Cybersecurity experts raise the alarm about AI agents and hacking vulnerabilities.
Cybersecurity experts raise the alarm about AI agents and hacking vulnerabilities.
Brannin McBee, the chief development officer of the firm, reported a sale of 197,000 shares of CoreWeave, Inc. (CRWV -0.97%) on August 10 for approximately $17.7 million, according to an SEC Form 4 filing, marking one of two such filings that day.
| Metric | Value |
|---|---|
| Shares sold | ~197,000 |
| Shares sold (directly held) | 144,000 |
| Shares sold (indirectly held) | 53,000 |
| Transaction value | $17.7 million |
Transaction value based on SEC Form 4 weighted average sale price ($89.73); post-transaction value based on the August 10 market close ($88.19).
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-11) | $90.32 |
| Market Capitalization | $50 billion |
| Revenue (TTM) | $6.2 billion |
| Net Income (TTM) | -$1.6 billion |
CoreWeave operates as a specialized infrastructure-as-a-service provider in the rapidly expanding generative AI compute market, with a TTM revenue base of $6.2 billion and a market capitalization of $50 billion. The company differentiates itself through purpose-built infrastructure optimized for AI workloads, offering enterprises an alternative to hyperscale cloud providers with dedicated GPU and compute resources. Despite current net losses reflecting significant investments in capacity expansion and market penetration, CoreWeave is positioned to capitalize on the structural growth in enterprise AI infrastructure demand.
Whether CoreWeave is worth buying comes down to a single question, and a co-founder cashing in options doesn’t answer it. McBee exercised 197,000 options for about $17.7 million on August 10, resulting in one of two Form 4 filings that day, yet he still holds a significant number of options across direct and indirect accounts, so his stake in the outcome is essentially untouched.
The bull case for investors is clearly immense growth. Revenue jumped 112% last quarter to $2.6 billion, the contracted backlog runs past $100 billion, and CoreWeave finally posted operating profit ahead of expectations, proof that its spending produces returns at scale. However, the bear case is also important. The company lost $626 million in the same quarter, and it carries roughly $35 billion in debt while leaning on a handful of huge customers to fill its backlog, so the economics remain a bit unproven even as the demand for now does not.
Ultimately, CoreWeave is a bet on execution. If it converts its backlog into cash faster than its debt costs pile up, the growth justifies the price. If it stumbles on capacity or a big customer pulls back, the leverage cuts the other way.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
After a punishing stock slide and a series of setbacks put his mortgage company under new scrutiny, billionaire Mat Ishbia addressed his critics directly.
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“UWM has never been stronger than we are today. Never,” he said in a four-minute video posted to LinkedIn. “From an AI, technology, operations, sales, broker channel — never been stronger. And now stronger from a capital and liquidity perspective. We’ve never been stronger than we are today.”
Ishbia delivered this pep talk during a weekly meeting with UWM Holdings Corp.’s clients and sales team in an attempt to quell any concerns about the resilience of the company. UWM shares fell by as much as 49% on Aug. 6 after
“People are like, oh, the stock, your company’s doing OK?” Ishbia told his audience. “Our company’s doing as good as it’s ever been. We’re great.”
But the stock rout and the Oaktree deal cloud the picture for Ishbia, who owns nearly 80% of UWM’s equity directly and through a family holding company. Previously unreported filings show that his brother, Justin Ishbia, pledged his economic interests in his private equity funds to secure loan facilities with JPMorgan Chase & Co. that now total $2.3 billion after an increase last year; that
After taking UWM
Around the same time, Justin Ishbia also posted additional collateral to back the loans, according to a Michigan UCC filing. Justin Ishbia runs Shore Capital Partners, a Chicago-based private equity firm with about $17 billion under management, and is personally worth $4.8 billion. A spokesperson for Shore Capital Partners declined to comment. In 2025, the JPMorgan facility was increased with a fifth loan, bringing the total principal to about $2.3 billion.
Since its peak, Mat Ishbia’s fortune, which is largely tied to his company’s share price, has fallen by more than half to $6.2 billion, according to the Bloomberg Billionaires Index.
