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Canada’s long-term bond auction draws highest yield since 2007




Canada auctioned long-term bonds at the highest yield in 19 years, as upside inflation risks create higher borrowing costs for governments around the world.

Widow of Roblox member allegedly taken for $6 million trying to buy out man from his escort contract



Marianne Flippo paid a male escort roughly $635,000 for eight months of exclusive companionship. Then, according to a lawsuit filed this week in Manhattan Supreme Court, he and his agency allegedly told her the only way to make the arrangement permanent was to pay $10 million to buy him out of his contract.

“I now recognize that I was the victim of a horrendous scheme by Starr who is a sociopath who lacks any conscience,” Flippo said in a sworn affirmation filed with the court.

The suit names the escort as Gregg Starr, an employee of an agency called Cowboys 4 Angels, and describes Marianne as newly widowed, managing money alone for the first time, and living with a rare genetic disorder that heightened her vulnerability to drugs and alcohol. Court documents allege Starr built her trust before defrauding her of nearly $6 million.

During a February 2026 trip to visit Starr’s mother, who suffered from dementia, two agency employees showed up unannounced and pressed Flippo to drink at lunch, despite knowing she was on medication for a recent surgery. The two ordered shots for the table, and after roughly five drinks, they produced an “Exit Agreement” requiring her to pay $10 million to end Starr’s ties to the agency.

“While I was drunk and confused (all of which was exacerbated by my medications and medical condition), Starr and Collins began to press me to sign the Exit Agreement,” Flippo said in her affirmation. She says she was taken to a hotel room and had never seen the document before that day. The agreement states that “under no circumstances has physical companionship been purchased for consideration.”

Flippo tried twice to wire the $10 million, but both attempts were independently flagged as suspected fraud, first by JPMorgan Chase and then through Westpac. Starr then directed her to open a joint account at Charles Schwab, which she says let him access funds without triggering a bank’s fraud review. She transferred $5.95 million into that account, and bank records filed with the court show Starr moved $5,719,010.37 of it into an account in his name alone within weeks, draining the balance to $12.61 by the end of June.

A circumstantial meeting

Flippo suffers from vascular Ehlers-Danlos syndrome, a rare genetic disorder that makes her blood vessels and organs prone to tearing and leaves her unusually sensitive to alcohol and medication. In December 2024, still grieving the loss of her husband, Chad, and needing to travel to Italy for a medication that had become unavailable in the U.S. because of the war in Ukraine, she asked a former colleague of Chad’s for help finding an Italian-speaking companion.

Chad joined Roblox when it was still a startup—years before it became the multibillion-dollar gaming platform used by tens of millions of children worldwide—earning multiple patents and building what Flippo describes as “a substantial amount of wealth.” Battling with depression, Chad died by suicide in August 2024. The two had been married 28 years, had three children, and were together since they met at 13.

Flippo was referred to Cowboys 4 Angels, which paired her with Starr. At first, she believed the company provided personal assistants but now says she learned it is an escort agency. Despite staying in separate rooms, Starr made advances toward her on the trip, which she turned down, and she paid the agency $27,000 for his assistance, split into three $9,000 payments she now believes were structured to avoid IRS reporting requirements. The agency kept calling afterward and told her Starr missed her. An employee named Bridget Collins became, in Flippo’s account, a trusted confidante who encouraged her to reconnect with him.

By March 2025, Flippo agreed to pay roughly $150,000 for Starr to be “exclusive” with her, but broke up with him that October after learning he was seeing an ex-girlfriend. But the agency kept calling, and she eventually agreed to speak with him again. By December 1, 2025, Starr moved into her Upper West Side apartment, and she signed a formal “Independent Contractor Agreement,” paying $368,000 for his companionship through May. The contract states Starr would serve as her “male companion” for an average of 16 days a month; that the arrangement “do[es] not include sexual acts of any kind;” and includes a clause requiring the money be returned if Starr cheated on her with that same ex-girlfriend. In January 2026, she paid another $90,000 to extend the exclusivity period.

