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SoftBank Attempt To Get Downsized $6 Billion OpenAi Margin Loan Stalls
SoftBank Attempt To Get Downsized $6 Billion OpenAi Margin Loan Stalls
One month ago, Japanese tech giant SoftBank Group, was forced to downsize plans for a $10 billion margin loan backed by its OpenAI stake after facing hesitation from some creditors. Today, it couldn't even get that done after talks with potential creditors to raise the downsized $6 billion stalled amid rising concerns about the collateral value, Bloomberg reported citing people familiar with the matter.
As a result, the company is now considering various different fundraising options, although it could still move forward...
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Mar 16, 2026 / Dave DeCamp
US Has Lost About a Dozen MQ-9 Reaper Drones in Iran War
The US military has lost about a dozen MQ-9 Reaper drones since the US and Israel launched the war against Iran on February 28, The Wall Street Journal reported on Monday. The report said the MQ-9s had been lost both on the ground and in the air as Iranian missile and drone attacks have hit […]
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Mar 1, 2026 / Tyler Durden
Joe Biden Makes Insane Claim That He Reduced Illegal Immigration
Joe Biden Makes Insane Claim That He Reduced Illegal Immigration
It's time for a fact check. Former President Joe Biden is back after a year largely absent from the public eye, and he's just as incoherent as ever. Biden left the White House in disgrace after a dismal first term when his own party supplanted him as the primary candidate for the 2024 elections against Donald Trump.
His cognitive decline became obvious after his debate performance and questions remain if he was actually aware of the majority of his own executive...
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Apr 30, 2026 / Tyler Durden
Japan Intervened In FX Market To Buy Yen
Japan Intervened In FX Market To Buy Yen
With Brent surging to a new post war high overnight, rising as high as $125 on fear of an imminent resumption of hostilities in Iran, which dragged yields higher, and also pushed the USDJPY above 160 for the first time since late March, overnight Japan made clear - again - it wouldn't take it any more, with the usual round of jawboning.
*KATAYAMA: WE ARE MONITORING FX MARKET WHILE YOU ARE ON HOLIDAY
*KATAYAMA: WE ARE NEARING TIMING TO TAKE BOLD ACTION ON FX
Then
*MIMURA:...
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