Private Equity Gets Bullish on Natural Gas-Fired Power Plants
Earlier this month, ArcLight Capital Partners agreed to acquire the Middletown Energy Center natural gas-fired power plant in Ohio's Butler County. The 484-megawatt plant benefits from a proliferation of data centers in the state that need a lot of electricity to power artificial-intelligence systems, said Angelo Acconcia, a partner at Boston-based ArcLight.
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4 minutes ago
- Yahoo
Old Trump speech falsely linked to South Korea trade deal
Social media posts have recirculated an old video of US President Donald Trump and falsely presented it as depicting him calling South Korean leader Lee Jae Myung a "bad negotiator" after their countries agreed a trade deal. The clip in fact shows Trump criticising then president Barack Obama as he launched his presidential campaign in June 2015. "Trump mocks Lee Jae Myung as a bad negotiator," reads a Korean-language post featuring the clip on Naver Band, a South Korean forum, on July 31, 2025. "[Trump] mocked Lee as soon as the tariff negotiations finished. [Lee] has become a total pushover," it continues. The video shows Trump saying, "The people negotiating don't have a clue. Our president doesn't have a clue. He's a bad negotiator." But its Korean subtitles mistranslate "our president" as "their president". The clip was also shared in similar posts on multiple right-wing South Korean circles on Facebook, as well as on YouTube. "The way that fool Lee acted as he did, no wonder he is being mocked," read a comment on one of the posts. Another said: "An international embarrassment to be used like that, then mocked by the US president." Under the trade deal, the United States will impose a 15 percent tariff on South Korean imports -- down from the previously threatened 25 percent -- in exchange for $350 billion in South Korean investments in US industries and $100 billion in energy purchases (archived link). A keyword search on Google found the clip corresponds to a part of a speech Trump gave on June 16, 2015, when he announced his bid for the presidency (archived link). At around the 18:50 mark of the speech posted in full by CSPAN, Trump makes the comment: "The people negotiating don't have a clue. Our president doesn't have a clue. He's a bad negotiator." This was part of a broader tirade against the Obama administration's trade and foreign policies. Trump then references a prisoner swap involving US soldier Bowe Bergdahl to illustrate his criticism of Obama's negotiating skills. Bergdahl was a US Army sergeant who was captured by the Taliban in 2009 after walking off his post in Afghanistan and was released in 2014 in exchange for five Taliban detainees held at Guantanamo Bay (archived link). "We get Bergdahl. We get a traitor. We get a no-good traitor, and they get the five people that they wanted for years, and those people are now back on the battlefield trying to kill us. That's the negotiator we have," Trump said. A full transcript of the speech published by Time magazine also shows Trump was referring to Obama (archived link). Nowhere in the video or transcript does Trump mention South Korea or Lee Jae Myung. AFP has previously debunked similar instances of Trump remarks and social media posts being misrepresented as references to South Korea.
