FBI Arrests Eight Suspects In $60 Million LA County Over Hospice Fraud

'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling Things are not going to be fun in South Korea tonight... Good news first... SK Hynix's net income surged a bigger-than-expected 1,242% (though admittedly on one-time investment gains) with the ginat chipmaker bragging that it won multiyear contracts with around 10 customers. Ok, now the bad news... SK Hynix’s quarterly profit rose a smaller-than expected 557%. The key supplier of Nvidia reported operating profit of 60.5 trillion won ($42 billion) in the June quarter, well below analysts’ average projection for 64.2 trillion won. Revenue came...

Race To Refill U.S. Weapons Stockpiles Will Supercharge War Economy The U.S. military's 55-day war with Iran has alarmingly drawn down several categories of high-end air-delivered munitions, forcing the Department of War to draw from critical stockpiles in Asia and Europe. The drawdown of these weapons only suggests a possible readiness problem and helps explain why President Trump's war economy is set to accelerate, with expected increases in munitions production.  The New York Times has released a report that says since the US-Iran conflict began in late February, the US military...

Feedom Of Navigation By Bas van Geffen, senior market strategist at Rabobank The Houthis are considering charging fees on vessels sailing through the Bab el-Mandeb Strait. Reuters reported that the plan was discussed with Iran’s leadership, who have offered help to set up an authority to collect the toll. Besides the potential revenue source, the aim of the Bab el-Mandeb fees would reportedly be to normalize the idea of charging fees on international waters. But freedom isn’t fees. President Trump has repeatedly rejected the idea of Iran levying a toll in the Strait...