Updated on: October 7, 2026 / 5:42 AM EDT / CBS News
London — The involvement of a small American firm linked to **** ociates of President Trump in an energy project in Bosnia and Herzegovina worth more than $1.5 billion has raised questions about how the White House could be using its leverage in the fragile Balkan state.
U.S. lawmakers accuse the Trump administration of lifting sanctions on Bosnian Serb separatist leader Milorad Dodik in an effort to enrich and empower allies of Mr. Trump, and of undermining longstanding U.S. foreign policy interests in the region in the process.
On Sunday, Mr. Trump was hailed by Dodik after his Serb nationalist party won one of Bosnia and Herzegovina's three presidency seats, which are split between Bosnia's Muslim minority, known as Bosniaks, as well as Serb and Croat ethnic groups under the country's complex power-sharing electoral system.
"If it had not been for Donald Trump's magnificent victory … we would probably be political corpses today," Dodik told supporters in a speech, in which he also thanked Russian President Vladimir Putin for his support.

#Trump #bosnia #updated

More than two years after Selma Blair posted a comment widely criticized as Islamophobic, for which she later apologized, the actress has revealed the alleged repercussions she experienced in her career and personal life.
The 54-year-old said in a speech on Oct. 1 that she felt "erased" after losing partnerships, legal and career representation and a "best friend" over the February 2024 comment.
The speech took place at the Anti-Defamation League's event at the Jewish Museum in New York City, which celebrated the launch of the organization's State of the Arts: Advancing Jewish Inclusion in Arts, Entertainment and Culture platform.
In the since-deleted message, the "Cruel Intentions" star had issued a call to "deport all these terrorist supporting goons" under a video describing former U.S. Rep. Cori Bush and Rep. Rashida Tlaib as "Jew hating antisemites" for voting against legislation that would have imposed sanctions against people, agencies and governments that "assist Hamas, the Palestinian Islamic Jihad or their affiliates."
"The brands I worked with were gone within a day. A few partnerships I'd spent years building were shelved. My agency was gone. My lawyer was gone. My publicist was gone. My book agent was gone. My book publicist was gone. My social media manager was gone. My son's godmother was gone – my best friend," Blair said from the podium.

#blair #jewish #Career #partnerships

Iran's top diplomat insisted on Sunday that there would be no military solution to the United States' war against the Islamic republic, with talks on ending the conflict apparently at an impasse.
A campaign of heavy bombardment failed to bring a decisive close to the war launched by the US and Israel in late February, and Washington in recent weeks has dialled back military operations in favour of economic pressure.
The main point of contention remains Iran's attempt to blockade the Strait of Hormuz, a vital conduit for Gulf oil and gas where a UK maritime agency reported on Sunday another tanker struck by an unknown projectile.
"If our enemies again choose the path of military confrontation, our response will be stronger than before, and we will defend ourselves with even more force," Iranian Foreign Minister Abbas Araghchi said at a gathering of foreign ambassadors.
"There is no military solution, nor any solution based on new sanctions," he continued, adding "only negotiations based on justice and fairness" could end the conflict.

#sunday #Israel

This article mentions allegations of ****** ual ****** ault.
TW Farlow / Getty Images
Spencer Platt / Getty Images
Spencer Platt / Getty Images
The university claims that it issued "a range of sanctions," like expulsions and suspensions, and "any suggestion that the university did not impose consequential punishments for those involved is false."

#mentions

Rebel Wilson is facing a new sanctions motion in her Los Angeles defamation battle with three producers of The Deb.
Amanda Ghost, Gregor Cameron and Vince Holden accuse Wilson of giving false sworn testimony, withholding documents and mishandling evidence during pretrial discovery. Their lawyers characterize the alleged conduct as a "fraud on the court" and are asking Judge Thomas Long to impose penalties.
Wilson's attorney, Allyson Katherine Thompson, disputes the accusations. She told MyNewsLA that the motion is another attempt to malign Wilson and described it as "gamesmanship" in a heavily contested case.
The sanctions motion is scheduled for an Oct. 22 hearing. The producers' underlying defamation case against Wilson is currently scheduled for trial in Los Angeles in January 2027.
One of the examples in the motion concerns a demand letter tied to the dispute.

