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EU NatGas Hits 2023 Energy Crisis Levels As Trump's "Economic D-Day" Clouds Hormuz Reopening
EU NatGas Hits 2023 Energy Crisis Levels As Trump's "Economic D-Day" Clouds Hormuz Reopening
European natural gas prices surged to levels last seen during the energy crisis triggered by Russia's invasion of Ukraine, when severe supply disruptions sent global markets into turmoil.
The catalyst was an overnight Truth Social post from President Trump declaring "ECONOMIC D-DAY" against Iran. The announcement raises the probability of prolonged disruption in the Strait of Hormuz, a critical maritime transit corridor for Gulf energy exports.
For Europe, continued disruptions in the Strait of Hormuz would constrain access...
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Oct 20, 2026 / Tyler Durden
$270 Million In Suspicious Student Aid Fraud Flagged By Treasury
$270 Million In Suspicious Student Aid Fraud Flagged By Treasury
Authored by Naveen Athrappully via The Epoch Times,
The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has discovered roughly $270 million in suspicious financial activity likely associated with student aid program fraud.
FinCEN issued an alert in July asking financial institutions to report suspicious activities linked to student aid fraud.
A review of submitted reports identified more than 20,000 potentially suspicious transactions since February this year. FinCEN has reported approximately $270 million in suspected fraud to federal investigators for further investigation,...
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Jun 17, 2026 / Tyler Durden
Rolls-Royce Bags Third European SMR Deal While Adding Gas-Cooled Reactor Design
Rolls-Royce Bags Third European SMR Deal While Adding Gas-Cooled Reactor Design
Rolls-Royce SMR just added its third major European contract. Videberg Kraft, backed by Sweden’s utility Vattenfall, selected the UK design for three units on the west coast, making it Sweden’s first new nuclear plant in more than forty years.
The multibillion-pound export win, actively supported by UK government trade efforts, lands on top of existing deals in the UK and Czechia and makes Rolls-Royce the only SMR developer with multiple binding commitments across the continent.
We tracked when the UK advanced...
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Oct 21, 2026 / Tyler Durden
Wall Street Set For Largest Bonuses In Industry History This Year
Wall Street Set For Largest Bonuses In Industry History This Year
New York's financial industry is enjoying an extraordinary earnings boom, with profits potentially topping $90 billion this year and setting the stage for the biggest round of Wall Street bonuses on record, according to Bloomberg.
According to a new analysis from State Comptroller Thomas DiNapoli, securities firms generated more money during the opening six months of 2026 than in any comparable period previously recorded. If that performance continues, the industry could blow past its $65.1 billion earnings record from 2025.
Much...
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