Her illness runs through nearly every filing. People with vascular Ehlers-Danlos syndrome have an average life expectancy of 48 to 51 years; Flippo is 49. After surgery in early 2026, she was prescribed gabapentin and codeine, which she says left her “in a compromised mental state” for months, worsened by a severe infection in both arms. It was during this period, her complaint alleges, that Starr and Collins began telling her he needed $10 million to buy his way out of his contract.

“Unfortunately, I was not capable or perceptive enough to know these statements were false but, since I loved and trusted Starr, I relied on what he said. I now realize I was foolish,” Flippo said in her affirmation. And so the $5.95 million was transferred.

Flippo was already a client of Larry Hutcher for unrelated legal matters when Starr’s demand for an additional $4 million came up, according to her affirmation. Hutcher says he looked into what had happened and concluded she “was the victim of a horrific scheme.” She didn’t see it that way, and Hutcher said she was still “under the Svengali-like control of Starr.”

Starr, meanwhile, had retained his own attorney to draw up an agreement for the additional funds, and Hutcher arranged a July 7 meeting at his office to address it. Starr believed the meeting was to negotiate the $4 million; instead, Hutcher confronted him and said “he was shamelessly and criminally exploiting Marianne’s vulnerabilities and had defrauded her out of $5,950,000 and that no further money would be paid.” Starr, according to both affirmations, became visibly angry and threatened to abscond with the $5.95 million already taken if she didn’t pay the rest.

“In my fifty (50) years of practice I have never seen the type of outrageous conduct that exists in this case,” Hutcher said in his affirmation.

New Bill Would Limit International Student Athletes To 20% Per College Team, Starting In 2029


House Education Committee Chairman Tim Walberg (R-Mich.) and Sen. Jon Husted (R-Ohio) introduced the TEAM USA Act (PDF File) on September 14, 2026. The bill would ban any college that takes federal student aid from putting more than 20% international athletes on the official roster of any varsity team. Teams with fewer than 10 athletes would be limited to a single international player. Every school would also have to report each team’s international share annually to the Education Department and its athletic association, on top of the existing Title IV reporting rules.

The enforcement mechanism is what’s important here. A school that goes above the cap on even one team would potentially lose access to Pell Grants and Federal student loans.

The cap would take effect July 1, 2029, starting with the 2029-2030 academic year.

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Why It Matters

Athletic scholarships are one of the few forms of financial aid that can cover full tuition. According to the committee’s press release, Division I and II schools award more than $4 billion in athletic aid each year to over 197,000 athletes, meanwhile only about 2% of American high school athletes ever receive one.

The bill’s sponsors say international athletes on scholarship have nearly tripled since 2001, from about 8,945 to roughly 25,000, and they frame that growth as a direct trade-off against athletic scholarships for U.S. students.

The numbers vary widely by sport. Testimony at a House subcommittee hearing on September 16 put the international share of college tennis above 60%, hockey around 40%, and men’s soccer above one-third. In Division I women’s hockey, 469 of 1,134 players in 2025-26 were international, and 37 of 45 programs would have exceeded the 20% cap.

Across all of NCAA sports, though, Inside Higher Ed reports international athletes are about 4% of participants, and 7% in Division I. For families weighing niche sports as an admissions path, the bill would reshape recruiting in exactly the sports where that strategy works best.

The Details

The bill’s definition of “international student athlete” is broader than a visa check. International students already cannot receive federal student aid, so the penalty falls on the school’s Title IV access, not on the athlete’s own aid package. The definition covers anyone who is:

  • Not a U.S. national or lawful permanent resident, or
  • Receiving, or has ever received, a salary, scholarship, or other athletic financial assistance from a foreign Olympic or Paralympic committee.

That second part means a U.S. citizen with dual nationality who took a training stipend from another country’s Olympic committee would count against the cap, even if they hold an athletic scholarship like any domestic recruit.

The Olympic framing runs through the whole bill: the findings note that 65% of Team USA at the 2024 Paris Games had NCAA ties, but of 1,036 NCAA-affiliated athletes in Paris, only 385 competed for the United States.

