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She quietly scooped up another plot on Meadow Lane for $33.5 million in the past year, we hear.

She quietly scooped up another plot on Meadow Lane for $33.5 million in the past year, we hear.

While the doctors said the condition would last a few days, he tells us it took him years.

While the doctors said the condition would last a few days, he tells us it took him years.

Monday August 17 SASHA Obama is getting a lesson in “Hot Girl Summer” from the originator, we hear. The former First Daughter was spotted hanging out with Megan Thee Stallion at Sand Bar & Grille on Martha’s Vineyard, with a spy describing the duo as “looking like besties.”  The pair apparently have a lot in...

Monday August 17 SASHA Obama is getting a lesson in “Hot Girl Summer” from the originator, we hear. The former First Daughter was spotted hanging out with Megan Thee Stallion at Sand Bar & Grille on Martha’s Vineyard, with a spy describing the duo as “looking like besties.”  The pair apparently have a lot in...

Americans are sick of snack foods with 'too many' ingredients, according to a survey.

Jackson Powers-Johnson’s frustrating history with injuries resurfaced on Monday. The Raiders’ third-year interior offensive lineman left Monday morning’s practice with a trainer with approximately 45 minutes remaining in the workout and did not return. Las Vegas Raiders guard Jackson Powers-Johnson (58) participates in a drill during practice at the team’s NFL football training camp on...

WWE made the best of a bad situation.

Massachusetts Mayor Charged With Using COVID Loan For Election Campaign, Debt Payments

Authored by Aldgra Fredly via The Epoch Times,

A Massachusetts mayor was arrested on Aug. 14 on allegations that he fraudulently secured more than $1.5 million in COVID-19 small-business loans to fund his election campaign and pay personal taxes and mortgages.

Lawrence Mayor Brian DePeña, 61, was charged with one count of wire fraud and one count of money laundering, according to a statement by the U.S. Attorney’s Office for the District of Massachusetts.

DePeña has been released from custody following his initial appearance in federal court in Boston on Aug. 14, subject to several conditions, including turning over his passport.

According to his indictment, he allegedly applied for Economic Injury Disaster Loans (EIDL) for Tenares Tire Services Inc., a tire sales and automotive services business he owned in Lawrence, between 2020 and 2021.

The Small Business Administration (SBA) offered those loans to eligible small businesses that were facing financial difficulties during the COVID-19 pandemic.

Prosecutors alleged that DePeña obtained $150,000 in EIDL loans for Tenares Tire in June 2020, using most of the funds as working capital for his business. In early 2021, his mayoral campaign was struggling to pay bills, and he owed back taxes to the IRS and $900,000 to two private lenders.

DePeña allegedly applied in April 2021 for an increase in his business’s EIDL loan, which the SBA later approved for an additional $350,000, according to the statement.

Prosecutors said DePeña allegedly used $85,000 of the funds to pay off personal tax debts and transferred $120,000 to his personal account, of which $90,000 was later deposited into his mayoral campaign account.

In October 2021, DePeña allegedly requested another EIDL loan increase, which the SBA approved for more than $1.15 million. He then transferred the entire amount to a personal account and used $42,112.96 of that fund for his mayoral campaign, prosecutors alleged. He also allegedly used more than $883,000 to pay off his debts.

The mayor had made 16 payments on the Tenares Tire EIDL as of Aug. 5, 2026, leaving an outstanding principal balance of about $1.6 million, according to prosecutors.

“This was emergency financial assistance meant to be a safety net for struggling businesses, not Mr. DePena’s own personal ATM,” Ted E. Docks, special agent in charge of the FBI’s Boston Field Office, said in the statement.

“When elected officials misuse federal funds for personal gain, they’re breaking the trust of their constituents—and breaking the law.”

DePeña has served as mayor since 2021. He was reelected in November 2025 and previously served on the Lawrence City Council.

He faces up to 20 years in prison, three years of supervised release, and a fine of up to $250,000 if convicted of wire fraud. For money laundering, DePeña could face up to 10 years in prison, three years of supervised release, and a $250,000 fine if found guilty.

DePeña’s office did not respond to a request for comment.

Tyler Durden Mon, 08/17/2026 - 13:20

We're already counting down the days to the home opener against LeBron's 76ers on Oct. 20.

The "Nashville" star's only sibling tragically died three years before she lost her own life.

The "Nashville" star's only sibling tragically died three years before she lost her own life.

He was a part of the same round of layoffs that included Ryan Clark, Cam Newton, Bart Scott, Karl Ravech, David Lloyd and Stephania Bell.

Europe is sweltering through one of its hottest and driest summers on record, which a recent study said was fueled by climate change.

Observations from Monday's Jets practice, including the rookie quarterback's strong finish.

Isla Fisher braves a rainy day in NYC, Dua Lipa snaps a selfie and more snaps...

Isla Fisher braves a rainy day in NYC, Dua Lipa snaps a selfie and more snaps...

He played in eight games in his career — all in 2024 — only seeing significant time in a 26-8 loss to the Chargers on Oct. 27 of that season.

"July Was A Bad Month": Jane Street Lost $15 Billion In First Down Month In A Decade

Back in February, just around the time gold and silver had peaked at prices that seemed impossible just a year earlier...

... we warned readers that with Jane Street emerging as the biggest holder of SLV with almost 21 million shares, it was time to get the hell out of the precious metal as this HFT shop, best known for spawning SBF, the 10am slam of bitcoin, and constant, unforgiving market momentum (ignition), would now reverse its accumulation of silver - which its involvement had made a momentum stock - and would send its price plunging.

