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The IPO could be as early as the second half of 2026, or it may be delayed a quarter or two to 2027, depending on the overall stock market. At $1 trillion, it would be worth as much as Berkshire Hathaway.

If anyone needs proof that the AI-driven stock market is frothy, it is this $1 trillion figure. In the first half of the year, OpenAI lost $13.5 billion, on revenue of $4.3 billion. It is on track to lose $27 billion for the year. One estimate shows OpenAI will burn $115 billion by 2029. It may not make money until that year.
https://finance.yahoo.com/news/openai-1-trillion-ipo-141519224.html

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The private-credit arm of BlackRock Inc. and other lenders are racing to recover hundreds of millions of dollars after falling victim to what they’ve described as a “breathtaking” fraud - the latest sign of weakness in an opaque corner of the U.S. debt markets.

The lenders, led by HPS Investment Partners, which BlackRock acquired earlier this year, accused businessman Bankim Brahmbhatt of fabricating invoices and accounts receivable that he used as collateral for loans totaling more than $500 million to his telecom-services firms, Broadband Telecom and Bridgevoice.  The alleged scheme is now the subject of an August lawsuit and multiple bankruptcies.

Brahmbhatt, through his attorney, has denied the fraud allegations to the Wall Street Journal.  The dispute centers on asset-based financing, a type of private credit deal where lenders extend funds secured by cash flows or receivables from the borrower’s business. The market has ballooned alongside the broader private-credit boom, now topping $1.7 trillion globally, as nonbank lenders rush to fill a void left by traditional banks. strong>But a series of collapses, which include the headline-grabbing bankruptcies of First Brands and Tricolor Auto Group, both accused of pledging questionable assets - has raised concerns that private lenders’ due-diligence standards are being stretched thin. The unraveling of those companies has stoked warnings from finance industry titans including JPMorgan Chase & Co.’s Jamie Dimon, who cautioned that one “cockroach” likely portends more. Private credit executives such as Blue Owl Capital Inc.’s Marc Lipschultz pushed back, saying that the firm isn’t seeing rising defaults and noting that the highest-profile issues were in lending that banks led. -Bloomberg

https://www.zerohedge.com/personal-finance/breathtaking-fraud-blackrock-ripped-500-million-curious-case-bankim-brahmbhatt

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Lebanese President Orders Army to Confront Israeli Incursions After Deadly Raid 

For a country that’s the target of on-again, off-again Israeli invasions, the Lebanese military has historically had little to no involvement in actually fighting them. That may be about to change, however, following a deadly Israeli raid on the Lebanese border town of Blida overnight.

Israeli ground troops crossed the border and entered a municipal building, where they stayed for roughly two and a half hours. Locals reported hearing screams from the building, and after they withdrew, the body of a municipal worker was recovered.

The worker, identified as Ibrahim Salameh, was reportedly sleeping at the facility when the IDF arrived and killed him. The IDF confirmed the incident, but claimed the sleeping “suspect” posed an immediate threat to the invading troops.

https://news.antiwar.com/2025/10/30/lebanese-president-orders-army-to-confront-israeli-incursions-after-deadly-raid/

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Gold just passed $4,000. Silver is closing on $50. The currencies of the world are burning. The final phase of the monetary system has begun.https://citizenwatchreport.com/gold-just-passed-4000-silver-is-closing-on-50-the-currencies-of-the-world-are-burning-the-final-phase-of-the-monetary-system-has-begun/------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
China is portrayed as the winner in this week’s agreement with the US, but the reality is that China desperately needed a deal. You just have to look at how Chinese goods are flooding countries around the world to see the damage US tariffs are causing…https://citizenwatchreport.com/china-hailed-as-winner-in-the-us-trade-agreement-while-the-flood-of-chinese-goods-shows-it-was-fighting-tariff-damage-not-celebrating-triumph/---------------------------------------------------------------------------------------------------------------------------------------

Ohio Secretary of State Frank LaRose says he’s found 1,084 alleged cases of noncitizens who appear registered to vote and is referring them to the U.S. Department of Justice (DOJ) after county prosecutors failed to act.

LaRose said his office has also uncovered instances of 167 people who have allegedly voted in a federal election as far back as  2018.

“In these cases, the county prosecutor has decided for whatever reason not to take them up. In some cases they’ve been referred to the attorney general as well, and we’re sending them along to the federal government to see if they want to prosecute these cases,” LaRose said.

LaRose had asked county prosecutors to act on 633 cases of suspected voter fraud last year but prosecutors took up just 12 of them, saying the others lacked evidence to pursue indictments.

The number of election fraud allegations in Ohio are a direct challenge to Democrat claims that noncitizens registering to vote in U.S. elections never happens

https://www.zerohedge.com/political/ohio-sec-state-refers-1084-cases-suspected-fraudulent-voter-registration-doj

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Reform chief's outrage after schools compare the party to Nazis in lessons on extremism... and tell pupils to rely on 'trusted sites like the BBC and Guardian' instead of the Mail 

Reform UK has demanded an investigation after teachers at a group of leading state schools made ‘inappropriate and slanderous’ comparisons between the party and the Nazis. Richard Tice, Reform’s deputy leader, complained after discovering that staff at the Orion group, which runs eight academy schools in south London, used a picture of him in teaching materials to illustrate ‘extremism’ – defined as activities which ‘reject British Values’. The materials also placed Reform to the right of Ukip and next to the BNP and the Nazis at the ‘fascism’ end of an illustration on the Left-wing/Right-wing political spectrum of beliefs.

https://www.dailymail.co.uk/news/article-15249817/Reform-school-party-Nazis-lessons-extremism-pupils.html

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