Kylian Mbappé, the 19-year-old who demanded $60 million and a private jet, admits the money in sport is 'indecent' but that's just how 'the world of football works'
- Mbappé, a 2018 FIFA World Cup winner with the France national team, has taken his hot form from the summer into the domestic season in Ligue 1 with Paris Saint-Germain.
- This is a huge sum but it was recently revealed by Der Spiegel and Football Leaks that the club did actually deny Mbappé certain demands.
- The newspaper says Mbappé wanted a contract worth $60 million, which PSG was willing to give, but rejected his request for the use of a private jet at the club's expense.
- Though Mbappé is paid a huge sum of money to play sport, he remains charitable.
- Mbappé is currently on international duty with the France team and is in line to feature in the country's upcoming matches against the Netherlands on Friday and Uruguay on November 20.
Amazon will get up to $2.2 billion in incentives for bringing new offices and jobs to New York City, Northern Virginia and Nashville
- Amazon is receiving up to $2.2 billion in performance-based incentives from New York City, Northern Virginia and Nashville, according to a release from the company.
- Amazon says it's investing $5 billion and will create more than 50,000 new high-paying jobs in two new main offices in Long Island City, a neighborhood in Queens, New York; and National Landing, a neighborhood in Arlington, Virginia.
- Amazon will receive more than $1.5 billion in performance-based incentives over the next ten years for its investment in Long Island City, the company said in a blog post announcing the news.
- It also includes a cash grant up to $15 million from the city of Nashville based on $500 for each new job Amazon creates over the next seven years.
Why Comparing Bitcoin with Centralized Systems Based on TPS is Wrong
- On the Bitcoin network, whether it is a transaction worth $100 or $1 million, it costs the same miner’s fee to process the payment.
- The research of Nic Carter, a Partner at Castle Island Ventures and the co-founder of Coinmetrics.io, found that comparing Bitcoin to other cryptocurrencies and centralized systems like PayPal based on transactions per second (TPS) is inaccurate.
- As shown by the chart below created by Carter, centralized systems like credit card network operators and Bitcoin target a different market.
- Multi-million dollar payments are quite frequently moved on the Bitcoin blockchain network, and on some occasions, as seen in the $194 million BTC payment processed last month, large net-worth investors settle substantially large payments that are rarely settled using credit cards.
- But, Bitcoin can process significantly large payments on the network with relative ease, which centralized systems simply cannot do due to compliance and regulatory requirements.
Top technician says Dow stock Walmart could break out to new highs on earnings this week
- Walmart is reporting earnings this week, and one top technical analyst says the stock could soar on the results.
- After falling to its lowest level in over a year in June, Walmart has posted a major comeback.
- Walmart has been a top performer in the Dow amid recent volatility.
- The stock is up 16 percent during the last three months while the Dow is up just 1 percent.
- Furthermore, Worth noted that Walmart shares skyrocketed after the company's last earnings report.
- Despite selling off this year, shares of Walmart are up nearly 47 percent since 2017, outperforming the Dow's 36 percent gain and the S&P 500's 27 percent gain in the same period.
- According to Worth's the stock's chart shows a "massive head and shoulders bottom" suggesting it could poised to break to the upside.
How software is helping the Internet of Things evolve
- This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service.
- To learn more about Business Insider Intelligence, click here.
- The Internet of Things (IoT) is growing rapidly as companies around the world connect thousands of devices every day.
- But behind those devices, there's a sector worth hundreds of billions of dollars supporting the IoT.
- Platforms are the glue that holds the IoT together, allowing users to take full advantage of the disruptive potential of connected devices.
- These platforms allow the IoT to achieve its transformational potential, letting businesses manage devices, analyze data, and automate the workflow.
- In a new report, Business Insider Intelligence examines the evolving IoT platform ecosystem.
- We size the market and identify the primary growth drivers that will power the IoT platform space in the next five years.
Best Buy’s Black Friday sales, and discounts exclusive to Verge readers are this week’s best deals
- Almost every major retailer has announced its deals, including Best Buy, Amazon, Target, Walmart, and Costco.
- Of course, each store wants you to brave the madness on Black Friday to snag the doorbuster offers, but, by and large, you’ll be able to shop most of these deals right from your computer or phone at home.
- There are some pretty great Black Friday deals already available.
- The best ones that we’ve seen so far are below, along with some other deals that are happening right now that we think you should know about.
- Pixel 3 promotions have dried up a bit since the phone launched in mid-October, though Best Buy’s is certainly worth jumping on if you were planning to buy it now or during the holiday season.
- As we move closer to Black Friday and Cyber Monday, keep it locked to The Verge.
White House trade advisor Navarro says China trade deal will be on Trump's terms, not Wall Street's
- White House trade advisor Peter Navarro said Friday that any new trade agreement between the United States and China will be on President Donald Trump's terms, not Wall Street's.
- Navarro, known for his hawkish economic views toward China, has encouraged President Trump's tough talk with Beijing throughout an escalating trade war between the two countries.
- Navarro's comments come ahead of a widely-anticipated meeting between Trump and President Xi Jinping of China, an encounter economic advisors to both nations hope could provide an opportunity to calm the trade tensions.
- The White House slapped tariffs of 10 percent on $200 billion of Chinese products in September, with the duty set to increase to 25 percent in 2019 notwithstanding a trade agreement.
- Gary Cohn, the former top national economic adviser, argued against imposing tariffs on China.