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Atmos Rewards Communities Are Now Live: Benefits for All 6 Groups


Atmos Rewards Communities Are Now Live

Alaska Airlines has officially launched its new Atmos Rewards Communities, giving members a way to choose a group that better fits how they travel.

The feature went live on October 1, 2026, expanding from the two existing resident-focused groups, to a total of six Communities. Members can join one group at a time and change Communities once per calendar year.

Atmos Communities are basically themed groups inside Atmos Rewards. Each one comes with extra perks such as bonus-point challenges, special flight deals, partner offers and discounts on select Atmos Rewards Unlocked experiences. Joining a Community is completely free.

Atmos Rewards Communities and Benefits

Global Locals

Best suited for members who travel internationally.

  • 10% bonus status points on international travel
  • Earn 1 status point for every 25 Atmos Rewards points transferred from an eligible partner
  • Earn up to 10,000 bonus points and status points after visiting 10 qualifying destinations
  • Exclusive flight deals
  • 20% off select Community-specific Atmos Rewards Unlocked experiences

Families on the Go

Built for families traveling with kids.

  • 20% points rebate on award flights for children age 12 or younger
  • Earn up to 10,000 bonus points and status points after visiting 10 qualifying destinations
  • Exclusive flight deals
  • 20% off select Atmos Rewards Unlocked experiences

Culinary Journeys

For travelers who like planning trips around food.

  • Earn up to 10,000 bonus points and status points after visiting 10 qualifying food destinations
  • Exclusive flight deals
  • 20% off select Atmos Rewards Unlocked experiences

Active Escapes

Geared toward outdoor trips and adventure travel.

  • Earn up to 10,000 bonus points and status points after visiting 10 qualifying destinations
  • Exclusive flight deals
  • 20% off select Atmos Rewards Unlocked experiences

Club 49

Available only to Alaska residents.

  • Free checked bags
  • Earn up to 10,000 bonus points and status points after visiting 10 qualifying destinations
  • Exclusive flight deals
  • 20% off select Atmos Rewards Unlocked experiences

Huakaʻi by Hawaiian

Available only to Hawaiʻi residents.

  • Free checked bags
  • 50% bonus points and status points on interisland travel starting January 1, 2027
  • Earn up to 10,000 bonus points and status points after visiting 10 qualifying destinations
  • Exclusive flight deals
  • 20% off select Atmos Rewards Unlocked experiences

Atmos Rewards Communities Benefits

Guru’s Wrap-Up

Atmos Rewards Communities are now live, and there’s really no reason not to pick one if you’re already in the program.

Some of the perks are more useful than others, but the 20% kids award rebate, extra international status points and the 10,000-point destination challenges stand out.

Just choose carefully since you can only switch Communities once per calendar year.

Is Michael Burry Right About MercadoLibre?


Michael Burry is one of the most followed investors working today. The longtime head of the hedge fund Scion Asset Management gained fame from The Big Short, when his huge bet on the housing crash paid off in 2008.

That tale established Burry as a top contrarian investor, and investors have followed his moves since. Burry shut down his hedge fund last year and now shares his thoughts and investments on his Substack. One of his most intriguing ideas this year has been MercadoLibre (MELI +9.67%). The stock is now down nearly a third from its peak in 2025, even as tech stocks and the S&P 500 are hovering around all-time highs.

The Latin American e-commerce star has been a top performer on the market since its IPO in 2007, but has struggled more recently due to concerns about competition, falling margins, and its risky venture into the credit business.

MercadoLibre got some good news on Monday as the stock popped 9.7% as Brazilian stocks rallied in response to Flavio Bolsonaro’s strong showing in yesterday’s election, as Bolsonaro is regarded as the pro-business candidate. However, Burry has been making his case for months.

Image source: MercadoLibre.

Why Burry is bullish on MercadoLibre

Burry has also gotten attention for short bets against Nvidia and Palantir, and that’s part of his thesis behind MercadoLibre. He believes investors have piled into popular AI stocks, leaving strong companies like MercadoLibre trading at bargain prices. He compared it to 1999, when the rush into tech stocks left quality names in other industries trading at attractive prices.

