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Fintech and private credit, two emerging sectors of finance, are joining forces in a new multibillion-dollar joint venture. With a new agreement, private credit firm Sixth Street is investing $4 billion in loans over three years, giving Affirm Holdings its largest-ever capital commitment. For Affirm to underwrite short-term installment loans with terms ranging from four to six months, Sixth Street is making an upfront financial commitment. After being repaid, the capital is reinvested in the fund to make additional loans, potentially totaling over $20 billion throughout the partnership's three years.According to someone familiar with the details, the loan sale won't begin until 2025, and the transaction includes a ramp. Alternative asset managers are increasingly turning to nonbank fintech...

Vice President-elect JD Vance will have Daniel Penny, who was found not guilty in the chokehold death of Jordan Neely, as a personal guest at Saturday's Army-Navy game. In Landover, Maryland, at 3 p.m. ET, Vance and Penny will watch the game from Trump's suite at Washington Commanders Stadium. Penny's intention to go to the game was initially reported by the Allbritton Journalism Institute's NOTUS magazine. In the New York chokehold case, Penny, a former Marine, was found not guilty of criminally negligent homicide by a jury on Monday. After choking the 30-year-old homeless man on a metro train in May 2023, Penny, who was 24 at the time, was charged by the prosecution with causing Neely's death. Neely had been acting strangely and shouting when he got on the subway, and he had a history of...

In relation to a home invasion in Pennsylvania earlier this month that left a 25-year-old man dead and his mother disabled after being shot several times, one of two suspects has been taken into custody. The Montgomery County District Attorney's Office said Thursday that Charles Fulforth, 41, of Jenkintown, was charged with second-degree murder, robbery, burglary, and other offenses in connection with the fatal home invasion that occurred in Lower Merion Township on December 8. However, police are still looking for another guy, 42-year-old Philadelphia resident Kelvin Roberts, and are offering a $5,000 reward for information that could lead to his apprehension. Around 2:20 a.m. on December 8, Lower Merion Police received their first call regarding a shooting at a home invasion. Officers ar...

As he attempted to lead France out of political turmoil after an o-confidence vote that overthrew previous Prime Minister Michel Barnier's cabinet last week, President Emmanuel Macron selected centrist supporter Francois Bayrou as the country's next prime minister on Friday. The 73-year-old founder of the Democratic Movement party, Bayrou, will now have to try to form a government capable of passing legislation in the same sharply split parliament that united in a rare show of solidarity to overthrow Barnier on December 5. Addressing France's failing economy and creating a budget that cuts costs and is approved by lawmakers will be his key responsibilities. This was a challenging undertaking that contributed to Barnier's demise. Three months after Barnier was chosen by Macron, he was remov...

After former Prime Minister Michel Barnier's administration was overthrown by a vote of no confidence earlier this month, French President Emmanuel Macron nominated his centrist ally Fran ois Bayrou as the country's new prime minister on Friday in an attempt to keep it out of political turmoil. The 73-year-old Bayrou, who founded the Democratic Movement party, will now have to try to form a government capable of passing laws in the same sharply split parliament that united in a rare show of solidarity to overthrow Barnier on December 5. Addressing France's failing economy and creating a cost-cutting budget that lawmakers can approve—a challenging undertaking that contributed to Barnier's downfall—will be his primary tasks. Three months after Barnier was chosen by Macron, he was removed, ma...

What can be the most crucial The NFL matchup in Week 15 isn't a matchup between the division leaders. Not even two teams with winning records are included. However, of the week's noteworthy games, the Indianapolis Colts' trip to Denver to play the Broncos could be the one that has the greatest potential to change the playoff picture. No, it's not the 10-win Buffalo Bills vs. 12-win Detroit Lions or the 10-win Pittsburgh Steelers vs. 11-win Philadelphia Eagles, two games on Sunday that might determine the No. 1 spot in the NFC or maintain long-shot routes to the top slot in the AFC. However, those four teams are almost guaranteed to make the playoffs or have already secured them. Meanwhile, the Broncos (8-5) and Colts (6-7) are still vying for spots one month before the playoffs start, and ...

Lawmakers still want additional information, despite the White House's claim that drones flying over New Jersey and New York don't represent a public safety risk. According to the corporation, UnitedHealthcare never had insurance for the suspect in CEO Brian Thompson's death. Additionally, following an NBC News exposé, a couple's $92,000 medical debt is erased. What to know today is as follows. Lawmakers demand more information about mysterious drones The White House is downplaying recent enigmatic drone sightings in New Jersey and New York. A White House National Security official is adamant that there is currently no proof that the reported sightings are related to foreign countries or pose a threat to public safety or national security. Still, important senators and members of the H...

Israel gave troops instructions on Friday to get ready to spend the winter on Mount Hermon, a strategic peak inside a buffer zone that has been shared with Syria for decades but that Israeli forces have taken control of since the fall of the Assad administration. Israeli Defense Minister Israel Katz said in a statement that, given the situation in Syria, "our holding of the Hermon peak is of great security importance and everything must be done to ensure the IDF's preparations in the area, to allow the troops to stay there in the difficult weather conditions." Although Israel has maintained that its presence in the buffer zone is defensive and transitory, worries have been raised by what UN chief António Guterres called "severe violations of Syria's sovereignty and territorial integrity" o...

A phony Uber driver who is accused of stealing over $300,000 in bitcoin from unwary passengers has been taken into custody by police. Nuruhussein Hussein, 40, was arrested by Scottsdale, Arizona, a desert community east of Phoenix, on Wednesday on felony counts of theft, fraud, and money laundering, according to a statement from the Scottsdale Police Department. Police claimed they discovered that between March and December of this year, the suspect posed as an Uber driver and picked up gullible passengers who had requested a real trip outside a Scottsdale hotel as part of a combined operation with the US Secret Service field office in Phoenix. According to the police, Hussein would then want to use the victim's phone, claiming that he needed to connect to the Uber app or look up instructi...

Israel gave troops instructions on Friday to get ready to spend the winter on Mount Hermon, a strategic peak inside a buffer zone that has been shared with Syria for decades but that Israeli forces have taken control of since the fall of the Assad administration. Israeli Defense Minister Israel Katz said in a statement that, given the situation in Syria, "our holding of the Hermon peak is of great security importance and everything must be done to ensure the IDF's preparations in the area, to allow the troops to stay there in the difficult weather conditions." Although Israel has maintained that its presence in the buffer zone is defensive and transitory, worries have been raised by what UN chief António Guterres called "severe violations of Syria's sovereignty and territorial integrity" o...