Financial Wealth Daily

US allows China to purchase Venezuelan oil but not at ‘undercut’ prices of Maduro days, official says

By Timothy Gardner WASHINGTON, Jan 22 (Reuters) – The Trump administration is allowing China to purchase Venezuelan oil but not at “unfair, undercut” prices at which Caracas sold the crude before the U.S. removed President Nicolas Maduro, a U.S. official said on Thursday.    While the oil will be sold in the global marketplace, the administration has…

Read More

Theranos founder Elizabeth Holmes asks Trump to commute her prison sentence

The AI Boom Runs on Real Assets-This Company Built Them Early Strange picture predicts the market’s next move? [sponsor] The AI Boom Runs on Real Assets-This Company Built Them Early [sponsor] As technology scales, attention is shifting from digital products to the physical assets that make growth possible. Companies that built around this foundation early are…

Read More

Theranos founder Elizabeth Holmes asks Trump to commute her prison sentence

WASHINGTON, Jan 21 (Reuters) – Theranos founder Elizabeth Holmes has asked President Donald Trump to commute her sentence after she was convicted of defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion, a notice on the Justice Department website showed. The U.S. Justice Department’s Office of the Pardon Attorney lists…

Read More

Netflix co-CEOs go on defensive over $83 billion Warner Bros deal

By Zaheer Kachwala Jan 21 (Reuters) – Netflix’s co-CEOs found themselves in an unusual position after the company’s latest earnings report: on the backfoot. The streaming pioneer’s decision to plunk down nearly $83 billion on Warner Bros’ assets marks a significant departure from the company’s long-standing mantra: build, don’t buy. Investors still aren’t buying it….

Read More