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Federal Prosecutors Probe Guggenheim, Billionaire Dem Donor Walter's Insurers
Federal Prosecutors Probe Guggenheim, Billionaire Dem Donor Walter's Insurers
Federal investigators are taking a closer look at billionaire Mark Walter's financial empire, with criminal and regulatory inquiries now spanning Guggenheim Partners and two life insurance companies under his control, according to Bloomberg.
The investigation, which began last year, initially focused on Guggenheim's $362 billion asset management business before expanding to Delaware Life Insurance Co. and Clear Spring Life and Annuity Co., according to people familiar with the matter.
Bloomberg writes that both insurers revealed in recent regulatory filings that they were served...
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Apr 1, 2026 / Tyler Durden
China Tests World's Heaviest 7-Ton Cargo Drone With 1,850-Mile Range For Recon Ops
China Tests World's Heaviest 7-Ton Cargo Drone With 1,850-Mile Range For Recon Ops
Authored by Aamir Khollam via Interesting Engineering,
China has pushed further into heavy unmanned aviation with the first flight of the Changying-8 (CY-8), which it claims is the world’s heaviest cargo drone.
China's Changying-8 (CY-8) cargo drone.
The aircraft combines high payload capacity with short-runway performance, targeting logistics operations across remote, high-altitude, and island regions.
The newly tested Changying-8 (CY-8) blends high payload capacity with short runway performance, signaling a push toward flexible, all-terrain aerial supply systems.
The aircraft completed its first...
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May 31, 2026 / Tyler Durden
Parabolic Semiconductor Rally: What Breaks The Trade?
Parabolic Semiconductor Rally: What Breaks The Trade?
Authored by Lance Roberts via RealInvestmentAdvice.com,
AI Validation Fuels A Ninth Weekly Advance
The headline tape made fresh history. The S&P 500 closed Friday at 7,580.06, finishing up 1.43% on the week and posting its ninth consecutive weekly gain. That’s the longest weekly winning streak since 2024, and only the 5th time since 1965 that has occurred. While markets previously saw weakness following such streaks, the 24- and 52-week outcomes were primarily positive, except in 1989.
However, the Russell 2000 actually fell 0.59% to 2,919, a reminder...
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Jul 12, 2026 / Tyler Durden
McConnell Watch: CNN Duped Into Running Fake X Post Mocking Its Own Analyst
McConnell Watch: CNN Duped Into Running Fake X Post Mocking Its Own Analyst
Authored by Ben Sellers via Headline USA,
OOPS: CNN This Morning cites parody account of fake congressman @RepJackKimble on list of quotes about Sen. Mitch McConnell's health. pic.twitter.com/GBXJ37bkoe
— Nick (@nspin310) July 8, 2026
Since last year's corporate takeover of CNN's parent company, Warner Brothers, by Paramount Skydance and its Trump-friendly CEO, David Ellison, the notoriously left-slanted network has been braced for the inevitable fallout.
A humiliating on-air mistake that involved quoting a fake member of Congress may be just the...
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