurys issued by...
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Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO
20. 8. 2020 No Responses

Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO

Jack Ma’s fintech giant Ant Group is reportedly looking to file for dual listing in Hong Kong and Shanghai within the next few weeks, seeking a valuation of US$225 billion. The company is planning to launch its concurrent initial public offering on...
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Apple becomes first $2 Trillion company
19. 8. 2020 No Responses

Apple becomes first $2 Trillion company

Apple became the first US-listed company in history to reach a $2-trillion market capitalization, which means it doubled in valuation in about two years. Shares in the technology giant rose by 1.2 percent, reaching $467.77 on Wednesday, pushing it over...
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President Xi Launches Purge Against China’s Deep State
19. 8. 2020 No Responses

President Xi Launches Purge Against China’s Deep State

Just days after Communist Party officials censored a prominent academic who dared to criticize the CCP and its glorious leader, Xi Jinping, more news of what appears to be a mounting purge of dissent in the aftermath of the coronavirus...
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Banks Are Evading U.S. Derivatives Rules by Making Trades at Foreign Subsidiaries
18. 8. 2020 No Responses

Banks Are Evading U.S. Derivatives Rules by Making Trades at Foreign Subsidiaries

On May 30, with little mainstream media attention, four European academics published a report on how some of the largest Wall Street banks (all of whom received massive amounts of secret Federal Reserve bailout money during the 2007 to 2010...
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Sanofi to acquire Principia Biopharma for $3.68 Billion
17. 8. 2020 No Responses

Sanofi to acquire Principia Biopharma for $3.68 Billion

Sanofi and Principia Biopharma Inc. (NASDAQ: PRNB), a late-stage biopharmaceutical company focused on developing treatments for immune-mediated diseases, entered into a definitive agreement under which Sanofi will acquire all of the outstanding shares of Princ...
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Zero-knowledge proofs for Tron Network
15. 8. 2020 No Responses

Zero-knowledge proofs for Tron Network

Justin Sun, founder and CEO of Tron Foundation, has announced that Tron Virtual Machine (TVM) will add a cutting-edge security function. This upgrade was proposed and approved by the Tron (TRX) community. In his recent Tweet, Justin Sun disclosed that the...
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Ford Is Closing 6 Factories In Europe And Slashing 10,000 Positions
14. 8. 2020 No Responses

Ford Is Closing 6 Factories In Europe And Slashing 10,000 Positions

The auto industry continues to grapple with one of the worst recessions ever for the notoriously capital intensive sector. Ford, which feels like it has been in the midst of a yearslong “restructuring” that has never fully panned out or ended (...
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Central Bank Balance Sheets Jump To $28 Trillion Next Year
12. 8. 2020 No Responses

Central Bank Balance Sheets Jump To $28 Trillion Next Year

As Bank of America shows, central bank balance sheet have never been bigger with the Fed now holding 34% of US GDP, and expected to see this number rise to 38%. For the other central banks the number is 25%...
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