Israeli Air Force Technicians Charged With Spying For Iran Amid 'Espionage Epidemic'

OpenAI Valuation Doubts Loom As Softbank Scales Back Margin Loan SoftBank Group's abrupt scaling back of a planned $10 billion margin loan backed by its roughly 13% stake in OpenAI - now targeting as little as $6 billion - reveals deepening lender unease over the AI giant’s $852 billion post-money valuation set in March 2026. The move follows earlier $40 billion bridge financing and comes amid reports that OpenAI missed internal revenue and weekly-active-user targets earlier this year. While the loan itself is SoftBank’s problem, the episode carries real risks for OpenAI. The...

Just Days After Record IPO, SpaceX To Sell $20 Billion In Bonds Earlier this week, we showed the unprecedented pace of hyperscaler Investment Grade debt accumulation, which according to Morgan Stanley calculations had doubled in just two quarters, rising from 0.9x leverage in Q3 '25 to 1.8x currently, a pace that has already surpassed the entire energy sector's gross leverage of 1.6%.  Source We predicted that this staggering growth rate would continue increasing at a pace of over 0.3x per quarter, and moments ago we got another confirmation of the insatiable demand...

US, China Militaries Hold 'Candid' Deconfliction Talks In Hawaii As Trump Goes Quiet On Taiwan American and Chinese military officers have sat down for rare deconfliction talks in Hawaii, soon on the heels of the Trump-Xi summit in Beijing last month. According to a late Monday statement from the Chinese Navy, the two superpowers held what they described as "candid and constructive" exchanges during a two-day closed-door meeting. It happened last week in Honolulu, reports have newly revealed. The sides came away agreeing that improved communication could successfully reduce tactical miscalculations and...