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A pair of national real estate investment managers closed their U.S. office credit fund with $1.1B in investor commitments.
Hines and Rialto Capital secured 126 investors for their Hines Rialto Credit Partners, a co-general partnership focused on U.S. office credit investments. The fund required a minimum investment of $100K, according to a filing with the U.S. Securities and Exchange Commission.
With the rapid growth of private credit, Hines said it believes investors are searching for real estate credit strategies grounded in specialized underwriting and deep market knowledge.
"Yield alone does not tell you the quality of the risk," Alfonso Munk, Hines' global co-head of investment management, said in a statement. "In real estate credit, understanding the underlying ******* et — what it is worth, how it performs and how it may hold up under pressure — is becoming increasingly important as the market works through a significant refinancing cycle."

#real #rialto

U.S. median household income hit a record $87,460 in 2025, but lower-income earners saw no meaningful gains while top earners' income has surged 121% over 58 years.
Gasoline prices surged 27%, shelter rose 3%, and hospital services climbed 5% year-over-year, eroding purchasing power for households already spending most income on essentials.
Investors should favor companies with durable pricing power in essential categories and businesses built to serve cost-conscious consumers trading down on discretionary spending.
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The latest Census Bureau data delivers a headline that sounds almost too good to be true: American households earned more in 2025 than ever before. But the numbers also explain why a record income figure can coexist with a persistent sense that the household budget is under pressure.

#income #earners #surged

On Sep. 8, a federal jury in Alexandria, Virginia, convicted Jihoon Park for his role in an investment fraud scheme and defrauding a bankruptcy court.
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.

#fraud #members #community #transferred

Gabelli Investment Management Firm recently released its "Global Content & Connectivity Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a strong second quarter of 2026, with its Class I shares gaining 12.88%, more than double the 6.02% return of the MSCI AC World Communication Services Index, though trailing the broader MSCI AC World Index's 15.06% gain. The fund's performance reflected renewed investor interest in AI-related investments, easing tensions in the Middle East, and lower Brent crude prices, with Information Technology gaining 39.2% and Communication Services advancing 6.0% during the quarter. Over the past year, the fund gained 25.50%, compared with 13.06% for its communication-services benchmark and 24.16% for the MSCI AC World Index. Looking ahead, Gabelli remains constructive on the long-term opportunities created by AI adoption, expanding digital infrastructure, connectivity, and the continued growth of content and entertainment, while recognizing that higher interest rates, geopolitical tensions, and the sustainability of AI-related spending could create volatility. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Global Content & Connectivity Fund highlighted stocks like Rogers Communications Inc. (NYSE:RCI). Rogers Communications Inc. (NYSE:RCI) is a Canadian communications and media company with major wireless, cable, sports, and regional media businesses. The one-month return of Rogers Communications Inc. (NYSE:RCI) was 8.38% while its shares traded between $31.38 and $41.14 over the last 52 weeks. On September 3, 2026, Rogers Communications Inc. (NYSE:RCI) stock closed at approximately $38.00 per share, with a market capitalization of about $20.27 billion.
Global Content & Connectivity Fund stated the following regarding Rogers Communications Inc. (NYSE:RCI) in its Q2 2026 investor letter:
Rogers Communications Inc. (NYSE:RCI) (3.2%) (RCI – $32.50 – NYSE) owns the largest wireless operator and the largest cable MSO in Canada as well as a media business with a focus on sports and regional TV and radio, including ownership of Toronto Blue Jays baseball club and a controlling interest in Maple Leaf Sports & Entertainment (MLSE). In July 2026, Rogers agreed to purchase the remaining 25% stake in MLSE (the owner of the Toronto Maple Leafs, Toronto Raptors, Toronto FC) from Kilmer Sports for C$4.35 billion, which will increase RCI's interest in that entity to 100%. RCI continues focusing on unlocking value from its vast sports portfolio, with next steps likely including combining all sports and media **** ets into a single organization and selling a sizeable minority interest in that entity to institutional investors.

#NYSE

Sept 3 (Reuters) - Coinbase has filed registration documents with the U.S. Securities and Exchange ‌Commission to offer equity perpetuals, the ‌crypto exchange's chief policy officer said in a social media post on Thursday.
Here are some details:
• Perpetuals, also called "perps" are derivative contracts that track underlying ****** ets and do not expire, allowing traders ‌to hold positions ⁠indefinitely without the need for a roll-over.
• The product will need a ⁠Commodity Futures Trading Commission approval next, Chief Policy Officer Faryar Shirzad said in a post on X.
• "Equity perps have proven demand internationally, and we're ‌excited at the prospect of a regulated pathway for U.S. investors," Shirzad said.

