Tag Archives: explores

RT’s Keiser Report explores why gold & bitcoin fans are always fighting against each other

Author: RT
This post originally appeared on RT Business News

Max Keiser continues his interview with Craig ‘Don Quixote’ Hemke of TFMetalsReport.com about the conflict between bitcoin investors and gold investors.

“I find it extraordinarily frustrating,” says Hemke. “We are on the same team – bitcoin fans and gold fans. Why are we fighting against each other? And why is the bitcoin marketing campaign always ‘Dump gold and buy bitcoin’? Well, dump dollars for God’s Sake, dump stocks, dump Tesla. Why does it always have to be anti-gold, I don’t get that.”

For more stories on economy & finance visit RT’s business section

Verizon explores sale of media assets, including Yahoo and AOL – WSJ

Author: Reuters
This post originally appeared on Stock Market News

Verizon explores sale of media assets, including Yahoo and AOL - WSJ© Reuters. FILE PHOTO: The Verizon logo is seen on the side of a truck in New York

(Reuters) – Verizon Communications Inc (NYSE:) is exploring a sale of its media assets, including Yahoo and AOL, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The sales process, which includes private equity firm Apollo Global Management (NYSE:) Inc, could yield a price of $ 4 billion to $ 5 billion, report said.

Yahoo and AOL are the two large brands within Verizon Media, which also owns news publication HuffPost, technology news sites Techcrunch and Engadget, as well as social media site Tumblr.

X: Therefore doesn`t .

Is Musk turning Tesla into a cryptocurrency hedge fund? RT’s Boom Bust explores

Author: RT
This post originally appeared on RT Business News

US electric automaker Tesla reported a net profit of $ 438 million for the first quarter of this year, saying that the company’s sales of bitcoin made a positive impact of $ 101 million.

RT’s Boom Bust talks to Octavio Marenzi of Opimas LLC about the company’s report and the role of bitcoin there.

Tesla’s quarterly results are “pretty encouraging,” according to the analyst. “What is kind of weird, is this whole thing with bitcoin and a hundred million dollars of bitcoin gains added to the balance sheet and the income segment.”

Marenzi goes on: “That’s a bit strange overall, not very sure what Elon Musk is doing there. It seemed for a while like he’s going to turn Tesla into a cryptocurrency hedge fund… And maybe that will still come, who knows? But it looks a bit strange, a bit confusing to markets…”

For more stories on economy & finance visit RT’s business section

Paul Pogba makes huge Man Utd salary demand as Mino Raiola explores transfer options

Manchester United midfielder Paul Pogba has asked for a £500,000 per week salary to commit to the Red Devils beyond the end of next season, according to reports. The Frenchman’s future has been shrouded with uncertainty in recent months, with his current deal at Old Trafford set to expire in the summer of 2022.
Pogba has been one of United’s best performers since the turn of the year, chipping in with a number of vital contributions to keep the Red Devils on course for a second-placed finish in the Premier League.

The 28-year-old also scored the winner against AC Milan in his side’s Europa League round of 16 second-leg clash at the San Siro, furthering United’s ambitions of a second continental triumph in four years.

Despite his influential role at the heart of Ole Gunnar Solskjaer‘s midfield this season, Pogba is yet to agree fresh terms with his current employers.

A number of clubs have been linked with his services as a result of the situation, with potential suitors including the likes of Spanish giants Real Madrid and former club Juventus.

United could be faced with a dilemma over whether to sell Pogba this summer rather than risk losing him for nothing at the end of next season.

JUST IN: Man Utd boss Solskjaer ‘fears’ Haaland will seal Man City transfer

If the Red Devils are serious about keeping hold of their man, they are likely to be forced into making an unprecedented financial commitment in order to do so.

Pogba’s agent Mino Raiola has informed club chiefs that an offer of £500,000 per week would be required to stand any chance of striking an agreement, according to the Daily Star.

The controversial 53-year-old, who has struggled to stay away from the limelight during Pogba’s time at Old Trafford, is also said to have sounded out Real, Juventus and Paris Saint-Germain to relay his client’s demands.