The contrarian investor also argued that management was making a smart long-term move by investing in areas like logistics, lower free shipping thresholds, and growing its credit business. He has cited MercadoLibre’s strong top-line growth as evidence that those investments are paying off.

MercadoLibre’s unbeatable track record

It’s understandable why MercadoLibre would pull back on lower margins, as competitors like Amazon and Sea Limited have stepped up their investments in the market.

However, one data point offers a good reminder of MercadoLibre’s prowess and its unrivaled growth potential.

It just became the first major company to grow revenue by 30% over 30 consecutive quarters, something no other large publicly traded company has done.

The company managed to do that by expanding its e-commerce business across Latin America, investing in its logistics service to support that growth, and scaling its MercadoPago fintech business in Brazil and Mexico. That growth streak is a tribute to management’s execution, the opportunity the company has in Latin America, and the potential it has in new businesses like credit.

MercadoLibre Stock Quote

Today’s Change

(9.67%) $164.05

Current Price

$1,860.61

Is MercadoLibre a buy?

The sell-off in MercadoLibre seems to signal that investors believe that its profit margin will be impaired over the long term or that competition will continue to eat into its market share and profitability.

However, I tend to agree with Burry that MercadoLibre’s investments are paying off in its growth rate, and it’s a mistake to assume the business is in trouble. Revenue jumped 50%, or 43% on a currency-neutral basis, to $10.2 billion in its second quarter, with strong growth in both fintech and e-commerce.

Meanwhile, key metrics like assets under management per user and items sold per buyer continue to move higher, showing the business continues to gain scale. Analysts also expect earnings growth returning next year, calling for earnings per share to jump nearly 50% to $55.95, meaning it’s trading around 33 times next year’s expected earnings.

That looks like a great price to pay for a company with MercadoLibre’s history of growth and its potential. The stock continues to look like a strong buy.

Mortgage Rate Lock-In Is Baaack


Everyone knows mortgage rates are a lot higher today than they were just a month ago.

We’re all aware that housing affordability has gone downhill quick as a result.

But one thing we might be forgetting is mortgage rate lock-in, the phenomenon where existing mortgage rates and market rates diverge sharply.

When the difference becomes wide enough, you get lock-in, a situation where existing homeowners no longer want to sell for fear of losing their low rate.

Or worse, no longer can sell because the math simply doesn’t pencil.

With Mortgage Rates Back Above 7.5%, the Housing Market Grinds to a Halt

With 30-year fixed mortgage rates back above 7.5%, the housing market is going to come to a standstill.

A lot of people are thinking about like it’s a home buyer issue. And it is. But it’s not just a home buyer issue.

It’s a home seller issue too. Why? Because most home sellers are also home buyers.

When they decide to list their property, they’re typically looking to buy a replacement home.

If mortgage rates are cost-prohibitive, they might decide against listing their property.

This is the essence of mortgage rate lock-in, where the gap between existing mortgage rates and current market rates grows too wide.

For example, a home seller who was pondering a sale might hold a 30-year fixed priced at 3.25% and decide to just stay put.

The Tradeoff Wasn’t Bad When Mortgage Rates Were Sub-6%

Back in March when 30-year fixed rates were just below 6%, the tradeoff wasn’t horrendous.

Especially if you consider the seller sitting on a good chunk of home equity thanks to surging home prices over the past decade.

Yes, they’d have to exchange a low rate for a significantly higher rate, but if they could snag say 5.875%, it might be palatable.

It might be something they can wrap their heads around.

But that was six months ago. Today, home sellers are facing rates well into the 7s again, something we haven’t seen since late 2023.

If you recall back then, we started talking about a new term called “mortgage rate lock-in.”

It was never an issue because rates had never experienced such sharp moves in short periods of time (other than perhaps in the early 1980s).

Fortunately, rates eased after rising to around 8% in late 2023, but now it appears we’re headed for a possible double-top for mortgage rates.

Trading a 3% Mortgage for an 8% Mortgage Might Be a No-Go

Assuming that transpires, you might be looking at a 30-year fixed back above 8%, and maybe close to 9%.

If you’re not a believer in mortgage rate lock-in (some aren’t), you might be if/when rates are that high.

After all, you’d be looking at a spread of six full percentage points in some cases.