Yahoo
21 minutes ago
- Yahoo
Solana Co-Founder Slams Memecoins And NFTs In Clash With Base Lead Developer: 'Digital Slop'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Solana co-founder Anatoly Yakovenko is condemning memecoins and non-fungible tokens again. 'I've said this for years. Memecoins and NFTs are digital slop and have no intrinsic value,' he said Sunday on X, even though these tokens have driven revenue on Solana over the past year, as its low cost and high throughput have ironically made it the preferred venue for trading them. Yakovenko compared the tokens to in-game loot boxes, which have no real-world value but see players spend billions of dollars annually. Loot boxes have also been criticized for having similar mental effects to gambling and encouraging 'pay-to-win' dynamics. Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— — no wallets, just price speculation and free paper trading to practice different strategies. Yakovenko's most recent critique of memecoins and NFTs followed a heated debate with Jesse Pollak, lead developer of the Coinbase-incubated (NASDAQ:COIN) Ethereum Layer 2 chain Base, over whether the network's so-called 'contentcoins' are any different from memecoins launched on Solana's Pollak rejected the idea of contentcoins being similar to memecoins as a 'logical fallacy.' 'The content itself is valuable,' Pollak said. 'Ads are a way to monetize that value. But the content itself is valuable. Just like a painting is fundamentally valuable, regardless of whether you charge people at the museum to see it.' But Yakovenko suggested that contentcoins and memecoins offered no value beyond speculation. He pointed out that contentcoin holders had no claims to future ad revenue from the content. He also said they faced the risk of being dumped on by early adopters. Trending: Grow your IRA or 401(k) with Crypto – . Contentcoins Contentcoins are tokens that represent a single piece of digital content. Base launched the concept in April, hoping to catalyze an on-chain creator economy on the network. But many have criticized contentcoins as being only semantically different from memecoins. The Base team had also received backlash from cryptocurrency community members for its rollout of the concept without any explanations, which led to losses for several users. At the time, Base's official X account posted an image with the caption 'Coinbase is for everyone,' following up with another post, stating 'coined it.' The follow-up post contained a link to Zora, a Coinbase-backed decentralized social network that tokenizes content, directing users to purchase a token based on the initial post. Many did, and the token's value surged to $17 million. But holders quickly found themselves holding the bag as the token's value crashed 96% to as low as $720, crash came as Base launched more coins, dividing user attention and sparking confusion. Instead of issuing an apology in the wake of the chaos and backlash, Pollak doubled down. 'Someone has to normalize putting all of our content onchain,' he said. And I'm not afraid for it to be us. Why? Because in the wake of the chaos, we'll normalize the behavior and create a better future for creators.' Base developers have since made contentcoins a central piece of the network's appeal. On July 16, Coinbase rolled out Base App, a rebrand of Coinbase Wallet, featuring a social feed powered by Farcaster, a decentralized social network protocol, and Zora. Read Next: A must-have for all crypto enthusiasts: . Image: Shutterstock This article Solana Co-Founder Slams Memecoins And NFTs In Clash With Base Lead Developer: 'Digital Slop' originally appeared on Sign in to access your portfolio
Yahoo
34 minutes ago
- Yahoo
Figma's IPO was a huge hit. Here are the companies betting markets think are next in line to debut.
Figma had a wild market debut on Thursday that generated excitement for more IPOs. Figma's debut follows high-profile IPOs from Circle and CoreWeave earlier this year. With hopes that the IPO market is opening up, betting markets have their eye on the next firms to go public. Figma's wild trading debut on Thursday is generating a lot of excitement for more tech IPOs. After an underwhelming 2024 that saw little in the way of IPO activity, the market has bounced back, with several high profile debuts from, Figma, CoreWeave, and Circle Internet Group. Figma's first day of trading saw a collosal 250% pop, withmomentum carrying into a second day on Friday. But online bettors are already focused on spotting the next major IPO. Here's the list of the stocks most likely to formally announce an IPO this year, according to bettors on Kalshi: Klarna: 83% chance Discord: 45% chance Cerebras Systems: 39% chance Databricks: 30% chance Stripe: 19% chance Klarna has been eyeing an IPO for months. It initially filed to go public in March, but paused due to volatility stemming from President Donald Trump's tariffs. However, sources told Bloomberg this week that it could resume plans for an IPO as soon as September. Meanwhile, the popular social media platform Discord has been seen as a likely IPO candidate since Reddit's debut in March 2024. Reddit soared on Friday, spiking 20% on a strong earnings report, bucking a wider sell-off related to tariff jitters and the job market. Both Cerebras and Databricks have seen their odds bolstered by the debut of CoreWeave this year, an AI infrastructure company that is credited with kicking off the 2025 IPO boom. Despite early post-IPO volatility, the stock has outperformed, up 166% this year. Payments firm Stripe rounds out the list, with investors anticipating its debut for years. Read the original article on Business Insider
