US Aims to Revive Civil War-Era Court to Claim Iran Oil as Prize
The Justice Department is preparing to activate a long-dormant maritime war court to streamline military capture of Iranian oil tankers as US prizes, according to three people familiar with the plans. Reviving prize courts, which is expected to face legal challenges,...
Brixxer – Disrupting $26 Trillion U.S. Real Estate Industry
Brix Financial Technologies Holding Corporation (“Brixxer”) has emerged and is disrupting the $26 Trillion US real estate industry. Brixxer’s disruptive digital application or model will result in the extinction of many of the industry’s providers. Brixxer will also...
Up to 50% of Planned US Data Centers Are at Risk of Delays, Kimmeridge Says
As many as half of the proposed data centers in the US are at risk of delays or cancellations because of growing political backlash and the complexities of building physical assets, according to investment firm Kimmeridge Energy Management Co. “The sort of Silicon...
Guggenheim Investments Says Affiliates May Buy Its Hard-Hit Loan
Guggenheim Investments, the asset-management arm of Mark Walter’s Guggenheim Partners, is telling lenders that affiliates may look to buy portions of a loan issued by its financing entity after the debt’s value collapsed in recent weeks. The $1.18 billion loan...
Guggenheim affiliates may buy distressed $1.18 billion loan
Affiliates of Guggenheim Investments may buy portions of a $1.18 billion loan issued by its financing entity after the debt’s value fell sharply, Bloomberg reported. The GIH Borrower loan, due in 2031, dropped as low as 73 cents on the dollar this week, a level...
Guggenheim’s Affiliates Eye Its Beaten-Down $1.18B Loan
Guggenheim Investments told lenders that its affiliates may buy parts of a $1.18 billion loan issued by GIH Borrower LLC, which matures in 2031. The loan's price fell to 73 cents on the dollar this week, a level that is often seen as a sign of financial stress. In an...
Robinhood CEO Says US Household Stock Ownership Could Rise to 95% as AI Bots Render DIY-Trading Obsolete
Tenev believes Robinhood has considerably helped ramp up US household stock ownership in recent years Robinhood CEO Vlad Tenev sees a future in which almost every American household could own stocks as AI agents increasingly take over investing through automated...
Guggenheim Loan Drops to New 73-Cent Low With Firm in Spotlight
A loan from Guggenheim Investments’ financing entity slid to a new low on Monday, even after the firm convened a call last week with lenders to assuage concerns about its second-quarter earnings. A $1.18 billion loan issued by GIH Borrower LLC due in 2031 was last...
NHL sports ETF proposal hides major trap
Shares tied to individual sports franchises could soon be available through regular brokerage accounts, potentially as a "Maple Leafs ETF" or "Bruins ETF." But owning those shares would not mean owning part of the team or receiving a share of ticket sales, media...
Trump’s New Midterm Pitch to Voters: Pretend I’m on Ballot
President Donald Trump tried out a new campaign message on Friday, telling voters in South Carolina to “pretend” he was on the ballot and turn out to back his hand-picked candidate, Senator Darline Graham, in a contentious Republican primary. “They say that Trump does...
Wall Street Turns Sour on Once-Buzzy Space Stock After 73% Rout
Wall Street analysts are rushing to slash their price targets on spacecraft and satellites manufacturer York Space Systems Inc., saying the company’s path forward looks uncertain amid supply chain troubles and a slower pace of government contracts. At least six...
RBI’s hawkish minutes rattle bond market investors, put rate hikes in play
India’s central bank wrong-footed investors by opening the door to interest-rate increases, in a striking shift that sent bond yields higher and raised fresh questions about how it communicates with the market. Minutes of the Reserve Bank’s August meeting released on...
Alibaba Profit Dives 75% After AI Spending Hits $10 Billion
Alibaba Group Holding Ltd.’s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena. The online retail giant-turned-AI...
Vanderbilt Heir Builds a Family Office With Goal to Get 800 Relatives Investing
Consuelo Vanderbilt Costin is one century and six generations removed from the man who built one of America’s most storied fortunes and seeded a small part of her own. Still, she’s building a family office she hopes will serve as a financial nexus for the 800-plus...