ROME—In early 2021, the rare Sandro Botticelli masterpiece “Young Man Holding a Roundel” will be sold on an anonymous online auction through Sotheby’s in what will be a landmark blue-chip art sale in an industry that has suffered greatly during the pandemic with closed galleries, cancelled art fairs, and shuttered auction houses. The painting, which billionaire Manhattan art collector Sheldon Solow bought in 1982 for $1.3 […]
Boom
19 posts
As relations between the world’s two major economies, the US and China, continue to deteriorate, RT’s Boom Bust talks to Professor Richard Wolff about what’s really going on. “What we’re seeing is mostly posturing by Mr. Trump for domestic electoral votes,” he says, adding that the US president thinks the bashing of China could gain him some kind of support. “This is a way of keeping […]
A patron stands in front of a shelf full of wine bottles at a liquor story in the Brooklyn borough of New York City on March 20. Angela Weiss/AFP via Getty Images hide caption toggle caption Angela Weiss/AFP via Getty Images A patron stands in front of a shelf full of wine bottles at a liquor story in the Brooklyn borough of New York City on […]
Russian MMA promotion ACA has been producing spectacular fights, and spectacular finishes, for years, and their latest event, ACA 110, didn’t disappoint as unbeaten featherweight prospect Askhab Zulaev scored a huge knockout win. Lined up against Kyrgyzstan’s Zhorabek Tesheboev, Zulaev faced a prospect with an identical 7-0 record to his own. And as the fight progressed, the pair served up a thrilling, back-and-forth encounter. But the […]
Donna Redel is the former chairman of COMEX, a board member of New York Angels and an Adjunct Professor of Law at Fordham Law School. Olta Andoni is an Adjunct Professor at Chicago-Kent College of Law and Of Counsel at Zlatkin Wong, LLP. A corner of the crypto universe representing less than 1% of total market capitalization of crypto assets has been grabbing the headlines since […]
PLEASE SUBSCRIBE TO OUR YOUTUBE CHANNEL https://www.youtube.com/channel/UCSMiDddiIFSOxakL83fG6GA/ Austin Steinbart (left) , Mike Harris (right) In this episode and interview with Austin Steinbart, we discuss the question many people ask: Is the Q-Anon movement a disinfo psyop to keep people from taking action? We were told to “trust the plan” and to “trust sessions”. To date we have seen little movement and people are becoming frustrated with […]
The Trump administration’s decision to close down China’s consulate in Houston is just another example of “political theater” that could bring more pain to the US economy in a time of crisis, according to Professor Richard Wolff. The host of Economic Update sat down with RT’s Boom Bust to discuss the deteriorating relations between the world’s two biggest economies. Wolff believes that profits of American corporations […]
Metal prices, including gold and copper, have been rallying during the Covid-19 pandemic. Gold has gained over 15 percent since March, while Industrial metal copper has surged 35 percent over the last four months. RT’s Boom Bust is joined by CEO of Euro Pacific Capital Peter Schiff, who projects that all the metals will be driven much higher by inflation. The veteran stockbroker says he is […]
Coinbase is said to be preparing to go public, CENTRE blasklisted a decentralized address and U.S. sanctions on China could trickle down to crypto brokerages. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Coinbase Listing?Coinbase is reportedly preparing to list on […]
The Trump administration’s anti-China policies, including tariffs and attacks on telecoms giant Huawei, have forced the Chinese government to tighten its grip over Hong Kong, an analyst tells RT. Speaking to RT’s Boom Bust on the developments in the Chinese territory after Beijing imposed its national security law, Jeffrey Tucker of the American Institute for Economic Research said that it’s unclear how the bill will affect […]
President Trump delivered an unforgettable speech on Friday night at Mount Rushmore National Park in South Dakota. The president defined the current battle between good and wickedness in America today. President Trump vowed to defend America, its heroes and its history. This is while Democrats vow to tear down statues, rewrite history and defund police. President Trump unloaded on the violent far left movement that is […]
Nexus Mutual is maxed out covering the risks associated with decentralized finance (DeFi) platforms. “Our product has honestly seen massive interest since yield farming kicked off,” Nexus Mutual founder Hugh Karp told CoinDesk in an email. “With potential yields being so lucrative many users are looking to protect themselves against the risk of smart contract failure.” Nexus Mutual provides a way to hedge against the risk […]
Despite the COVID-19 e-commerce boom, bitcoin is hardly seeing more merchant usage as a transactional currency than it was five years ago. “We’ve been doing this for six years and it’s still very rough around the edges,” said Brian Hoffman, co-founder of OB1, maker of crypto marketplace app Haven and its desktop counterpart, OpenBazaar. The Haven app has logged 30,000 downloads since launching in July 2019. […]
Until recently, India’s crypto industry had much reason for optimism. In March, the country’s Supreme Court overturned a ban on banks working with exchanges, clearing a major hurdle. Then the coronavirus pandemic seemed to improve the business case for digital currency, with several exchanges reporting steep growth in users. Now, uncertainty is back. The government may be about to ban crypto altogether, according to media reports, […]
While revoking Hong Kong’s preferential treatment may be catastrophic for the city’s financial system, the move could also backfire on the US itself and even challenge the dollar, Boom Bust has learned. On Friday, US President Donald Trump said he would end the special trade relationship with Hong Kong and impose sanctions on Chinese officials who backed the recent national security law. For the former British […]
The United States has issued a new regulation aiming to limit chip exports to Chinese tech giant Huawei. The firm said its business will “inevitably be impacted” and that “survival is the key word” for the company at present. RT’s Boom Bust is joined by John Quelch, Dean of Miami Business School, to talk about the future of US-China relations. Huawei will be able to survive, […]
As part of the ‘phase one’ trade deal, Beijing on Tuesday issued a new list of US products to be exempt from trade tariffs. This came as the US threatened to terminate the deal if China fails to meet its purchase commitments. RT’s Boom Bust is joined by Todd Horwitz of Bubba Trading and the CEO of Transformity Research Tobin Smith to talk about the possibility […]
The US 10-year Treasury bond yield fell 0.7 percent in response to the latest report of jobless claims. That comes a week after the Treasury said it would borrow a record $2.99 trillion this quarter, and launch a 20-year bond. RT’s Boom Bust talks to former Federal Reserve insider Danielle DiMartino Booth about what all that means for the future. “We’re starting to see the actual […]