Tag Archives: World

(Bloomberg) — It was the type of master stroke that could make a Wall Street career. Jason Mudrick’s financing of AMC Entertainment Holdings Inc. at the height of the pandemic netted his hedge fund hundreds of millions of dollars in just a few months. Then, in the blink of an eye, it was gone. Options contracts meant to hedge the bullish wager went haywire as retail traders flocked to AMC’s stock, pushing shares to once unimaginable heights and costing Mudrick Capital Management all of… Source link

(Bloomberg) — When will China overtake the U.S. to become the world’s biggest economy? Few questions are more consequential, whether it’s for executives wondering where long-term profits will come from, investors weighing the dollar’s status as global reserve currency, or generals strategizing over geopolitical flashpoints. In Beijing, where they’ve just been celebrating the 100th anniversary of the Chinese Communist Party, leaders are doing their best to present the baton-change as… Source link

Elon Musk, the world’s second-richest man, told Twitter he rented a $50,000 house in Texas. He’s speculated to be living in a prefabricated home made by the housing startup Boxabl. The billionaire appears to be keeping a promise he made in May last year to “own no house.” Visit Insider’s homepage for more stories. Tesla CEO Elon Musk – the world’s second-richest man, with a net worth of about $185 billion – said in a tweet in June that he rented a home in Boca Chica, Texas, that costs $50,000. On… Source link

Karsten Warholm made history on Thursday. (Photo by ANNIKA BYRDE/NTB/AFP via Getty Images) The men’s 400-meter hurdles officially has an Olympic favorite. And a new world record-holder. Karsten Warholm, a 25-year-old Norwegian hurdler, clocked a 46.70-second time in the 400m hurdles at a Diamond League meet in Oslo on Thursday to break a 29-year-world record, according to NBC Sports. The record was previously held by American Kevin Young, who ran a 46.78 at the 1992 Olympics in Barcelona. The… Source link

Robert Kiyosaki has stated that buying bitcoin, gold, and silver are good bets as he expects the biggest crash in world history is upon us. The American businessman and author of the acclaimed book “Rich Dad, Poor Dad” has expressed his views on the current financial market.  Kiyosaki is a bitcoin maximalist who has become very vocal about his opinions on bitcoin in recent months. The 74-year-old’s recent tweet backs gold, silver, and bitcoin as safe haven assets pending a worldwide… Source link

Say hello to Google’s new pricing tiers for Google Photos. The familiar web interface for Photos users. … Source link

Mexico fans during a friendly against Honduras on June 12th in Atlanta. (Photo by Rich von Biberstein/Icon Sportswire via Getty Images) Mexico’s men’s national soccer team must play its first two home 2022 World Cup qualifiers in empty stadiums as punishment for some of its fans’ insistence on yelling a homophobic slur during matches. The “p***” chant has plagued Mexican soccer for years. Officials refused to reckon with it until recently. The Mexican soccer federation (FMF) promised to crack… Source link

Alex Harvill reportedly landed short of his landing ramp. (Photo by Sergei BobylevTASS via Getty Images) An attempt at setting a world record for longest ramp-to-dirt motorcycle jump has reportedly ended in tragedy. Stuntman Alex Harvill, 28 years old, died Thursday while preparing for a 351-foot motorcycle jump at the Moses Lake Airshow in Washington state’s Grant County International Airport, according to the Columbia Basin Herald’s Charles Featherstone. The deadly crash reportedly occurred… Source link

Bitcoin enthusiasts at El Zonte Beach in Chiltiupan, El Salvador. Photo: Jose Cabezas/Reuters The price of bitcoin (BTC-USD) hovered just below $40,000 (£28,633) on Thursday as the World Bank rejected a request from El Salvador to help with the implementation of the cryptocurrency as a legal tender. The bank said it could not assist El Salvador’s implementation of bitcoin due to the environmental impact of bitcoin mining, and transparency drawbacks. It comes as research from the Financial… Source link

As Scott Morrison fronted the media to tout a “rather unique opportunity” for a trilateral meeting with his US and UK counterparts during the G7 leaders summit, the first question from a journalist came as no surprise.  “That is not a usual opportunity,” the Australian prime minister said of the three-way discussions, his first in-person meeting with the new US president, Joe Biden.  But there was one word on everyone’s mind.  “How many times did the word China come into the trilateral… Source link