#commission

ONEOK has agreed to acquire Brazos Midstream's natural gas gathering and processing ******* ets in the Permian Basin's Midland sub-basin for $4.425 billion in cash, expanding the midstream operator's footprint in one of the largest U.S. oil and gas producing regions.
The acquisition will be funded as part of a separate $9 billion nonvoting minority equity investment from funds and affiliates managed by Apollo Global Management. ONEOK plans to use roughly $5 billion of the Apollo proceeds to extinguish existing debt, while the remainder will fund the Brazos acquisition.
The structure allows ONEOK to finance the transaction without issuing common equity. The company said the combination of the Apollo investment and planned debt reduction is expected to bring its pro forma 2027 debt-to-EBITDA ratio to about 3.25 times.
Brazos' Midland Basin system is supported by roughly 600,000 dedicated acres under fixed-fee contracts with a weighted average remaining term exceeding 12 years, according to ONEOK. Producers operating on the acreage include ExxonMobil, Diamondback Energy and Double Eagle, with 14 active drilling rigs currently supporting the system.
After completion of the Cassidy II processing plant, which ONEOK expects in the third quarter of 2027, the acquired system is expected to comprise about 700 miles of gathering infrastructure and 1.2 billion cubic feet per day of gas processing capacity across seven Midland Basin counties.

#basin

Moderna surged 11% while BioNTech gained just 2% on no catalyst, with MRNA's Reddit sentiment score of 88 flagging crowded retail positioning over fundamentals.
BioNTech trails XBI's 3% session gain and its 35% YTD return, while Moderna's 371% YTD run versus BNTX's 19% effectively ends the mRNA pair trade.
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Two names built on the same platform have stopped moving together this morning. Moderna (NASDAQ:MRNA) stock is up 11% to $154.15, a Tuesday morning session standing well apart from anything happening across the broader biotech sector. Meanwhile, BioNTech (NASDAQ:BNTX) stock is up 2% to $115.10, a much lighter session for a name that's traded as Moderna's mRNA partner for years.
For sector context, the SPDR S&P Biotech ETF (NYSEARCA:XBI) is up 3% to $168.45. That means BioNTech isn't only lagging Moderna today; it's trailing the sector fund that holds it. The comparison against the fund is what makes the gap inside the mRNA pair legible. Biotech is having a good session, and Moderna is having a different kind of session entirely, while BioNTech sits below the fund, making the split inside the mRNA pair even sharper than the headline figures alone would suggest.

#Biotech #pair #names

Lion Group Holding Ltd. (NASDAQ:LGHL) says it remains committed to holding its Hyperliquid (HYPE) tokens, maintaining an approximately 195,000-token position as part of its cryptocurrency treasury management strategy.
The company said the HYPE holdings were valued at approximately $15.8 million as of August 24, 2026, based on prevailing market prices, while confirming it has not sold any tokens since establishing the position.
Lion Group continues to hold its entire allocation of roughly 195,000 HYPE tokens, leaving (NASDAQ:LGHL) exposed to changes in the token's market value.
The Hyperliquid holdings were worth approximately $15.8 million as of August 24, according to the company.
LGHL's decision not to sell reinforces HYPE as a long-term component of its cryptocurrency treasury strategy rather than a short-term position.

#hyperliquid

Alibaba Group Holding (BABA) seeks to raise about $10 billion in a share sale.
The Chinese e-commerce and cloud computing giant said it will channel 100% of net proceeds into full-stack AI capabilities.
Alibaba is offering 710 million ordinary shares at HK$112.70 each, a 3.6% discount to Friday's close, according to Bloomberg. The deal would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
Globally, the deal ranks as the third-largest primary follow-on this year. Only Alphabet's $80 billion raise in June and Intel's $15 billion sale in August were bigger.
The full-stack category covers chips, infrastructure, and the development and deployment of AI models. Alibaba will face a 90-day lockup.

