Latest news with #Trumps'
Yahoo
12-08-2025
- Business
- Yahoo
Eric Trump joins World Liberty Financial treasury company before WLFI token launch
Eric Trump joins World Liberty Financial treasury company before WLFI token launch originally appeared on TheStreet. There are Bitcoin treasury companies, and there are Ethereum treasury companies. And then, there is the treasury company that Eric Trump just joined – which is setting up to establish a treasury built around the token powering the Trumps' crypto project before it even begins trading. Today, ALT5 Sigma announced it would be raising $1.5 billion to establish a treasury strategy to buy World Liberty Financial tokens, and would add Eric Trump to its board, along with World Liberty co-founder Zach Witkoff. As Coinage has covered, the Trumps are now majority owners in the DeFi project they launched called World Liberty Financial. The project raised more than half a billion dollars via its WLFI token sale — and has since announced the token will soon be tradeable. In an announcement, ALT5 Sigma said it plans to hold approximately 7.5% of the total supply of $WLFI tokens. The company, which was founded in 2018 and boasts a market cap of around $120 million, has been actively involved in crypto via its payments businesses. The Nasdaq-listed stock traded 6% higher Monday morning after the announcement, before flipping into the red to trade 14% lower in the afternoon. Trading activity in these publicly traded treasury companies have been sporadic during announcements. Even Sharplink Gaming, the Ethereum treasury company backed by Ethereum co-founder Joe Lubin, saw shares re-trace 90% just weeks after their announcement when they launched earlier this summer. World Liberty Financial has signaled that its WLFI tokens will begin trading soon, after a community vote approved unlocking them for early backers. Eric Trump joins World Liberty Financial treasury company before WLFI token launch first appeared on TheStreet on Aug 12, 2025 This story was originally reported by TheStreet on Aug 12, 2025, where it first appeared. Sign in to access your portfolio
Time of India
17-06-2025
- Business
- Time of India
Trumps' new venture: A mobile phone company
Trumps' new venture: A mobile phone company In an apparent bid to make inroads into the liberal-dominated information ecosystem, US President Trump's sons Eric and Don jr on Monday launched "Trump Mobile" a mobile phone service with a subscription plan called the "47 Plan". Alluding to Trump being the 45th and 47th president, the $47.45 per month plan includes unlimited service and free international calling to over 100 countries, with no contracts or credit checks required. The service emphasises US-based customer support available 24/7 and compatibility with most existing phones. Trump Mobile also plans to release in Aug 2025 a $499 Android phone made in America, to challenge Apple and other phone makers whose foreign production has irked the MAGA supremo. The venture, announced by Trump's sons at Trump Tower in New York, positions itself as a conservative alternative to major telecom providers, focusing on "American pride" and reliability.
Yahoo
15-05-2025
- Business
- Yahoo
Calmes: Will the Qatar gift to Trump fly?
The real value of President Trump's acceptance of a $400 million 'palace in the sky' — a super luxe Boeing 747-8 grift, er, gift, from the oil-rich Qatari royal family — could be in what it reveals to his fellow Americans about his unprecedented, global grab for wealth and its trappings. After all, most Americans struggle to grasp the Trump family's open leveraging of presidential clout, especially when it comes to the complex world of cryptocurrency. Various deals have made Trump a 'crypto billionaire,' in the Wall Street Journal's phrase, in a matter of months. Americans' eyes also glaze over at the complicated, lucrative branding deals with foreign investors eager to slap the Trump name on hotels, residential towers and resort golf courses, especially in the Middle East, thereby gaining an in with the world's most powerful person. 'Golden Age … for Trumps' was the headline last week in Axios, aptly turning Trump's inaugural promise, 'a golden age for America,' on its head. Read more: Trump returns to the Middle East with tech titans, seeking trillion-dollar deals Now, finally, Trump is making it easy for everyone to fathom his corruption. Who can't smell the stink of taking a tricked-out jet from a foreign government keen to curry U.S. favor, and in particular Qatar, which Trump decried in his first term for its financing of terrorist groups Hamas and Hezbollah? Even Republicans untied their tongues to question this Trumpian transaction, along with MAGA celeb-loyalists Ben Shapiro and Laura Loomer. 