#amanda

Chevron Corporation (NYSE:CVX) is about to significantly expand its operations in Venezuela. The company's CFO, Eimear Bonner, revealed at a Barclays conference on September 8 that the American oil giant plans to more than double the number of oil rigs it operates in the country as part of its five-year plan ‌to increase output.
The statement follows the company's recent announcement that its joint venture partnerships in Venezuela would invest more than $7 billion to more than double oil ⁠output to 600,000 barrels per day by 2031. The current production from Chevron's three Venezuelan JVs totals around 290,000, which is all exported to the United States.
The move builds on Chevron's longstanding presence in Venezuela, as it was the only American oil major that continued operating in the country under a special US license, allowing it to produce and export oil despite the sanctions.
The expansion comes alongside a much larger agreement between Washington and Caracas announced this month, which gave the US majority control over around 20% of Venezuela's proven crude reserves. The White House has now invited American oil companies to revive and modernize the South American country's oil infrastructure and more than double its crude production in the next few years.
Chevron has maintained operations in Venezuela since 1923 and even stayed through the nationalizations that forced ExxonMobil and ConocoPhillips to exit in 2007. This gives it a significant competitive advantage, since it already has a longstanding relationship with the state-owned PDVSA and extensive experience operating in the country's complex regulatory environment.

#around

Trump signed the legislation into law on Friday, the White House said.
LONDON -- Ukrainian President Volodymyr Zelenskyy on Friday thanked President Donald Trump for signing into law a bill championed by the late Sen. Lindsey Graham, which allows for the expansion of sanctions on Russia related to Moscow's ongoing full-scale invasion of Ukraine.
Trump signed the bill on Friday, the White House said in a statement, after the legislation passed both the House and Senate with strong bipartisan backing. The legislation "authorizes and expands statutory sanctions, tariffs and prohibitions on Russia and extends existing sanctions on Iran," the White House said.
The bill's passage came about two months after Graham died suddenly following a tear in his aorta. Graham had long been an advocate of U.S. support for Kyiv and more stringent measures on Russia and the regime headed by President Vladimir Putin. In 2024, Russia's state financial monitoring agency added Graham to its list of alleged "terrorists and extremists."
In a post to Telegram on Friday night, Zelenskyy thanked Trump for signing what he called "critically important legislation," extending his thanks to "all the senators and members of the House of Representatives who supported it."

#legislation #white #Russia #zelenskyy

CAIRO (AP) — Hundreds of thousands of Iranians rallied Friday in a government-organized show of defiance after months of war, pledging their readiness to take up arms in the biggest such demonstration since the United States and Israel attacked in February.
Iran's government has sought to rally the people and stress national unity, even as the economy worsens under a U.S. naval blockade of Iranian ports and new U.S. sanctions. On Friday, it claimed another attack on a tanker in the Strait of Hormuz, a key waterway it has sought to control since the start of the war.
Estimates varied of the number of people volunteering to receive limited military training and defend the country in an effort described as "Janfaday-e Iran," or the "ones who sacrifice their lives for Iran." They marched through downtown Tehran in combat uniform, carrying flags, as onlookers cheered.
For days, state media have encouraged Iranians to join the campaign, saying training with **** ault rifles would begin soon. The volunteers would be an additional layer of security to the paramilitary Revolutionary Guard and the Basij militia, which has played a key role in quashing anti-government protests.
Tehran's Guard chief, Gen. Hassan Hassanzadeh, told the state broadcaster that over 600,000 people had registered to participate, with over 1 million expected to take part in the training. On Friday morning, the broadcaster estimated over 300,000 people were on the streets.

#government #training #since

The vote ends a nearly two-year pause in Ukraine **** istance from Congress.
Advocates of the bill, including Ukrainian President Volodymyr Zelenskyy, have argued it would give the White House necessary tools to squeeze Russia economically, curbing the flow of funds to Moscow’s war machine. | Rod Lamkey, Jr./AP
09/17/2026 07:54 AM GMT+9
The House passed the sweeping Russia sanctions bill long championed by the late Sen. Lindsey Graham on Wednesday, sending the legislation to the White House for President Donald Trump’s signature after more than a year of congressional maneuvering.

