Editors’ Picks – Page 45

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...

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...

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...

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...

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...

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...

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 (...

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%...

11. 8. 2020 No Responses

400 Security Flaws In Qualcomm’s Snapdragon CPUs

Qualcomm turn over 1 Billion Android phones into spying tools. More than one billion Android phones may be compromised as researchers found 400 vulnerabilities in Qualcomm’s Snapdragon chips, which are standard in smartphones and other gadgets. Snapdrago...