India Panics, Further Tightens Gold Flows As Rupee Collapses

Samsung, South Korean Union Resume Talks As Strike Threat Risks Disrupting Memory Chip Fabs Heavy selling swept across Asian markets on Friday, with South Korea's benchmark KOSPI plunging 6% as traders aggressively reduced exposure to the country's semiconductor sector. Samsung Electronics and SK Hynix led the decline. The catalyst for the sell-off was labor action risk headlines at Samsung, where the company's union threatened a strike that could disrupt production lines at the world's largest memory chip manufacturer. By Saturday morning, there was a major sigh of relief: Samsung and its...

Texas To Face $700 Million In Federal Penalties For SNAP Errors Through 2027 Authored by Sylvia Xu via The Epoch Times, Texas is expected to pay $708 million more by 2027 to the federal government in penalties for erroneous distributions from the Supplemental Nutrition Assistance Program (SNAP). The state officials released the cost in a presentation to the Senate Committee on Health and Human Services on April 8. The state payment error rate was estimated to be nearly 9 percent in fiscal year 2025, totaling $627 million in erroneous payments. Under the One Big...

Trump Begins Blockade Of Hormuz Strait, Says Iran "Will Not Be Allowed To Profit From Extortion" Summary President Trump begins blockading Strait of Hormuz, warns US military will "finish up the little that is left of Iran" 2 Supertankers U-turn after peace deal talks fail UAE Oil Chief warns Iran blocking Hormuz is "a direct threat to the energy, food and health security of every nation" The odds of a peace deal by the end of the ceasefire period has collapsed... President Trump Begins Blockading Strait Of Hormuz President Trump said the US would blockade the Strait...