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Finance

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LA officials push for a no-surprise funding guarantee for the 2028 Games
politics1 day ago

LA officials push for a no-surprise funding guarantee for the 2028 Games

Los Angeles city officials are pushing LA28 to sign a binding contract that guarantees the organization will cover any excess city costs—policing, transportation, sanitation and more—for the 2028 Games, to prevent taxpayers from shouldering overruns amid revenue uncertainty and potential reliance on federal funding; the deal is six months overdue and has been complicated by security and leadership concerns, including scrutiny of LA28 chair Casey Wasserman’s ties to Jeffrey Epstein.

Circle rebounds as markets swing after historic one-day drop
finance16 days ago

Circle rebounds as markets swing after historic one-day drop

Circle stock rebounds after its biggest-ever single-day drop, as a broad market swing drives wide moves across equities and crypto: AMD +7.59%, INTC +7.45%, ARM +17.86%, JD +8.04%, CHWY +13.43% while ONON falls -11.75% and DPRO drops -22.12%; Bitcoin-USD +2.02% and Ethereum-USD +2.27%, illustrating a volatile trading day with numerous double-digit moves across tickers.

Shadow lending tremors risk spilling into Main Street
business17 days ago

Shadow lending tremors risk spilling into Main Street

Investors are pulling money from private credit funds that lend directly to businesses amid fears that the sector’s opacity and macro risks could trigger broader financial disruption; while no major defaults have occurred, analysts warn that if tremors grow, banks exposed to private credit could tighten lending, potentially impacting everyday borrowers and pension funds—closer to a warning shot than a full-blown crisis.

From Arkon to AI datacenters: the high-stakes credit history of Nscale
business18 days ago

From Arkon to AI datacenters: the high-stakes credit history of Nscale

The Alphaville piece traces Nscale’s arc from its origins in Arkon Energy to its current push into AI data centers, highlighting a turbulent financing history: Arkon posted 2024 losses driven by high staff costs and a large fair-value liability from warrants, defaulted on two Sandton-led loans (which were later repaid with Series A/B funding), and relied on Sandton’s ongoing support as Nvidia-backed capital helps scale its UK/Europe/US data-centre ambitions—shedding light on the company’s pedigree and risk.

Illinois Online Lottery Win Lands $536M Mega Millions Jackpot for 'Lucky Lady'
finance20 days ago

Illinois Online Lottery Win Lands $536M Mega Millions Jackpot for 'Lucky Lady'

An Illinois woman using the iLottery platform won the first Mega Millions jackpot of 2026, a $536 million prize—the second-largest online lottery win ever. She’ll take home about $245.6 million after taxes and says she accidental-typed the win; she even had her daughter call a claim center to verify. With the money, she plans to buy a new family home with a pool and perhaps treat the family to a cruise or a Vegas trip.

Amazon says USPS talks collapsed, signaling a shift in its delivery strategy
business23 days ago

Amazon says USPS talks collapsed, signaling a shift in its delivery strategy

Amazon said USPS exited renewed shipping talks at the last minute, as it pursues a larger role for its own delivery network and plans to reduce USPS reliance when the current contract expires later this year. USPS faces a cash crunch and a borrowing limit, prompting concerns about its finances; Amazon remains open to discussions but time is short for a deal.

Bitmine Expands Ethereum Treasury to 4.6 Million ETH, Reaches $11.5B in Holdings
finance25 days ago

Bitmine Expands Ethereum Treasury to 4.6 Million ETH, Reaches $11.5B in Holdings

Bitmine Immersion Technologies disclosed its ETH holdings have swollen to about 4.596 million ETH (roughly 3.81% of total supply), with 3,040,515 ETH staked worth around $6.6 billion at $2,185 per ETH, as part of total crypto and cash holdings of $11.5 billion as of March 15, 2026. The portfolio also includes 196 BTC, a $200 million Beast Industries stake, and an $83 million ORBS stake, plus increased ORBS exposure via OpenAI. Bitmine is targeting a 2026 MAVAN staking network launch and positions itself as a leading ETH treasury with high liquidity in BMNR shares.

SEC weighs biannual earnings reporting option
finance25 days ago

SEC weighs biannual earnings reporting option

The U.S. SEC is preparing a proposal to make quarterly earnings reporting optional and give companies the option to share results twice a year, effectively moving to a biannual reporting cycle. The proposal could be published next month, with a public comment period (typically at least 30 days) before a vote. Regulators say the change would make quarterly reporting optional rather than eliminating it entirely, a move that aligns with ongoing political pressure while raising questions about transparency and market volatility.

Dandan Secret Lair Decklist Revealed, New Swaps and Value Spotlight
finance25 days ago

Dandan Secret Lair Decklist Revealed, New Swaps and Value Spotlight

Wizards of the Coast has revealed the full 80-card Dândân Secret Lair deck for the Chaos Vault drop, scheduled to release March 16 at 9 a.m. PT. The list preserves the fan-favorite Dândân mechanic and includes staples like Accumulated Knowledge, Memory Lapse, Brainstorm, Chart a Course, Day’s Undoing, Capture of Jingzhou, and Control Magic, while swapping Supplant Form for Control Magic and replacing Diminishing Returns with Day’s Undoing to boost late-game power. The deck adds utility lands such as Haunted Fengraf and a heavy emphasis on lands (20 Islands, plus other fetchable mana sources), with Vision Charm omitted. Priced at $99.99, the set carries an estimated reprint value near $110 and features 46 borderless foil inclusions, including 20 foil Islands, boosting potential collectability. Aimed at the Chaos Vault launch, the piece notes the format’s depth and the likely quick sell-out for collectors and players eager for Dândân gameplay.

Private Credit Selloff Fuels Bank Contagion Fears as Loan Markdowns Spread
finance26 days ago

Private Credit Selloff Fuels Bank Contagion Fears as Loan Markdowns Spread

Private credit faces rising redemption pressure and loan markdowns, which could shrink bank leverage and tighten funding, risking a negative feedback loop as redemptions drive asset sales and valuations stay stressed. Public BDCs trading below NAV signal investor distrust of private-loan values, especially for software-related exposure. A meaningful re-rating would likely require a geopolitical catalyst like the Strait of Hormuz reopening, which isn’t expected soon. The author notes their short stance on the sector amid ongoing stress and liquidity risk.

Oil Rally Triggers Repricing of Fed Rate Path Across Markets
finance26 days ago

Oil Rally Triggers Repricing of Fed Rate Path Across Markets

A surge in oil prices is lifting inflation expectations and pushing markets to rethink the Fed’s rate-cut outlook. Futures now price in at most one rate cut in 2026 (with alignment to the Fed’s prior projections) and expect fewer cuts in 2027 as breakeven inflation rises and SOFR spreads tighten. If oil stays elevated, the narrative could shift from cutting rates to potential hikes to contain inflation.