Other provisions worth knowing, from the bill text:

  • The cap applies per team, not per athletic department, so a school cannot offset a heavily international tennis roster with an all-American football team.
  • “Varsity sports team” is defined as any group a school organizes for intercollegiate competition, which sweeps in NAIA and junior college programs as long as the school takes Title IV aid.
  • “Athletic association” is defined broadly enough to cover the NCAA, NAIA, and conferences, but excludes professional leagues.
  • There is no waiver, phase-in, or grandfather clause for athletes already enrolled when the rule takes effect.

The bill has no cosponsors listed yet and has not been scheduled for committee markup. Similar state-level proposals in Ohio, Idaho, and Oklahoma have not passed. This is the first federal attempt, and the first to use Title IV eligibility as the enforcement tool rather than NCAA rules.

How This Connects

This comes during a year of major changes for international students. The Department of Homeland Security’s rule capping student visas at four years already leaves a one-year gap against the NCAA’s five-year eligibility clock, and colleges are suing to block it. It’s currently paused but the court case is ongoing.

International applications fell 10% this year, and some universities have cut programs as international graduate enrollment dropped. Athletics was one of the last areas where international recruiting was still growing.

It also intersects with the money now flowing to athletes. Husted tied the bill directly to NIL, arguing that revenue sharing gives foreign athletes more incentive to “cash in on the American system.” With revenue sharing at $21.3 million per school and public universities like UCLA and Berkeley paying athletes $41 million in a single year, the question of who gets those roster spots carries real dollars.

Note that international athletes on F-1 visas already face limits on earning NIL income in the U.S., which the bill does not address.

The Title IV lever is the pattern to watch. Congress and the Education Department have spent the past year attaching new conditions to federal aid eligibility, from earnings tests for degree programs to the broader financial aid overhaul that took effect July 1. A roster-composition rule enforced through financial aid access for the college would extend that approach into athletics for the first time.

What’s Next

The bill needs a committee vote in both chambers, and the July 1, 2029 effective date gives Congress two full sessions to act. Watch for whether it gets folded into broader college sports legislation, which Husted signaled by linking it to the NIL debate, and for whether the NCAA, which has not commented publicly, pushes for a per-department cap or a grandfather clause instead.

Schools with heavy international rosters in tennis, hockey, soccer, and track would have three recruiting cycles to adjust if the bill moves.

Editor: Colin Graves

The post New Bill Would Limit International Student Athletes To 20% Per College Team, Starting In 2029 appeared first on The College Investor.

US Treasury’s Bessent plans to discuss AI and rare earths with China’s He, source says




US Treasury’s Bessent plans to discuss AI and rare earths with China’s He, source says

Visa and Mastercard $167.5M ATM Fee Settlement: File a Claim by February 10


$167.5M Visa, Mastercard ATM Fee Settlement

Visa and Mastercard have agreed to pay a combined $167.5 million to resolve claims that they violated federal and state antitrust laws by restricting how independent ATM operators could set surcharge fees. Visa will contribute $88.775 million, while Mastercard will contribute $78.725 million. Both companies deny wrongdoing.

The settlement covers certain consumers who paid unreimbursed access fees at independent ATMs over a period stretching from 2007 through 2026. Payments will vary based on the number of qualifying transactions submitted and the total number of valid claims.

Who’s Eligible

You may be eligible if you were charged an access fee for a cash withdrawal at an independent, non-bank ATM between October 24, 2007 and August 14, 2026, and your bank did not fully reimburse that fee.

Separate statewide classes also apply to individuals in California, Illinois, Massachusetts and Michigan.

Settlement Payout

Class members will receive a proportional share of the net settlement fund based on the number of qualifying ATM surcharge transactions they submit.

There is no fixed payment amount at this time. Final payments will depend on the number of approved claims and qualifying transactions.

Filing a Claim

To receive a payment, eligible class members must submit a valid claim by February 10, 2027.

The settlement says supporting documentation can include bank statements, receipts or other records showing qualifying transactions.

The deadline to object to or exclude yourself from the settlement is December 11, 2026, and the final approval hearing is scheduled for February 17, 2027.

