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navitas credit corp

A Bank Sells Part of Itself for a Big Payday

June 13, 2026

United Community Banks just agreed to sell its equipment finance division for $1. 9 billion in cash. The two subsidiaries being sold—Navitas Credit Corp. and NLFC Reinsurance Corp. —have been a headache for the bank lately. They make up only 10% of the loans but have caused half of the bank’s losses

crime

How U. S. crime trends changed under Trump’s leadership

June 13, 2026

In 2025, U. S. crime rates dropped sharply, marking the biggest yearly decline since the late 1930s. Murder cases fell by over 18%, while aggravated assaults and robberies also saw significant drops. Even rape cases decreased by nearly 8%, and property crimes like theft and burglary fell by about 12

technology

Music Datasets and AI: A Look Behind the Sounds

June 13, 2026

In 2016, a large music collection went online. It came from the Free Music Archive and included over 100, 000 tracks. Researchers from a Swiss university gathered this data. Most songs had a special license letting people use them for free but only if they gave credit and didn’t use them for busines

politics

Updates to Iowa’s Historic Tax Credit Rules

June 13, 2026

Iowa has decided to update how it handles tax credits for historic preservation projects. The state’s Historical Division removed one rulebook and moved its details into another. Instead of having separate guidelines for historic projects, the state is combining them into a single set of rules. The

finance

Musk’s SpaceX IPO Turns Him Into a Trillion‑Dollar Billionaire

June 12, 2026

SpaceX’s public debut on Thursday raised $75 billion, putting the company’s valuation at about $1. 5 trillion. That jump pushes Elon Musk past a trillion dollars in net worth, making him the first person ever to reach that figure. The record‑breaking offering shows how eager investors are to back Mu

crypto

LG Electronics Builds Its Own Blockchain for Ads

June 12, 2026

LG Electronics is taking a bold step by creating a new blockchain to manage online advertising. The system will let ad buyers and sellers share a single, transparent database that tracks how people interact with ads. To make this happen, the company teamed up with Arbitrum, a layer‑2 solution built

finance

Fixing Global Trade Finance: Why Old Systems Are Failing and New Tech Could Help

June 12, 2026

For years, global trade finance has relied on outdated systems built for slower, simpler times. Banks and companies still shuffle paper documents, send messages through clunky networks, and check compliance the same way they did decades ago. This old way of doing things creates huge problems: trades

technology

Claude Corps: A New Way to Help Nonprofits with AI

June 12, 2026

A company called Anthropic is taking a fresh approach to help nonprofits make the most of artificial intelligence. Instead of just donating money or tools, they’re investing in people. Through a new program called Claude Corps, they’ll place 1, 000 young professionals with nonprofits for a year. The

business

A Local Pizza Spot Ends a Half-Century Run in the D. C. Area

June 12, 2026

For five decades, a beloved pizzeria in the D. C. suburbs served up more than just food—it became a gathering spot for generations. Now, after 50 years, the last location of this family-run Chicago-style deep dish restaurant is shutting down for good. The owners blame rising costs and tough competit

technology

Canada Tech Fest: Where Money Meets New Ideas

June 12, 2026

Every summer, Canada turns into a giant playground for people who love the future of money and smart machines. In late July 2026, a whole week will be packed with talks, games, and meetups about crypto, blockchain, and AI. It’s not just one big party—it’s a place where bankers, tech builders, and cu