#white #ukrainian

The trade sending Kawhi Leonard back to Toronto is finally going forward, with the Raptors and Los Angeles Clippers agreeing to complete the deal that was agreed to earlier this summer, a person with knowledge of the negotiations said Monday.
The deal will be the same as what was agreed to 2 1/2 months ago: Leonard returns to the Raptors, with the Clippers getting Brandon Ingram, Gradey ******* , two first-round draft picks, two second-round picks and a pick swap, said the person who spoke to The ******* ociated Press on condition of anonymity because the trade had not received the required league approval.
It's a huge move for Toronto, which won the 2019 NBA ******* le with Leonard leading the way and is expecting to contend in the Eastern Conference. But the sides put the agreement on hold in early July pending any resolution of NBA's investigation into whether the Clippers circumvented salary cap rules with regard to Leonard's compensation.
The NBA hit the Clippers earlier this month with massive penalties as a result of that probe, suspending owner Steve Ballmer for one year, fining the team $30 million and forcing it to forfeit five first-round draft picks, among other sanctions.
Leonard, a two-time NBA Finals MVP, was hit with a $700,000 penalty as a result of that investigation. But he was not suspended and his contract was not voided, and the Raptors evidently are now certain that his status will not be affected.

#clippers #raptors #picks #deal

By Alexander Cornwell and Rami Amichay
TEL AVIV/PSAGOT, West Bank, Sept 9 (Reuters) - Israel has given Britain 30 days to close its East Jerusalem consulate in response to sanctions on goods from settlements, a measure Britain's leader said on Wednesday was needed to "stand against injustice" in the occupied West Bank.
In the West ‌Bank, where Israeli settlements have eaten into territory Palestinians seek for a state, settler business owners said the sanctions — announced on Tuesday by Britain, France and Canada — ‌would dent their revenues and at least one said they could force him to close his date farm.
The sanctions are among the strongest collective actions taken by Western countries that Israel once counted as close allies, highlighting its growing isolation over the war in Gaza and expansion of settlements in occupied territory.
ISRAEL SETS DEADLINE FOR BRITAIN TO CLOSE CONSULATE

#britain #sanctions #settlements

Iran is increasingly using cryptocurrencies to settle cross-border trade as the country faces intensifying U.S. sanctions and a naval blockade, the Financial Times reported on Sep. 8.
A cryptocurrency is a digital currency that runs on a blockchain, a shared public ledger, allowing money to move across borders without passing through the traditional banking system.
The country's central bank has in recent months quietly eased its strict foreign currency controls, encouraging businesses to bring funds back into the country through whatever channels are available, including crypto exchanges that handle Tether's USDT and Bitcoin (BTC), citing regime insiders, business executives and **** ysts, the report said.
Tether's USDT is a stablecoin, a type of cryptocurrency designed to hold a steady value against the U.S. dollar, making it useful for trade settlements.
Bitcoin is the world's first and largest decentralized cryptocurrency which has seen a wild appreciation in its value since its launch in 2009.

#trade #Iran

CAIRO (AP) — The new head of Iran's Supreme National Security Council on Sunday said Tehran plans to announce an "exclusion zone" outside the Strait of Hormuz aimed at vessels it believes are attempting to transit the waterway.
Mohsen Rezaei's comments to Iran's state broadcaster came with few details, a day after the U.S. struck three Iranian oil tankers in response to Tehran launching ballistic missiles at U.S. warships. Experts called the launches a dangerous escalation after Iran's previous attacks at sea targeted commercial shipping.
The new zone should be announced in the coming days and weeks and "will begin from the line of the U.S. naval blockade, extend toward the Strait of Hormuz, and from this side continue into the Persian Gulf," Rezaei said. "Any ship that enters this area with the intention of passing through the Strait of Hormuz and is identified will be placed on our sanctions list."
It is not clear where Iran defines the location of the weekslong U.S. blockade, which is aimed at Iranian ports and keeping Tehran from shipping out its oil. The U.S. military has said over 20 warships are supporting the blockade, which as of Sunday had redirected 92 commercial ships and disabled three.
The U.S. has been introducing new measures to increase the economic pain on Iran after negotiations collapsed and no end to the intermittent fighting appears in sight. Meanwhile, Iran continues to attack some ships trying to transit the strait, which has become an important source of leverage for Tehran in the war that began Feb. 28 with U.S. and Israeli strikes.

#strait

(Fixes typo in byline)
By Yasmine Ghania and Hatem Maher
DUBAI, Sept 7 (Reuters) - Iran said it will announce a new restricted zone in the Gulf in the coming days, along with maps of a new shipping corridor through the Strait of Hormuz, as a weekend exchange of strikes on shipping sent oil prices higher on Monday.
The new restricted zone will ‌begin from where the U.S. blockade of Iran begins and extend into areas of the Gulf, Mohsen Rezaei, the secretary of Iran's Supreme National Security Council, said on Sunday in an ‌interview with state TV.
Few details were provided on the plan, but Rezaei said any ship entering the new zone would be added to a sanctions list.

