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John McAfee, antivirus software creator, found dead in Spanish prison

By Aritz Parra, Renata Brito and Barry Hatton | The Associated Press John McAfee, the creator of the McAfee antivirus software, has been found dead in his cell in a jail near Barcelona, a government official told The Associated Press on Wednesday. Authorities said the cause of death was being investigated. Hours earlier, a Spanish court issued a preliminary ruling in favor of the 75-year-old tycoon’s extradition to the United States to face tax-related criminal charges that could carry decades i...
Tags: Business, Technology, Crime, Taxes, Spain, Bloomberg, Sport, Barcelona, Ap, Soccer, United States, Obituaries, Tennessee, John, Madrid, Caribbean


It Looks Like Peloton Wants to Get Into Wearables

In late 2020, Peloton quietly snapped up a few startups specializing in wearable and fitness technology, sparking speculation that perhaps the connected fitness company was mulling a wearable of its own. Now, a Bloomberg report claims that Peloton is working on an armband that measures heart rate.Read more...
Tags: Iphone, Apple, Ipad, Science, Technology, Activity Tracker, Bloomberg, Smartwatches, Apple Watch, Heart Rate Monitor, Wearable Devices, Peloton, Ubiquitous Computing, Wear OS, Wearable Computers, Humancomputer Interaction


Mortgage giants Fannie Mae and Freddie Mac plunge 45% after Supreme Court ruling gives Biden power to remove director

Mark Wilson/Getty Images Shares of mortgage giants Freddie Mac and Fannie Mae fell as much as 45% on Wednesday following a Supreme Court ruling.The court made it easier for a US President to remove the head of the Federal Housing Finance Agency.President Biden plans to replace FHFA director Mark Calabria following the court ruling, The New York Times reported.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Mortgage giants Fannie Mae and Freddie Mac plunged as much ...
Tags: Supreme Court, White House, US, Trends, Bloomberg, Joe Biden, New York Times, The New York Times, Biden, Donald Trump, Freddie Mac, Calabria, FHFA, Fannie Mae, Federal Housing Finance Agency, Mark Wilson Getty


Two South African brothers have vanished with $3.6 billion of bitcoin in what could be the biggest crypto heist in history

Nicolas Economou/NurPhoto via Getty Images Ameer Cajee and his younger brother, Raees Cajee, founded Africrypt in 2019. Not long after, the siblings, along with bitcoin worth $4 billion at the peak in April, are nowhere to be found. Authorities and lawyers are still trying to get to the bottom of the disappearance. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Two South African brothers recently vanished with $3.6 billion worth of bitcoin in what could potenti...
Tags: Trends, Bloomberg, South Africa, Janet Yellen, US Treasury, Bis, Hawks, FNB, Ameer, Hanekom, Independent Online, Nicolas Economou NurPhoto, Bank for International Settlement, Isabelle Lee, Ameer Cajee, Hanekom Attorneys


A startup offering to take tourists to space in a ship lifted by an enormous balloon is selling tickets for $125,000 a ride

Spaceship Neptune. Space Perspective Space Perspective is building a balloon that will shuttle tourists to the "edge of space." Tickets for the luxury six-hour round trip journey start at $125,000. The Spaceship Neptune will bring tourists above 99% of Earth's atmosphere. See more stories on Insider's business page. Forget airplanes, cruises, and hotels. Space Perspective wants to take you on a $125,000 luxury trip to the "edge of space," according to the company. Spacesh...
Tags: Transportation, Space, Elon Musk, Florida, Science, News, Trends, Bloomberg, Nasa, Earth, Space Tourism, Tourism, Neptune, Jane Poynter, Kennedy Space Center, Nikki Ekstein


Legendary investor Jeremy Grantham says the ongoing bitcoin frenzy reminds him of the dot-com bubble - and recommends the cryptocurrency be avoided in portfolios

Johannes Eisele/AFP via Getty Images Jeremy Grantham said bitcoin is the asset that most resembles the Nasdaq during the 2000 dot-com bubble, according to an interview with Bloomberg."Cryptocurrencies total over $1 trillion of claims on real global assets while adding nothing to the GDP pool - pure dilution," Grantham said.The market historian said bitcoin should be avoided in portfolios and does not serve as a viable hedge to a traditional 60/40 stock & bond portfolio, according to the in...
Tags: Trends, Bloomberg, Nasdaq, Grantham, Jeremy Grantham, Dogecoin, Matthew Fox, Johannes Eisele, Bloomberg Cryptocurrencies


