Luxury retailer Saks Global has filed for bankruptcy, preparing to reposition itself in the increasingly competitive upscale market after obtaining about $1.75 billion in financing commitments. The New York-based private company that owns retailers Saks Fifth Avenue and Neiman Marcus said in a release Wednesday that it had filed for… Read More
LIV Golf star returns to PGA Tour… but there’s a catch
Brooks Koepka is returning to the PGA Tour just five weeks after bolting from LIV Golf, agreeing to a one-time program for elite players that comes with a financial penalty that could rank among the largest in sports. Koepka plans to resume his PGA Tour career in the Farmers Insurance… Read More
$700 million in cash leaves Minneapolis airport heading to Somalia
The Transportation Security Administration flagged approximately $700 million in cash stuffed in passenger luggage and leaving Minneapolis-St. Paul International Airport over the past two years, according to Homeland Security officials – most if heading to Somalia. That jaw-dropping cash outflow is 10 to 100 times larger than other major U.S…. Read More
Shocking report finds 10% of all federal spending is fraud
Treasury Secretary Scott Bessent released a shocking report this week from the Government Accountability Office, which estimates 10 percent of the annual federal budget is lost to fraud. Between $223 billion and $521 billion in federal spending was lost to fraud, waste, and abuse every year between 2018 and 2022,… Read More
Fed Chairman Jerome Powell blasts Donald Trump on Sunday
Federal Reserve Chair Jerome Powell blasted President Donald Trump on Sunday night in a video response to a criminal investigation. The video is in response to the news that the Department of Justice is investigating Powell over his congressional testimony about the $2.5 billion renovation of the Fed’s headquarters in… Read More
Donald Trump wants to buy $200 BILLION of what!?
President Donald Trump said on social media Thursday that he is directing the federal government to buy $200 billion in mortgage bonds, a move he said would help reduce mortgage rates at a time when Americans are worried about home prices. Trump and the White House have been trying to… Read More
Donald Trump makes big U.S. defense move
President Donald Trump signed an executive order on Wednesday banning defense contractors from issuing dividends and buying back stock — until they produce weapons faster and invest more in American manufacturing plants. Separately, Trump also called for a massive 66% increase in military spending to $1.5 trillion for 2027. The… Read More
BREAKING: U.S. forces seize third shadow fleet oil tanker
U.S. forces seized a sanctioned, illegally flagged oil tanker in the North Atlantic on Wednesday following a dramatic weeks-long pursuit across the Atlantic Ocean. It is the third vessel of the Iranian “shadow fleet” captured under President Donald Trump’s Venezuela blockade campaign. The tanker Marinera — formerly known as Bella… Read More
Joe Biden to ink massive post-presidency payday (on your dime!)
Former President Joe Biden’s cushy retirement is going just fine. And it’s about to get even more comfortable thanks to the findings of a little-known government loophole that could pay Biden a massive payday at the expense of taxpayers. According to new reports, The National Taxpayer Union Foundation estimates that… Read More
Nancy Pelosi got very, very bad investing news late Monday
Bad news for former House Speaker Rep. Nancy Pelosi. The California Democrat just lost another title as she embarks into retirement from Congress. She’s now the former “Queen of the Stocks.” As she gives up power, Pelosi is suddenly no longer on top the throne for having a miraculous best… Read More
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