It is claimed that, in practice, the World Cup winner could pocket around £800,000 each week when his lucrative image rights are taken into consideration.


This figure would easily make Pogba the highest-paid player in United’s long and storied history.

He insisted back in January that he was eager to extend his stay at the club, telling BT Sport that he remains fully focused on helping the Red Devils to restore their former glory.

“I have a contract, I’m here, I’m enjoying myself,” said Pogba.

“Everybody knows that I have one year left, so I’m going to speak to the club to see what’s going on.

“Now my objective, my goal, is to win something that’s all I’m thinking about is to win, bring my energy, do the best I can to help the team the most.

“That’s all I’m thinking of. The contract is not important, just to win.”

Pogba was brought back to Old Trafford in the summer of 2016, with the 20-time Premier League champions shelling out a club-record transfer fee in the region of £91m to secure his signature.

Since rejoining United’s ranks he has played 191 matches in all competitions, scoring 37 goals and providing another 39 assists in the process.

This article originally appeared on Daily Express :: Sport Feed

Ant Group explores options for Jack Ma to exit, as Beijing unsheathes its sword against China’s big tech

Fintech company Ant Group, an affiliate of the Chinese e-commerce giant Alibaba, is reportedly looking for an efficient way for its founder Jack Ma to divest his stake and give up control of the company.

The talks between the Chinese state regulator and Ant Group that took place between January and March signaled to the company that Ma’s exit could help draw a line under Beijing’s scrutiny of its business, according to sources familiar with the matter, as cited by Reuters.
Also on rt.com Fine with a fine: Alibaba accepts all-time high $ 2.8bn penalty from Chinese antitrust regulator
Earlier this year, officials from the People’s Bank of China and the financial regulator, China Banking and Insurance Regulatory Commission, held a series of meetings with Ma and Ant Group, respectively. A source familiar with the regulator’s thinking and another with close ties to the company told Reuters that the parties discussed the possibility of the billionaire’s exit.

The company has denied that the prospect of Ma’s quitting was ever under consideration, however. “Divestment of Mr. Ma’s stake in Ant Group has never been the subject of discussions with anyone,” a spokesman said in a statement.

According to one of the sources, the corporation hopes that Ma’s multi-billion-dollar stake could be sold either to existing investors in Ant Group or its former parent company, Alibaba Group Holding, without involving any external entity.
Also on rt.com China plans to turn up heat in crackdown on monopolies after opening probe into online giant Alibaba
Transferring Ma’s stake to a Chinese investor affiliated with the state is reportedly seen as another option. Another source assured the agency that Ma was told the regulators would not allow him to sell the stake to any entity or individual close to him.

The unconfirmed news comes a week after China’s antitrust regulators hit Alibaba Group, the world’s largest e-commerce corporation, with an 18.23 billion yuan ($ 2.8-billion) fine for abusing its dominant market position in China’s online retail platform service market.

Alibaba and its affiliate became the subject of intense scrutiny by Beijing after Ma, who founded both organizations, publicly criticized the Chinese regulator, accusing officials of having a “pawnshop mentality” that stunted business growth and innovation.
Also on rt.com Jack Ma becomes over $ 2 billion richer in 1 day after record Alibaba fine
Ant Group owns China’s largest digital payment platform, Alipay, which serves more than a billion users and 80 million merchants, with a total payment volume totaling 118 trillion yuan ($ 17 trillion) in June 2020.

Ant’s initial public offering, which was about to raise an estimated $ 37 billion – the world’s largest IPO – was abruptly halted last year over regulatory concerns.

For more stories on economy & finance visit RT’s business section


This article originally appeared on RT Business News

That’s gonna be a tussle: Boom Bust explores how Huawei will fight for its share of global 5G market

Chinese tech giant Huawei, which has been central to the tech battle between the world’s two biggest economies, managed to post a record profit in 2020, despite being on the US’ export blacklist and facing the Covid-19 pandemic.

