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nlfc reinsurance corp

A Bank Sells Part of Itself for a Big Payday

June 13, 2026

United Community Banks just agreed to sell its equipment finance division for $1. 9 billion in cash. The two subsidiaries being sold—Navitas Credit Corp. and NLFC Reinsurance Corp. —have been a headache for the bank lately. They make up only 10% of the loans but have caused half of the bank’s losses

finance

Musk’s SpaceX IPO Turns Him Into a Trillion‑Dollar Billionaire

June 12, 2026

SpaceX’s public debut on Thursday raised $75 billion, putting the company’s valuation at about $1. 5 trillion. That jump pushes Elon Musk past a trillion dollars in net worth, making him the first person ever to reach that figure. The record‑breaking offering shows how eager investors are to back Mu

crypto

LG Electronics Builds Its Own Blockchain for Ads

June 12, 2026

LG Electronics is taking a bold step by creating a new blockchain to manage online advertising. The system will let ad buyers and sellers share a single, transparent database that tracks how people interact with ads. To make this happen, the company teamed up with Arbitrum, a layer‑2 solution built

technology

Claude Corps: A New Way to Help Nonprofits with AI

June 12, 2026

A company called Anthropic is taking a fresh approach to help nonprofits make the most of artificial intelligence. Instead of just donating money or tools, they’re investing in people. Through a new program called Claude Corps, they’ll place 1, 000 young professionals with nonprofits for a year. The

business

A Local Pizza Spot Ends a Half-Century Run in the D. C. Area

June 12, 2026

For five decades, a beloved pizzeria in the D. C. suburbs served up more than just food—it became a gathering spot for generations. Now, after 50 years, the last location of this family-run Chicago-style deep dish restaurant is shutting down for good. The owners blame rising costs and tough competit

technology

Canada Tech Fest: Where Money Meets New Ideas

June 12, 2026

Every summer, Canada turns into a giant playground for people who love the future of money and smart machines. In late July 2026, a whole week will be packed with talks, games, and meetups about crypto, blockchain, and AI. It’s not just one big party—it’s a place where bankers, tech builders, and cu

health

Kids on Life‑Support: How Blood Tests Spot Hidden Infections

June 11, 2026

The study looks at children who need a life‑saving machine called extracorporeal membrane oxygenation, or ECMO. Doctors often worry that these kids can catch infections while staying in the hospital. They wanted to know which blood test gives the quickest hint that an infection has started. T

politics

U. S. Targets China and Hong Kong Firms Over Iran Arms

June 11, 2026

The United States announced new sanctions on Wednesday, naming 11 individuals and companies that helped Iran’s military acquire weapons. Most of those hit are based in China and Hong Kong, where they arranged purchases for the Islamic Revolutionary Guard Corps. One Hong Kong firm also ran a covert b

entertainment

Facebook’s “Truth‑Teller” Drama Hits Screens

June 11, 2026

Sony Pictures has released a teaser for the upcoming film “The Social Reckoning, ” which promises to revisit Facebook’s controversial history from a fresh angle. The movie centers on Frances Haugen, a former engineer who exposed hidden data to the public in 2021. She is portrayed by Mikey Madison, w

finance

Can betting on reality TV cross into foul play?

June 11, 2026

Prediction markets aren’t just about guessing sports games anymore. A major financial watchdog now wants to know if betting on reality shows like Survivor or talent competitions is fair game—or if it’s a form of cheating in disguise. The agency in charge claims sports betting is fine, but TV contest