$16M Hospice Fraud Exposed In Newsom's California As Trump Admin Ramps Up Crackdown

France Plans €10 Billion Push To Cut Reliance On Gas and Oil France is shifting its response to rising fuel costs away from short-term relief and toward long-term electrification, according to Prime Minister Sébastien Lecornu. Instead of expanding fuel subsidies after oil prices spiked due to the Iran conflict, the government plans to redirect funding into helping households and businesses transition to electric energy, according to Bloomberg. Under the plan, annual support for electrification will nearly double to €10 billion by 2030, up from €5.5 billion today. The increase will come...

Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)... Source: Bloomberg Non-seasonally adjusted across all the states saw a 299k drop in claims led by Rhode Island and Arizona (California and Michigan saw the biggest increases)... Continuing jobless claims also...

President Donald Trump said an Apache helicopter was shot down by Iran. He claimed that the crew members survived but that he would attack Iran in response.  “I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait […]