Warner Bros. Discovery CEO David Zaslav hopes to offload assets
With Warner Bros. Discovery's new restructuring (separating cable operations like CNN and Discovery from streaming and studios), there is little doubt that CEO David Zaslav is in the mood to sell. . For Zas, the more buyers, the better. Mr. Zaslav is a balance sheet fanatic through and through. It's a skill he honed during […]
Department of Defense doubles down, says drones are not US military assets
The Department of Defense (Department of Defense) further emphasized on Tuesday that the growing number of possible unmanned aircraft reported in states such as New Jersey and New York are not U.S. military assets, adding that the majority of unmanned aircraft are He added that it was likely being used by hobbyists as a hobby. […]
Breaking down Knicks’ trade assets, possible targets
ORLANDO, Fla. — The Knicks, led by Tom Thibodeau and Leon Rose, followed the same pattern. They started the season slowly, though not necessarily below expectations, and completed some mid-season trades aimed at realigning their rotation. The results in 3 out of 4 times were excellent. They needed another point guard in 2021, and the […]
Warner Bros. Discovery Looks to Split from Toxic TV Assets Like CNN
Cable networks like CNN were once important assets in the entertainment world. Now they've become toxic, which is why Comcast removed them last month, and Warner Bros. Discovery (WBD) is currently considering doing the same. “Warner announced Thursday that it is reorganizing its corporate structure from its streaming and studio division into a separate global […]
Biden admin loans Ukraine $20B backed by profits from ‘immobilized’ Russian assets
The Biden administration announced on Tuesday that it would distribute $20 billion in loans to Ukraine, with the funds recovered from profits generated by “immobilized” Russian assets. “These funds, paid for with windfall profits from Russia's own disabled assets, will provide a critical injection of support in defending Ukraine from an unprovoked war of aggression.” […]
US Treasury Turns Frozen Russian Assets Into $20 Billion Loan For Ukraine
The U.S. Treasury on Tuesday transferred $20 billion of a massive $50 billion G7 loan to Ukraine. The funds are channeled through a World Bank intermediary called the Financial Intermediation Fund of Ukraine Strengthening and Investment Promotion Fund (FORTIS Ukraine FIF), and are aimed at strengthening Ukraine's economic stability amid the ongoing conflict with Russia. […]
US loans Ukraine $20B from seized Russian assets
The Treasury Department on Tuesday extended a $20 billion loan to Ukraine funded by seized Russian assets as part of a broader Group of Seven (G7) effort to strengthen Ukraine's defense. The money will be transferred to Ukraine on Tuesday morning through the World Bank, which received a loan from the United States. The loan […]
Rep. Donalds says using military assets in deportation efforts is ‘extreme last resort'
Rep. Byron Donald (R-Florida) said Sunday that President-elect Trump would use military assets to carry out a mass deportation plan only as an “extreme last resort.” In an interview on ABC News' “This Week,” host Martha Raddatz asked Donald Trump to explain in more detail how he plans to carry out his mass deportation plan. […]
Shell and Equinor to merge UK North Sea oil and gas assets | Shell
Shell and Equinor will combine their offshore oil and gas assets in the UK North Sea to form a new company with 1,300 employees. The Aberdeen-based company will become the North Sea's largest independent producer and is expected to produce more than 140,000 barrels of oil equivalent (BOE) per day next year. Shell said there […]
Forget Bitcoin, MicroStrategy is up 500% this year, and Michael Saylor explains how the stock has outperformed its underlying assets – Fortune
As crypto bulls continue to wait for Bitcoin to reach the $100,000 milestone, they may want to consider companies that own around 400,000 tokens. MicroStrategy has been on a Bitcoin ride, for better or for worse, since co-founder and executive chairman Michael Saylor poured the software company's fortune into the cryptocurrency in 2020. Recently, his […]