Jacques Veyrat received the renewable energy business now known as Neoen SA as part of an exit package after losing a power struggle with the widow of his former boss. Now he’s on the verge of pocketing €2.6 billion ($2.8 billion) from its sale. from Bloomberg Markets https://ift.tt/1i8GtfY
Learning the tax rules on gold could help avoid costly mistakes. https://www.wsj.com/articles/gold-taxes-capital-gains-98ac2835
TLDR Caitlyn Jenner launched a Solana-based meme coin called JENNER, which initially led to confusion about whether her account was hacked. Jenner later launched a new version of the JENNER token on Ethereum, with a 3% transaction tax to be donated to support Donald Trump’s presidential campaign once the token reaches a $50 million market…
Goldman Sachs Group Inc. sees growing potential for the global market for weight-loss drugs by the end of the decade. from Bloomberg Markets https://ift.tt/Tg9aJfu
This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) This week, Ethereum has moved sideways with a modest 1.5% price increase. Bulls tried to take ETH above $3,900, but they were stopped despite the few attempts. It appears that the resistance at $4,000 will require more time…
China signaled it may skip a conference on the war in Ukraine next month in Switzerland, raising more questions over how effective the event will be. from Bloomberg Politics https://ift.tt/kWymPFa
Consumer prices were 2.6% higher in May than a year earlier, an increase in the 2.4% rate in April, and slightly above expectations, but the rise is unlikely to deter the European Central Bank from cutting interest rates next week. https://www.wsj.com/articles/eurozone-inflation-rises-as-ecb-mulls-rate-cuts-56a75b9f
Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered solutions and CBDCs, despite resistance from sector incumbents. In Africa, crypto-enabled payments are enhancing accessibility and affordability,…
This much is clear for the financial markets: The US presidential election is likely to usher in a bumpy end to 2024. from Bloomberg Politics https://ift.tt/WdgGmTJ
Global bond investors are coming to terms with the likelihood that interest rates are going to stay high for the foreseeable future. from Bloomberg Markets https://ift.tt/8YgRyq6