America’s Financial Cushion, at Every Level, Is Gone
The United States crossed a fiscal milestone this week that few economists wanted to see: the national debt surpassed 100% of GDP for the first time since World War II. But the more revealing story is in the savings accounts, car loans, and kitchen-table calculations of ordinary Americans. The financial buffer that households and the […]
Medicare Portal Exposed Health Providers’ Social Security Numbers for Weeks Before a WaPo Reporter Found It
A publicly accessible database powering a new federal Medicare portal exposed health care providers’ Social Security numbers for at least several weeks before a Washington Post reporter flagged the problem to officials, the Post reported on Thursday. The Centers for Medicare and Medicaid Services built the directory to help seniors identify which doctors and medical […]
US Drains Emergency Oil Reserve at Fastest Pace in Years While Exports Hit All-Time Record
The United States released oil from its Strategic Petroleum Reserve at the fastest weekly rate since 2022 last week, even as American petroleum exports shattered all-time records, driven by the Iran war’s disruption of global energy supply chains. The Department of Energy released 7.1 million barrels from the SPR in the week ending April 24, […]
Huawei Eyes $12 Billion in AI Chip Revenue as DeepSeek V4 Drives Orders Away From Nvidia
Huawei expects its AI chip revenue to climb 60% to roughly $12 billion in 2026, as Chinese tech giants flood the company with orders for its latest Ascend processors and US export restrictions push domestic demand toward homegrown alternatives. The Financial Times reported the projection, citing orders Huawei received following the release of DeepSeek V4 […]
Canadian Stock Market Posts Best Two-Year Run in Decades as US Investors Eye Exits
Canada’s benchmark stock index has climbed nearly 37% over the past year, its strongest sustained run since the late 2000s, as a commodity surge and investor flight from US markets reshape global capital flows. The S&P/TSX Composite Index closed at 33,964.33 on April 30, up 9,122.65 points — or 36.72% — from a year earlier. […]
Bridger Pipeline Gets Greenlight From Trump to Revive Canadian Crude Exports with Keystone XL Assets
U.S. President Donald Trump signed an executive order on April 30, authorizing Bridger Pipeline LLC to construct a 1,038-kilometer pipeline that will transport Canadian crude from the U.S.-Canada border in Phillips County, Montana, to Guernsey, Wyoming. The project, which could move up to 550,000 barrels per day, marks a significant step toward reviving elements of […]
Nevada Judge Bans Kalshi from Offering Prediction Market Contracts Across State
A Nevada judge has issued an order barring prediction market operator Kalshi from offering sports, election, and entertainment-related event contracts to state residents without a gaming license, marking a significant regulatory hurdle for the New York-based company. Judge Jason Woodbury, ruling from Carson City, extended a temporary restraining order initially set on March 20, and […]
U.S. Senate Unanimously Bans Senators from Prediction Market Trading Amid Insider Concerns
The U.S. Senate has unanimously passed a rule banning senators from trading on prediction markets, effective immediately, in a decisive response to mounting concerns over insider trading and unethical event contracts. The decision, enacted on April 30, targets platforms like Kalshi and Polymarket, where bets on elections, military actions, and even violent outcomes have raised […]
Belgium Halts Nuclear Shutdowns, Targets 4 GW Capacity by 2040
Belgium’s government has launched a bold plan to nationalize its nuclear power industry, announcing a full takeover of French energy giant Engie’s nuclear assets in the country, including seven reactors managed by its Electrabel subsidiary. Prime Minister Bart De Wever confirmed the move, signaling a reversal of decades-old policies to phase out nuclear energy amid […]
Peter Schiff Claims New Docs Reveal Improper IRS-Puerto Rico Deal Closed His Bank
Peter Schiff is calling for a congressional investigation into the 2022 shutdown of Euro Pacific International Bank, alleging newly obtained IRS and Puerto Rico regulator emails show the bank was closed through an improper arrangement between the IRS and Puerto Rico’s Office of the Commissioner of Financial Institutions. The allegation centers on what he describes […]