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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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Jul 6, 2026 / Tyler Durden
Truck Driver Accused Of Using Fake Documents To Steal $2.9 Million Cargo
Truck Driver Accused Of Using Fake Documents To Steal $2.9 Million Cargo
By Phil Bring of FreightWaves
Police in Greenfield, Indiana, arrested a California truck driver after officers recovered nearly $2.9 million worth of tungsten oxide powder that police said thieves stole during a cargo theft in Pennsylvania.
According to a June 28 news release from the Greenfield Police Department, officers received an alert around 6 a.m. Saturday regarding a wanted semi tractor-trailer traveling eastbound on Interstate 70 into Hancock County. Police said the truck was connected to a cargo theft that...
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Mar 6, 2026 / Tyler Durden
Cement, Drugs, And Oil - How The Iran Conflict Could Disrupt Global Supply Chains
Cement, Drugs, And Oil - How The Iran Conflict Could Disrupt Global Supply Chains
Authored by Andrew Moran via The Epoch Times (emphasis ours),
The conflict in Iran could have consequences for international trade that extend beyond oil and gas.
It has been less than a week since the start of the U.S.–Israeli operations in Iran, and oil tanker traffic in the Strait of Hormuz—a key global chokepoint for energy shipments—has come to a screeching halt. Approximately 200 oil tankers have been stranded in the Gulf, according to data from Lloyd’s List...
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Apr 27, 2026 / Kyle Anzalone
Iran Offers to Open Strait of Hormuz If US Lifts Blockade, Ends War
Iran sent a proposal to the US that would bring the war to an end and allow ships to transit the Strait of Hormuz. Iranian officials sent the new proposal to the US via Pakistan. Tehran’s deal includes the reopening of the Strait of Hormuz in exchange for Washington ending its blockade and war against […]
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