US Treasury Department Issues Waiver for Iranian Oil Sales Amid Switzerland Talks

"Serve Your Country": Uncle Sam Seeks Investment Bankers For 'Economic Defense Unit' The Department of War is reportedly building a 30-person investment banking team, called the "Economic Defense Unit," to deploy $200 billion in private equity over three years into defense companies and, more importantly, war unicorns, as the race to secure the Western Hemisphere and counter China, Russia, and Iran intensifies in the Trump era. Seamfor reviewed a slide deck from the headhunting firm Heidrick & Struggles that says DoW is seeking to stack EDU with bankers from Goldman...

Will Black Voters Rescue The GOP In 2026? The Republican Party is bracing for a brutal midterm election this year. Polls show Democrats ahead in the generic congressional ballot, and prediction markets give them solid odds of taking the House and a modest chance of flipping the Senate. But despite polls and prediction markets, there are signs that the GOP could defy history. And it comes down to black voters. Could black voters actually be the secret weapon that keeps Republicans in power after the 2026 midterms? The numbers, at least according...

Diageo Shares Plunge Most In Two Years On Weaker Guidance, Dividend Cut Shares of Diageo Plc fell the most in 2 years after the maker of Guinness beer and Johnnie Walker whiskey cut its guidance for the second time this fiscal year amid soft demand in the US and China markets. The move marks an early challenge for new CEO Dave Lewis. The British distiller now expects organic net sales to decline by 2% to 3% this fiscal year, down from previous guidance of flat to slightly down, and said it...