Rubio Hints At US-Iran News "Later Today" As Talks To Reopen Hormuz Gain Steam

DoJ Opens Criminal Probe Into Meatpacking Cartel As Food Stocks Slide Shares of Tyson Foods and Smithfield Foods fell in late-morning trading in New York after The Wall Street Journal reported that the Justice Department's antitrust division has opened a criminal probe into major meatpackers. The report follows President Trump's push for an investigation into meatpackers as supermarket beef prices remain near record highs. Criminal antitrust cases are typically brought for alleged price-fixing, collusion, or bid-rigging. While the DoJ previously disclosed an investigation into beef companies after Trump called for action, it...

CoreWeave Founders Cashed Out $3.3 Billion Before The Meltdown Before CoreWeave imploded, its three co-founders had been busy dumping stock, a lot of it, totaling $3.3 billion since the company's March 2025 IPO. The AI cloud provider rents access to Nvidia-powered data centers that fuel the AI circular financing scheme. Its unsecured bonds due in 2032 have crossed into distressed territory, and its five-year CDS spreads have blown out as debt levels at hyperscalers and neocloud providers come into question. Michael Intrator, Brian Venturo and Brannin McBee sold $2.4 billion this...

Mobile Tax Preparers Indicted Over 9,000 Allegedly Fraudulent Returns Seeking $177 Million, With $81 Million Already Paid Out A federal indictment announced Wednesday accuses six people tied to one Mobile, Alabama, tax shop of filing more than 9,000 false returns that sought more than $177 million in refunds, about $81 million of which the IRS actually issued, prosecutors say.Prosecutors say Jennifer Beverly, 47, owned and ran JB Accounting Tax Service LLC in Mobile from roughly 2022 through 2024. Five of her employees are charged alongside her: Jadasha Bowman, 28; Kennedy...