'If this were Biden, we would be furious,' Nikki Haley correctly wrote on social media. Critics from across the spectrum rushed to name the plane: Swamp Force One, Grift Force One, Hamas Force One. And who can't see the hypocrisy of this purportedly populist president, who only recently suggested that American girls sacrifice dolls for his tariffs, grousing on Tuesday to Sean Hannity aboard Air Force One about how shabby his 'much smaller and less impressive' presidential plane looks alongside the shiny new 747s of Saudi Arabia, Qatar and the United Arab Emirates, the three petro-states he's visiting this week. Read more: Calmes: It's all Trump's economy now 'He is infuriated that he begins his second term flying around in the same aging planes that once transported President George H.W. Bush' in the early 1990s, the New York Times reported in February. Boo-hoo. The backlash over Qatar's promised largesse plainly has riled a president who's surrounded with sycophants, enablers and a compliant Republican Congress in this second term, and isn't accustomed to being second-guessed. For days after ABC News broke the airplane story on Sunday, Trump assailed his 'stupid' critics. 'Why should our military, and therefore our taxpayers, be forced to pay hundreds of millions of Dollars when they can get it for FREE,' he wrote on social media from Saudi Arabia on Wednesday. 'You'd have to be stupid to believe that a $400 million plane, offered by a foreign government, is 'free,' ' former Obama advisor David Axelrod countered on X. Read more: Calmes: The 'USA' brand was 250 years in the making. It took just 100 days to trash it Exactly. Besides, the Qatari jet would actually cost hundreds of millions of taxpayer dollars after it was scoured for bugs and transformed it into an airborne command center capable of withstanding missile attacks and nuclear blast fallout. I'm skeptical he'll ever take possession. But let the plane pile-on continue — Trump deserves it — if this simple scandal helps Americans focus on how fully he's exploiting the presidency for self-enrichment. In his first term, Trump and his family were relatively careful to avoid the appearance of conflicts of interest involving foreign investments. ('Relatively' is doing a lot of work there.) No more. Read more: Calmes: The case that proves the U.S., under Trump, no longer stands for rule of law Even Trump's Mideast trip is all business — the country's and as importantly, his own — despite the turmoil in Gaza and Yemen. In his previous term, Trump's first state visit also was to the region; since then, the sovereign-wealth funds of Saudi Arabia, Abu Dhabi and Qatar have seeded Trump son-in-law Jared Kushner's investment firm with a reported $4.8 billion. Ahead of the trip, Eric Trump, who runs the Trump Organization, did advance work of a sort: He hopscotched the countries his father would soon visit promoting the family crypto and real estate ventures. In Dubai he was center stage for the announcement that a firm backed by Abu Dhabi would finance a deal using $2 billion in digital coins from the Trumps' cryptocurrency business, reaping hundreds of millions of dollars in fees for the family. More such deals are underway. In Qatar, Eric Trump watched as a government official signed the paperwork for a Trump-branded golf course and luxury villa complex, to be built by a Saudi firm. It's one of several such projects in the region. Meanwhile, Donald Trump Jr. was leapfrogging among Hungary, Romania, Serbia and Bulgaria, prospecting with paid speeches about the 'Trump Business Vision 2025' and visiting foreign officials and politicians. The family formed its cryptocurrency venture, World Liberty Financial, just before the election and it's already a global force, with foreigners galore investing in it in bids for the president's favor. As the company's 'Chief Crypto Advocate,' Trump regularly urges people to buy up its digital tokens; next week, he'll dine at one of his golf courses with the 220 top buyers of his $Trump memecoin. Meanwhile, as president, he's using his official powers to spur the industry. He's has signed executive orders promoting crypto, appointed a crypto-friendly chairman of the Securities and Exchange Commission and shuttered the government's crypto crimes task force. No less than the Wall Street Journal editorial board fretted back in January that Trump, by blurring crypto profiteering and the presidency, was 'inviting trouble with what looks like remarkably poor judgment.' Absolutely. And that trouble — legal, political and ethical — could be a heck of a lot worse than the furor over a $400-million jet fit for a king. @jackiekcalmes Get the latest from Jackie CalmesCommentary on politics and more from award-winning opinion me up. This story originally appeared in Los Angeles Times.
Los Angeles Times
15-05-2025
- Business
- Los Angeles Times
Will the Qatar gift to Trump fly?
