ActiveInvestorMag.com: Washington

Justice Department opens a criminal investigation into Corey Lewandowski’s time at DHS

Fri, 23 Oct 2026 14:17:00 GMT

The probe follows an inspector general referral on contracting during Kristi Noem’s tenure, including a $220 million ad campaign and ties to GEO Group.

The Justice Department has opened a criminal investigation into Corey Lewandowski over his tenure at the Department of Homeland Security, according to sources. The department is looking into allegations involving Lewandowski, a former top adviser to ex-Homeland Security Secretary Kristi Noem. Investigators are examining whether he profited from his work for Noem.

The DHS inspector general referred its investigation of Lewandowski to the Justice Department for review. The inquiry follows that referral into potential contracting fraud during Noem’s tenure as Homeland Security secretary. The probe centres on contracting decisions made during her brief time at DHS.

Lewandowski, the first manager of Trump’s 2016 presidential campaign, served as a top aide to Noem. Trump fired Noem in March.

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Trump invokes the Defense Production Act to put $150 million into US refining

Fri, 23 Oct 2026 14:17:00 GMT

The president announced the step at an Iowa rally, and the Energy Department said the money would restart a refinery and expand fuel output.

President Donald Trump invoked the Defense Production Act to spend $150 million on domestic gas and diesel production, with the stated aim of lowering fuel prices. “In more breaking news, my administration is using the Defense Production Act to release $150 million to increase American refining capacity,” Trump told a rally in Sioux City, Iowa. He told the crowd the money would increase refinery capacity “to produce more diesel”.

The White House published a presidential determination under Section 303 of the Defense Production Act of 1950 on domestic petroleum production, refining and logistics capacity. The memorandum, addressed to the Secretary of War, cites Executive Order 14156 of 20 January 2025, which declared a national energy emergency under the National Emergencies Act. Trump made the determination on Thursday.

The Energy Department said it would use the funding to restart an American refinery and expand refining capacity. The department described the plan as one that would add millions more gallons of fuel a day.

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Blackstone’s inflows reach $63 billion as rising rates slow private equity and real estate exits

Thu, 22 Oct 2026 21:17:00 GMT

Shares rose 6% on an earnings beat, while proceeds from private equity asset sales fell 49% and the firm cast widening spreads on AI-related debt as a chance for higher returns.

Blackstone’s inflows reached $63 billion in the third quarter, with positive momentum across its major fundraising efforts, chairman and chief executive Stephen Schwarzman said. The shares rose 6% after the firm beat earnings expectations. Net income rose and total assets under management were up 10%.

Assets under management topped $1.37tn. Perpetual capital assets under management reached $562.3 billion, up 12%. The credit and insurance business pulled in $35.8bn in the quarter.

Rising rates hit the firm’s core businesses. Proceeds from asset sales in the private-equity unit fell 49%, and real estate exits also slowed. Real estate dragged on third-quarter earnings growth.

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Pentagon and Lockheed agree a 10-year framework for at least 850 F-35 jets

Thu, 22 Oct 2026 21:17:00 GMT

The decade-long deal sets a minimum commitment for US aircraft and keeps Lockheed aiming for annual output of 156 jets.

Lockheed Martin and the Pentagon struck an initial deal to produce 850 F-35 jets. The US Defense Department said the framework establishes a minimum commitment of 850 US aircraft over a 10-year period. The two sides agreed a decade-long framework deal for hundreds of jets.

Under the agreement with the Department of Defense, which President Donald Trump calls the Department of War, Lockheed aims to maintain annual production. It aims to keep that annual production at 156 aircraft.

Michael Duffey, the under secretary of defense for acquisition and sustainment, said in a statement: “This agreement with Lockheed Martin proves it”. Duffey said in the Pentagon announcement that the deal works “by aligning financial incentives with actual performance”. Lockheed chairman, president and chief executive Jim Taiclet also commented on the agreement.

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Treasury proposes rules to curb large investors’ purchases of single-family homes

Thu, 22 Oct 2026 21:17:00 GMT

The proposed regulations are the first to enforce a new law passed by Congress, and the White House paired them with an order it says will cut homeownership costs.

Treasury Secretary Scott Bessent announced on 22 October that the Trump administration has issued proposed regulations to enforce a new law on home purchases by private-equity firms. It is the first rule issued to enforce that law. The rules for big investor homebuyers follow limits that Congress set.