A Canadian bitcoin fund just became the Middle East's first crypto listing after debuting on Nasdaq's Dubai exchange

A pile of bitcoin cryptocurrencies. Jakub Porzycki/NurPhoto via Getty Images Jakub Porzycki/NurPhoto via Getty Images The Bitcoin Fund listed on the Nasdaq Dubai Wednesday as the Middle East joins the crypto craze. The fund was the first of its kind to be listed on a major exchange in Toronto last year. The Bitcoin Fund has risen about 10% since listing, according to data from Nasdaq Dubai. See more stories on Insider's business page. The Middle East has joined the crypto craze. On W...
Tags: Elon Musk, China, Toronto, Trends, Markets, Tesla, Bloomberg, Bitcoin, Canada, Middle East, Dubai, Nasdaq, Cryptocurrencies, North Africa, Corp, Nasdaq Dubai


#Qatar central bank governor sees no need to change currency peg regime | Reuters

Qatar central bank governor sees no need to change currency peg regime | Reuters Qatar has no need to change its currency peg regime despite concerns about rising inflation, the governor of the Gulf state’s central bank said on Wednesday.“I don’t think we’ll change our regime at this moment, there is no need,” Sheikh Abdullah bin Saud al-Thani said at an economic forum organised by Bloomberg.The Qatari riyal has been officially fixed at 3.64 to the dollar since 2001. [Author: [email protected]
Tags: Travel, Qatar, Bloomberg, Gulf, Reuters, Rupert Neil Bumfrey, Reuters Qatar, Abdullah bin Saud al Thani


#Qatar sovereign fund says focusing on warehouses, data centres | Reuters

Qatar sovereign fund says focusing on warehouses, data centres | Reuters Qatar Investment Authority (QIA) is looking at sub-segments of the real estate sector such as warehouses and data centres for investments as the pandemic affected the traditional sectors of the sector, its chief executive said on Wednesday."You have to be a little bit very specific in analysing the sector and try to really find out what are the opportunities," Mansoor bin Ebrahim al-Mahmoud told an economic forum organise...
Tags: Travel, Asia, Qatar, Bloomberg, United States, Reuters, Volkswagen AG, Rupert Neil Bumfrey, Credit Suisse CSGN, Mansoor bin Ebrahim Al Mahmoud, Reuters Qatar Investment Authority QIA


Elon Musk wants to be funny with his tweets, but he should realize his power to move markets and hurt investors, Binance CEO says

Tesla CEO Elon Musk and Binance founder Changpeng Zhao. Brendan McDermid/Reuters/Piergiorgio Borgogno/YouTube Elon Musk should be more careful with his tweets on cryptocurrencies, according to Binance's CEO. "He has to realize that his tweets do have the power to move markets," Changpeng Zhao said. Many new retail investors tend to base their trading decisions on Musk's tweets. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk should be more carefu...
Tags: Elon Musk, Trends, Tesla, Bloomberg, Musk, Elon, Zhao, Mike Novogratz, Binance, Galaxy Digital, Changpeng Zhao, Shalini Nagarajan, Things Before the Opening Bell Elon Musk, Changpeng Zhao Brendan


Jeremy Grantham says the stock market is in a meme-fueled bubble - and shares the drastically lower valuation level that would make him a buyer of equities

Matthew Lloyd/Getty Images for ReSource 2012 Jeremy Grantham explained why the stock market is in a meme-fueled bubble during an interview with Bloomberg on Tuesday.Grantham pointed to stretched valuations, commission-free retail trading, and cryptocurrencies to back up his view.The legendary investor also shared the valuation level that would make him feel comfortable buying stocks again.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Legendary investor Jeremy Gra...
Tags: Finance, US, Trends, Markets, Bloomberg, Trading, Goldman Sachs, Stock Market, Grantham, FactSet, Jeremy Grantham, Dogecoin, Matthew Fox, Matthew Lloyd Getty, Bloomberg Opinion, Stock Market Outlook


#Dubai Developer Said to Plan $2.6 Billion Debt Revamp Talks - Bloomberg

Dubai Developer Said to Plan $2.6 Billion Debt Revamp Talks - Bloomberg Illustration of the Meydan One mall project.   Source: Business Wire Dubai developer Meydan is set to meet its creditors next week to discuss a $2.6 billion debt restructuring plan aimed at giving it financial breathing space, people familiar with the matter said.PwC has been working with the company to put together a proposal, which will be presented at a meeting with bank creditors, the people said, askin...
Tags: Travel, Bloomberg, Pwc, Dubai, Meydan, Rupert Neil Bumfrey, Business Wire Dubai


