US Treasury Sanctions Iran's Largest Crypto Exchange

"Completely Insane": Federal Govt Withholds $1.3BN In Medicaid Reimbursements To California, Citing Fraud Authored by Lawrence Wilson via The Epoch Times, The Trump administration will withhold $1.3 billion in Medicaid payments to California due to potentially fraudulent billing patterns, Vice President JD Vance announced on May 13. The action comes among a host of others taken recently to crack down on fraudulent activity in Medicare and Medicaid. “We want to protect these programs for the kids and the families who need them. We want to ensure that the American taxpayer isn’t getting fleeced,”...

Latest Global Sportswear Supply Chain Read-Through Remains Bearish The S&P 500 Textiles, Apparel & Luxury Goods sub-industry index (S5TEXA Index), which includes names such as Nike, Lululemon, Deckers Outdoor, Ralph Lauren, and others, is down 15% year-to-date and roughly 65% from its late 2021 peak. With the index now hovering around Covid-era lows, Goldman analysts have published their latest read on textiles, apparel, and footwear, which explains why sentiment across the global industry remains so bleak.  Analysts led by Michelle Cheng reported that major Asian sportswear OEM March orders were mixed,...

President Donald Trump blasted the UK and Spain for not assisting the US and Israel’s war against Iran. Trump said he ordered the Treasury to cut all dealings with Madrid.  “Some of the European nations have been helpful, and some haven’t, and I’m very surprised,” Trump said during a press conference with German Chancellor Friedrich […]