Bank accounts held by President Donald Trump were closed by Capital One in 2021
-- after it flagged financial activity that had characteristics of money laundering, the bank disclosed in a court filing over the weekend.
The court filing is tied to a lawsuit filed against Capital One by one of Trump’s financial holding companies shortly after he was sworn into office a second time.
Trump alleges that Capital One illegally closed his accounts for political reasons, following …
Sources: Meta is exploring a stock offering to raise tens of billions of dollars to fund AI capital expenditures, following Google's record $85B share deal (Financial Times)
https://www.ft.com/content/e6df645d-1709-4a77-b15d-aa43a0209efd
#CapitalOne Cites Money Laundering Review in #Trump-Related Suit https://finance.yah…
SpaceX reported Q2 2026 results with revenue of $7.8 billion versus $6.81 billion expected,
but the stock fell after the report.
It also posted adjusted EBITDA (earnings before interest, taxes, depreciation and amortization)
of $3.5 billion,
while heavy AI infrastructure spending drove a large AI operating loss and high capital expenditures
Following the earnings report, SpaceX's stock declined due to concerns over high capital expenditures and AI spending.…
Lebanese start fleeing south Beirut after Israel says it will target the area. The Israeli government says it has given the army orders to attack the southern suburbs of the capital.
https://aje.news/rc6x6q
Donald Trump’s legal team has rejected a request by the BBC to hand over financial information as part of his $10bn defamation case against the broadcaster.
The US president’s lawyers accused the BBC of a “fishing expedition”, according to court filings, after the broadcaster’s representatives asked for details to get evidence on Trump’s claims he suffered reputational and financial damage because of a Panorama documentary centred on the US Capitol riots.
Trump’s lawyers have pre…
UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed (Cate Lawrence/Tech.eu)
https://tech.eu/2026/07/02/stirlingx-secures-20m-series-a-to…
Filing: a major Cumulus Media post-bankruptcy stakeholder is likely to be Alden Global Capital President Heath Freeman, who may hold a 31.86% voting interest (Cameron Coats/Radio Ink)
https://radioink.com/2026/07/29/notorious-newsroom-job-slasher-gr…
The IPOs of SpaceX, Anthropic, and OpenAI could add up to $4T to US stock market value within months, fueling concerns they could trigger more capital-raising (The Economist)
https://www.economist.com/finance-and-economics/20…
Donald Trump raked in more than
$1billion from his crypto businesses last year, a federal filing released Monday shows,
giving a substantial boost to his annual income.
In his second term, Trump and his family have heavily invested in digital money and various crypto businesses
with Trump announcing at the start of 2025 that he wanted the US to be the “crypto capital of the world”.
Trump’s crypto earnings are in addition to profit from his legal settlements, real…