Huawei’s net profit rose 3.2% to $ 9.9 billion, while its revenue grew 3.8% year-on-year to $ 136.7 billion. Sales in China jumped over 15% to total $ 89.7 billion, accounting for over 65% of total revenue. The company’s carrier business, including 5G network equipment which has been at the center of controversy, grew by just 0.2%.

READ MORE: Huawei posts record profit in 2020 despite mounting US pressure

RT’s Boom Bust is joined by Miami Herbert Business School Dean John Quelch to discuss the matter.

“Huawei is a very, very strong company. It’s a very versatile company, it’s a very important national flag-carrier company for China, and there’s a tremendous amount of recourse that’s going to be put into ensuring that Huawei continues to succeed,” Dean Quelch said.

For more stories on economy & finance visit RT’s business section


Boom Bust explores what Biden’s $2 TRILLION infrastructure plan is all about

US President Joe Biden is expected to unveil a massive infrastructure spending plan, the first of a two-part proposal to help the nation’s economy recover from the coronavirus pandemic.

RT’s Boom Bust talks to Michele Schneider of MarketGauge.com, who says that it’s a “very wide-ranging” package.

“In terms of what this is going to do for the economy, no one is going to argue with the fact that an infrastructure package is desperately needed in this country for many reasons, not from just job growth but even for morale, as we continue to slip behind Asian countries in terms of our infrastructure,” Schneider explains.

She adds that, as for “the taxes and the costs and the spending, that’s where I think we’ll start to see some sticking points and how effective, if any, agreement can be made between the two sides of the fence.”

For more stories on economy & finance visit RT’s business section


Tunnel vision? Boom Bust explores Elon Musk’s idea to solve traffic congestion in Miami

City of Miami Mayor Francis Suarez expressed optimism about billionaire Elon Musk’s proposal to dig a two-mile tunnel under the city to solve its traffic problem. The $ 30 million tunnel could be built in just 6 months, says Musk.

Critics point out that Miami is built on a bedrock of porous limestone, however, and the impact on that of rising sea levels. Some also say that Suarez is trying to lure startups away from Silicon Valley, with the Tesla CEO serving as a selling tool.

RT America’s John Huddy is on the ground in Miami, bringing us up to speed on Musk’s plans to transform the city.

For more stories on economy & finance visit RT’s business section


Ultimate spying gadget? Boom Bust explores Chinese concerns over Tesla cars

As Tesla’s growing operations expand in China, CEO Elon Musk has vowed to halt production immediately if it ever emerges that his products are being used for spying.

Boom Bust looks into the eccentric owner’s comments, with co-host Christy Ai saying “It would be naive to think that this time around China would treat the US company any differently and give it the innocence until proven guilty treatment.”

Fears over how data is handled by tech manufacturers is growing, and digitalized cars are now the ultimate spying gadget, Christy says. “They are loaded with cameras, sensors, location-tracking, and enable building connectivity to amass data from your personal device when you’re connected. These concerns over Tesla are quite real. The Tesla sentry mode is constantly recording driving or not, because if it didn’t it wouldn’t be able to save the 10 minutes prior to a triggering event.”

Christy concludes: “So, that does leave room for speculation of where all this data is going and who’s controlling it. The Chinese government is unlikely to believe this… Tesla remains caught in the crossfire.”

For more stories on economy & finance visit RT’s business section


Shooting for the stars: Boom Bust explores the future of blockchain technology in the space industry

Space exploration used to be almost entirely exclusive to governments, but private firms have also joined the race, with competition picking up in recent years.

RT’s Boom Bust talks to industry experts about the big players and what they hope to accomplish. They also discuss the future of blockchain technology in the space sector, focusing on JPMorgan’s experiment of blockchain payments between satellites orbiting Earth. 

“This test ultimately showed that blockchain technology could power payments between everyday objects autonomously,” says co-host Christy Ai, adding that “It also validated the approach towards a decentralized network where communication with the Earth is not even necessary.”

For more stories on economy & finance visit RT’s business section