Oil Climbs Above $73 With Report Pointing to Falling Stockpiles - Bloomberg

Oil Climbs Above $73 With Report Pointing to Falling Stockpiles - Bloomberg PRICES West Texas Intermediate for August delivery rose 0.6% to $73.31 a barrel on the New York Mercantile Exchange at 7:38 a.m. in London after slipping 0.4% in the previous session.The July contract expired Tuesday.Brent for August settlement was up 0.8% to $75.43 on the ICE Futures Europe exchange after dipping 0.1% on Tuesday. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Europe, London, Bloomberg, New York Mercantile Exchange, Rupert Neil Bumfrey


State-owned Qatari Diar refinancing debt, chairman says | Reuters

State-owned Qatari Diar refinancing debt, chairman says | Reuters Qatari Diar Real Estate Investment Co, owned by the Qatar Investment Authority (QIA), is refinancing its debt facilities to take advantage of low rates, its chairman said on Wednesday."We have taken advantage of the low rate," Khalid bin Khalifa Al Thani told an economic forum organised by Bloomberg.He said he expected low interest rates would remain for a "few years to come".As of 2020, Qatari Diar had 50 investment projects in...
Tags: Travel, Bloomberg, Reuters, Qatar Investment Authority QIA, Rupert Neil Bumfrey, Diar, Khalid bin Khalifa Al Thani, Reuters Qatari Diar Real Estate Investment Co


Apple Developing a Whole New Kind of MacBook Air (slashdot)

Bloomberg's Mark Gurman, Apple analyst Ming-Chi Kuo, and leaker Jon Prosser say Apple is working on a completely new, high-end version of the MacBook Air. MacRumors reports: The high-end MacBook Air will feature two USB-C ports and a more powerful Apple silicon chip, according to Gurman. The chip will apparently be a direct successor to Apple's M1 chip, featuring the same number of computing cores, but it will run faster. It is also expected to see an increase in graphics cores from seven or eig...
Tags: Apple, News, Bloomberg, MacBook Air, Mark Gurman, Ming Chi Kuo, Prosser, Gurman, BeauHD, Jon Prosser, MacBook Air MacRumors, MacBook Pro Prosser


Democrats Set to Exploit and Copy Colorado Preemption-Killing Bill

Rural Coloradans have been learning firsthand what the Bloomberg-funded citizen disarmament machine thinks of their “Second Amendment sanctuaries.” (Jared Polis/Facebook) U.S.A. – -(Ammoland.com)- “Colorado governor signs bill allowing cities to set their own gun restrictions into law,” CBS News reported. “ It was one of three bills signed Saturday by Governor Jared Polis (the others being a background check “expansion” and the creation of a “gun violence prevention office”). This effectively...
Tags: Facebook, Guns, Obama, Colorado, California, Cbs News, Barack Obama, Bloomberg, Chicago, Boulder, Bill, Resistance, Home Rule, Wall Street Journal, Cheyenne, Polis


Fourth Stimulus Check: Will You Get Another Relief Payment?

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Tags: Business, New York, Texas, News, Minnesota, Mississippi, Pua, California, Washington, Senate, White House, Massachusetts, Elizabeth Warren, West Virginia, Bloomberg, Joe Biden


Jeremy Grantham reiterates his view that the stock market is in a meme-fueled bubble - and shares the drastically lower valuation level that would make him a buyer of equities

Matthew Lloyd/Getty Images for ReSource 2012 Jeremy Grantham explained why the stock market is in a meme-fueled bubble during an interview with Bloomberg on Tuesday.Grantham pointed to stretched valuations, commission-free retail trading, and cryptocurrencies to back up his view.The legendary investor also shared the valuation level that would make him feel comfortable buying stocks again.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Legendary investor Jeremy Gra...
Tags: Finance, US, Trends, Markets, Bloomberg, Trading, Goldman Sachs, Stock Market, Grantham, FactSet, Jeremy Grantham, Dogecoin, Matthew Fox, Matthew Lloyd Getty, Bloomberg Opinion, Stock Market Outlook


Peloton pops 8% as company announces corporate wellness program and pushes into wearables market