“JPMorgan did not request additional collateral from Mat Ishbia after last week’s selloff,” a spokesperson for the bank said in a statement.
Since UWM made its public debut, its quarterly 10-cent dividend has been one of Ishbia’s most consistent sources of cash. SFS Corp., the holding vehicle through which Ishbia and his family own most of their shares, received nearly $6.3 billion in distributions between 2020 and 2025, according to filings, mostly from dividend payouts.
The company used the equivalent of more than 96% of its net income to fund those distributions, leaving it with little cushion, and total equity fell even as it racked up profits. Alongside Oaktree’s new capital investment, those dividends will cease, with much of that redirected to pay the 10% coupon on newly-issued preferred shares.
Oaktree bought $1.5 billion of the preferreds. Ishbia bought $150 million. The financing came about after UWM lost roughly $600 million on an interest rate hedge tied to its
Ishbia also pledged the rights to payments he receives through a tax receivable agreement with UWM, according to a Michigan UCC filing dated Aug. 5. As of June 30, UWM reported a TRA liability of $280 million, according to its most recent quarterly report.
As for the Suns, which were profitable before Ishbia purchased the team, the franchise lost money in his first season as controlling owner, according to court documents. Any future dividends or distributions, as well as any potential proceeds from a bankruptcy or insolvency, have been pledged as collateral to secure a loan from JPMorgan, according to a Delaware UCC filing.
It’s unclear from filings whether the Suns’ interests were linked to the lending facilities backed by Ishbia’s UWM shares. A spokesperson for the Suns didn’t respond to a request for comment.
A spokesperson for UWM said none of this poses a liquidity issue for Ishbia. “Trying to use this deal to suggest Mat’s financial situation with UWM or the Phoenix Suns is threatened is clearly ignoring the facts,” the spokesperson said in a statement, noting that Mat has personally committed multiple hundreds of millions of dollars alongside Oaktree. Oaktree and Ishbia are backstopping a $400 million UWM common-stock offering expected to come later this year.
“Our agreements with JPMorgan are credit facilities and the outstanding balance on those facilities is so low they could be paid off anytime,” the spokesperson said. “They are immaterial and the rhetoric around them is nonsense.”
Ishbia is also in the process of buying out the remaining Suns and Mercury shareholders, the spokesperson said.
The move would follow a dramatic change of hands at another NBA team. Billionaire Mark Walter agreed to sell the Los Angeles Lakers for a record-breaking $12.5 billion to Josh Kushner and Bob Iger on Wednesday, part of a broader effort to raise money to pay down loans to his insurers.
In a ratings action issued last Friday, Fitch Ratings downgraded UWM and said that it was treating the preferred shares as debt. It also pointed to “elevated key person risk” at UWM because of Ishbia’s “significant control” over the company. On Wednesday, Moody’s also downgraded its outlook on UWM’s debt, to negative from stable.
Embrace the spotlight, Ishbia told his audience this week, saying the attention on his company affirms its relevance. “If in three years or four years and we have a bad month or a bad quarter or a bad year, and they don’t talk about us, that’s what I’m scared about, because it means we’re not relevant,” he said. “Everyone wants us to fail. And the best part is, they ain’t gonna get what they want.”
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Harvard Management Co. disclosed a $2.2 billion stake in SpaceX, showing how the university’s endowment has profited from an early bet on Elon Musk’s giant rocket company.
Harvard reported it holds the position in its 13F filing on Friday, revealing it’s one of the largest endowment holders of the stock. Space Exploration Technologies Corp. is the largest single stock disclosed in the filing, which shows Harvard held $4.3 billion of US equities. Harvard oversaw $57 billion as of June 2025, the latest publicly available figure.
SpaceX’s record-breaking initial public offering in June has boosted returns for college endowments that made investments through venture capital firms, sometimes more than a decade ago.
Others that have profited include the University of California’s investment arm, which reported in a filing this week a position worth about $1 billion, as well as the University of North Carolina and Washington University in St. Louis.
