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Independent railways operator Traxtion has concluded an $86-million (R1.4-billion) equity capital raise, which the company says has created the financial platform for yet further investments into a South African market that is beginning to open up to competition. The transaction involves STANLIB Infrastructure Investments and Standard Bank, which have acquired an undisclosed minority position in Traxtion, as well as Harith’s InfraCo and PAIDF2 funds, consolidating Harith’s long-standing shareholding in the company. CEO James Holley tells Engineering News that the injection of fresh equity is a vote of confidence both in Traxtion’s strategy and the reforms under way in South Africa’s…

Inflation and the depreciation of the Naira have clouded the true value of Nigeria’s Collective Investment Schemes (CIS), even as total assets under management (AUM) have more than tripled to N10 trillion in the last two years. The Securities and Exchange Commission (SEC) disclosed that the AUM of CIS in the country increased from N3.2 trillion to N10 trillion over the last two years, reflecting increased confidence in these investment vehicles, as reported by the SEC. At an event in Lagos, the director-general of SEC, Dr Emomotimi Agama, highlighted this significant leap in AUM over the past two years, driven…

Altcoins Are Better Than Bitcoin. See how Bitcoin Dominance is falling down. And these Alts are outperforming Bitcoin this week : $HYPE +35% $INJ +32% $ICP +31% $NEAR +30% $ZEC +23% $ALGO +21% This is happening when the market is shaking. Money is moving ” BTC → ALTS ” In the 10/10 liquidation, Bitcoin dominance exploded from around 57.8% to above 60.7%. That means when panic hit, capital ran away from altcoins and hid in Bitcoin. It was classic risk-off behavior inside crypto. Alts were not trusted and BTC was treated as the shelter. But this time, the chart looks…

Gold continued to correct, with spot gold falling by around 0.2% in the Asian session this morning to trade near $4,480/oz, as the U.S. dollar remained supported around the 98.9–99.0 area. Additional pressure came from cautious remarks by Cleveland Fed President Beth Hammack, who said the Fed may need to raise interest rates if inflationary pressures fail to ease, although she currently supports keeping rates unchanged due to ongoing economic uncertainty. This stance has made the market more cautious toward gold, as a persistently hawkish Fed tone could continue to support the U.S. dollar and U.S. Treasury yields. In such…

  ⁣GLENN DIESEN: Welcome back. We are joined today by Professor Michael Hudson to discuss the direction of civilization. So thank you very much for coming back on. ⁣MICHAEL HUDSON: Well, thanks for having me again, Glenn. ⁣GLENN DIESEN: So I’m thinking when we assess the economic, political, and social condition today, I can’t help but feel that we’re no longer at the peak of civilization. And you, of course, have written a book in the past with the title The Destiny of Civilization: Finance, Capitalism, Industrial Capitalism, or Socialism. And I’m thinking there must be a lot of new…

Commerzbank has lowered its end-2026 gold price forecast to $4,800 per ounce from $5,000, while maintaining its end-2027 target of $5,200.The revision comes as gold struggles with an unusual inverse relationship with oil prices amid the ongoing Iran conflict. However, the German bank maintains its 2027 target at USD 5,200 per ounce, citing strong structural bull market drivers.Gold prices fell last week to a two-month low of less than USD 4,400 per troy ounce. The drop was triggered by emerging doubts that the US and Iran were moving closer to a deal, despite earlier hopes raised by President Trump.Since the start…

Bitcoin symbol is seen on the kiosk in Krakow, Poland on February 20, 2026. Jakub Porzycki | Nurphoto | Getty ImagesBitcoin declined Wednesday to its lowest levels since February as other asset classes continued to lure investors away from cryptocurrencies.The world’s largest cryptocurrency fell to as low as $65,385, dropping 2.3%. That came after the S&P 500 and Nasdaq 100 closed at records on Tuesday. Asian stocks mostly rose with Japan’s Nikkei 225 hitting a record high Wednesday.”The broader issue is liquidity rotation,” according to the trading desk at QCP. “Crypto is facing competition for capital as equity markets continue…

Myles Garrett is a Ram.Let that sink in.In the years since their Super Bowl LVI title, the franchise’s f— them-picks regime has shed icons like Aaron Donald, Cooper Kupp, Jalen Ramsey and Andrew Whitworth. They’ve built through the draft, bringing in young cornerstones such as Kyren Williams, Puka Nacua, Byron Young, Kobie Turner, Braden Fiske and Jared Verse, among others. And now, they’ve ripped the governor off, and punched the gas toward Super Bowl LXI in their home stadium.The Rams are trading Verse, a 25-year-old star rusher good enough to draw comparisons to Terrell Suggs, to the Browns, along with…

HedgeCo.Net — Alphabet’s plan to raise up to $80 billion for artificial-intelligence infrastructure has turned one of the market’s most popular technology holdings into something more complicated: a stress test for the entire hedge fund AI trade. The announcement matters far beyond Google’s parent company. It forces investors to confront a central question now sitting underneath the 2026 equity market: how much capital must the world’s largest technology companies spend before artificial intelligence becomes a durable profit engine rather than an expensive arms race? For hedge funds, that question is no longer theoretical. Alphabet’s proposed capital raise, announced on June 1,…