RBL/Bauer-Griffin/GC Images via Getty Images Peloton popped Tuesday on news the company was pitching companies on corporate wellness programs Bloomberg also reported that the company was mounting a venture into the wearable device market. The stock built on its gains throughout the trading session, and closed at $117.17, up 8.4%. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Peloton climbed 8% Tuesday after it announced it would offer discounted products and se...
Tags: Wearables, Trends, Markets, Bloomberg, Wayfair, Peloton, Corporate Wellness, Opening Bell Peloton, MI Exclusive, Ethan Wu, RBL Bauer Griffin GC Images, Getty Images Peloton, Samsung SAP


Elizabeth Warren is holding up the confirmation of a top Education Dept. nominee to push for better administration of student-loan servicers

Sen. Elizabeth Warren (D-MA). GREG NASH/POOL/AFP via Getty Images Sen. Elizabeth Warren is responsible for stalling James Kvaal's nomination to under secretary of education. A source familiar with the matter told Insider the stall is not about student-debt cancellation. Rather, Warren wants the Education Department to improve how it oversees student-loan servicers. See more stories on Insider's business page. Sen. Elizabeth Warren of Massachusetts is responsible for holding up Jame...
Tags: Senate, Massachusetts, Elizabeth Warren, Trends, Bloomberg, Warren, Sen Elizabeth Warren, Sallie Mae, Harvard Law, Education Department, Education Dept, John Remondi, Democracy Journal, Kvaal, James Kvaal, Financial Product Safety Commission


Deutsche Bank’s Top Qatari Holder Says Time Is Ripe for Mergers - Bloomberg

Deutsche Bank’s Top Qatari Holder Says Time Is Ripe for Mergers - Bloomberg Deutsche Bank AG’s top Qatari shareholder signaled his backing for consolidation in Europe’s financial services industry, arguing that the continent’s lenders need scale to compete globally.In a rare interview, former Qatari prime minister and influential investor Sheikh Hamad bin Jassim bin Jabor Al Thani said European lenders should start merging now to confront the growing strength of U.S. and Chinese lenders. Asked...
Tags: Travel, Europe, Qatar, Bloomberg, Deutsche Bank, Hamad bin Khalifa Al Thani, Hamad, Rupert Neil Bumfrey, Time Is Ripe for Mergers Bloomberg, Hamad bin Jassim bin Jabor Al Thani, Paramount Services Holdings, Supreme Universal Holdings


#SaudiArabia Covid Loan Deferral Support for Small Businesses Extended - Bloomberg

Saudi Arabia Covid Loan Deferral Support for Small Businesses Extended - Bloomberg Saudi Arabia extended a loan deferral program to help small businesses cope with the fallout of the coronavirus pandemic by three months to the end of September.The so-called Deferred Payment Program has already impacted 167 billion riyals ($45 billion) of payments since it began in March 2020, the Saudi central bank said in a statement Tuesday.The program been extended several times to help support economic gro...
Tags: Travel, Bloomberg, Rupert Neil Bumfrey, Bloomberg Saudi Arabia, Deferred Payment Program


Oil to Near $100, Commodities Boom Likely to Resume: #Qatar Forum - Bloomberg

Oil to Near $100, Commodities Boom Likely to Resume: Qatar Forum - Bloomberg Oil prices are likely to keep rising toward $100 a barrel while a cool-off in commodity prices won’t last, leaders of key firms said at the Qatar Economic Forum on Tuesday. The head of Royal Dutch Shell Plc said governments will need to help companies cut customer emissions.Earlier, one of Deutsche Bank AG’s top shareholders signaled his backing for consolidation in Europe’s financial services industry, arguing that t...
Tags: Travel, Europe, Qatar, Bloomberg, Bitcoin, Treasury, Royal Dutch Shell Plc, Deutsche Bank AG, Lawrence Summers, Ray Dalio, Rupert Neil Bumfrey, Michael Novogratz, Bloomberg Oil, Qatar Economic Forum


The US Navy says parts on its Virginia-class attack submarines are breaking sooner than expected

The Navy has a problem with some of its Virginia-class fast-attack submarines, specifically that some parts are failing sooner than expected. US Navy The US Navy has a parts problem with some of its Virginia-class submarines. Some parts "are failing more quickly than we originally envisioned," the acting Navy secretary said. His comments follow a report revealing the Navy has cannibalized hundreds of subs for working parts. See more stories on Insider's business page. US Navy leaders a...
Tags: Navy, Virginia, Trends, Bloomberg, US Navy, Submarines, CBO, Senate Armed Services Committee, Congressional Budget Office, Harker, U.S. Navy, Naval Sea Systems Command, Military & Defense, Ryan Pickrell, Virginia-class submarine, Thomas Harker


Will Blackstone’s $6 billion on house rentals hurt homebuyers’ chances?

