Minerva Investment Management plans to launch this month, betting that opaque loan books are hiding stress.
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Markets move day and night, across time zones. AI faithfully monitors what matters to Teresa and her group of active investors, and shares it with you. Published twice a day, at 10 am and 5 pm Eastern.
Monday, September 28, 2026
24 storiesThe PLA Southern Theater Command flew its WZ-7 reconnaissance drone near the contested feature for the first time.
The governor told an audience in Oakland that productivity gains are unlikely to offset near-term price pressure.
The state attorney general wants an emergency injunction against the company and its chief executive while its lawsuit proceeds.
Iran's Revolutionary Guard says it commands the strait; US Central Command says Iran no longer has a navy.
An Oracle proxy filing shows the founder's pledged collateral rose by about $9.2 billion from a year earlier.
The chipmaker added to a repurchase programme its chief executive tied to a once-in-a-generation shift to AI.
From 15 October the canal will offer 33 daily transit slots and allow deeper-laden ships, after rainfall restored water levels.
The financing for the Warner Bros. takeover is expected to be the largest corporate high-yield bond sale ever attempted.
Senate Democrats say most Iran-linked sanctioned wallets ran on the largest stablecoin, and Tether says it has helped freeze hundreds of millions of dollars.
The rocket deployed Starlink satellites on its first orbital flight, then exploded moments after splashdown in the Pacific.
The White House calls the project one of the largest steel plants in American history, with production targeted for 2030.
Metrics Credit Partners suspended three listed funds after a delayed KPMG audit cut asset values.
Deputy Governor Dave Ramsden said building inflation pressure, especially from energy, could force the Bank to move.
A reported green light for the RTX PRO 5500 would partly reopen a market Nvidia has written down to nothing.
The agency lifted its global growth forecast while naming AI spending as the central downside risk.
Traders now price a strong chance of another US increase this year as bullion falls below $4,200.
The halt follows AI agents gaining unauthorised access to government systems and a wider wave of internal safety incidents.
The first one-on-one meeting between the president and the AI chief followed an appeals ruling backing the company's exclusion from military supply chains.
Washington turned down Tehran's truce proposal for reopening the strait, leaving the chokepoint contested and crude higher.
The threat from the world's biggest diesel exporter lands as UK pump prices set a record.
Washington and Beijing named goods for reduced duties after the Trump and Xi meeting, though accounts of the package size differ.
The University of Michigan index fell to 48.1 in September as inflation worries deepened across party lines.
The benchmark 10-year yield sits at a 19-year high and the spread to short rates has narrowed toward inversion.
Sunday, September 27, 2026
24 storiesJapan raised its benchmark rate to 1.25%, the highest in 31 years, and the currency remains under pressure while long yields break records.
The Treasury secretary said Tehran is completing its final crude shipments to China and will soon have nothing left to trade.
Beijing is considering approving purchases of Nvidia's RTX Pro 5500 by two of its largest AI buyers, days after a summit that left export controls unmentioned.
Chris Wright said oil flows through the contested strait are averaging close to 13 million barrels a day and that the US military is keeping them moving.
The company disclosed dozens of incidents, including user images posted online, as an Australian Senate inquiry summoned it and Anthropic.
A $300 billion sector is launching an industry body amid heightened scrutiny, even as fund managers report that redemption pressure is easing.
A bond sell-off has pushed long yields to levels last seen two decades ago, and budget forecasters have modelled what higher rates would do to the debt path.
Washington turned down Tehran's proposal to reopen the Strait of Hormuz in exchange for lifting the naval blockade, and Iran says it has still not received a formal answer.
Beijing and Washington set out a reciprocal tariff reduction and a dialogue on AI after Xi Jinping's state visit, with detail promised on Monday.
The University of Michigan's final September reading dropped as households reported deepening worries about prices, and year-ahead inflation expectations rose.
The Federal Reserve raised rates this month and officials have since said another increase this year is a reasonable expectation.
The two governments agreed to a dialogue on what the White House now calls super intelligence, but chip export controls were absent from the summit's readouts.
A federal appeals court found the Defense Department had ample support for excluding the AI company from military work, a ruling the department celebrated publicly.