The real value of President Trump's acceptance of a $400 million 'palace in the sky' — a super luxe Boeing 747-8 grift, er, gift, from the oil-rich Qatari royal family — could be in what it reveals to his fellow Americans about his unprecedented, global grab for wealth and its trappings. After all, most Americans struggle to grasp the Trump family's open leveraging of presidential clout, especially when it comes to the complex world of cryptocurrency. Various deals have made Trump a 'crypto billionaire,' in the Wall Street Journal's phrase, in a matter of months. Americans' eyes also glaze over at the complicated, lucrative branding deals with foreign investors eager to slap the Trump name on hotels, residential towers and resort golf courses, especially in the Middle East, thereby gaining an in with the world's most powerful person. 'Golden Age … for Trumps' was the headline last week in Axios, aptly turning Trump's inaugural promise, 'a golden age for America,' on its head. Now, finally, Trump is making it easy for everyone to fathom his corruption. Who can't smell the stink of taking a tricked-out jet from a foreign government keen to curry U.S. favor, and in particular Qatar, which Trump decried in his first term for its financing of terrorist groups Hamas and Hezbollah? Even Republicans untied their tongues to question this Trumpian transaction, along with MAGA celeb-loyalists Ben Shapiro and Laura Loomer. 'If this were Biden, we would be furious,' Nikki Haley correctly wrote on social media. Critics from across the spectrum rushed to name the plane: Swamp Force One, Grift Force One, Hamas Force One. And who can't see the hypocrisy of this purportedly populist president, who only recently suggested that American girls sacrifice dolls for his tariffs, grousing on Tuesday to Sean Hannity aboard Air Force One about how shabby his 'much smaller and less impressive' presidential plane looks alongside the shiny new 747s of Saudi Arabia, Qatar and the United Arab Emirates, the three petro-states he's visiting this week. 'He is infuriated that he begins his second term flying around in the same aging planes that once transported President George H.W. Bush' in the early 1990s, the New York Times reported in February. Boo-hoo. The backlash over Qatar's promised largesse plainly has riled a president who's surrounded with sycophants, enablers and a compliant Republican Congress in this second term, and isn't accustomed to being second-guessed. For days after ABC News broke the airplane story on Sunday, Trump assailed his 'stupid' critics. 'Why should our military, and therefore our taxpayers, be forced to pay hundreds of millions of Dollars when they can get it for FREE,' he wrote on social media from Saudi Arabia on Wednesday. 'You'd have to be stupid to believe that a $400 million plane, offered by a foreign government, is 'free,' ' former Obama advisor David Axelrod countered on X. Exactly. Besides, the Qatari jet would actually cost hundreds of millions of taxpayer dollars after it was scoured for bugs and transformed it into an airborne command center capable of withstanding missile attacks and nuclear blast fallout. I'm skeptical he'll ever take possession. But let the plane pile-on continue — Trump deserves it — if this simple scandal helps Americans focus on how fully he's exploiting the presidency for self-enrichment. In his first term, Trump and his family were relatively careful to avoid the appearance of conflicts of interest involving foreign investments. ('Relatively' is doing a lot of work there.) No more. Even Trump's Mideast trip is all business — the country's and as importantly, his own — despite the turmoil in Gaza and Yemen. In his previous term, Trump's first state visit also was to the region; since then, the sovereign-wealth funds of Saudi Arabia, Abu Dhabi and Qatar have seeded Trump son-in-law Jared Kushner's investment firm with a reported $4.8 billion. Ahead of the trip, Eric Trump, who runs the Trump Organization, did advance work of a sort: He hopscotched the countries his father would soon visit promoting the family crypto and real estate ventures. In Dubai he was center stage for the announcement that a firm backed by Abu Dhabi would finance a deal using $2 billion in digital coins from the Trumps' cryptocurrency business, reaping hundreds of millions of dollars in fees for the family. More such deals are underway. In Qatar, Eric Trump watched as a government official signed the paperwork for a Trump-branded golf course and luxury villa complex, to be built by a Saudi firm. It's one of several such projects in the region. Meanwhile, Donald Trump Jr. was leapfrogging among Hungary, Romania, Serbia and Bulgaria, prospecting with paid speeches about the 'Trump Business Vision 2025' and visiting foreign officials and politicians. The family formed its cryptocurrency venture, World Liberty Financial, just before the election and it's already a global force, with foreigners galore investing in it in bids for the president's favor. As the company's 'Chief Crypto Advocate,' Trump regularly urges people to buy up its digital tokens; next week, he'll dine at one of his golf courses with the 220 top buyers of his $Trump memecoin. Meanwhile, as president, he's using his official powers to spur the industry. He's has signed executive orders promoting crypto, appointed a crypto-friendly chairman of the Securities and Exchange Commission and shuttered the government's crypto crimes task force. No less than the Wall Street Journal editorial board fretted back in January that Trump, by blurring crypto profiteering and the presidency, was 'inviting trouble with what looks like remarkably poor judgment.' Absolutely. And that trouble — legal, political and ethical — could be a heck of a lot worse than the furor over a $400-million jet fit for a king. @jackiekcalmes
The Star
08-05-2025
- Business
- The Star
FBM KLCI drifts slighly lower in anticipation of OPR decision
KUALA LUMPUR: The blue-chip FBM KLCI idled below the 1,550 resistance as it awaited the central bank's policy decision later in the day. The benchmark index dropped 2.97 points to 1,546.93 as investors sat by the sidelines even as regional markets climbed as Trump suggested he had struck his first trade deal amid the ongoing tariffs war. There were an equal number of advancing issues to declining - with 413 stocks on each side of the ledger- as the market kept to a holding position. Volume was 2.18 billion shares changing hands for RM1.33bil. Blue chips that were dragging on the main index included Nestle down 38 sen to RM87.06, Kuala Lumpur Kepong down 32 sen to RM19.60 and PPB dropping 16 sen to RM12.10. Asian markets rose on Thursday, alongside US futures, in anticipation of details over Trumps' trade deal, which the New York Times claims was made with Britain. Japan's Nikei rose 0.35% to 36,909 while China's composite index added 0.38% to 3,355. Hong Kong's Hang Seng climbed 1.1% to 22,941. Singapore's Straits Times rose 0.2% to 3,873.