Many would-be home sellers today locked their 30-year fixed below 4%, some even below 3%.

Asking them to trade in that rate for something that starts with an 8 seems like an absolute nonstarter.

And who can blame them really? Aside from it looking super unattractive, it might even be a matter of failing to qualify for the new mortgage.

[Compare different monthly payments with my new mortgage rate calculator.]

Your Low-Rate Mortgage Increases in Value as Rates Rise

In addition, as mortgage rates rise, the “value” of a low-rate mortgage increases.

You have to look at your fixed-rate mortgage as an asset of sorts in a rising rate environment.

As rates go up, a 3% mortgage carries more value. And vice versa.

This is why there’s even a pilot program where a lender will pay you to give up your low-rate mortgage.

Something to think about if/when you want to sell and hold a 2-4% fixed-rate mortgage.

What’s worse is if you sell today, you’re not only giving up a really low interest rate, you’re likely parting with the home for a discount too.

The only tiny silver lining is if the replacement home is on sale too.

Colin Robertson
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Exclusive-Accenture contractor removed from FBI following damaging data breach, sources say




Exclusive-Accenture contractor removed from FBI following damaging data breach, sources say

Un seul candidat a tenu 10 minutes face aux traders | The Candidate #2



🚨 4 nouveaux candidats tentent leur chance face à un jury composé de 5 traders.

🎯 Le principe est simple : chaque candidat doit tenir 10 minutes d’entretien face au jury. Mais à la moindre erreur, n’importe quel trader peut buzzer et mettre fin à l’entretien immédiatement.

✅ Parmi ces candidats, un seul a réussi à tenir les 10 minutes.

Qui a réussi à résister au jury ?
Et surtout… les traders avaient-ils deviné sa véritable école ?
👉🏼 Réponse dans cet épisode de The Candidate. 🚨

Publicité – Commencez à investir intelligemment avec IG ! Ouvrez votre compte et IG vous offre jusqu’à 150 € d’actions :
Conditions :
Ce contenu ne constitue pas un conseil en investissement. Tout investissement comporte un risque de perte en capital. Les performances passées ne préjugent pas des performances futures.

🎯 Vous souhaitez préparer sérieusement vos entretiens en finance (M&A, Private Equity ou finance de marché) ? Prenez rendez-vous gratuitement ici :
👉

🚀 Et si vous souhaitez participer à la prochaine édition ?
👉
👉 candidat@thefinancegames.com

🔔 Abonnez-vous pour retrouver chaque semaine un nouvel épisode.

⏱ Chapitres :
0:00 Introduction & règles du jeu,
0:44 1er Candidat : Benjamin,
02:18 Défendre le trading lors d’un repas de famille,
5:51 La superficie de la France,
12:30 Contango ou backwardation,
16:49 Appel à un ami : La VaR
27:26 Le dilemme : 1 milliards ou 0.10$

source

[Targeted] AmEx Offers (Marriot Cards): Earn Extra 4x Points On Supermarket Purchases


The Offer

No direct link, targeted offer

  • Earn an additional 4 Marriott Bonvoy points for each dollar spent on qualifying purchases made using your enrolled eligible card in-store or online at a U.S. supermarket by 1/31/27. Limit of 5,000 Marriott points. 

Our Verdict

Not sure if this will show on the Bevy that already earns 4x on grocery or not. Could be useful for people meeting the spend requirement for free night certificates but otherwise not a great offer as so many other cards offer high rates at grocery stores. 

Hat tip to reader Enrico

View more Amex offers here & if you have any questions about American Express offers then read this post.

Texas businessman gets 13 years in federal prison as feds seize his 90+ exotic cars to repay victims



Nicolas Cage’s 2000 cult classic Gone in 60 Seconds took a minute. Clayton Lloyd Iley will be gone for 160 months.

The 41-year-old Stephenville, Texas, businessman was sentenced to more than 13 years in federal prison for wire fraud and aggravated identity theft, the U.S. Attorney’s Office for the Northern District of Texas said. Prosecutors say he paid for more than 90 exotic and collector vehicles with money from his scheme.

Iley ran an insurance brokerage out of Cross Plains, Texas, and from January 2020 through May 2026, prosecutors say he also moved money through two companies he controlled, including Spartan Global Security, which did business as “Black Eagle PMC” and offered private military contracting services.

