News

The attack prompted an emergency directive from the Cybersecurity and Infrastructure Security Agency.

Fears are mounting around the health of their lending businesses.

After months of doubt, Salesforce is finally back in the game after rolling out new targets at this year’s Dreamforce conference

Gold (XAU/USD) extends its relentless rally on Thursday, scaling fresh all-time highs as safe haven demand remains firmly in play amid mounting geopolitical and economic uncertainty. At the time of writing, XAU/USD is trading around $4,290, up nearly 11% so far this month and over 60% year to date.

The real reason that tariffs aren’t causing inflation isn’t because domestic firms are eating the costs or foreign firms are paying them, it’s fraud.

Flexport CEO Ryan Petersen this week explained just how easy it is to bypass tariffs. He said there is a “massive fraud” in shipping right now that is “very rampant”

“The way it works: the US is the only country that allows foreign companies to import goods into the country, with no legal entity, no requirement to have an employee locally. You can just import stuff into the country as a foreign company. And then you just lie on your declarations.”

He notes that customs agents are set up for anti-narcotics and there is no real enforcement or inspection of tariffs.

“These companies just cheat and there’s basically no consequence,” Petersen.

The easiest way to do it is simply to lie about the value of goods. You can say they’re worth $200,000 instead of $3 million and no one inspects it. If they are caught, they can just spin up another foreign corporate entity.

He went through manifests and he said about 10-11% of all US imports were switched to listing the foreign factories as the importers from the domestic importer previously and it’s growing rapidly. He noted that 60% of sellers on Amazon are non-resident importers.

This article was written by Adam Button at investinglive.com.

President Donald Trump this week said that he is considering sending Tomahawk missiles to Ukraine to ratchet up pressure on Russia to end the war.

Pritzker has become a leading antagonist of President Donald Trump over federal immigration operations in Chicago and elsewhere.

• There will be a meeting of high level advisors next week
• Putin and I will then meet in Budapest
• Spent a great deal of time talking about US-Russia trade when the war is over
• Still thinks it’s possible to get Zelensky and Putin together

From Putin’s special envoy:

• Trump-Putin call was positive and productive and set out next steps clearly

This article was written by Adam Button at investinglive.com.

A union lawsuit against Trump officials regarding blocked student loan forgiveness is paused due to the government shutdown. Here’s what borrowers need to know.

The Japanese Yen (JPY) extends its winning streak for a third consecutive day against the US Dollar (USD) on Thursday, as the Greenback slides to a multi-day trough amid lingering concerns over the prolonged US-China trade standoff.