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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 24, 2026 / Tyler Durden
Trump Losing Patience, In 'Revenge Mode' After 13th Consecutive Night Of US Strikes On Iran
Trump Losing Patience, In 'Revenge Mode' After 13th Consecutive Night Of US Strikes On Iran
The latest little peace overture by Washington widely reported Thursday night was apparently a big nothingburger, as on Friday the Iraqi prime minister’s office has denied a New York Times report claiming that Iran rejected a US ceasefire proposal delivered to Tehran by Iraqi Prime Minister Ali al-Zaidi.
The fresh statement from the prime minister's office said what was published in the Times was "entirely unfounded" and had "no relation to reality." The statement underscored the temporary nature...
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Sep 10, 2026 / Tyler Durden
Sinopec Sees China Oil Demand Falling 8.9% in 2026
Sinopec Sees China Oil Demand Falling 8.9% in 2026
By Charles Kennedy of OilPrice.com
China’s Sinopec, the world’s top refiner by capacity, expects Chinese oil demand to drop by 8.9% in 2026 from a year earlier amid demand destruction from higher oil prices and the acceleration of electric vehicle adoption.
Oil demand in the world’s biggest crude oil importer is expected to drop by 600,000 barrels per day (bpd) on average this year compared to last year, according to estimates by Sinopec’s research arm quoted by Reuters.
Gasoline demand is set for an...
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Jul 14, 2026 / Tyler Durden
Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates
Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates
Warren Buffett excluded the Gates Foundation from his annual charitable stock gifts for the first time in two decades, as scrutiny over Bill Gates' connections with convicted sex offender Jeffrey Epstein continues to cast a dark shadow over Gates and the foundation.
CNBC reports that the 95-year-old chairman will donate 9 million Class B shares to the Susan Thompson Buffett Foundation, and 1 million shares each to the Sherwood Foundation, the Howard G. Buffett...
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