He told victims he could invest their money in a “Bonded Note” loan program that the Defense Department supposedly offered to private military contractors. The program didn’t exist, and instead, he collected more than $2 million and spent it on personal expenses and other parts of the scheme.

He also took premium payments from insurance clients and never opened their policies. Prosecutors say he then handed victims’ personal information to banks to get credit cards in their names without their knowledge. He ran the charges through Spartan Global’s accounts as business receipts and used the cards to pay personal bills and make payments toward the cars.

“Clayton Iley’s conduct caused real financial and emotional harm to the victims he targeted, many of whom trusted him with their personal information and hard‑earned money,” said U.S. Attorney Ryan Raybould.

“This sentence reflects our commitment to holding fraudsters accountable. Those who steal from members of our community, manipulate them with fabricated schemes and misuse their identities will face significant federal consequences.” 

A lawyer for Iley could not be reached for comment, but Iley pleaded guilty in June, and a U.S. district judge imposed the 160-month sentence on Oct. 1.

The muscle car collection

As part of his plea agreement, Iley agreed to forfeit more than 90 exotic and collector vehicles bought with money from the scheme. As of July, investigators had seized 22 of them, according to DOJ’s announcement.

The collection reads like a car show. Investigators seized at least seven Lamborghinis, Ferraris and Maseratis—including a 2012 Aventador, a 2015 Huracán, two Ferrari 488s and three Maserati MC20s, which Fortune estimates are worth $1.3 million to $2.1 million combined based on current listings.

The list also has two Dodge Vipers, a Porsche Taycan, a Mercedes-AMG coupe, a Jeep Gladiator and a Ram pickup, plus a throwback garage: a 1968 Firebird, a 1979 Trans Am, three Camaros and a 1973 Plymouth. A Humvee and two military trucks round it out. Fortune’s estimate for the roughly two dozen vehicles DOJ has named is $1.8 million to $3.1 million. DOJ has not released values, and most of the 90-plus cars have not been named.

Authorities will sell the vehicles to pay restitution to victims.

Generative AI was used for research assistance and/or transcription of this article. The reporter independently reported and verified the factual claims in this article, and a human editor reviewed it before publication.

UMG is now managing 130+ artists in Southeast Asia


Universal Music Group‘s team is now managing more than 130 artists across Southeast Asia. 

That’s according to Adam Granite, CEO of UMG’s Africa, Middle East and Asia (AMEA) division, who said the region is “one of the key epicenters for global virality”, with “a lot of global songs and hits” starting there.

UMG has expanded its professional artist management capabilities in the region in recent years, alongside additional expansion in its heartlands of recorded music and music publishing.

Granite was speaking in a fireside session titled “Music is Universal, A Look at the Region’s Exciting Musical Future” at the Music Matters strand of the All That Matters conference at the Hilton Singapore Orchard on Monday (October 5).

UMG says labels face an “ever-increasing need” to evolve their offer to artists and songwriters, and Granite said artist management was the service most lacking in the region.

“One of the things we noticed during this phase that was really lacking here was the management service,” said Granite. “You know, I think gone are the days where you would do a traditional ‘360’ deal and the record label would show up on album release date.

“Today we think those deals should probably be called ‘365’ deals because it’s really about being there throughout the year for those artists. Across South-East Asia we’re now managers to over 130 artists – that’s us providing a service artists have been asking for.”

“Across South-East Asia we’re now managers to over 130 artists – that’s us providing a service artists have been asking for.”

Adam Granite, UMG

Granite last spoke at the Singapore conference in 2019, when he announced the launch of Def Jam South East Asia and Astralwerks Asia.

“I’ve worked with our SEA CEO Calvin Wong to really build out our label infrastructure organically and through M&A, and strategic partnerships,” he said of the years since.

“I’ve always wanted us to be deeply embedded in all the corners of the region because I think that’s what’s needed to truly understand the trends, spot growing genres, and make the most of opportunities. Calvin and I have always been aligned on having a comprehensive presence.”

Wong is CEO of Universal Music Southeast Asia & Korea and SVP, Asia.

