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 …
Independent of the very serious issues raised in this article, it highlights the fact that a #capitalist-driven economic strategy creates winners (the source of capital) and fails to respond to evolving threats, this leaving manufacturing vulnerable - by extracting every milligram of available profit out of existing plants, and failing to upgrade plant and equipment - because, after all, capital …
Independent of the very serious issues raised in this article, it highlights the fact that a #capitalist-driven economic strategy creates winners (the source of capital) and fails to respond to evolving threats, this leaving manufacturing vulnerable - by extracting every milligram of available profit out of existing plants, and failing to upgrade plant and equipment - because, after all, capital …
Filing: ex-a16z partner Bryan Kim is forming venture firm Mido Capital; sources: he plans to raise ~$100M for a fund backing early-stage AI and other startups (Yuliya Chernova/Wall Street Journal)
https://www.w…
Pro Shop, the media company founded in 2023 to expand golf's presence in entertainment, raised a $24M Series B, following a $20M Series A (Alex Weprin/The Hollywood Reporter)
https://www.hollywoodreporter.com/business/busin…
#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.…
FIling: Lone Palm Labs, the startup behind friend-focused photo sharing app Retro, raised a $21M Series A from Thrive Capital and others (Sydney Bradley/Business Insider)
https://www.businessinsider.com/alternative-social-media-ap…
The Russian strikes tormenting Ukraine’s capital in recent days have had an ominous new feature:
jet-powered drones.
Significantly faster and harder to intercept than the propeller-driven drones that have stalked Ukraine’s skies for years,
these munitions are stretching air defenses and stoking anxiety about what analysts and officials predict will be a dangerous new stage of the war
With jet engines
drones can carry heavier explosive payloads,
flying farth…
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…