#gulf #hatem

Sen. John Kennedy (R-La.) tells Meet the Press Congress "missed a big chance" on passing Russia sanctions as Jared Kushner and Steve Witkoff meet with Vladimir Putin in Russia.

#Russia #press #congress

DUBAI, Sept 6 (Reuters) - Iran said it will step up efforts to tackle problems created by the U.S. sanctions that are crippling its economy, while a senior Iranian official warned of a "painful response" if it comes under further attack.
Six months after U.S.-Israeli strikes against Iran, the war appears to be at a stalemate. A preliminary ceasefire accord ‌reached in June has unravelled and little progress has been made in diplomatic efforts to get the peace process back on track.
After a pause in military action for much of ‌August, ******* -for-tat strikes have resumed with U.S. Central Command saying it hit three Iranian tankers on Saturday after Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at two U.S. Navy ships.
Following the attacks, Iran's Parliament Speaker Mohammad Baqer Qalibaf said on Sunday that the U.S. should understand that the rules of the game in the war against Iran have changed "before it is too late".
"From now on, any attack against Iran's interests and security will receive a faster, heavier and more painful response," he said in a speech published on his Telegram channel.

#Iran #painful

On its face, France and India do not have much in common. France is a NATO ally; India has remained outside any alliance system. France had numerous colonies around the world and maintains relations with many of them since they achieved independence. India was not one of those countries — it was the jewel in the British crown.
Yet both states have a common self-perception as independent poles in a multipolar world.
Despite its membership of NATO, France's long-standing refusal to join NATO's nuclear planning group reflects both its determination to maintain the independence of its nuclear deterrent and policy of what president Emmanuel Macron calls "strategic autonomy." And he is extending a French nuclear umbrella to other European states.
India, like France, is a nuclear power. It too has long pursued an independent national security policy. New Delhi did have close military and economic relations with the Soviet Union and still is a major purchaser of Russian oil. Nevertheless, the former leader of the non-aligned group of nations has no formal alliances and does not seek any.
Although France and India have maintained good relations since India achieved independence in 1947, their ties reached a turning point in 1998. That was when India conducted five nuclear tests and Washington issued sanctions against India. France did not. Indeed, France upgraded its strategic relationship with India that year.

#since

(Widens distribution)
By Parisa Hafezi and Angus McDowall
DUBAI, Sept 3 (Reuters) - A U.S. campaign to throttle Iran's economy by blockading its oil exports and stopping sanctions evasion is growing increasingly difficult to withstand, three senior Iranian sources said.
Washington has in recent weeks sought to ratchet up the economic pressure on Tehran, in an effort to extract concessions in any future negotiation that six months ‌of conflict have so far failed to secure.
Although Iran's clerical rulers managed to bypass sanctions for decades, the latest U.S. moves have left them in a far more sensitive position, with few remaining ‌channels to secure foreign currency or buy goods, the sources said.

#widens

(By Oil & Gas 360) – Month Ending: August 2026 – August was the month energy markets began treating geopolitical disruption less like a temporary shock and more like a structural part of the investment landscape. The Iran conflict remained the dominant force running through oil prices, tanker markets, LNG flows, sanctions policy, and shipping through the Strait of Hormuz.
Yet one of the more revealing developments was how quickly commodity markets learned to absorb the uncertainty. Oil could rally on renewed fighting, fall on hopes for diplomacy, and then trade lower even as physical shipping constraints remained very real.
The industry's response told a different story. Producers, midstream companies, and governments continued committing capital to natural gas, new drilling inventory, offshore exploration, pipelines, ports, automation, and alternative supply routes. August was therefore not simply a month defined by war or volatile crude prices. It was a month that exposed how deeply intertwined energy security, infrastructure, technology, and access to resources are becoming.
The Iran conflict remained the defining energy story of August. Brent repeatedly moved in response to developments surrounding fighting and diplomacy, while commodity vessel traffic through the Strait of Hormuz fell to a three-month low. Reports that nearly half of global oil flows originated in or moved through conflict-affected regions underscored just how exposed the world's energy system had become to geopolitical instability.
The consequences extended well beyond crude prices. VLCC tanker rates reportedly climbed as high as $650,000 per day, Qatar suffered a severe collapse in LNG exports, and Gulf producers accelerated investment in pipelines and ports capable of reducing dependence on vulnerable maritime corridors.

