Author: Jordan

Flex The pre-emptive $70 million equity funding comes just six months after the last round as Flex expands its AI-native private banking platform to 100+ countries on stablecoin rails, banking and moving owners’ money globally in minutes, not days. San Francisco, CA, July 14, 2026 (GLOBE NEWSWIRE) — Flex today announced a $70 million Series B1, led by Ryan Smith and Ryan Sweeney’s Halo Fund with participation from Portage Ventures, Wellington, Crosslink Capital, 53 Stations, Titanium Ventures, Spice, Florida Funders, Spice, and others. The round comes just months after the company’s $60 million Series B in December 2025. Annualized revenue…

Dive Brief: JPMorgan Chase CEO Jamie Dimon on Tuesday said his remaining time at the helm of the bank is “essentially the same” and is “totally up to the board, not up to me,” after two bank executives were named co-presidents last month.  Dimon also shed more light on the events surrounding the departure of former consumer and community banking CEO Marianne Lake and the appointment of Doug Petno and Troy Rohrbaugh as co-presidents.  “The board made a decision to go ahead with making two co-presidents,” which will prepare Petno and Rohrbaugh to do more at the company, Dimon said…

By Anushree Mukherjee July 14 (Reuters) – The price of futures for prompt delivery rose on Tuesday to a one-month high over the price for oil six months later as traders priced in renewed risks to Middle Eastern supplies and shipping through the Strait of Hormuz. The first-month Brent contract traded $8.92 a barrel above the sixth-month contract, its largest premium since June 10. A market structure in which prompt contracts trade at a premium to later ones is known as backwardation and is typically viewed as a sign of tight near-term supplies. Brent’s move follows a sharp escalation in…

Los Angeles County’s total assessed property value surpassed $2.2 trillion this year despite the economic fallout from the wildfires in Pacific Palisades and Altadena and a slowing real estate market, Assessor Jeff Prang announced Tuesday.The county’s 2026 Assessment Roll reached a record $2.272 trillion in net taxable value, an increase of $96 billion, or 4.42%, over the previous year and marking the 16th consecutive year of growth, according to Prang.The increase is expected to generate more than $27 billion in property tax revenue to support public schools, public safety, health care, libraries, parks and other local government services throughout Los…

Foundation has launched a new range of buy-to-let special products, including two and five-year fixed rate options at 80% LTV for F1, standard HMO and MUFB products. The new range comes with higher product fees, providing an alternative to Foundation’s existing 80% and 85% LTV fee-free options.  The new F1 products at 80% LTV include a two-year fixed rate at 5.09% with a 3% fee and a five-year fixed rate at 5.69% with a 4% fee. New F2 HMO products at 80% LTV include a two-year fix at 5.19% with a 3% fee and a five-year fix at…

As of 1:30 p.m. ET, the Nasdaq Composite (^IXIC +1.08%) rose 1.06% to 26,147, the S&P 500 (^GSPC +0.48%) gained 0.49% to 7,552, and the Dow Jones Industrial Average (^DJI 0.04%) edged up 0.04% to 52,520 as cooling inflation data offset a massive slide in a major blue chip tech component.Gold prices rose 2.23% to $4,095.00 as of U.S. market close, while the 10-Year Treasury yield climbed 0.06% to 4.62%, as Communication Services led all sectors and Energy lagged despite surging crude prices.Today’s biggest movesInternational Business Machines (IBM 24.30%) shares plunged 24% following a preliminary second-quarter earnings warning about a…

The debt move frees cash for urgent infrastructure repairs and winter preparations, after hundreds of wartime strikes damaged energy assets. The Naftogaz Group restructured eurobonds totaling nearly €1.2 billion. According to a press release from Naftogaz of Ukraine, the restructuring covered outstanding eurobonds and dollar bonds issued through Kondor Finance plc. The decision was supported by more than 90% of bondholders of each series. The restructuring was carried out in two stages: first – with a specially formed ad hoc group of international bondholders, and subsequently under the consent solicitation procedure that encompassed all bondholders without exception. Terms and consequences…

A new report by think tank the Urban Institute shows that almost 20% of shoppers ages 18 to 64 used their savings to pay for groceries last year.The data comes from the Urban Institute’s Well-Being and Basic Needs survey, which also revealed 63.2% of consumers used a credit card to pay for food. Over half paid the bill in full, while more than three in 10 paid less than the full balance but made the minimum payment for the month. Just under 14% did not always make the minimum payment for the credit card, accounting for 8.7% of total respondents,…

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BEVERLY HILLS, Calif., July 14, 2026 (GLOBE NEWSWIRE) — Kartoon Studios, Inc. (NYSE American: TOON) (“Kartoon Studios” or the “Company”), a global entertainment company creating, producing, distributing and licensing children’s and family content, today announced that it has received the initial cash payment of approximately $39.2 million from its previously announced litigation settlements.Following receipt of the initial settlement payment, Kartoon Studios has more than $40 million in cash and cash equivalents and no debt as of June 30, 2026 , providing one of the strongest balance sheets in the Company’s history. Importantly, the settlement proceeds were entirely non-dilutive , strengthening…