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KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG, one of the Big Four accounting firms, is winding down its federal government audit business after losing a $64 million-a-year U.S. Army audit contract, a major setback as the Department of War under Defense Secretary Pete Hegseth moves to bring in another accounting firm.
According to the Financial Times, the Army's shift to a new auditor comes as pressure intensifies on Hegseth to gain control of the DoW's finances after nearly a decade of failed independent audits.
The DoW, which oversees...
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Jul 10, 2026 / Tyler Durden
Trump Administration Launches Major H-1B Visa Fraud Investigation
Trump Administration Launches Major H-1B Visa Fraud Investigation
Via American Greatness,
The Trump administration has launched its first major investigation into alleged fraud involving H-1B and PERM visa programs, expanding its effort to combat immigration-related fraud and protect American workers.
🚨PRESS RELEASE: U.S. Department of Labor, Office of Inspector General Launches Investigation into H-1B Visa Fraud and Human Trafficking to Protect American Workers
Read:⤵️https://t.co/uBG4GjU1up pic.twitter.com/naWt7h3AP3
— DOL OIG (@DOLOIG) July 8, 2026
Labor Department Inspector General Anthony D’Esposito announced the investigation Wednesday during an appearance on Fox Business, saying the probe will examine allegations of H-1B and...
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Aug 11, 2026 / Kyle Anzalone
Trump Announces Release of American Held By Russia
President Donald Trump said that Russia agreed to release Robert Gilman without a prisoner exchange. “I am proud to announce that American Citizen Robert Gilman, a former United States Marine, is coming HOME!” the President wrote on Truth Social Tuesday. “We appreciate this decision, and the fact that Russia asked for no one in return […]
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May 28, 2026 / Tyler Durden
Solar Stocks Flash Major Technical Breakout As Tariff Talk Escalates
Solar Stocks Flash Major Technical Breakout As Tariff Talk Escalates
Solar stocks are showing a clear technical shift, breaking above a well-defined downtrend after more than five years of sustained pressure.
UBS analyst Catherine Gordon is attributing the surge in solar stocks to falling yields and renewed policy momentum. A potential Section 232 tariff announcement in mid-to-late June is adding fuel to the rally, with First Solar leading the charge.
The UBS Solar basket (UBXXSOL) is now up 40% year-to-date.
Gordon provided more context on what's powering UBXXSOL higher:
Clean tech names are outperforming...
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