#strait #hormuz

Oil prices surged Tuesday following U.S. military action against Iranian targets in the Strait of Hormuz, a retaliatory move after Tehran launched overnight attacks on vessels passing through the waterway.
The November Brent crude contract jumped 3.8% to $94.36 a barrel, a level not seen in nearly two weeks. West Texas Intermediate, the U.S. benchmark, gained 4.3% to $89.46 a barrel for the October delivery contract, a move that would mark its best close in more than a month.
The afternoon rally built on momentum that had already been building since the morning session, with settlement data for both benchmarks sourced from Dow Jones Market Data.
The strikes mark a renewed escalation in the Strait of Hormuz, which has been the site of ongoing conflict. The U.S. and Iran had signed a memorandum of understanding on June 17, but that agreement collapsed almost immediately. Since then, Iran has demanded sanctions relief and an end to the U.S. naval blockade before the waterway can reopen, while Washington has maintained the blockade rather than conducting additional airstrikes — until Tuesday.
The Hormuz disruptions have taken a significant toll on global oil supply. The International Energy Agency cut its 2026 global oil supply forecast to 102 million barrels per day in August, a decline of 4.3 million barrels per day on the year, citing the breakdown of the ceasefire and a renewed closure of the strait. Middle East oil loadings had briefly touched 20 million barrels per day in early July before retreating to roughly 12 million barrels per day as attacks on tankers and energy infrastructure resumed. The IEA projected the global oil market would show a deficit of 1.8 million barrels per day in the third quarter of 2026.

#million #strait #global #market

After months of speculation and anticipation, the NBA dropped the hammer on the Los Angeles Clippers on Wednesday over their reported scheme to circumvent the salary cap for Kawhi Leonard.
And what a hammer it was. The league has stripped the Clippers of five first-round draft picks, fined owner Steve Ballmer $30 million, fined Leonard $700,000 and suspended Ballmer, president of basketball operations Lawrence Frank and president of business operations Gillian Zucker.
It is a team-changing blow to LA, which many have noted also gave up five first-rounders, two pick swaps and future MVP Shai Gilgeous-Alexander in a trade for Paul George at Leonard's request.
The Clippers have already released a statement rejecting the NBA's findings and promising to challenge them. It remains to be seen how that will play out, but the NBA has certainly thrown down a harsh first move.
But how harsh is it compared to other cheating scandals in recent sports history? Let's compare the Clippers' sanctions to the bites other teams have received for bending the rules for a competitive advantage in recent sports history, which we are cutting off at the year 2000.

#fined #operations

By Andrew Gray and Andreas Rinke
BRUSSELS/BERLIN, Sept 2 (Reuters) - European Commission chief Ursula von der Leyen vowed on Wednesday to increase pressure on Russia, including with new sanctions, after an attempted drone attack at Leipzig/Halle Airport in Germany that she said showed Moscow's growing "recklessness".
Airport workers last month found a drone ‌laden with explosives and a detonator at the airport, an important civilian freight and NATO logistics hub in eastern Germany that is also a base for ‌several giant Ukrainian Antonov An-124 cargo planes.
Germany blamed Moscow for the attack, characterising it as part of hybrid warfare meant to intimidate and cause divisions in countries that have rallied around Ukraine since Russia's 2022 invasion.
Russia denies involvement. It says it will respond to what its foreign ministry spokesperson called "anti-Russian action", and summoned Germany's top diplomat in Moscow.

