Latest news with #US150
AU Financial Review
5 days ago
- Business
- AU Financial Review
Canadian billionaire latest saviour of fallen Aussie tech pioneer
It's the 43-year-old tech stalwart that just won't die. NetComm Wireless, the company behind Australia's first dial-up modem, has been saved again, this time by a Canadian billionaire who's plucked it out of its second stint in administration in five years. NetComm was headed for the scrapheap after its Nasdaq-listed owner, DZS, filed for bankruptcy in March, less than a year after buying it. The Texas-based DZS bought it for $US7 million from another defunct technology business, Casa Systems – which also went bankrupt – at a $US150 million discount.
The Age
22-05-2025
- Politics
- The Age
Trump often snaps at journalists. But his latest meltdown was different
Washington: There is nothing unusual about Donald Trump snapping at a journalist. On Tuesday, Washington time, on Capitol Hill, he demanded to know which outlet a reporter worked for, and after being told, replied: 'I don't even know what the hell that is. Get yourself a real job.' But Wednesday's Oval Office meltdown at NBC's White House correspondent Peter Alexander stood out, not only for its personal meanness but the obsessiveness with which Trump kept returning to the subject and beating up on Alexander long after the conversation had moved on. Alexander's crime was to ignore a video Trump had just played to South African President Cyril Ramaphosa, alleging genocide against white South African farmers. Instead, he launched into a question about the US government accepting from Qatar the gift of a luxury Boeing 747-8 valued at $US150 million ($232 million) to $US180 million in its current state, to be used as Air Force One. 'What does this have to do with a Qatari jet?' Trump asked. 'It's NBC trying to get off the subject of what you just saw. You are a real – you know, you're a terrible reporter.' The president then told Alexander he was 'not smart enough' to be a reporter and should go back to NBC's studios. Brian Roberts, the chief executive of parent company Comcast, and other executives 'ought to be investigated', he said. 'You're a disgrace. No more questions from you,' Trump went on, pointing his finger. Others tried to ask more questions, but Trump wasn't finished. 'His name is Peter something, he's a terrible reporter,' he said, and told Alexander to be 'quiet'. Alexander never got to finish the question about the Qatari plane. For all we know, he might have wanted to ask how Trump had managed to win such a great deal for the US government. But the president's instinct told him the question would be probing.
Sydney Morning Herald
22-05-2025
- Politics
- Sydney Morning Herald
‘No more questions': Trump's meltdown betrays sensitivity on Qatar's ‘Air Force One' gift
There is nothing unusual about Donald Trump snapping at a journalist. Yesterday on Capitol Hill, he demanded to know which outlet a reporter worked for, and after being told, replied: 'I don't even know what the hell that is. Get yourself a real job.' But today's Oval Office meltdown at NBC's White House correspondent Peter Alexander stood out, not only for its personal meanness but the obsessiveness with which Trump kept returning to the subject and beating up on Alexander long after the conversation had moved on. Alexander's crime was to ignore a video Trump had just played to South African President Cyril Ramaphosa, alleging genocide against white South African farmers. Instead, he launched into a question about the US government accepting the gift of a luxury Boeing 747-8 valued at $US150 – 180 million from Qatar, to be used as Air Force One. 'What does this have to do with a Qatari jet?' Trump asked. 'It's NBC trying to get off the subject of what you just saw. You are a real - you know, you're a terrible reporter.' The president then told Alexander he was 'not smart enough' to be a reporter and should go back to NBC's studios. Brian Roberts - the chief executive of parent company Comcast – and other executives 'ought to be investigated', he said. 'You're a disgrace. No more questions from you,' Trump went on, pointing his finger. Others tried to ask more questions, but Trump wasn't finished. 'His name is Peter something, he's a terrible reporter,' he said, and told Alexander to be 'quiet'. Alexander never actually got to finish the question about the Qatari plane. For all we know, he might have wanted to ask how Trump had managed to win such a great deal for the US government. But the president's instinct told him the question would be probing.