Harvard’s holdings potentially reflect both directly owned shares and distribution from private funds. Patrick McKiernan, a spokesman for Harvard Management, declined to comment on individual investments.
The gains from SpaceX, which currently has a more than $1.8 trillion valuation, come at time when US university finances are constrained from threats to federal research funding, a smaller pool of college-age students due to demographic changes and muted returns from private equity. Endowment funds with more than $500 million returned a median of 18.9% before fees in the year ended in June, according to Wilshire Trust Universe Comparison Service.
SpaceX shares have fluctuated since the company debuted at $135. Shares fell 0.9% on Friday, closing at $140.
Money managers overseeing more than $100 million in US equities have to file a 13F form within 45 days of the end of each quarter to list their holdings in stocks that trade on US exchanges.
Ireland has unveiled its inaugural national strategy to combat money laundering, terrorist financing, and proliferation financing, with a particular emphasis on tightening controls within the cryptocurrency sector.
Announced on 13 August 2026 by Tánaiste and Minister for Finance Simon Harris, the National Anti-Money Laundering, Countering Financing of Terrorism and Countering Proliferation Financing Strategy represents one of the most substantial upgrades to the country’s financial crime defences in recent years.
The document builds directly on the 2026 National Risk Assessment and an accompanying priority action plan released earlier in the year.
Those earlier reviews had already flagged the growing misuse of digital assets as a notable vulnerability, citing sophisticated fraud schemes, sanctions evasion risks, and the challenges posed by evolving technology.
The new strategy translates those findings into a coordinated, multi-year plan running through 2030.
Five core priorities guide the approach: improving coordination across government agencies; deepening understanding of emerging risks; reinforcing the regulatory framework; enhancing skills and resources in both the public and private sectors; and strengthening collaboration with international partners.
Among the concrete measures, authorities are prioritising reforms that make it harder for criminals to move illicit funds through crypto-assets without detection.
A key element involves completing the implementation of the European Union’s Transfer of Funds Regulation.
This extends anti-money laundering and counter-terrorist financing rules to crypto-asset transfers by requiring information about the sender and recipient to travel with each transaction—the so-called “Travel Rule.”
Most of these provisions are already in place.
The remaining steps impose additional duties on crypto-asset service providers, including more rigorous checks on transfers involving private or self-hosted wallets and heightened due diligence when dealing with firms based outside the European Union.
These changes aim to increase transparency and reduce opportunities for anonymous movement of criminal proceeds.
The strategy also addresses related vulnerabilities.
It calls for greater transparency in company ownership structures, new disclosure requirements for limited partnerships and other higher-risk vehicles, and stronger oversight of sectors such as gambling.
Intelligence sharing between An Garda Síochána, the Revenue Commissioners, the Financial Intelligence Unit, the Criminal Assets Bureau, the Central Bank of Ireland and financial institutions will be expanded.
Modernised analytical tools will help identify cyber-enabled fraud and other emerging threats more effectively.
Minister Harris stressed that financial crime inflicts genuine damage on individuals, families and communities.
He noted that organised groups increasingly exploit new technologies and complex cross-border networks, including crypto-assets, to conceal the origins of their profits.
The strategy, he said, sends a clear signal that Ireland will not serve as a safe haven for laundering criminal funds, while protecting the country’s reputation as a secure place to conduct legitimate business.
Implementation is already under way through cooperation among government departments, law enforcement, regulators and the private sector.
The reforms also support Ireland’s preparations for its next mutual evaluation by the Financial Action Task Force, the global standard-setter in this field. By focusing resources on higher-risk areas such as digital assets and by aligning fully with evolving European rules, the strategy seeks to keep Ireland’s defences current against an increasingly sophisticated threat landscape.
When real estate investing seems tougher than ever, and the traditional BRRRR method of recycling cash to accrue fixer-upper rentals is like walking a financial tightrope with no safety net, sometimes the easiest methods for investing are hiding in plain sight.
If you want a tried-and-trusted method that allows you to keep investing, two no-brainer strategies immediately come to mind.
