Peter Thiel Joins Board of Enriched Uranium Startup General Matter
His new startup, General Matter, has raised $50 million in a funding round led by the firm to make high-assay low-enriched uranium, or HALEU. As part of the deal, Founders Fund partner Peter Thiel is joining the board, an unusual move for the billionaire investor. The Los Angeles-based startup — which has been operating largely under the radar until now — aims to bolster the nation's nuclear energy industry, and adds to the stable of Founders Fund partners who have started their own companies.
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Yahoo
an hour ago
- Yahoo
Diddy's $61.5 Million Mansion Has Sat on the Market for Over 300 Days —Only One $30 Million Offer Came In From Buyer Hoping to 'Remove the Stigma'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. It was all about the Benjamins until "mo money" brought "mo problems." Diddy once built a brand on wealth, fame, and flash, but now his mansion can't find a buyer. Turns out, no matter how luxe the listing, you can't sell around a scandal—or the kind of stigma that sticks. Shop Top Mortgage Rates A quicker path to financial freedom Personalized rates in minutes Your Path to Homeownership Sean "Diddy" Combs has been behind bars since he was arrested last September on multiple federal charges, including sex trafficking and racketeering conspiracy. On July 2, he was acquitted of both but found guilty on two counts of transporting individuals for prostitution. Bail was denied, and he remains in federal custody awaiting sentencing on October 3, 2025. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Just days before his arrest, Combs listed his sprawling estate in Los Angeles' ultra-exclusive Holmby Hills neighborhood for $61.5 million. He originally purchased the 1.3-acre property in 2014 for just over $39 million. Nearly a year later, after 319 days on the market, the 17,000-square-foot estate hasn't found a serious buyer. Only one investor stepped forward—Hollywood developer Steven "Bo" Belmont—offering $30 million, less than half the asking price. Belmont said in a November press release he hoped to "remove the stigma" associated with the property and breathe new life into it. The offer was rejected. The home is packed with luxury: 10 bedrooms, 13 bathrooms, a 35-seat private theater, a spa house, indoor-outdoor gym, wine cellar, and even a disco-ball sculpture hanging in the grand foyer. It sits on a manicured 1.3-acre lot in one of L.A.'s most elite neighborhoods. But the scandal tied to its owner appears to have torched its marketability. According to Business Insider, at least two Los Angeles real estate agents declined to comment publicly on the listing, reportedly due to concerns over professional blowback. Hesitation to even discuss it on record highlights the reputational risk. The phrase "toxic listing" has circulated in luxury real estate circles—not just because of the headlines, but because image-conscious buyers at this level often avoid homes linked to public scandal. In ultra-high-end markets, a house with baggage can become unsellable simply by association. Trending Now: Accredited Investors: Grab pre-IPO shares of the AI company powering Hasbro, Sephora, and MGM — secure $0.63 shares before 8/14. $100k in assets? Maximize saving for your retirement and cut down on taxes: . This kind of reputational baggage isn't just a Diddy problem—it can ripple through entire neighborhoods. In high-end real estate, image matters, and a single scandal-tied listing can cast a shadow well beyond the property line. When media coverage is constant—as it has been with Combs' case—neighboring home values can suffer simply by proximity. Valuation experts have documented this effect. According to the National Association of REALTORS®, stigmatized properties—homes associated with crime, scandal, or infamy—can lose between 10% and 25% of their value, especially in high-profile situations like violent crime or cult activity. Appraiser Randall Bell, who has worked on some of the nation's most infamous properties, has estimated stigma-related discounts ranging from 5% to 20%. In cases where a property becomes a headline, it's not just the house that takes the hit—it's the entire block. While luxury listings like Diddy's stall out in the shadow of scandal, the rental market is doing the opposite. Demand remains high, especially for single-family homes in desirable metro areas. Investors who want real estate exposure without the baggage are finding ways in that don't involve buying an entire mansion—and certainly not one tied to federal trials. Arrived offers a different path: share-based investing in professionally managed rental properties across the country. Starting at under $100, anyone can own a piece of income-producing real estate—without dealing with tenants, upkeep, or the risk of headlines crashing your asset. No stigma. No scandal. Just returns. Meanwhile, Diddy's house remains exactly where it's been for over 300 days—on the market, empty, and burdened by the kind of publicity no square footage can outrun. Whether it eventually finds a buyer or fades into L.A. real estate folklore, it's a reminder that in high-end housing, perception really is value. See Next: This HELOC lender lets you borrow, repay, and borrow again —. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. This article Diddy's $61.5 Million Mansion Has Sat on the Market for Over 300 Days —Only One $30 Million Offer Came In From Buyer Hoping to 'Remove the Stigma' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
an hour ago
- Business Insider
Upcoming Stock Splits This Week (August 11 to August 15)