Settlement Details

  • File claim here: Non-Bank ATM Surcharge Settlement Claim Form
  • Potential Award: Unknown
  • Proof of Purchase Required: Bank statements, receipts or other documentation of qualifying transactions
  • Settlement Pool: $167.5 million
  • Filing Deadline: February 10, 2027
  • Final Approval Hearing: February 17, 2027
  • Case: Burke v. Visa Inc., et al., Case No. 1:11-cv-01882, U.S. District Court for the District of Columbia

From Universal suing DistroKid (for the first time) to UMG and Sony suing Suno (again)… it’s MBW’s Weekly Round-Up


Welcome to Music Business Worldwide’s Weekly Round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s Round-up is exclusively supported by BMI, a global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music.


It’s raining lawsuits!

This week, Universal Music Group sued DistroKid, the world’s biggest music distributor by volume, accusing it of deceptive trade practices, copyright infringement, and flooding platforms with AI-generated “slop.”

Meanwhile, today (September 18), MBW learned that UMG and Sony Music Group are jointly suing Suno for a second time – alleging that the AI platform’s new V6 model is “fruit from the same poisoned tree.” Some $9 billion in damages might be at stake.

Elsewhere this week, Believe and TuneCore pledged not to feed artists’ music to Suno without an explicit opt-in, insisting that “the artist must consent first, period.”

Plus: Fever, owner of DICE, raised $250 million in a round led by EQT, valuing the live-entertainment company at approximately $5.2 billion.

Here are five of the biggest headlines from the past few days…

1. Universal Music Group sues DistroKid, accusing it of ‘unlawful practices’ and ‘flooding platforms with AI-generated slop’

Universal Music Group is suing the world’s biggest music distributor by volume, DistroKid.

In its lawsuit, UMG, the world’s largest music rights company, alleges that DistroKid has “engaged in both deceptive trade practices and blatant copyright infringement”.

Key parts of UMG’s suit center on DistroKid’s alleged involvement with AI-made music. (MBW)


2. Universal and Sony sue Suno for a second time, claiming platform’s v6 models are ‘the fruit of the same poisoned tree’

Universal Music Group and Sony Music Entertainment have sued Suno for a second time.

The joint complaint, filed on Friday (September 18) in Boston federal court, accuses the AI music company of copying 60,202 of the labels’ sound recordings, without a license, and using them to build the models that run its music generation service.

The new filing against Suno, obtained by MBW, can be read in full here. (MBW)


3. DICE owner Fever raises $250M led by EQT, at a $5.2B valuation, in ‘largest ever’ round for a live-entertainment tech company

Live-entertainment platform Fever has raised USD $250 million in a primary equity financing round.

The round was led by EQT, a new investor in the company, with participation from fellow newcomer Baillie Gifford, existing backer Point72 Private Investments, and other existing shareholders.

Fever, which owns UK-headquartered ticketing platform DICE, announced the financing on Thursday (September 17), describing it as “the largest ever for a live-entertainment tech company.” (MBW)


4. Believe and TuneCore won’t feed music to Suno without giving artists choice to opt in: ‘The artist must consent first, period.’

It’s been a big couple of weeks for Suno.

Last Tuesday (September 8), the gen-AI firm announced a new licensing agreement with Believe, adding to existing deals with Warner Music Group and BMG.

The next day, Suno introduced its V6 models, which the firm says were trained from scratch on a collection of copyrights from licensed partners. (MBW)


5. Apollo invests $1.25B in BMG subsidiary behind legacy Concord bonds, taking a minority stake

Apollo Global Management has provided a USD $1.25 billion equity investment tied to BMG, in a deal that allows the music company to repay debt secured against Concord‘s catalog.

Apollo announced the transaction on Thursday (September 17), a little over two weeks after BMG and Concord completed their merger on September 1 – a move which formed a combined company operating under the BMG brand.

Apollo-managed funds and affiliates have acquired what Apollo describes as a “noncontrolling interest” in a subsidiary of BMG that holds the legacy Concord asset-backed securities, backed by a catalog of over 1 million songs. (MBW)


Partner message: MBW’s Weekly Round-up is supported by BMI, the global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music. Find out more about BMI hereMusic Business Worldwide

The Dow Is Down for a Third Straight Week and the Nasdaq Is Somehow Up


Stocks drifted lower Friday as the 10-year Treasury yield climbed back above 5%, capping a week in which the Federal Reserve raised interest rates for the first time in three years.

