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'Quality Learing Center' And 20 Other Somali-Linked Businesses Raided By FBI, Homeland Security In Minnesota
'Quality Learing Center' And 20 Other Somali-Linked Businesses Raided By FBI, Homeland Security In Minnesota
Federal agents from the FBI and Homeland Security Investigations (HSI) executed court-authorized search warrants at more than 20 locations across the Minneapolis area early Tuesday morning, targeting businesses primarily linked to the Somali-American community as part of an ongoing criminal fraud investigation.
Fox News congressional correspondent Bill Melugin reported that the Department of Justice confirmed the operation to the network, stating it involves "court-authorized law enforcement activity as part of an ongoing fraud investigation." A separate...
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Apr 13, 2026 / Tyler Durden
Bank Lobby Fires Back At White House, Saying Stablecoin Study Ignores Community Bank Threat
Bank Lobby Fires Back At White House, Saying Stablecoin Study Ignores Community Bank Threat
Authored by Micah Zimmerman via BitcoinMagazine.com,
The American Bankers Association is warning that the White House’s latest stablecoin study is asking the wrong question and underestimating the threat to community banks.
On April 8, the Council of Economic Advisers released a 21‑page paper modeling what happens if payment stablecoin issuers are barred from paying yield. The analysis, tied to the 2025 GENIUS Act’s prohibition on interest for payment stablecoins, finds that banning yield would raise bank lending by only about 2.1 billion...
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May 26, 2026 / Tyler Durden
Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers
Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers
SSDD: with stocks set to hit new record highs, the hope this morning once again is that the days may be numbered for the war in Iran, with momentum building since the start of the weekend that a deal could be in the works. Brent, which ended last week at $103.54/bbl, is this morning trading at $97.87/bbl, around -5.48% lower than Friday’s close. However, Brent had got as low as $96.02 late yesterday before news overnight that US and...
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Apr 1, 2026 / Tyler Durden
Israel Halts Arms Purchases From France In Rebuke For Iran War Stance
Israel Halts Arms Purchases From France In Rebuke For Iran War Stance
Israel on Tuesday took the drastic step of announcing that it will halt the acquisition of defense-related goods and services from France, according to an Israeli Defense Ministry announcement.
"The Director General of the Israel Ministry of Defense. Maj. Gen. (Res.) Amir Baram has decided to reduce all defense procurement from France to zero, replacing it with domestic Israeli procurement or purchases from allied countries," a Defense Ministry spokesperson confirmed.
via Reuters
The move is being done in direct rebuke to...
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