Florida's Brightline Train Defers Bond Payment as Woes Mount
The Fortress Investment Group -backed railroad plans to defer a July 15 interest payment on about $1.2 billion of 10% and 12% coupon tax-exempt bonds, according to Ashley Blasewitz, a spokesperson for Brightline.
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CBS News
3 hours ago
- CBS News
Inter Miami makes it official, signs veteran midfielder Rodrigo De Paul
Inter Miami CF announced Friday it has signed Argentine midfielder Rodrigo De Paul on loan from Atlético de Madrid. The deal runs through the 2025 Major League Soccer season and includes an option to make the transfer permanent through 2029. De Paul, a World Cup champion with Argentina, will join the team pending receipt of his P-1 visa and International Transfer Certificate. The club says the 31-year-old brings "elite, title-winning experience" to the squad. "Assembling a team that inspires our fans to dream continues to be one of our primary aspirations, so we're thrilled to sign a player of Rodrigo's caliber," Inter Miami managing owner Jorge Mas said in a statement. "He is a winner who has conquered the world stage; his ambitions match ours at Inter Miami." "Rodrigo is a player I've admired for many years," said co-owner David Beckham. "As a leader he has brought so much to the teams he has played for—especially with his national team Argentina." De Paul will be introduced to fans during a pregame ceremony at Chase Stadium on Saturday at 7 p.m. ET, ahead of Inter Miami's match against FC Cincinnati. "What brings me to Inter Miami is the desire to compete, win titles, to write the pages in the Club's history," De Paul said. "It's a Club that is shaping up to be great… so that many people follow this incredible team." De Paul has played nearly 500 matches across top leagues in Argentina, Spain, and Italy. He has made 78 appearances for Argentina's senior national team since 2018, helping lead the country to the 2022 FIFA World Cup title, as well as the 2021 and 2024 Copa América championships. His club career includes stints with Racing Club, Valencia, Udinese, and Atlético de Madrid, where he appeared in 187 matches and played alongside future Inter Miami teammate Luis Suárez.
Yahoo
3 hours ago
- Yahoo
Exclusive: Trump-ally says he is ‘proud to sue' Powell
Exclusive: Trump-ally says he is 'proud to sue' Powell originally appeared on TheStreet. Azoria Capital, a Miami-based investment firm, has filed a federal lawsuit against Federal Reserve Chair Jerome Powell, alleging that the Fed's closed-door policy meetings violate federal 'transparency laws' — and that the decision not to lower interest rates is politically motivated. The lawsuit, filed on July 24 in the U.S. District Court for the District of Columbia, challenges the Federal Open Market Committee's (FOMC) practice of holding private deliberations. Azoria argues these violate the Government in the Sunshine Act, a 1976 law requiring transparency in federal decision-making. 'Azoria is proud to bring this federal lawsuit against Jerome Powell,' CEO James Fishback said in a statement to TheStreet Roundtable. 'We are not going to sit idly by and allow Jerome Powell's Federal Reserve to undermine the duly elected President of the United States and hurt millions of Americans with artificially high interest rates.' Crypto markets watching closely Fed policy shifts ripple across the economy — and crypto markets. Rate cuts tend to boost liquidity and risk appetite, lifting risk assets like Bitcoin. Currently, Bitcoin trades near $119,137.96, up 13% in the past month, per Kraken. Though Powell has called Bitcoin 'digital gold,' he's emphasized it's not a rival to the dollar — and that the Fed is barred from holding it directly. As a result, traders closely monitor every Federal Open Market Committee (FOMC) meeting for clues that could impact pricing, leverage, stablecoins, and valuations across the global crypto CEO takes a dig at Powell's leadership "Inflation is now at a four-year low under President Trump's leadership," Azoria CEO James Fishback told FOX Business on July 24. "Yet Jerome Powell refuses to lower interest rates from a 20-year high. That is a life-altering decision that affects Americans all over the country—from families unable to secure a mortgage to small businesses delaying growth." James Fishback has also emerged as a vocal advocate for crypto. In a recent interview, he stated that 'the rising economy of crypto lifts all boats,' emphasizing that greater access to digital assets enables Americans to 'avoid being debanked' or financially penalized by traditional financial institutions. Fishback also warned over the broader economic effects of prolonged high interest rates. "Every percentage point above the natural rate is costing American taxpayers $315 billion a year,' he said. "That's nearly $3 trillion over the next decade — or $31,000 for every U.S. taxpaying household." The Federal Reserve declined to comment when reached by TheStreet anti-DEI ETF strategy Azoria Capital has also drawn attention for its ETF, the Azoria 500 Meritocracy ETF (SPXM). The fund tracks companies within the S&P 500 but excludes those with explicit diversity, equity, and inclusion (DEI) hiring mandates. "We start with the full S&P 500, then kick out companies like Nike, which mandates that 35% of its U.S. corporate workforce must be ethnically diverse,' Fishback added. 'Ethnic diversity has nothing to do with selling a pair of running shoes at a profit.' Fishback, an ardent Trump supporter, also had previously floated the idea of mailing taxpayers $5,000 "DOGE dividend" checks to symbolize the supposed savings from the Department of Governmental Efficiency, briefly led by Elon Musk. He has also formed the Full Support for Donald, a Political Action Committee to support President Trump. Exclusive: Trump-ally says he is 'proud to sue' Powell first appeared on TheStreet on Jul 24, 2025 This story was originally reported by TheStreet on Jul 24, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
MARA Holdings (MARA) Slashes 11.6% Amid New $1-Billion Debt Offer
We recently published . MARA Holdings, Inc. (NASDAQ:MARA) is one of the worst performers on Wednesday. MARA Holdings fell by 11.62 percent on Wednesday to close at $17.57 apiece as investor sentiment was dampened by plans to raise $1 billion through debt to finance the acquisition of more Bitcoins. In a statement, MARA Holdings, Inc. (NASDAQ:MARA) said that it intends to offer $850 million worth of convertible senior notes due 2032, with an overallotment option of up to $150 million. The notes will be unsecured, senior obligations and are not expected to bear regular interest other than special interests in limited circumstances. The notes will mature on August 1, 2032, unless earlier repurchased, redeemed, or converted in accordance with the terms. Subject to certain conditions, on or after January 15, 2030, MARA Holdings, Inc. (NASDAQ:MARA) said it may redeem for cash all or any portion of the notes. MARA Holdings, Inc. (NASDAQ:MARA) said it intends to use $50 million of the net proceeds to repurchase a portion of its existing 1 percent convertible senior notes due 2026, while the balance will be used to acquire additional bitcoin and for general corporate purposes. While we acknowledge the potential of MARA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