In June, UMG took a minority stake in Thai distribution and publishing company Solution One, following its acquisition of the RS Group recorded music catalog in 2024 and a minority stake in independent label What the Duck in March.

Granite also pointed to Universal Music Singapore’s three-year memorandum of understanding with the Singapore Tourism Board, signed on May 8.

“Our partnership with the Singapore Tourism Board is a great example of our role within the ecosystem,” he said. “We’re helping create a platform that serves artists and elevates Singapore as a go-to destination.

“Whether it’s helping local artists build their presence regionally, or American artists reach new audiences, it all elevates Singapore and the music ecosystem.”

Granite said both music and audiences are driving the region’s growth.

“I would say Asia has benefited from the growth of K Pop, J Pop and now C Pop emerging from China as well, which is really leading the way,” said Granite. “But I think what is also really driving the growth here is you have such a young, engaged, mobile first demographic, which has really leapfrogged the home broadband phase of penetration and that has led to a hyper social, incredibly engaged economy.”

He added: “For example, five South East Asian markets alone account for 1.2 billion platform MAUs – an outsized footprint for a region with a population comparable to Europe, and Indonesia has the most MAUs in the world for TikTok, which is pretty incredible.”

“This region has a hyper mobile, socially engaged audience and is one of the key epicenters for global virality,” Granite said. “And you see a lot of global songs and hits start in this part of the world and that really opens up exciting opportunities because it’s not just the artists in this part of the world that have noticed clearly. Global superstars now look to this region and lean in here.

“And actually what that then leads to is a healthy two-way street which is emerging where you have these western artists who are engaging with these markets to tap into that virality. But the local market can then also engage with those Western artists to help build audiences overseas too. So it’s a really healthy two way street that’s evolving.”

“Five South East Asian markets alone account for 1.2 billion platform MAUs – an outsized footprint for a region with a population comparable to Europe.”

Adam Granite, UMG

“This repertoire is now traveling the world like never before,” said Granite. “We saw it with reggaeton, we saw it with K pop. Language is not the barrier it used to be.

“Here’s a perfect example: the number two market in the world for Vietnamese repertoire is the US. You know, that simply wasn’t possible before streaming. Incredible.”

Granite added: “We’re seeing entire new genres and subgenres emerging right before our eyes. It’s a sign of the dynamism of the music ecosystem that whole new subgenres are developing as we speak.”

“The gatekeepers are gone – Kpop has broken down the barriers for repertoire from this region traveling the world,” said Granite.

The session followed a performance by Malaysian girl group DOLLA, signed to Universal Music Malaysia.

UMG describes DOLLA as Malaysia’s number one idol group. The trio are due to perform at The A Festival in Paris on October 24 and 25.

On generative AI, Granite said it is still too early to judge the technology.

“Well first, let’s not call the game in the second inning – it’s still very early days for this technology,” said Granite. “Around the world I hear fans say they want to hear real music, by real artists, and they want to experience that in real life.

“I think the future of music will remain as it is today – focused on human artistry. But we think genAI is an opportunity – for us and for artists.”

Granite added: “I want to say that we believe deeply that the future is centered around human artistry. And we are very happily working with some of the most significant partners in music in the world and technology partners in the world who share that belief.

“Companies like Spotify, Nvidia, and ElevenLabs, which is a new partnership we just announced. So really focused on an artist centric future.”

UMG announced a multi-year licensing agreement with ElevenLabs on September 10, under which ElevenLabs will launch an AI-powered music platform for fans.

Asked about AI slop, Granite said: “AI presents a challenge here. We have to work with partners and the entire industry to ensure that the ecosystem remains healthy.

“And that means being clear on our expectations with distributors and working with our partners and the platforms to ensure that the future is not filled with slop.”

UMG sued DistroKid on September 15, alleging that the distributor is “flooding platforms with AI-generated ‘slop’”.

DistroKid was among the distributors that had not signed the IFPI‘s Streaming Integrity Initiative at the time of its launch on September 14.

Granite closed: “We may want to rename this part of the conference Human Music Matters!”Music Business Worldwide

New-home rebates can reach $130,000, but will the money be there at closing?




Tax relief can reduce the cost of a new home, but rebate timing and lender treatment can affect the cash buyers need to close.