DOWNTOWN MESA EXODUS for Rebel Wine Bar & Outcast Doughnuts ----- Inconsistencies in Business to Blame

 “We didn’t expect to see anything happen overnight,” Goldsmith says. 

“But we’re two years into this particular location now, Outcast is three years in, and we have seen zero progress.”

This chic wine bar is leaving downtown Mesa, moving to a new Valley home

For the next week, the wine bar is offering discounted drinks to drain its bottles.

By Sara CrockerJuly 17, 2026

Rebel is part of Incomparably Dope Venture Partners, which also owns the downtown Mesa bakery and bar Outcast Doughnuts along with Level 1 Arcade Bar and Alchemy 48, a speakeasy hidden in the arcade’s basement. Outcast Doughnuts closed on July 19.

• Goldsmith says business in Mesa was inconsistent, and 
• They never saw the promised crowds moving into new Mesa apartments. 
• Ultimately, it didn’t make sense financially for the wine bar or doughnut shop to try to ride it out.

Goldsmith and co-owner Macee Tillman announced Rebel’s impending closure on social media on July 15. The wine bar will remain open in Mesa until July 24 or until the bar runs out of beer, wine and spirits, whichever comes first. To send off Rebel and clear out those bottles and cans, Rebel is offering $5 beer and wine, along with discounts on bottles. 

Guardians of the Strait? The New Reality in Hormuz | What's Going on With Shipping?

risis, Sal Mercogliano reports from the Irish Sea on the rapidly escalating situation in the Middle East. From the announcement of the "Guardians of the Strait" and proposed cargo tolls to the reappearance of Houthi interdictions in the Bab el-Mandeb, the maritime landscape is shifting once again. We break down the latest tanker attacks, the impact of new blockades on Saudi Arabian ports, and why the brief guise of a ceasefire has completely vanished.

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14 hours ago

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Key Points:

⚓️Guardians of the Strait: Analysis of the latest administration statements regarding U.S. control and the controversial proposal for a 20% cargo toll. ⚓️Houthi Blockade: The Houthis have announced a blockade targeting ships serviced in Saudi Arabian ports, causing immediate U-turns in the Gulf of Aden. ⚓️Tanker Attacks: A recap of the ninth and tenth nights of strikes, including reports of abandoned Kuwaiti and Greek tankers following live-fire incidents. ⚓️Infrastructure Strikes: Details on U.S. strikes against Iranian bases and the use of sea drones in recent combat operations. ⚓️Seafarer Impact: The rising death toll among merchant mariners and the desperate measures ship owners are taking to maintain crews in high-risk zones. Contact What's Going on With Shipping via: Patreon: www.patreon.com/wgowshipping Twitter: @mercoglianos Bluesky: @mercoglianos.bsky.social Facebook: @wgowshipping Email: mercoglianosal@gmail.com 00:00 - Introduction & Live from the Irish Sea 01:03 - Top Stories: Houthi Blockade & Shipping Impacts 02:49 - Strait of Hormuz Traffic Lockup & US Strikes 03:31 - Tankers Abandoned & Havoc in the Region 04:36 - Review of Recent Events (Since July 12th) 05:51 - "Guardians of the Strait" & Proposed Tolls 06:53 - Search for Missing Crew & Resumed Blockade 07:54 - Missile Attacks on VLCCs & Safety Warnings 09:02 - Seafarer Death Toll & US Sea Drones 10:26 - Jones Act Waivers & Tanker Fleet Needs 11:41 - International Reactions & Houthi Strategies 13:16 - Limitations of Securing the Strait 14:40 - Alternative Oil Routes & Iraqi Logistics 15:47 - Summary of the Crisis & Final Thoughts gCaptain www.gcaptain.com Lloyd's List www.lloydslist.com

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Are Red Sea, Hormuz & Black Sea Becoming A Global Economic Threat?