The Nasdaq Composite (^IXIC -0.06%) slipped 0.1% as of 12:06 p.m. ET, the S&P 500 (^GSPC -0.17%) fell 0.2%, and the Dow Jones Industrial Average (^DJI -0.44%) dropped 0.4%. Only seven of the Dow’s 30 components traded higher.

^IXIC data by YCharts

Buffett steps back, and Wall Street shrugs

Let’s start with the bond market, because it sets the mood. The 10-year Treasury yield rose more than 5 basis points to 5.004%, back over a line it crossed earlier this week for the first time since 2007, and the 30-year hit 5.333%. When borrowing costs climb, stocks generally don’t.

Oil sent mixed signals. Iran struck another oil tanker in the Strait of Hormuz and President Trump said the “anything can happen” in the Iranian conflict. West Texas Intermediate rose about 1% to roughly $103 a barrel while Brent edged lower to just above $104, after a week that took the international benchmark near $110. Either way, U.S. diesel set another record at $6.44 a gallon, roughly 70% higher than a year ago.

The Securities and Exchange Commission (SEC) opened a regulatory path for tokenized stocks. The market effect was immediate. Bitcoin jumped more than 5% past $80,000, its first trip above that mark since Sept. 7. Coinbase rose 11%, Strategy added 12%, and Ethereum joined in with a 5.1% jump.

Index

Dow Jones Industrial Average

Today’s Change

(-0.44%) -229.27

Index Level

51,548.77

Back in the traditional indexes, Goldman Sachs (GS -0.98%) fell 1% and took 58 Dow points with it. On the other side, Broadcom (AVGO +2.10%) rose 2.4% and was the biggest single lift for both the S&P 500 and the Nasdaq Composite. Index weightings did more work than the price moves.

And in the understatement of the day, Berkshire Hathaway (BRKA +0.04%) (BRKB -0.09%) moved about 0.2% lower. The news? Investing legend Warren Buffett is stepping down as chairman at 96. He becomes chairman emeritus, his son Howard takes the chair, and Greg Abel stays on as CEO.

It’s the end of an era, but Wall Street shrugged and moved on, as investors saw this move coming all the way from Jersey City.

One week, two very different index stories

The week’s scoreboard explains more than Friday does. The Dow is down about 2% and headed for a third consecutive losing week, the S&P 500 is off roughly 0.5%, and the Nasdaq Composite is up about 0.3%. Wednesday’s rate decision and Thursday’s rebound produced most of that movement.

^IXIC Chart

^IXIC data by YCharts

The split says something. Technology led Thursday’s bounce even after the Fed signaled another hike is likely this year. Plenty of investors seem willing to look past expensive funding as long as the AI earnings story keeps delivering results.

That’s three straight losing weeks for the Dow, and the Nasdaq Composite still ground out a gain this time. One of those two is reading the Fed wrong. The next few weeks should sort it out.

Anders Bylund has positions in Ethereum. The Motley Fool has positions in and recommends Berkshire Hathaway, Broadcom, Ethereum, and Goldman Sachs Group. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.

About Nathaniel Jackson – MortgageDepot


Nathaniel Jackson is a dedicated Mortgage Loan Originator with a background in the mortgage industry, financial services, and client relations. His experience has given him a strong understanding of the mortgage process and the importance of providing borrowers with clear, reliable guidance from initial consultation through closing.

Known for his strong communication skills and client-focused approach, Nathaniel takes the time to listen, understand each borrower’s individual needs, and explain financing options in a straightforward and approachable way. His ability to build relationships, answer questions, and maintain consistent communication helps clients feel informed and confident throughout the home financing process.

Nathaniel is committed to providing attentive, professional service and working closely with each client to make the mortgage experience as smooth and manageable as possible. His combination of industry knowledge, financial experience, and focus on customer service allows him to serve as a trusted resource for borrowers throughout their home financing journey.

 

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