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Yankee Global Enterprises has reached a $2.6 billion financing agreement with affiliates of Apollo Sports Capital, giving the New York Yankees’ parent additional capital to refinance existing debt and pursue strategic growth opportunities. The agreement combines credit and equity financing. The Steinbrenner family will retain full control of the Yankees. Hal Steinbrenner will remain managing …

The rapid expansion of artificial intelligence has intensified concerns that energy-hungry data centers will raise electricity bills for households. Michael Underhill, chief investment officer at Capital Innovations, argues that the evidence points elsewhere. Research cited by Underhill suggests large, consistent electricity users can lower average rates by spreading fixed grid costs across a broader customer …

OpenWorld Ltd. and Blockchain.com have entered a strategic partnership to expand real-world asset (RWA) tokenization and institutional access across global digital asset markets. As part of the agreement, Blockchain.com has also made a strategic investment in OpenWorld. The multi-year collaboration will integrate Blockchain.com’s trading, liquidity, and balance sheet capabilities directly into OpenWorld’s tokenization and advisory …

Galaxy Digital has made a strategic investment in Digital Prime Technologies, the institutional digital asset technology firm behind Tokenet, a lending platform developed in partnership with EquiLend. The investment extends an existing relationship: Galaxy participated as a launch client when Tokenet went live in May 2026. Tokenet applies securities lending workflows, risk controls, and lifecycle …

Goldman Sachs has agreed to acquire NEOS Investments for up to $2.25 billion, expanding its lineup of options-based funds as investors increasingly use active ETFs to generate income and manage market risk. The consideration will include cash and equity and is contingent partly on performance and service commitments. NEOS managed $30 billion across 19 systematic, …

Mendota, Ill-based Tri-County Financial Group and HBT Financial will be merging in a stock-and-cash deal valued at about $204.6 million.  As part of the merger, the combined company will have roughly $8.3 billion in assets under management, $6 billion in total loans, and about $7.1 billion in total deposits.  Additionally, the deal is expected to …

Executive Summary Japan and the United States recently jointly intervened to support the yen after the currency weakened to nearly ¥164 per dollar, its lowest level in roughly four decades. The operation briefly drove the yen to ¥155.20, its strongest level since May, before it surrendered part of the gain and settled near ¥157.50. The …

The Consumer Price Index rose 0.1% in July, rebounding from a 0.4% decline in June, the U.S. Bureau of Labor Statistics reported. Over the past 12 months, the index increased 3.4%, down slightly from 3.5% in June. Shelter costs rose 0.1% in July, accounting for roughly two-thirds of the monthly increase, while food prices also …

As a generation of founder-led registered investment advisors approaches retirement, succession planning has become one of the most critical and complex challenges facing the wealth management industry. Preparing an advisory business for a sale, capital raise, or internal transition requires far more than matching buyers and sellers; it demands rigorous process discipline, deep understanding of …

Chatham Financial has secured a strategic investment from former Citigroup CEO Vikram S. Pandit, Atairos and Singapore-based investment firm GIC, bringing three long-term capital partners into the financial risk management and technology company. Financial terms were not disclosed. Chatham’s employees will continue to hold a majority ownership stake following the transaction, which is expected to …

The rapid expansion of artificial intelligence has intensified concerns that energy-hungry data centers will raise electricity bills for households. Michael Underhill, chief investment officer at Capital Innovations, argues that the evidence points elsewhere. Research cited by Underhill suggests large, consistent electricity users can lower average rates by spreading fixed grid costs across a broader customer …

Thermal battery developer Antora Energy has closed an oversubscribed $550 million Series C funding round to expand its manufacturing capacity and accelerate commercial project deployment across the United States. Co-led by G2 Venture Partners and Eclipse, the round drew new investments from Ribbit Capital, Salesforce Ventures, Activate Capital, John Doerr, Westly Group, StepStone Group, and …

Yankee Global Enterprises has reached a $2.6 billion financing agreement with affiliates of Apollo Sports Capital, giving the New York Yankees’ parent additional capital to refinance existing debt and pursue strategic growth opportunities. The agreement combines credit and equity financing. The Steinbrenner family will retain full control of the Yankees. Hal Steinbrenner will remain managing …

Executive Summary Japan and the United States recently jointly intervened to support the yen after the currency weakened to nearly ¥164 per dollar, its lowest level in roughly four decades. The operation briefly drove the yen to ¥155.20, its strongest level since May, before it surrendered part of the gain and settled near ¥157.50. The …

U.S. employers unexpectedly shed 23,000 jobs in July, falling far short of the 88,000 gain projected by economic consensus, according to data released by the U.S. Bureau of Labor Statistics. The drop was compounded by sharp downward revisions to prior months. May payroll additions were revised down by 66,000 to 63,000, while June figures were …

Executive Summary Inflation expectations have fallen sharply following last week’s benign CPI and PPI prints, yet the market continues to price a meaningful probability of an interest rate hike by the Federal Reserve — a disconnect that appears mispriced. On balance, the Fed will likely look through the near-term energy spike and hold rates steady …

Goldman Sachs has agreed to acquire NEOS Investments for up to $2.25 billion, expanding its lineup of options-based funds as investors increasingly use active ETFs to generate income and manage market risk. The consideration will include cash and equity and is contingent partly on performance and service commitments. NEOS managed $30 billion across 19 systematic, …

Executive Summary Japan and the United States recently jointly intervened to support the yen after the currency weakened to nearly ¥164 per dollar, its lowest level in roughly four decades. The operation briefly drove the yen to ¥155.20, its strongest level since May, before it surrendered part of the gain and settled near ¥157.50. The …