House hacking is a hedge against leveraging because it accomplishes two objectives at once: getting your rental income to offset your highest monthly cost, housing expenses, as well as giving you a place to live.
Cody Berman, who wrote the book Retire by 30, is a firm proponent of using house hacking to start your real estate investment career. He told Business Insider:
“I think house hacking is probably, on the expense front, the biggest lever you can pull bar none. One-third of the average American’s paycheck goes into housing. If you can eliminate that or vastly reduce it—or, even better, if you can turn your housing into an income—all of a sudden, you gain a third or more of your monthly expenses back to invest in other things and build your financial freedom.”
Another advantage of house hacking is the low-down payment strategies you can employ to purchase your first rental. Here are some of the most common:
These loans don’t compel homeowners to stay in their primary residences forever. As with FHA mortgages, there is usually a one-year requirement for owner occupancy before homeowners can refinance out of the loan if rates are favorable and repeat the process—at least the FHA component—on a second property, thus using a low-cost method to accrue a rental portfolio.
As discussed on the BiggerPockets podcast, in the current housing climate, expecting to build an avalanche of cash-flowing rental properties through leverage is wishful thinking. Instead, the strategy should be more about accruing a high net worth, which you can then liquidate and buy rentals for cash. This generates cash flow and equity.
One of the most effective ways to attain a high net worth is not to pay capital gains taxes when you sell a personal residence that has gone up in value. The two-in-five-year primary residence strategy allows homeowner taxpayers, under Section 121 of the IRS tax code, to exclude up to $250,000 (if single) and $500,000 (if married) of capital gains on the sale of their primary residence. The homeowner must have occupied the property as their principal residence for at least two out of the five years before the date of the sale.
“If you set your LLC up as a partnership, you’ll lose your ability to benefit from Section 121, which allows you to avoid taxation on $250,000 in gains ($500,000 for a couple) from the sale of your principal residence,” writes attorney and real estate investor Clint Coons in Forbes. “You want to leave that 121 door open if you decide to sell the property.”
Here’s where things get interesting. Small investors can execute a “serial house hack” strategy by buying a small multifamily home using a low-down-payment, low-barrier-to-entry purchase method. They can live in it while renovating units and renting them out. Once they have met the two-year residency requirement, they can sell and repeat.
Things get even more interesting if, once they sell, they use the tax-free profit to start accruing rental properties while living in another primary residence for two years before rinsing and repeating.
This method allows leverage-wary investors to use the proceeds from each sold house to purchase a rental with large down payments, thus mitigating the risk. All the while, they are living rent-free (due to house-hacking income on their primary residence), generating cash flow from their rentals—and, of course, benefiting from depreciation and tenant paydown.
When this model is combined with methods for increasing rental income, such as leveraging co-living platforms like PadSplit or managing room-by-room rentals independently to workforce tenants, traveling nurses, young professionals, or even grad students, the gross revenue of the rental can increase significantly.
Furnished rentals catering to 30-to-90-day stays, such as for corporate relocations, insurance displacement clients, and healthcare workers, also increase rents by 20%-40% over traditional 12-month leases while avoiding the high maintenance hassles and restrictive municipal short-term rental regulations and hotel taxes.
Add ADUs (backyard cottages, garage conversions, or basement suites) into the mix of your rental, and you can substantially increase your rental income without paying top dollar and incurring closing costs for the acquisition of a new home.
By stacking these strategies on top of one another, you can, over time, build a low-risk real estate cash-flowing machine that takes advantage of homebuying programs and government tax laws to minimize leverage and maximize profits.
The strategy depends on a few critical components. While building your portfolio, you never decide to buy a single-family home just for your own personal use, because it removes the house-hacking component, and you always live in the primary home for at least two out of every five years.
Also, for this strategy to work effectively, keep an outside source of income, such as a W-2 job. Not only will it stabilize the rentals with extra cash, but it will also help you qualify for low-down-payment government programs and mortgages. There are a few assumptions you can tweak to suit different realities—that houses continue to appreciate and that you can comfortably release a large amount of tax-free equity when you sell every five years.