#stack #offering #deal

It's nearly here. The moment Wall Street waits for every quarter since the AI trade kicked off: Nvidia's (NVDA) second quarter earnings.
Yes, while its Big Tech peers reported their results nearly a month ago, Nvidia is finally giving us the lowdown on its latest quarter when it reports Q2 earnings after the close on Wednesday.
For the quarter, Nvidia is expected to report second quarter adjusted earnings per share (EPS) of $2.09 on revenue of $92 billion, according to Bloomberg ****** yst consensus estimates. That would mark a 96% year-over-year jump in overall revenue, and a continued quarter-over-quarter acceleration.
And Meta's social media addiction trial resumes in Oakland, Calif., today after Thursday's hearing was postponed due to a sick juror.
A collection of 29 state attorneys general is suing the social media giant over claims that it purposely developed its services to keep children online as long as possible and caused psychological harm. The trial is a test case for that larger suit and involves the attorneys general from four states.

#NVIDIA

Download the Complete Report Here
Key Takeaways:
Revenue increased 190% y/y to $4.7 million as Arps added scale and supply continuity, while frozen beverage and food revenue grew 9%.
Manufacturing inefficiencies drove gross margin to negative 3.2%, prompting reductions to 2026 revenue and adjusted EBITDA guidance.
Education recovery remains intact, with returning customers, new district wins and inventory preparation supporting stronger core Barfresh growth through the 2026-27 school year.

#report #arps #Education

CBRS slides 13% and AMD falls 5% in a classic buy-the-rumor unwind ahead of tonight's Supernova livestream at 6:30 PM ET.
Uniform selling in MU and COHR signals wholesale de-risking, not company-specific news, as the 30-year Treasury yield hits a 19-year high of 5.25%.
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Shares of AI hardware names are broadly lower at midday Tuesday, hours ahead of Cerebras' flagship SUPERNOVA product event, which begins at 3:30 PM Pacific Time (6:30 PM ET). Cerebras Systems (NASDAQ:CBRS) is down 13% to $220, while Intel (NASDAQ:INTC) has slid 7% and AMD (NASDAQ:AMD) is off 5%.
The selloff is a classic buy-the-rumor, sell-the-news setup layered on top of a broader macro rotation. Cerebras surged into Tuesday's event on a Wedbush endorsement and OpenAI's confirmation that its GPT-5.6 Sol Ultrafast mode, capable of up to 750 output tokens per second, will run exclusively on Cerebras' Wafer-Scale Engine. Morgan Stanley also reaffirmed Overweight and raised its price target Monday, projecting core revenue to more than triple by 2027.

#NASDAQ #classic #ahead

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Aug. 14, 2026 5:30 am ET
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#listen #every #defense

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Gold (GC=F) December futures opened at $4,400 per troy ounce on Monday, August 10, 2026, flat compared to Friday's closing price. As of 8:22 a.m. ET, the price of gold edged down to $4,391.50.
Gold prices this morning opened at their highest level since early June following a disappointing employment report on Friday that prompted many ****** ysts to pare back their expectations of a rate increase by the Fed next month.
With no major changes to the tenor of negotiations between the U.S. and Iran, with President Trump saying the U.S. is "low-keying it," market observers look ahead to two key inflation reports later this week, which are expected to show price pressures continue to mount for Americans.
It will be interesting to see if this week's inflation reports are enough to change the trajectory of rate-hike expectations.

#expectations #advertiser

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Management decided to exit the Deutsche Bahn and Network Rail ETO contracts to significantly derisk the company and improve the go-forward cash flow profile.
Harsco Environmental growth was driven by modest steel market improvements and internal cost discipline, despite volume headwinds in Northern Europe and China.
Rail performance benefited from a strategic shift toward aftermarket opportunities, which saw double-digit growth while original equipment demand remains at multi-decade lows.
The company implemented a value creation playbook focused on business efficiency, including closing the Ludington, Michigan manufacturing facility and rightsizing European operations.

#NVIDIA #tell #bahn

The Trump administration's Department of Transportation (DOT) has proposed loosening a 2011 Obama-era rule that requires airlines and travel sites to show the total price travelers actually pay.
The current "full fare advertising rule," which centers on consumer protection, requires both U.S. and foreign air carriers and ticket agents that advertise airfares to "state the entire price to be paid by the customer, inclusive of all mandatory taxes and fees," (including both government and carrier surcharges) at the first mention. The rule also prohibits any sellers of air transportation from "displaying in airfare advertisements charges that are included within the airfare more prominently or in the same or larger font size than the total single price."
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Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going

#requires #airfare #wealth #department