#airport #gray #andreas

Brennan ******* et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan ******* et Management highlighted Liberty Capital Corporation (NASDAQ:GLIBK). Liberty Capital Corporation (NASDAQ:GLIBK) is a communication services company that provides a range of data, wireless, video, voice, and managed services. GCI Liberty, Inc. rebranded to Liberty Capital Corporation in May 2026. On August 31, 2026, Liberty Capital Corporation (NASDAQ:GLIBK) closed at $26.03 per share. Over the past month, Liberty Capital Corporation (NASDAQ:GLIBK) returned 8.78%, but its shares are down 28.94% over the past year. Liberty Capital Corporation (NASDAQ:GLIBK) has a market capitalization of $1.04 billion, and its stock has traded within a 52-week range of $19.30 to $41.18.
Brennan ******* et Management stated the following regarding Liberty Capital Corporation (NASDAQ:GLIBK) in its Q2 2026 investor letter:
Liberty Capital Corporation (NASDAQ:GLIBK): "Just when I thought I was out, they pull me back in!": In our Q4 2024 letter, we described our unfavorable investment history with Liberty Latin America (LILAK) and explained our reasons for substantially exiting the position and reinvesting the proceeds in TIGO. In the letter, we blamed ourselves for giving LILAK's management team too much slack even though operating performance continued to contradict their rosy projections. Selling shares in a longer-term holding that has not worked is no fun, but it is part of the investment process.
In our Q3 2025 letter, we detailed our investment in GCI Liberty (later renamed Liberty Capital) and described how we felt that the company traded substantially below the value of the Alaska Cable business, which implied that investors were seemingly ascribing negative value to the prospects of deals from John Malone and company. We noted how investors would have flocked to this type of investment 10 years ago, but the underperformance of US cable and several other Liberty names had caused a severe inversion to anything cable related..." (Click here to read the full text)

#glibk #management #investment #brennan

By Ahmad Ghaddar, Enes Tunagur and Robert Harvey
LONDON, Sept 1 (Reuters) - For the first time on record, Iran has gone about seven weeks without shipping meaningful crude exports through the Strait of Hormuz, as a U.S. naval blockade succeeds where years of sanctions ‌failed by cutting off one of Tehran's main sources of foreign-currency earnings.
Unlike previous sanctions campaigns, when Iranian crude continued reaching buyers despite restrictions, ‌the current blockade has stopped fresh crude cargoes reaching China, Tehran's only major remaining oil customer, increasing pressure on government finances and foreign-currency reserves.
Since the U.S. reinstated its blockade on Iran on July 14 as part of their six-month conflict, no Iranian crude cargoes have successfully transited the Strait of Hormuz to China, according to Kpler, Vortexa and TankerTrackers.com.
As a result, Iran can only sell crude to China from floating storage in Asia, which it cannot replenish as crude accumulates aboard tankers inside the strait.

#crude #Iran #strait #sanctions

Brennan ******* et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan ******* et Management highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On August 28, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $153.62 per share. The one-month return of Charter Communications, Inc. (NASDAQ:CHTR) was 5.25%, and its shares lost -42.89% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $26.9 billion.
Brennan ******* et Management stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR): Universally Hated, We've Been Very Wrong But…~50% Forward Free Cash Flow Yield Incongruous with 2030 Bonds Near Par
As noted earlier, it is incredibly difficult to hold onto winners over time, especially when one has an experience like CHTR. As we have discussed in prior letters, CHTR was once a fantastic winner for us -- really. We sold roughly half and, with the benefit of hindsight, life would be easier if we had sold the rest. What makes it hard is less arithmetic than psychology. A winner that visibly surrenders its gains inflicts far more mental anguish than the same dollar gain ever delivers in pleasure. That asymmetry – the very loss aversion we described with TIGO and GTX – is exactly what tempts investors to sell the sort of hated, mispriced name they should be holding.

#charter #NASDAQ #investors #investor

President Donald Trump declared Iran a "Failed Nation" Monday, claiming the country is economically and militarily broken as renewed fighting with the U.S. raises questions about how much leverage Tehran still has left.
"Iran is officially a Failed Nation. IT IS DEAD!" Trump wrote on Truth Social Monday morning. "They have no Navy, they have no Air Force, they have no currency, they are not paying their soldiers or police."
Trump also claimed Iranian inflation had reached 300% and said the country's leadership was "in total disarray and incapable of properly representing the country."
Iran is facing pressure from nearly every direction — renewed U.S. military strikes, tighter sanctions and a steep drop in oil exports — raising fresh questions about how long Tehran can keep absorbing the economic pain and still maintain leverage against Washington.
Could Iran's Regime Collapse? Experts ******* s Bessent's Bid To Sever Financial Lifelines

#failed #leverage

Brennan **** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)

