money – World Top News Now

1Jul

By AdminsNo Comments

Donald Trump rakes in $1.7 billion from crypto companies

US President Donald Trump made more than $1.7 billion from his cryptocurrency businesses last year, even as he dismantled strict regulations around the industry from the White House. Trump’s newly released annual financial disclosure report shows he made more than $US600 million from his business CIC Digital LLC, which oversees the president’s $TRUMP “meme” coins and digital NFT trading cards. Donald Trump reported a major increase in income from cryptocurrency in 2025. AP Another business, World Liberty Financial, made more than $US500 million selling crypto products such as “governance tokens” - the crypto equivalent to company shares. The crypto income from those two businesses totalled about $US1.2 billion, or $1.74 billion. Trump has repeatedly claimed h...

8Jan

By AdminsNo Comments

Trump says US to get up to 50 million barrels of oil from Venezuela at market price

President Donald Trump said “interim authorities” in Venezuela would sell between 30 million and 50 million barrels of “high quality” oil to the US at its market price. “I have asked Energy Secretary Chris Wright to execute this plan, immediately,” Trump posted on Truth Social. “It will be taken by storage ships, and brought directly to unloading docks in the United States.” Trump said the money would be controlled by him as president, but would be used to benefit the people of Venezuela and the United States. President Donald Trump walks off stage after speaking to House Republican lawmakers during their annual policy retreat. (AP) Separately, the White House is organising an Oval Office meeting with oil company executives regarding Venezuela. Representative...

11Sep

By AdminsNo Comments

Elon Musk just lost his title as world’s richest person

Elon Musk has lost his title of "world's richest person" to Oracle co-founder Larry Ellison. Ellison's wealth jumped by $US101 billion ($152 billion) to $US393 billion ($594 billion) after Oracle's stunningly strong earnings report this week, surpassing Musk's net worth of $US385 billion, according to Bloomberg. Oracle (ORCL) reported surging demand for its data centre capacity from AI customers, launching the stock into the stratosphere. Shares gained 36 per cent on Wednesday, which was the stock's biggest single-day gain since 1992. Elon Musk is no longer the richest person in the world. (AP Photo/Matt Rourke) (AP) Chief executive Safra Catz announced on Tuesday after the stock market closed that Oracle signed four multibillion-dollar contracts with customers duri...

7Apr

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Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn

Sending children back to school in new sneakers, jeans and T-shirts is likely to cost US families significantly more this fall if the bespoke tariffs President Donald Trump put on leading exporters take effect as planned, American industry groups warn. About 97 per cent of the clothes and shoes purchased in the US are imported, predominantly from Asia, the American Apparel & Footwear Association said, citing its most recent data. Walmart, Gap Inc., Lululemon and Nike are a few of the companies that have a majority of their clothing made in Asian countries. A worker sews a garment at Pro Sports factory in Nam Dinh province, Vietnam (AP) Those same garment-making hubs took a big hit under the president's plan to punish individual countries for trade imbalances. ...

3Dec

By AdminsNo Comments

Elon Musk dealt $155 billion blow by judge over Tesla pay package

Elon Musk's record-breaking pay package for serving as Tesla's CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion (approx $AUD155 billion) based on Tesla's closing share price Monday, is made up of 303 million Tesla stock options. It had been previously thrown out in January by the same judge, Delaware Chancery Court Chancellor Kathaleen McCormick. Elon Musk's $155 billion-dollar pay packet has been blocked by a judge. (CNN) The package was worth around $56 billion ($A85 billion) at the time the judge threw out the package. At the time, McCormick ruled in favour of the main shareholder in the suit who challenged the package, arguing that Musk and the Tesla bo...

US President Joe Biden signs $146.5 billion war aid measure with assistance for Ukraine, Israel and Taiwan

25Apr

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US President Joe Biden signs $146.5 billion war aid measure with assistance for Ukraine, Israel and Taiwan

US President Joe Biden signed into law on Wednesday a $US95 billion ($146.5 billion) war aid measure that includes aid for Ukraine, Israel and Taiwan and that also has a provision that would force social media site TikTok to be sold or be banned in the US. The announcement marks an end to the long, painful battle with Republicans in Congress over urgently needed assistance for Ukraine. "We rose to the moment, we came together, and we got it done," Biden said at White House event to announce the signing. "Now we need to move fast, and we are." US President Joe Biden speaks before signing a $95 billion Ukraine aid package that also includes support for Israel, Taiwan, and other allies, in the State Dining Room of the White House, Wednesday, April 24, 2024, in Washin...

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