The Age
22-05-2025
- Politics
- The Age
‘No more questions': Trump's meltdown betrays sensitivity on Qatar's ‘Air Force One' gift
There is nothing unusual about Donald Trump snapping at a journalist. Yesterday on Capitol Hill, he demanded to know which outlet a reporter worked for, and after being told, replied: 'I don't even know what the hell that is. Get yourself a real job.' But today's Oval Office meltdown at NBC's White House correspondent Peter Alexander stood out, not only for its personal meanness but the obsessiveness with which Trump kept returning to the subject and beating up on Alexander long after the conversation had moved on. Alexander's crime was to ignore a video Trump had just played to South African President Cyril Ramaphosa, alleging genocide against white South African farmers. Instead, he launched into a question about the US government accepting the gift of a luxury Boeing 747-8 valued at $US150 – 180 million from Qatar, to be used as Air Force One. 'What does this have to do with a Qatari jet?' Trump asked. 'It's NBC trying to get off the subject of what you just saw. You are a real - you know, you're a terrible reporter.' The president then told Alexander he was 'not smart enough' to be a reporter and should go back to NBC's studios. Brian Roberts - the chief executive of parent company Comcast – and other executives 'ought to be investigated', he said. 'You're a disgrace. No more questions from you,' Trump went on, pointing his finger. Others tried to ask more questions, but Trump wasn't finished. 'His name is Peter something, he's a terrible reporter,' he said, and told Alexander to be 'quiet'. Alexander never actually got to finish the question about the Qatari plane. For all we know, he might have wanted to ask how Trump had managed to win such a great deal for the US government. But the president's instinct told him the question would be probing.
The Age
20-05-2025
- Business
- The Age
Trump has sent bitcoin soaring. Is it the right time to invest?
The dinner raises the prospect of a revival of campaign-era promises, including looser regulatory oversight and broader support for digital assets. With many attendees likely to be prominent crypto advocates, there is a credible possibility that Trump could use the platform to signal a renewed pro-crypto stance. Should that materialise, it could provide a stronger foundation for bitcoin's current rally. Another notable undercurrent supporting bitcoin's price action is the accelerating de-dollarisation trend. In April, bitcoin appeared to benefit from capital rotation associated with 'sell-America' positioning and growing scepticism around US monetary dominance. While still in early stages, this narrative is gaining traction among investors seeking neutral assets in an increasingly fragmented global system. Bitcoin's finite supply, global accessibility, and resistance to centralised control make it uniquely suited to ride this wave of monetary realignment. These bullish catalysts are being reflected in capital flows. Global bitcoin ETFs saw $US2.9 billion in new flows in April, a stark reversal from February and March when more than $US5 billion in total was pulled from the space. Australian bitcoin ETFs have also attracted $148 million in inflows so far this year – more than double the $68 million recorded over the same period last year. But unlike the US, Australian investors have been consistent net buyers of bitcoin ETFs throughout 2025. In April, local bitcoin ETFs saw $20.5 million in new flows, up sharply from $6.9 million in March 2025. Loading So, should investors be rushing to buy bitcoin? Is it truly 'headed for the moon', as crypto enthusiasts often claim? Well, as always with crypto, there are still meaningful risks to consider. Regulatory inconsistency remains a major challenge, with policy frameworks fragmented across jurisdictions and subject to sudden change. Political reversals are also a persistent risk, particularly as digital assets re-enter the spotlight. On the market side, bitcoin's correlation with risk assets – especially technology and growth stocks – means it remains sensitive to shifts in investor sentiment. In a low-growth, high-volatility environment, or if central banks turn more hawkish in response to tariff-driven inflation, bitcoin could come under renewed pressure. But that being said, given the strength of the above catalysts, we do think the potential for bitcoin to achieve a higher price has become more evident. In terms of price targets, we believe bitcoin could reach somewhere between $US150,000 to $US200,000 by the year's end – assuming all key catalysts align, i.e. positive political engagement, institutional rotation, and a favourable macroeconomic environment. Ultimately, while investing in cryptocurrencies will always carry a degree of intrinsic risk, we believe bitcoin presents a diversification opportunity – particularly for Australian investors not yet exposed to the asset class. And for those unfamiliar with the complexities of crypto exchanges and decentralised finance, bitcoin ETFs offer a straightforward, regulated entry point, removing the technical barriers associated with managing digital wallets and private keys. Investors can also access bitcoin exposure through the same online brokerage platforms they use for equities and traditional ETFs, making it easy to integrate digital assets into an existing portfolio.
