Money Traces

You spend $2,000 abroad with the Robinhood Gold Card. If the purchase is eligible, the card's rewards rules say you earn 3 Points per dollar. That gives you 6,000 Points. But if the transaction is made in a foreign currency and your account is subject to Robinhood's current foreign transaction fee, the same $2,000 purchase also generates a 3% fee: $60. So the first question is simple: if the card gives you 3% in rewards and takes 3% in foreign transaction fees, do those two numbers cancel each other out? At Robinhood's documented brokerage cash redemption rate of $0.01 per point, they can. Six thousand Points are worth $60 when converted to cash in a Robinhood brokerage account. The fee is $60. The two numbers meet exactly. But that does not mean the card is automatically giving you a 3% return and then taking it back. The reward and the fee work differently. The fee is a fixed percentage of the qualifying transactio...

A construction company with about 1,800 employees as of December 2025 and about $1.7 billion in backlog was notified by NYSE American that it was out of compliance with continued listing standards. Its SEC filings show the company has been leaning on an unusual source of financing to keep its bonded projects moving — the surety providers that back those projects. Key Takeaways Southland Holdings reported a total equity deficit of $248.184 million at June 30, 2026. The NYSE American notice described a $248.2 million stockholders' deficit . The 10-Q separately reported a $253.533 million stockholders' equity deficit , offset by $5.349 million of noncontrolling interest . Southland's equity deficit reflects years of losses, the $135.8 million adverse impact from the Washington State Convention Center litigation, and a $93.6 million gross-profit impact from downward revisions to contract-claim estimates in the second quarter of 2026. During the first half o...

From $1.8 Billion to $11.6 Billion: How Anthropic Became a Much Bigger Customer of Akamai in Four Months Akamai's Anthropic relationship went from a $1.8 billion commitment in May to an $11.6 billion contract in September. The bigger number comes with a very different capital schedule, a new warrant for Anthropic and a long wait before the revenue reaches its full run rate. The short answer The important number is not simply $11.6 billion. It is the distance between when Akamai has to build for the contract and when the contract is expected to generate its full revenue run rate. Anthropic's May commitment was $1.8 billion over seven years . The September agreement is approximately $11.6 billion over seven years . Akamai estimates approximately $5.5 billion of capital expenditures tied to the new commitment. The company expects roughly $1.7 billion of that CapEx in the fourth qu...

Treasury Locked In $288.9 Million for CDFIs. The Public Award Database Hasn’t Caught Up. By Hossam Seif | Money Traces | Evidence current as of September 26, 2026 Key Takeaways The U.S. Treasury locked in $288,992,757 for the CDFI Fund on September 23, 2026 — nearly the full amount of FY2025 funding that had been sitting unspent for over a year, according to a sworn declaration from the fund’s director. Award notices started reaching recipients through the CDFI Fund’s AMIS system on September 22, a day before the obligation was formally confirmed in court. The CDFI Fund’s public awards database — the one the agency says lets anyone search every award recipient since 1996 — still had not been updated with the new awards as of September 23. Neither have the award books. No recipient list and no individual award amounts have been published. The Carolinas Credit Union League confirmed Treasury hasn’t identified either. Obligation is not di...