#tigo #asset #letter #market

There is always a winner in any major global oil crisis. In 1973/74, it was Saudi Arabia and its OPEC brothers who shifted the balance of power in the market away from the previous arrangement dominated by the West's 'Seven Sisters' to the oil producers of the Middle East. After the 2014-2016 Oil Price War, it was the U.S. whose earlier nascent shale oil sector resisted the threat to its very existence from Saudi Arabia and OPEC, reorganising into a meaner, leaner, lower-cost oil production machine. The U.S. was the winner again in the short-lived 2020 Oil Price War, and this, along with all the other major crises mentioned, is ****** ysed in full in my latest book on the global oil markets. The latest rupture in the global oil market order that followed the U.S.'s 'Operation Epic Fury' against Iran that began on 28 February has also produced a clear winner. It is neither the U.S., Saudi Arabia, nor the other OPEC states -- it is China. So, how inclined will Beijing be to heed Washington's newly announced sanctions on Iran ahead of the meeting of its President Xi Jinping with U.S. counterpart Donald Trump on 24 September at the White House?
The sanctions in question were announced on 20 August by U.S. Treasury Secretary Scott Bessent, who stated they would be "the ‌toughest sanctions in history" on Iran, under the umbrella of 'Economic D-Day' for the country. The direct sanctions on Iran aim for the complete financial isolation and economic shutdown of the regime by cutting off all domestic and international revenue streams. To this end, the U.S. Treasury blacklisted five core sectors of Iran's economy -- Digital ****** ets/Crypto, Technology, Gold, Aviation, and Shipping -- making any business operating within them subject to immediate ****** et freezes. At the same time, all longstanding humanitarian, academic, athletic, and personal remittance exemptions were indefinitely suspended, including a complete ban on non-commercial family money transfers and joint research collaborations. In parallel with this, the state-run Islamic Republic of Iran Shipping Lines (IRISL) and commercial aviation fleets were put under a strict operational embargo, cutting off access to foreign ports, refuelling, and aircraft spare parts. Immediate ****** et freezes were also levied against procurement networks, cyber warfare units, and business syndicates tied to the Islamic Revolutionary Guard Corps (IRGC).
Related: Solar Has Crossed a Critical Economic Tipping Point
In tandem with this, the U.S. Treasury, along with sister organisations, will fully utilise secondary sanctions to force foreign governments and companies to choose between trading with Iran or trading with the U.S., under the umbrella of 'Operation Economic Outcast'. This aims to target the complete financial isolation of Tehran by cutting off its remaining economic lifelines. To that end, the U.S. Treasury has already blacklisted nearly 60 entities, individuals, and vessels, focusing heavily on thir

Brennan ***** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan ***** et Management highlighted Garrett Motion Inc. (NASDAQ:GTX). Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On August 28, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -12.70%, and its shares gained 105.66% over the past 52 weeks. Garrett Motion Inc. (NASDAQ:GTX) has a market capitalization of $4.97 billion.
Brennan ***** et Management stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter:
"TIGO and Garrett Motion Inc. (NASDAQ:GTX) operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)

#asset

Brennan **** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Liberty Capital Corporation (NASDAQ:GLIBK). Liberty Capital Corporation (NASDAQ:GLIBK) is a communication services company that provides a range of data, wireless, video, voice, and managed services. GCI Liberty, Inc. rebranded to Liberty Capital Corporation in May 2026. On August 31, 2026, Liberty Capital Corporation (NASDAQ:GLIBK) closed at $26.03 per share. Over the past month, Liberty Capital Corporation (NASDAQ:GLIBK) returned 8.78%, but its shares are down 28.94% over the past year. Liberty Capital Corporation (NASDAQ:GLIBK) has a market capitalization of $1.04 billion, and its stock has traded within a 52-week range of $19.30 to $41.18.
Brennan **** et Management stated the following regarding Liberty Capital Corporation (NASDAQ:GLIBK) in its Q2 2026 investor letter:
Liberty Capital Corporation (NASDAQ:GLIBK): "Just when I thought I was out, they pull me back in!": In our Q4 2024 letter, we described our unfavorable investment history with Liberty Latin America (LILAK) and explained our reasons for substantially exiting the position and reinvesting the proceeds in TIGO. In the letter, we blamed ourselves for giving LILAK's management team too much slack even though operating performance continued to contradict their rosy projections. Selling shares in a longer-term holding that has not worked is no fun, but it is part of the investment process.
In our Q3 2025 letter, we detailed our investment in GCI Liberty (later renamed Liberty Capital) and described how we felt that the company traded substantially below the value of the Alaska Cable business, which implied that investors were seemingly ascribing negative value to the prospects of deals from John Malone and company. We noted how investors would have flocked to this type of investment 10 years ago, but the underperformance of US cable and several other Liberty names had caused a severe inversion to anything cable related..." (Click here to read the full text)

#liberty #corporation #glibk #brennan