As the tables show, when this strategy is adopted over two decades, even with high interest rates, it can result in $200K a year in passive income and almost $2 million in equity by only owning three duplexes.
| Parameter | Value | Details |
| Base duplex purchase price | $400,000 | Scaled up by 3% annual market appreciation every five years |
| Duplex rent (optimized MTR/co-living) | $4,500/mo | Baseline ($3,600) + 25% optimization premium |
| Operating expenses + vacancy | 35% of gross | Property taxes, maintenance, capex, insurance, vacancy |
| Interest rate/terms | 6.5% fixed (30 yr) | Applied to remaining balances |
| Sec. 121 gain tax exemption | $250K/$500K | 100% tax-free capital gain extraction every five years |
| Metric | Year Five (First Sale) | Year 10 (Second Sale) | Year 15 | Year 20 |
| Properties held | One new duplex | One fully held + one new | Two held + one new | Three properties retained/scaled |
| Total units | Two | Four | Six | Six |
| Cash harvested (tax-free sale) | ~$106,900 | ~$162,500 | ~$224,000 | Hold phase |
| Reinvested down payment | 50% down ($231K property) | 50%+ down ($537K property) | 50%+ down ($623K property) | Portfolio stabilized |
| Total portfolio value | $463,710 | $1,001,613 | $1,625,581 | $2,349,384 |
| Total debt balance | $231,855 (50% LTV) | $418,200 (~41% LTV) | $585,000 (~36% LTV) | $680,000 (~28% LTV) |
| Total equity | $231,855 | $583,413 | $1,040,581 | $1,669,384 |
| Gross monthly rent | $5,217/mo | $12,098/mo | $21,042/mo | $32,328/mo |
| Monthly operating expenses (35%) | ($1,826)/mo | ($4,234)/mo | ($7,365)/mo | ($11,315)/mo |
| Monthly debt service (P&I) | ($1,465)/mo | ($2,643)/mo | ($3,698)/mo | ($4,298)/mo |
| Net monthly cash flow | $1,926/mo | $5,221/mo | $9,979/mo | $16,715/mo |
| Annual net cash flow | $23,112/yr | $62,652/yr | $119,748/yr | $200,580/yr |
Heading off to college is exciting, but it also involves new adult responsibilities. That makes it a great time to start getting comfortable with credit, building healthy spending habits and learning how to manage money.
It’s important for all students to build a solid foundation in managing their finances, said Sara Wilson, director of product innovation at Student Connections, an organization that helps students overcome financial barriers.
“You have to consider the financial decisions you make in college because they impact what your financial security is going to be once you enter your first job,” Wilson said.
If you’re starting college this fall or you’re currently a student, here are some expert recommendations:
College is the perfect time to start building your credit score, said Courtney Alev, consumer financial advocate at Credit Karma. A credit score is a mathematical formula that helps lenders determine how likely you are to pay back a loan. Credit scores are based on your credit history and range from 300 to 850. A low credit score makes it more complicated or more expensive to obtain car loans, mortgages, credit cards, auto insurance, and other financial services.
“College is an ideal time to start building a credit report, because the earlier you start, the more time you have for that credit to build and then work in your favor when you eventually need it, whether it’s for a loan or an apartment,” Alev said.
Alev recommends starting your credit card journey with secured credit cards. These credit cards are opened with a one-time deposit that serves as collateral. This first deposit is usually returned when the user closes the account with zero balance or when they move to an unsecured credit card with the same bank. Another starting option is student credit cards, which are easier to qualify for and tend to come with lower credit limits.
Regardless of the type of credit card you open, the No. 1 goal is to only spend what you can afford to pay off each month, Alev said.
During college, you might have multiple sources of income, whether from a part-time job, a financial aid stipend or family support. Having multiple or irregular streams of income might make it difficult to manage your finances, but budgeting is still a crucial step toward achieving financial stability.
You can budget by using an app, creating a spreadsheet or simply writing your expenses down on paper. No matter the format, it’s important for your budget to include your earnings and spending each month. Having a specific financial goal in mind can help you stay motivated to budget.
