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Closed Borders Killing Western Union, Earnings Call Transcripts Reveal
Closed Borders Killing Western Union, Earnings Call Transcripts Reveal
Western Union CFO Matt Cagwin quietly acknowledged in yesterday’s earnings call that fewer border crossings under the Trump admin are chipping away at the remittance behemoth’s profits:
“New migration is the lifeline of our retail business. With borders closed, it is difficult to offset natural attrition… as consumers return home to their native countries,” Cagwin said.
WU has long been the dominant vampire skimming absurd fees off international remittances while providing no technological convenience that Venmo hasn’t already surpassed. It’s instead maintained its...
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May 20, 2026 / Kyle Anzalone
US Forces Board Iranian Tanker
US forces boarded an Iranian tanker in the Gulf of Oman that was suspected of attempting to run the blockade. Earlier today in the Gulf of Oman, U.S. Marines from the 31st Marine Expeditionary Unit boarded M/T Celestial Sea, an Iranian-flagged commercial oil tanker suspected of attempting to violate the US blockade,” US Central Command […]
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Jul 6, 2026 / Kyle Anzalone
NATO to Sideline Zelensky, Ukraine Issue at Upcoming Summit
The North Atlantic alliance will keep discussions on Ukraine to a minimum, and President Volodymyr Zelensky will not be allowed to address the attendees at this week’s summit in Turkey. The steps are being taken to avoid upsetting President Donald Trump. The Telegraph reported on Sunday, “The alliance has opted to keep Zelensky and the […]
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Aug 24, 2026 / Tyler Durden
"Operation Economic Outcast" Begins: Bessent Warns Countries Helping Iran Face Expulsion From Dollar System
"Operation Economic Outcast" Begins: Bessent Warns Countries Helping Iran Face Expulsion From Dollar System
Summary
Bessent Unveils "Operation Economic Outcast" Against Iran
Pakistan enters diplomatic push: Pakistan's army chief reportedly traveled to Tehran after Trump urged him to help reopen Iran talks.
Iran threatens new tanker action: Tehran blacklisted 45 vessels and warned of further Hormuz attacks.
US readies sweeping sanctions: Bessent is preparing a sweeping economic offensive targeting Iran and its trading partners.
Rial collapses: Iran's currency hit a record low as inflation and economic pressures intensify.
Hormuz leverage in question: Washington & Western sources claim US-supervised shipping through the...
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