Monthly Archives: August 2022

Ericsson, Nokia and Google make 5G breakthrough on Android 13

Google has successfully completed trials of technology that will allow a single Android device to switch between network slices and connect to multiple network slices at the same time. Network slicing is viewed by operators as one of the biggest revenue opportunities of standalone 5G (5G SA) networks which use an entirely virtualised, cloud-based core…

Rich men like Jeff Bezos to Sergey Brin leave their wealth in the hands of women, whose investment strategies fit the bill of long-term thinking family offices.

Hi. I’m Aaron Weinman. Behind the fortunes of wealthy folks like Google cofounder Sergey Brin, or the Hyatt hotel heirs JB and Tony Pritzker, are some of the most qualified women in banking and finance. Brin’s family office, Bayshore Global, named 35-year-old Goldman Sachs alum Marie Young as chief investment officer in January. Mousse Partners,…

Putin is paying parents in occupied Ukraine $167 to send children to school and receive a Russian education

A Ukrainian serviceman looks at a crater and damaged school after Russian shelling in a residential area in Chuhuiv, Kharkiv region, Ukraine, Saturday, July 16, 2022 Evgeniy Maloletka / AP Photo The Kremlin offered $167 to parents in occupied Ukraine to send kids to Russian-controlled schools. It’s the latest attempt to get Ukrainians to accept…

FCC commissioner slams the agency for rejecting Elon Musk’s bid for $886 million in funding to SpaceX’s Starlink satellite internet

FCC Commissioner Brendan Carr criticized the FCC for denying Elon Musk’s SpaceX $886 million in subsidies. IM WATSON/AFP/Tom Williams/CQ-Roll Call, Inc via Getty Images Commissioner Brendan Carr slammed the FCC for denying SpaceX $886 million in US subsidies to expand Starlink. The FCC’s decision was “without a lawful basis,” Carr said in a statement. It…

Markets guru Harry Dent blames the Fed for an epic asset bubble – and sees a 40% drop in the Nasdaq plus an economic depression

Harry Dent. YouTube/hsdentfinancial Author Harry Dent said the Federal Reserve has created the biggest asset bubble in history. The market historian predicted a painful crash in stocks and an economic depression. Dent trumpeted multifamily real estate and long-dated Treasury bonds as excellent bets today. Excessive stimulus has inflated asset prices to such heights that a…

TikTok is like crack cocaine, according to a Wall Street research firm. A top market analyst explains how the Chinese app has displaced giants across Big Tech.

Happy Friday eve, readers. I’m Phil Rosen, coming to you from New York. Tomorrow, Jerome Powell will speak at Jackson Hole, Wyoming, and likely dash hopes for a potential Fed pivot. Be sure to check your inbox ahead of the key speech Friday — I’ll be breaking down everything you want to know from how…

UK leadership candidate Rishi Sunak attacks COVID lockdowns that he supported in government

Rishi Sunak at one of the UK government’s regular COVID-19 press conferences Tolga Akmen / various sources / AFP Rishi Sunak, a candidates to be the next UK prime minister, attacked the extent of COVID lockdowns. The decisions to lock down were made while he was in government, and he appeared to support them. Sunak…