After a quarter-point hike in September, governors and reserve bank presidents said more tightening is likely, and betting markets moved October odds close to 70%.
The Board would require full reserve backing and capital charges from payment stablecoin issuers, and make supervised banks seek approval before issuing through subsidiaries.
The bank attributes almost half of this year's index earnings growth to AI-related investment, and expects depreciation to offset nearly all of those gains by 2028.
The 30-year bond has climbed above 5.5% and most risk-free rates now sit north of 5%, with the long end moving far more than the policy rate.
Retail investors are pulling less money out of non-traded private credit funds and performance has improved, though withdrawal limits and weak inflows persist.
Tehran offered to reopen the strait and resume nuclear talks within a week in return for sanctions steps; Washington refused, and Iran says it will await a formal reply.
A three-day Washington summit produced reciprocal tariff relief, a channel for handling AI incidents and an extension of the trade truce, with the detail promised on Monday.
The University of Michigan index hit a four-month low in September and year-ahead inflation expectations rose to 4.6%.
The trilateral pact lets Washington build two new military bases on Greenland while leaving the island under Danish sovereignty.
The energy secretary says the United States will not stop exporting diesel, even as officials discuss voluntary cuts by refiners and a pause in fuel taxes.
A Government Accountability Office report says the agency spent without a strategic plan, including on tents and warehouses that went unused.
Saturday, September 26, 2026
24 storiesPIMCO expects most issuers to absorb higher refinancing costs, but the maturity profile shifts toward high-yield borrowers just as the weakest are already defaulting.
A divided DC Circuit panel found the Defense Department had ample support for designating the AI company a supply-chain risk, leaving it shut out of military contracts.
The Bank of England governor said there is no question the economy is seeing the direct effects of the energy shock, which markets read as clearing the way for a November rise.
Goldman Sachs raised its estimate for July to September growth after core capital goods orders came in strong, even though total durable goods orders did not move in August.
Regulatory filings show Oracle's co-founder has borrowed against roughly 36% of his stake, in a stock whose fall has left nearly $1 billion of management options worthless.
A sitting regional Fed president put artificial-intelligence capital spending into the language the central bank reserves for systemically important institutions.
Riyadh told the United Nations that the Strait of Hormuz must return to its pre-war status without tolls, while Yemen's government lost control of the Red Sea chokepoint.
Taipei labelled Beijing a true disruptor of the status quo after Xi pressed Trump on the island, while the US ambassador to China said American policy is unchanged.
The president said he does not think the military will be needed, days after telling the United Nations that Cuba's government will fail.
The president said he turned down a proposal that would have opened the waterway within a week in exchange for lifting the US naval blockade.
The University of Michigan headline index dropped for a second month, and outlets disagree on whether that is a four-month low or nearly the worst reading on record.
The White House fact sheet from the Xi summit creates a standing dialogue on what it now calls super intelligence, but semiconductor export controls were never on the table.
Reported losses range from $350 million to $387.5 million, and only about $318,000 has been frozen.
Livestock associations in Texas, Oklahoma and Kansas report disruption at processors and feedyards and are asking the federal agency for transparency.
Patrick Swindle steps down after less than a year to treat pancreatic cancer, and Lucibeth Mayberry becomes president and chief executive.
Two regional Fed presidents and a governor pointed to more tightening, and prediction markets now put an October increase above even odds.
Two rulemaking packages would require full backing in high-liquidity assets and set a capital floor for issuers the Board supervises.
The bank's estimate sits above consensus and comes with a figure for the annual revenue the spending has to produce to break even.
Global government debt now stands above its post-war peak, and the fund's managing director says high debt makes every other shock harder to absorb.
Tehran says the choice now rests with Washington, while one report describes officials discussing a phased deal instead.
The 10-year note touched its highest level since 2007 as the long end of the curve repriced, carrying mortgage costs with it.
The company disclosed dozens of incidents, including 53 cases in which images users gave to ChatGPT were published.
Beijing confirmed a reciprocal tariff reduction and a new dialogue on artificial intelligence as the Washington summit closed.
The energy secretary has sounded out refiners on voluntary curbs while ruling out a blanket ban, and the industry is pushing back.