These are the upcoming stock splits for the week of August 11 to August 15, based on TipRanks' Stock Splits Calendar. A stock split is a corporate move that hands out extra shares to existing investors, increasing the total share count without changing the company's overall market value. The share price drops accordingly, making the stock feel more affordable – and often more appealing – to everyday investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Most splits are designed to broaden a stock's reach by lowering its price tag, but some companies flip the script with a reverse stock split. Instead of multiplying shares, they merge them, cutting the share count and boosting the price per share. The company's market value stays the same, but this tactic is often used to meet exchange listing rules – like Nasdaq's minimum price requirement – and avoid being booted from the market. Whether it's about widening the investor pool or holding onto a market listing, these moves can be telling signals with real weight. Let's take a look at the upcoming stock splits for the week. NuCana (NCNA) – NuCana is a clinical-stage biopharmaceutical company based in Edinburgh, UK, dedicated to improving cancer treatment outcomes using its proprietary ProTide (phosphoramidate) technology. This platform is designed to transform traditional chemotherapy agents into more effective and targeted anti-cancer medicines. On July 11, the company announced a 1-for-200 reverse ADS split to support liquidity and satisfy Nasdaq's minimum bid price requirement. The split will take effect on August 11. Veru (VERU) – Specializing in treatments for cardiometabolic and inflammatory diseases, clinical-stage biopharma Veru is taking steps to lift its share price. On August 6, the company announced a 1-for-10 reverse stock split to comply with Nasdaq's $1.00 minimum bid rule. The change took effect on August 8, with split-adjusted trading beginning August 11. Energous (WATT) – Energous develops RF-based, over-the-air wireless power networks that deliver cable-free energy to IoT devices in sectors like retail, logistics, and industrial monitoring. On August 6, the company announced a 1-for-30 reverse stock split, effective August 11. The move aims to boost the share price and regain compliance with Nasdaq's minimum bid price requirement. Shineco (SISI) – Beijing-based Shineco is a diversified holding company operating across healthcare, agriculture, and textiles. It develops in vitro diagnostic reagents and medical devices, processes and distributes plant-based products like fresh fruits and silk goods, and even runs a restaurant in Fuzhou. On August 7, the Board approved a 50‑for‑1 reverse stock split to comply with Nasdaq's minimum bid price requirement, effective on August 11. NanoVibronix (NAOV) – NanoVibronix develops non-invasive medical devices such as PainShield® and UroShield®, which use surface acoustic wave technology, and the FDA-cleared ENvue™ feeding tube navigation system. On August 8, the company announced a 1-for-10 reverse stock split effective August 11, with split-adjusted trading starting August 12, aiming to boost its share price and support compliance with Nasdaq's listing requirements. Catheter Precision (VTAK) – Catheter Precision specializes in designing and manufacturing advanced medical technologies for cardiac electrophysiology, including its 3D mapping Vivo™ system and LockeT™ suture retention device that assist clinicians in arrhythmia procedures. On July 28, the company announced a 1‑for‑19 reverse stock split, effective on August 15. The split is intended to lift its per‑share trading price and meet NYSE American's minimum bid price requirements to maintain listing compliance.
The Hill
3 hours ago
- The Hill
Some Claire's, Icing stores set to close after bankruptcy filing: court docs
(NEXSTAR) — More than a dozen Claire's stores, as well as a few Icing locations, are set to close in the coming weeks after the former filed for bankruptcy. Illinois-based Claire's, which also operates Icing, announced Wednesday that it was voluntarily beginning Chapter 11 bankruptcy proceedings 'to maximize the value of its business.' 'This decision is difficult, but a necessary one,' Chris Cramer, CEO of Claire's, said in a press release, citing pressure from 'increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail,' as well as debt obligations and 'macroeconomic factors.' 'We remain in active discussions with potential strategic and financial partners and are committed to completing our review of strategic alternatives,' he added. Trump promised lower grocery prices 'on Day One.' Here's what happened In the same press release, the company said Claire's stores 'will remain open.' Court documents filed the same day, however, identified 18 stores — five Icing stores and 13 Claire's locations — across 13 states for potential closure. These stores were previously identified as locations that 'should be exited,' court documents explain. Alabama 3518 Eastdale Mall, Montgomery California 8042 Galleria at Tyler, Riverside (Icing) 5586 Newpark Mall, Newark Illinois 5307 Ford City Mall, Chicago Massachusetts 3358 Market Street at Lynnfield, Lynnfield Michigan 5896 Bay City Town Center, Bay City 3422 Woodland Mall, Grand Rapids (Icing) Minnesota 6684 Northtown Mall, Blaine New Jersey 6373 Livingston Mall, Livingston New York 8456 Greece Ridge, Rochester (Icing) Pennsylvania 5406 Union Town Mall, Union Town Tennessee 5368 Pinnacle at Turkey Creek, Knoxville Texas 6252 Shops at Highland Village, Highland Village 8615 Mall of Abilene, Abilene (Icing) Utah 6705 Provo Town Center, Provo 6233 Junction Commons, Park City 8668 University Orem, Orem (Icing) Washington 722 Woodinville Plaza, Woodinville Store closing sales are expected to end no later than September 7, should the filing receive approval. Claire's, well-known for its affordable jewelry and accessories, as well as its piercing service, previously filed for bankruptcy protection in 2018. According to CNBC, the retailer is facing a similar burden now, namely a steep debt load. Tariffs and increased competition are adding to the pressure now. Currently, Claire's has about $500 million in debt and between $1 billion and $10 billion in assets and liabilities. Citing court documents, CNBC reports Claire's is exploring a sale of its assets. Other retailers that have filed for bankruptcy this year include At Home and JOANN. Fellow mall-focused stores, like Torrid, have also been forced to close dozens of stores.