Uploaded: Jul 23, 2026

How Kalshi's pitching Wall Street --- Prediction markets planted their flag on Main Street. Now they’re targeting Wall Street | Business Insider

Kalshi is pitching Wall Street by positioning its prediction market platform as a precise risk-management and hedging tool, alongside offering direct data on future economic and tech trends. [1, 2, 3, 4] 

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Inside Kalshi's plan to attract Wall Street traders

Uploaded: Jul 22, 2026

The Pitch and Strategy

Direct Hedging: Rather than betting on sports or entertainment, Kalshi pitches institutional firms on using customizable event contracts to offload specific macroeconomic and corporate risks more directly than traditional financial hedges allow

BI THE BIG STORY A new hedging hopeful  Prediction markets planted their flag on Main Street. Now they’re targeting Wall Street.  Yesterday afternoon, I spoke with Andy Ross, Kalshi’s head of institutional, about the platform’s push to get institutional investors on board.  The 40-minute conversation covered how Ross is trying to woo bigger players onto the platform, the impact it can have on their businesses, and how he navigates concerns about prediction markets. I think it’s worth a watch, but I’m biased.  In the meantime, here are some of the big takeaways. Same platform, new pitch: Kalshi isn’t going after Wall Street because it thinks finance firms want to place wagers on the NFL or NBA. The value prop for institutions is about creating an easier way to hedge themselves.  Helping companies and investors offload risk has been a staple of the financial markets forever. But Kalshi’s pitch is that traditional hedges aren’t always direct. The customizable nature of the contracts means prediction markets can offer a more direct line to the risk you’re trying to protect against. A new data source: Kalshi’s current relevance to Wall Street is arguably more as a data source than a trading venue. With millions of users weighing in on a wide range of topics, there’s a lot of valuable information to digest.  The crowdsourced approach to markets also yields highly accurate data, according to Ross. He cited an internal analysis that found some of Kalshi’s markets were right 93% of the time a week out from an event. It’s also a great way to get a foot in the door for Ross. "I can't tell you the number of conversations that I've had, which is, ‘Give me the data. Great, right, wow, that's amazing. Explain how I can trade now tomorrow please,’” he told me.

Illustration by Davide Bonaldo/SOPA Images/LightRocket via Getty Images Liquidity is key: Kalshi doesn’t take a side in any of its markets, meaning it needs to constantly find buyers and sellers of an outcome. That gets harder as trades get larger and more customized. These days, the process can be a bit manual. Ross told me about how he personally called a market maker to help a hedge fund set up a trade on US CPI. But he’s confident the liquidity will come as Kalshi continues to build out all the “pipes and plumbing.” The key benchmark he’s watching: banks coming on the platform.  “They're doing it because their clients want to. There's palpable demand around that. That's the thing that I think is the key sort of trigger point that I'm looking at,” he said. Addressing criticism: Gambling. Insider trading. A regulatory gray area. These are some of the common criticisms levied against prediction markets. They’re also things Wall Street typically tries to avoid.  Ross said those questions come up a lot on the Street, but his response is direct.  “If you want to try and do some market manipulation, insider trading on Kalshi, we will find you. We know where you are, and you'll go to jail,” he said.  (I told Ross he was giving off Liam Neeson “Taken” vibes. We’ll see if Kalshi books Neeson for its next ad campaign.)  Sports: The biggest driver of Kalshi’s business is sports. Meanwhile, Wall Street is plowing money into sports ownership. So, as Kalshi looks to grow its institutional base, is there a good fit on the field (or the owners' box)?  In some ways, sports owners using Kalshi makes a lot of sense. Sports are big business, with their media rights fetching top dollar. Having a channel to hedge risk could give owners more flexibility.  Ross said he’s not personally had conversations with officials at professional leagues. He also acknowledged that the incentives can be tricky. "Neither do you want to be able to say, right, I'm going to put a hedge on that I'm going to get relegated, and then you sell all your players, right? That's the concern,” Ross said. Are you an executive interested in joining a BI Live Q&A? Drop me a line at ddefrancesco@businessinsider.com. Watch the full interview

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Donald Trump CONTINUES TO LIE about his reckless and costly war of choice in Iran. Americans want lower costs, not another forever war.