• Sep 04, 2024

In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Token Payouts

A whopping 70% of Trump-backed World Liberty Financial's WLFI tokens will be reserved for the project's insiders, according to a white paper draft obtained by CoinDesk. World Liberty Financial, the new crypto lending platform promoted by former U.S. President Donald Trump and his sons, advertises itself as a way of "putting the power of finance back in the hands of the people" and a solution to the "rigged" traditional finance system. CoinDesk has obtained a draft white paper for the project.

  • Sep 04, 2024

China’s Earnings Setback Sows Fresh Doubts About Stock Rebound

(Bloomberg) -- China’s stock market is facing darker prospects after a weak earnings season dashed hopes for any imminent recovery in flagging consumption that has weighed on the world’s No. 2 economy.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsEarnings per share for the MSCI China Index fell 4.5% from the year earlier in the second quarter, its worst in five quarters, ac