We have been huge silver bulls since 2009, but be very careful here: lots of financial engineering going on.

Jane Street not only added a record 20.6MM shares of SLV in Q4, it is now also the biggest holder of SLV pic.twitter.com/XNEiLz2ltZ

— zerohedge (@zerohedge) February 25, 2026

This is what happened to the price of silver since...

... driven in no small part by continued selling across the ETF space, where Jane has been the biggest seller, taking its total holdings from 20.7 million to just 6.7 million shares. 

In short, like any marquee HFT company, Jane rides - and creates - the momentum elevator on the way up... and then rides it, and creates it, on the way down. 

Which is why on Friday afternoon when the latest 13F filings dropped (our full breakdown is coming), the first company we looked at, even before Berkshire, was Jane Street and were not at all surprised to find that its latest holdings where the who-is-who of the Q2 momentum explosion, including such names as Sandisk, Bloom Energy, Dell, Micron, SMCI, CoreWeave, Broadcom and virtually any and every other retail momentum darling...

... all of which peaked on June 27, when as we pointed out previously, we saw Total Return Swap funding rates explode to record high levels, an indication that leverage had gone well beyond the peak and was now in Archegos territory (as we also warned)...

You will never guess on what day S&P funding costs hit an all time high and rolled over hard (sorry Total Return Swap bros) https://t.co/6vt6Ei82QR pic.twitter.com/9reNto9rsi

— zerohedge (@zerohedge) July 24, 2026

... a warning which had Situational Awareness listened to, it could avoid the most embarrassing firesale liquidation this decade. 

Our observation came just moments before the FT and Bloomberg blasted flashing red headlines that Jane Street had suffered massive losses as a result of its momentum-chasing ways in July. 

Because while everyone now knows that Situational (Un)awareness lost $35 billion between the start of July and the end of the month, thus sealing its fate, Jane Street - whose positions were effectively a carbon copy of what Leopold Aschenbrenner held on his book at the time of the handover to Citadel - was slammed with a historic $15 billion loss in July, its first monthly slump in about a decade, as the handful of AI-focused names that both its and Situational Awareness plunged into the end of the month as the momentum trade suffered a historic meltdown. 

Jane Street, in addition to investing in the stocks held by Leopold, also invests in Situational Awareness directly, suffered a rare and severe downturn amid volatile stock markets, Bloomberg and the FT reported. The company’s investment in the hedge fund, as well as wrong-way bets in Asian equity markets, drove part of the losses, said the person, who asked not to be identified citing private details.

"July was a bad month,” said Jane Street partner Turner Batty in an internal note.

To be sure, Jane has generated more than $40 billion of net trading revenue so far this year, more than it did in all of 2025 when it set a Wall Street record. Still, sch violent moves are a major red flag and an indication that either leverage is far too high or risk weightings are off the charts.

Batty said in the internal note that the desks have reduced exposures in strategies that contributed to volatility.

“Despite the large year-to-date increase in trading capital, the recency of these losses has caused us to locally be more selective about risk,” Batty said. “We’ve closed a significant portion of our risk in the specific areas we lost on in July, and have also reduced risk-taking in other strategies.”

It's not clear if that means that company was no longer igniting momentum in the same chip/memory momentum names that exploded, then collapsed all in the span of a month. 

The HFT black box, pardon "market maker" described the impact of the debacle at Situational Awareness while seeking to refinance billions of dollars of debt, according to the Financial Times, which earlier reported the loss.

The market maker described the impact of the debacle at Situational Awareness while seeking to refinance billions of dollars of debt, according to the Financial Times, which earlier reported the loss.

Jane Street was rattled by Situational Awareness and market turmoil as it was preparing to issue $14.6 billion of bonds this week to overhaul its debt load. It’s a stumble for the market maker that invested early in some of AI’s biggest players, including Anthropic PBC and CoreWeave Inc., adding to profits from its business frontrunning handling thousands of trades within milliseconds. 

That said, don't cry for Jane Street and its scretive boss Robert Granier, who have been setting record after record in recent years, including $39.6 billion of trading revenue for 2025, surpassed Wall Street trading giants including Goldman and JPMorgan. 

“Our positions currently seem appropriate for our present risk tolerance,” he said. “Market volumes have been strong, and we’ve continued to make improvements to our short time horizon strategies, that trading seems more profitable than ever.”

Translation: unlike silver which has seen Jane continue dumping, we expect that when it comes to momentum chip and memory stocks, Jane will double down and then use the same HFT momentum ignition gimmicks to create a new wave of retail excitement it will ride once again on the way up, while collecting an arm and a leg from the mile-wide bid ask spreads in names like Sandisk, something we pointed out last week. 

Top 10 stocks traded YTD average 16.4% of total market notional volume.

And no stocks is more profitable for dealers and HFTs than SNDK with a 12.4bps spread. No wonder they try to create constant momentum pic.twitter.com/8NPck9kqMC

— zerohedge (@zerohedge) August 10, 2026

As for Jane Street’s latest debt deal, the firm's deplorable July performance did not hold anyone back: investors including PIMCO, Capital Group and Fidelity bought in, which was issued across three bonds. The refinancing allowed the market maker to fund technology infrastructure and expand its trading strategies, Bloomberg previously reported.

The new fixed-rate deal, led by JPMorgan, is part of Jane Street’s plan to repay its floating-rate loans and revamp its $11 billion capital stack. 

Tyler Durden Mon, 08/17/2026 - 13:00