"Bit Of Chaos": Hormuz Shuts Agains As Ships Make U-Turn

New York Legislature Passes Data Center Moratorium Authored by Nicholas Zifcak via The Epoch Times, The New York state Legislature passed a one-year data center permit moratorium June 4 in the final days of the legislative session. If Gov. Kathy Hochul signs it into law, New York would be the first to enact a statewide moratorium. A data center in Tennessee. Courtesy of CleanSpark The legislation requires a pause on permitting while the state Department of Environmental Conservation conducts a comprehensive study on the impact of data centers on electricity, pollution, and water...

Massachusetts Sues UnitedHealthcare Over Alleged $100 Million Fraud Authored by Sylvia Xu via The Epoch Times, Massachusetts sued UnitedHealthcare on May 29, alleging the company defrauded the state’s Medicaid program by making seniors appear sicker than they were to secure higher payments. The company contracted with MassHealth to provide a Senior Care Options—which combines Medicare and Medicaid benefits into one plan—for seniors aged 65 and older. UnitedHealthcare allegedly received more than $100 million in fraudulent payments from MassHealth between 2015 and 2025, Massachusetts Attorney General Andrea Joy Campbell stated in the complaint. UnitedHealthcare, a...

Fuels (And Canada) Spark US Import/Export Price Surge In February As we have noted numerous times in the last week or two, inflation fears are back (or rather stagflation) as growth stagnates and prices re-accelerate...   This morning we get yet more confirmation of the second wave of inflation as US Import/Export prices blew expectations away... US Import prices jumped by 1.5% MoM (the third monthly rise in a row) - the biggest MoM jump since March 2022. The acceleration in prices pushed import costs up 1.3% YoY - highest since Feb 2025. Under the...