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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 16, 2026 / Jason Ditz
Two Killed as Israel Follows Up Rome Talks With Escalated Lebanon Strikes
The Israel-Lebanon talks in Rome wrapped up Wednesday with claims of substantial progress made, and as has often been the case after such talks, it gave way to a Thursday in which Israel substantially escalated their strikes. Airstrikes centered around Nabatieh al-Fawqa, particularly the al-Deir neighborhood. At least two people were confirmed killed in the […]
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May 15, 2026 / Tyler Durden
"Send Us A Tip": U.S. Dangles $15 Million Reward For New Intel On Iran's Drone Network
"Send Us A Tip": U.S. Dangles $15 Million Reward For New Intel On Iran's Drone Network
There is little doubt that Iran's Shahed drone threat has become a major concern, menacing surrounding Gulf states, commercial tanker traffic in the Strait of Hormuz, and U.S. bases across the region. This backdrop helps explain why the State Department's Rewards for Justice program has now put up to $15 million for new information in connection with an already sanctioned Iranian drone-production network linked to the IRGC-Qods Force.
Rewards for Justice has named Kimia Part Sivan...
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Jun 15, 2026 / Tyler Durden
Monsters Far And Near
Monsters Far And Near
Authored by James Howard Kunstler,
“We used to say that we don’t know what 2050 will look like. Now it’s more like we don’t know what 2030 will look like.”
- Jesus Enrique Rosas
You must be thinking that reality is pushing its luck with the president bringing this Iran business - a war, actually, let’s face it - to a favorable conclusion around dinner time Sunday evening (yawn) and then Mr. DJT sliding directly into his seat on the White House lawn to enjoy the special 80th...
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