Category: Business

Risks in AMD – Xilinx deal
10. 10. 2020 No Responses

Risks in AMD – Xilinx deal

AMD is in talks to acquire Xilinx Inc. in a deal that could be valued at as much as $30 billion. That would be AMD’s largest purchase ever, by a wide margin, and conjures memories of a similarly audacious transaction...
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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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JPMorgan to pay $920 million for manipulating precious metals and treasury market
30. 9. 2020 No Responses

JPMorgan to pay $920 million for manipulating precious metals and treasury market

The bank engaged in “spoofing”, a manipulative practice designed to create illusion of demand, or lack thereof. JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation ...
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Prosecutors say JPMorgan Nowak’s trading desk was a criminal racketeering operation
29. 9. 2020 No Responses

Prosecutors say JPMorgan Nowak’s trading desk was a criminal racketeering operation

Meet The Mastermind Behind JPMorgan’s Gold And Silver Manipulation Crime Ring. There was a time when the merest mention of gold manipulation in “reputable” media was enough to have one branded a perpetual conspiracy theorist with a tinfoil f...
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NASDAQ Shorts Hit Second Highest Ever
26. 9. 2020 No Responses

NASDAQ Shorts Hit Second Highest Ever

One week after one of the biggest inflows into stock funds on record – when retail traders furiously BTFD in hopes the market’s upward momentum would accelerate – speculators hit a brick wall and reversed furiously as stocks slumped, with...
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The FED Is Preparing To Deposit “Digital Dollars” Directly To “Each American”
24. 9. 2020 No Responses

The FED Is Preparing To Deposit “Digital Dollars” Directly To “Each American”

Legislation has proposed that each American have an account at the FED in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments. Over the past decade, the one common...
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Debt and Oil Economies
23. 9. 2020 No Responses

Debt and Oil Economies

Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The emirates this year issued debt for the first time in years. So did Bahrain. Saudi Arabia stepped up its debt issuance. The moves are typical for the oil-dependent Gulf economies. When...
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GE will stop building coal-fired power plants
21. 9. 2020 No Responses

GE will stop building coal-fired power plants

In a very slow reversal, one of the world’s biggest makers of coal-fired power plants is to exit the market and focus on greener alternatives. US industrial giant General Electric said it would shut or sell sites as it prioritised...
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ARM and Nvidia chips could seriously challenge Intel and AMD
19. 9. 2020 No Responses

ARM and Nvidia chips could seriously challenge Intel and AMD

Nvidia’s only CPU and mobile-centric hardware has been the Tegra line of SoCs. These were found in a few mobile devices some years ago; the Google Nexus 7 had a Tegra chipset for example. But Nvidia has mostly stuck with...
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Raytheon to axe more than 15,000 jobs
18. 9. 2020 No Responses

Raytheon to axe more than 15,000 jobs

Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace amid a broad downturn in the airline industry Total...
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Carnival Cruise Line Cancels Trips Into Spring
17. 9. 2020 No Responses

Carnival Cruise Line Cancels Trips Into Spring

Carnival Cruise Line is canceling sailings into early 2021 and is also selling two of its ships as pandemic continues to tremendously affect the travel industry. Announced this week, the cruise line canceled cruises on both their Carnival Magic and...
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How the Aerospace and Airlines Sector See the Speed of Recovery
16. 9. 2020 No Responses

How the Aerospace and Airlines Sector See the Speed of Recovery

The timeline for a passenger traffic recovery remains uncertain. The IATA does not expect passenger traffic to return to pre-COVID-19 levels until 2024. Leeham Co. predicts that it will take four to eight years before traffic returns to pre-COVID-19 levels....
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Gilead agrees to acquire Immunomedics for $21 billion
15. 9. 2020 No Responses

Gilead agrees to acquire Immunomedics for $21 billion

Immunomedics soars 106% after Gilead agrees to acquire the cancer-drug company for $21 billion. Gilead’s proposed $21 billion acquisition of Immunomedics sent shares of the cancer-drug company soaring as much as 106% on Monday. Immunomedics develope...
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