Anduril Isn't the Only One Building Air Force Drones
TL;DR: The U.S. Air Force is building two drone fleets worth roughly $15 billion combined: 500 Collaborative Combat Aircraft from General Atomics and Anduril, plus 500 cheaper Massed Modular Aircraft…
September 27, 2026
Could Europe's Data Centers Revive Nuclear Power?
TL;DR: Yes, and it's already happening. Google just signed a 22 year nuclear power deal in Finland at a roughly 60% premium to forward prices, per a report cited by Yahoo Finance. Europe's data centr…
September 27, 2026
US Debt Hits $40 Trillion. Yields Make It Worse
TL;DR: US debt hit $40 trillion this week as the 10 year Treasury yield jumped to 5.23%, its highest since 2007, and the 30 year hit 5.49%, its highest since 2004, per Hindustan Times and Fortune. A …
September 27, 2026
Private Equity's Growing Role in U.S. Insurance
I signed off on more than 1,000 QA jobs on a nuclear submarine. Every one asked the same question: who actually verified this, and what happens if they were wrong? That question belongs in your insur…
September 26, 2026
Can You Buy a Business With Your IRA? The UBIT Trap
The technical yes, and what custodians don't say next A self directed IRA can hold stock in a private company, including the company that runs a car wash, a laundromat, or a small manufacturing shop.…
September 26, 2026
IRA Investing: What a Self-Directed IRA Allows
Your Broker's Menu Isn't the Law. It's a Business Decision I spent years signing off on QA jobs aboard a fast attack submarine, where the rule was simple: verify before you trust. Nobody's word was g…
September 26, 2026
What Is a Management Fee Waiver in Private Equity?
A management fee waiver is an election a private equity general partner makes to forgo its annual management fee — typically 2% of committed capital — in exchange for an increased profits interest in
September 16, 2026
Coinbase Staking Review 2026: Yields and Custody Risk
Coinbase staking currently pays between 1.45% APY on Cardano and 13.89% APY on Cosmos, with Ethereum at 1.92% and Solana at 3.80%, per the platform's live staking rates page as of September 2026. The
September 16, 2026
Radical Ventures Launches Record AI Fund in Canada
Toronto-based Radical Ventures completed a first close of more than $1 billion USD ($1.4 billion CAD) for its new Radical Breakouts Fund on September 15, 2026, making it the largest venture capital fu
September 16, 2026
EquityZen vs. Hiive: Pre-IPO Secondary Markets in 2026
The pre-IPO secondary market hit a consolidation turning point in early 2026: Morgan Stanley closed its acquisition of EquityZen on January 27, 2026 and immediately cut buyer-side fees from 5% to 2.5%
September 16, 2026
What Is First-Loss Capital? Junior Tranches Explained
First-loss capital is the layer of a structured deal that absorbs every dollar of loss before senior investors take any hit. In a standard collateralized loan obligation (CLO), that layer is the unrat
September 16, 2026
Realty Income and KKR: The Capped IRR Equity Play
On September 14, 2026, Realty Income Corporation (NYSE: O) and KKR (NYSE: KKR) announced a new euro-denominated joint venture in which KKR-advised accounts will invest €528 million (approximately $609
September 16, 2026