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Federal Investigation Of Gavin Newsom Expands

Federal Investigation Of Gavin Newsom Expands According to a new report, the Justice Department has expanded its federal criminal investigation into California Gov. Gavin Newsom to include his international travel and personal expenses related to a nonprofit that funds his trips through private donations rather than taxpayer money. Earlier this month, the US Attorney's Office served subpoenas asking for about six years' worth of communications relating to the California State Protocol Foundation, according to the San Francisco Standard. They sought records concerning the foundation's donors and fundraising, Newsom's overseas travel and...
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Jul 16, 2026 / Tyler Durden
Despite Slumping Sentiment & Lower Gas Prices, The American Consumer Is Still Spending Strongly
Despite Slumping Sentiment & Lower Gas Prices, The American Consumer Is Still Spending Strongly While headline spend at gas stations is expected to decline (due to tumbling pump prices), BofA's almost omniscient analysts forecast a stronger than consensus print for today's US Retail Sales data. After a big jump in May (revised up), June's Headline retail sales rose 0.2% MoM (as expected), with sales up 6.7% YoY (down modestly)... Gasoline Stations sales saw the biggest decline (along with small drops in Health Personal Care and Food and Beverage). Nonstore Retailers saw the...
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May 31, 2026 / Tyler Durden
Fighting While Talking, Horses And Security
Fighting While Talking, Horses And Security By Peter Tchir of Academy Securities Fighting While Talking, Horses, and Security Some quick updates on recent themes. The latest on Iran is front and center, and if you missed this week’s Around the World, it is worth a look. Not just an Iran update, but we also cover Cuba, Russia/Ukraine, the China Summit, and Nigeria (I certainly need to get more up to speed on Africa). We will examine Universal Basic Income and the Job Market in the section we have decided to label Horses. While it feels...
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Mar 3, 2026 / Tyler Durden
Trump Floats Backing Anti-Tehran Insurgency As Alternative To US Boots On Ground
Trump Floats Backing Anti-Tehran Insurgency As Alternative To US Boots On Ground It's only day four of the US-Israeli 'Operation Epic Fury' and there's already talks of a ground war and insurgency in Iran. Of course, the White House is still saying it doesn't plan to send US boots on the ground (though is 'not ruling it out'), while also proclaiming the US wants regime change in Tehran, and the dismantling of the Islamic Republic as a state and system is a formal objective.  But as the Bush Necons learned in Iraq,...
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