Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’

In what is bound to be pleasing to the ears of U.S. President Donald Trump, Egyptian billionaire Naguib Sawiris has sided with the hardline stance that the leader of the world’s largest economy has taken amid the ongoing U.S.-China trade war. Speaking with CNBC, Sawiris agreed with Trump’s well-known sentiment that China has been taking advantage of the United States and other countries. “President Trump is right about that: This has been a long time where we closed eyes on China raping us.” Sawiris has expressed his fondness for Trump in previous interviews. Sawiris Sides with Trump on Trade War,

The post Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’ appeared first on CCN

News – CCN

Is Billionaire Michael Bloomberg Really the Democrats’ Best Chance to Beat Trump in 2020?

Steven Rattner, a major Democratic donor, told Yahoo! Finance in a recent interview for the website’s “Influencers with Andy Serwer” podcast that he thinks billionaire former New York City Mayor Michael Bloomberg could “absolutely” defeat Donald Trump in the 2020 U.S. presidential election as the Democratic nominee. Rattner, whose net worth is in the hundreds of millions of dollars according to public disclosures, is an investment financier who manages Michael Bloomberg’s personal and charitable wealth assets as the CEO of Willett Advisors LLC.  He got his start in finance as a journalist reporting on business and economics for the

The post Is Billionaire Michael Bloomberg Really the Democrats’ Best Chance to Beat Trump in 2020? appeared first on CCN

News – CCN

Binance Will Survive Any Bitcoin Bear Market: Crypto Billionaire Changpeng Zhao

Billionaire Changpeng Zhao says bitcoin is the future, and that his cryptocurrency exchange Binance can survive any bear market ― no matter how brutal. Zhao also says he “definitely” wants to partner with Ripple’s xRapid cross-border payment platform, but nothing has been decided. Zhao made the revelations during a wide-ranging Periscope Ask Me Anything session on February 7 (see below). ‘We Definitely Want to Add’ Ripple as a Partner “We are working with a number of other partners,” Zhao said. “ xRapid, there’s nothing going on right now. But in the future, we definitely want to add them as a partner.” XRapid

The post Binance Will Survive Any Bitcoin Bear Market: Crypto Billionaire Changpeng Zhao appeared first on CCN

News – CCN

Why Elizabeth Warren and Alexandria Ocasio-Cortez Need to Stop the Billionaire Bashing

In a Thursday interview on CNBC show Mad Money with Jim Kramer, Sen. Elizabeth Warren came out swinging against billionaires, saying: “You know that top one-tenth of 1 percent this year, taxes all in, they’re gonna pay about 3.2 percent of their total worth in taxes to help keep everything running around here. You know what the 99 percent is gonna pay this year? They’re gonna pay about 7.2 percent of their wealth. That’s more than twice as much.” But Elizabeth Warren’s numbers are very misleading. According to the available IRS tax data, the very richest people in America–– the

Why Elizabeth Warren and Alexandria Ocasio-Cortez Need to Stop the Billionaire Bashing by CCN

News – CCN

Billionaire Hedge Fund Mogul George Soros Warns That the US-China ‘Cold War’ Could Escalate Into a ‘Hot One’

By CCN.com: Billionaire hedge funder George Soros has warned that the ‘cold war’ consuming the United States and China could get ugly. Speaking in Davos, Switzerland on the sidelines of the World Economic Forum (WEF), the chairman of hedge fund Soros Fund Management said things could get nasty as the world’s two biggest economies stay

The post Billionaire Hedge Fund Mogul George Soros Warns That the US-China ‘Cold War’ Could Escalate Into a ‘Hot One’ appeared first on CCN

News – CCN