“Budgeting is simply creating a plan to get what you want with your money,” Wilson said. “Figuring out what you want, then the plan that you need to follow to get there.”
To help juggle multiple sources of income, students should divide their monthly bills by four so they have a target for the amount they need to set aside each week, said Lindsay Bryan-Podvin, financial therapist and founder of Mind Money Balance, a financial wellness service.
For example, if rent is due on the first of the month and it’s $1,000, that means you need to save $250 each week. Dividing your bills can help you manage your money when your income is inconsistent throughout the semester.
While it might be difficult to earn extra income while you’re in college, creating an emergency fund can save you a headache down the road. Many students can get excited about the idea of investing, but before diving fully into it, Alev recommends that you have a savings cushion.
“The power of that compounding interest and the growth of the economy can really pay off over time, and it’s so important, but an emergency fund is going to serve your immediate needs,” Alev said. She suggests that you aim to have enough savings to cover rent and other essentials for a few months before starting to invest.
One of the most exciting aspects of college is the new friends you meet. As you’re building new friendships, Bryan-Podvin recommends that you practice open communication about your financial journey.
“It can feel really hard to say ‘I can’t afford that or that’s not a priority for me,’” Bryan-Podvin said.
Being transparent about your finances can help you avoid feeling pressured to spend above your means.
Bryan-Podvin recommends that you clarify your spending priorities to make it easier to avoid overspending. For example, if you pay for a gym membership because it makes you feel better, keep this expense in mind when you have to say no to ordering takeout with your roommates.
While paying back student loans begins after graduation, it’s crucial that you have a plan while you’re still in college. Having a plan includes knowing how much you’re borrowing each semester, what your expected total repayment amount is and how much your monthly payments will be once you graduate.
“As long as you understand what you’re getting into and you’re making a plan for how to navigate and manage it, you’re an informed consumer of that debt,” Wilson said.
How much you borrow in student loans will affect your financial life after graduation, so it’s crucial that you don’t put off understanding the cost of the loans.
Universities typically have a number of resources, so it’s best to take advantage of them while you’re in school, said Phil Schuman, executive director at the Higher Education Financial Wellness Alliance.
“The nice thing about the system that you have on your campus is the people aren’t going to judge you,” Schuman said. “Their job is to help you figure out what the solution is to your question, and they’re going to point you in the right direction.”
Whether your question is about financial aid or budgeting, making sure you’re tapping into the free resources on campus can help smooth your financial journey. You can typically find resources at your school’s library, student life office or recreation center.
Mistakes happen to everyone, not only students. But what is important is that you know how to cope when you make a mistake, Schuman said.
Managing your finances is a learning process that will continue well beyond your college years. But starting your journey in college can help you kickstart that learning process.
“Mistakes will happen,” Schuman said. “Give yourself grace. Nobody is perfect when it comes to their finances, so don’t feel like you have to be as well. Talk to somebody, acknowledge it, and then figure out what you can do moving forward to right the wrong next time.”

How can Disney get back its narrative momentum?
The Chatwal is leaving the Hyatt portfolio, and now we know exactly when and what’s next for the luxury Midtown Manhattan property.
Hyatt’s booking notice says The Chatwal will transition to a hotel brand outside the Hyatt portfolio at of September 29, 2026. The property at 130 West 44th Street will become The Wolseley Hotel New York, with Minor Hotels currently targeting an early 2027 opening.
The change is more than just a reflagging. The Wolseley Hotel New York will be the first hotel under the new The Wolseley Hotels luxury brand, making the New York property the brand’s inaugural location.
The renovated hotel will continue to have 76 rooms and suites and will feature The Wolseley New York restaurant, a cellar-level speakeasy bar, and a wellness and wellbeing center. The property occupies the landmark building originally constructed in 1905 as the clubhouse for The Lambs Club.
For World of Hyatt members, however, the important part is that this will no longer be a Hyatt property after the transition. Travelers with reservations around or after the changeover should check their bookings and contact Hyatt or their booking provider if necessary.
HT: Ankush in our Facebook Group