By Patrick Clark | Bloomberg Blackstone Group agreed to buy single-family rental company Home Partners of America for $6 billion, betting the demand for suburban housing will stay hot even as the pandemic eases. Home Partners, which is being acquired by Blackstone Real Estate Income Trust, owns more than 17,000 homes across the U.S., according to a statement on Tuesday. The company gives tenants the option of buying their rental, making it unique among its peers. Single-family rentals have been ...
Tags: Business, Real Estate, News, California, Housing, Wall Street, Toronto, America, Bloomberg, Sport, Soccer, Rent, Blackstone, Blackrock, Southern California, Fed


Lidar company Quanergy to go public via $1.4B SPAC deal

Quanergy Systems, the Sunnyvale, California-based lidar company, said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp., a Chinese blank-check firm affiliated with the country’s largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, is expected to close in the second half of 2021. After closing, the transaction will inject the lidar company with around $278 million in pro forma net cas...
Tags: TC, Transportation, China, Funding, Samsung, Tech, Tesla, Bloomberg, Automotive, United States, Private Equity, Autonomous Vehicles, Volvo, Lidar, Daimler, Citic


Torchlight cashes in on Reddit hype and sells $100 million in new shares after retail traders help drive a 58% surge in the stock price

Reuters Reuters orchlight sold $100 million worth of new shares amid retail-trader hype, a new SEC filing shows. Shares of the small Texas oil driller tumbled as much as 25% Tuesday after a record rally Monday. Reddit investors are backing the stock ahead of its merger with Metamaterial at the end of June. See more stories on Insider's business page. Torchlight Energy Resources was quick to cash in on retail-trader hype, selling $100 million worth of new shares amid the stock's rec...
Tags: Texas, Trends, Markets, Bloomberg, Reddit, SEC, Securities And Exchange Commission, Short Sellers, Transocean, Peabody, Plano Texas, Reuters Reuters, Short Squeeze, Share Sale, AMC Entertainment, Torchlight Energy Resources


The first Royal Caribbean cruise in the US just launched after 15 months of no sailing - here's what happened

Royal Caribbean's Freedom of the Seas cruise ship. Royal Caribbean The first cruise sailing out of a US port in over a year departed on Sunday from Florida, Bloomberg reported. The Royal Caribbean Freedom of the Seas cruise is operating as a "simulated voyage." All of the guests - Royal Caribbean employees and their adult plus-ones - are cruising for free. See more stories on Insider's business page. Lines of people waiting to board a cruise ship may seem like an unfamiliar sig...
Tags: Travel, Transportation, Florida, Cdc, US, Trends, Bloomberg, Cnn, Cruise, Miami, Royal Caribbean, US Centers for Disease Control and Prevention, Jimenez, Joe Raedle Getty, Aaron Saunders, Cruise Industry


Billionaire investor Ray Dalio is more worried about reducing stimulus than tackling inflation - and expects jumpy investors and political tensions to make it tricky

Ray Dalio. Kimberly White/Getty Images Ray Dalio is more concerned about reducing stimulus than rising inflation. The Bridgewater Associates boss expects the Federal Reserve to struggle to sell government bonds. Dalio predicts that sensitive investors and political tensions will make tapering stimulus tougher. See more stories on Insider's business page. Billionaire investor Ray Dalio is much more worried about how the Federal Reserve will taper its stimulus efforts than he is about ri...
Tags: US, Trends, Bloomberg, Federal Reserve, Fed, Bridgewater, Ray Dalio, Dalio, Bridgewater Associates, Theron Mohamed, Ray Dalio Kimberly White Getty Images Ray Dalio, Qatar Economic Forum, Bloomberg Skittish


#Qatar May Sit Out Gulf Debt Binge, Acting Finance Minister Explains - Bloomberg video

Qatar May Sit Out Gulf Debt Binge, Acting Finance Minister Explains - Bloomberg One of the Gulf’s largest and highest-rated borrowers won’t need to return to the debt market any time soon, though it may choose to take advantage of low interest rates. Ali Al Kuwari, Qatar’s acting finance minister and the Minister of Commerce and Industry says "the only time we might need financing is just to improve our financial position." He speaks with Bloomberg's Simone Foxman. (Source: Bloomberg) [A...
Tags: Travel, Qatar, Bloomberg, Gulf, Rupert Neil Bumfrey, Simone Foxman, Ali Al Kuwari Qatar, Minister of Commerce and Industry