The proposal would restrict institutional investors’ purchases of homes. Other coverage described it as a rule to bar investors from buying up single-family homes.

“Treasury is working to ensure American families and workers have a fair shot at purchasing homes,” Bessent said in a release. He presented the effort as a means of boosting affordable housing.

On the same day, the White House said President Donald Trump had signed an executive order to lower the costs of single-family homeownership and mortgages and to promote innovation throughout the housing market. The White House said the president is removing unnecessary red tape to make homeownership more affordable.

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Pentagon builds a deep-cover economic spy program aimed at China

Thu, 22 Oct 2026 14:18:00 GMT

A program overseen by a former CIA officer who followed Deputy Defense Secretary Steve Feinberg from Cerberus Capital Management would place undercover operatives against Chinese targets, alongside a new tech sabotage agency.

The Pentagon is looking to build a more robust deep-cover spying program to confront China, according to people familiar with it. The effort is described as an economic intelligence programme targeting China. It would use US operatives working undercover.

Tom Rakusan is overseeing the program. He is a senior adviser to Deputy Defense Secretary Steve Feinberg and spent 39 years at the CIA. Rakusan previously worked on matters related to Russia’s alleged interference in the 2016 US presidential election.

After leaving the CIA, Rakusan joined Cerberus Capital Management, the private equity firm co-founded by Feinberg. He followed Feinberg from Cerberus to the Pentagon in 2025.

Separately, the Pentagon is quietly building an elite new tech sabotage agency, which has been described as a new Pentagon power centre around Feinberg.

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Trump denies ordering the Starlink slowdown in Ukraine as Rubio and Hegseth point to Musk

Thu, 22 Oct 2026 14:18:00 GMT

The president said he does not know who restricted Ukraine’s satellite internet, his top officials put the decision on SpaceX, and lawmakers are calling for an investigation.

President Trump denied ordering a slowdown of SpaceX’s Starlink service in Ukraine and said he does not know who did. “I don’t know who did it,” Trump said when asked whether SpaceX founder Elon Musk was behind the change.

Secretary of State Marco Rubio said Ukraine’s access to Starlink is a decision for SpaceX and Musk, not the White House, responding to claims that the administration was involved in restricting Kyiv’s access to satellite internet services. “Starshield is a defense product… the United States military uses,” Rubio told reporters last week. “It’s not at this moment available to Ukraine”.

The Pentagon also denies playing a role. “We haven’t pulled anything back,” Defense Secretary Pete Hegseth told reporters on Tuesday. Rubio and Hegseth have both pointed at Musk over the slowdown. Trump made his denial when asked directly whether Musk was behind the change to the service.

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Treasury sanctions a Greek and Panamanian law firm, shipping agents and nine vessels it ties to Iran’s shadow fleet

Wed, 21 Oct 2026 21:18:00 GMT

The designations under Operation Economic Outcast extend Washington’s pressure on Iranian shipping from the vessels to the lawyers and agents around them.

The US Treasury on Wednesday imposed sanctions on a law firm based in Greece and Panama that it accuses of aiding Iranian shipping.

The action also targets shipping agents and nine vessels in what the department presents as a crackdown on Iran’s shadow fleet. The Treasury said four firms were designated under Operation Economic Outcast, its campaign against the networks that move Iranian cargo.

The law firm, Karnakis & Karnakis, did not immediately respond to a request for comment. The Treasury accuses it of helping Iran hide its shadow fleet; the coverage reviewed does not include the firm’s response to that allegation.

The targets span legal services, shipping operators and agents, and the vessels themselves, in a package billed as sweeping new sanctions on the shadow fleet.

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Washington will loan about a third of its heating oil reserve to the Northeast to curb prices

Wed, 21 Oct 2026 21:18:00 GMT

The Energy Department is releasing 315,000 barrels after Maine’s senators pressed for relief from a 70% rise in heating oil costs.

The Trump administration plans to loan about a third of the federal heating oil reserve in a bid to tame prices.

The Energy Department said on Wednesday it would release 315,000 barrels of home heating oil from the reserve. The supply is going to the Northeast, where prices have surged.

Energy Secretary Chris Wright directed the release after pressure from Maine’s senators over a 70% rise in heating oil costs. “After receiving Senators Collins’ and King’s letter and extensive discussions with Senator Collins, I have directed the” release, Wright said in a statement published by Collins’s office.

The oil will be lent rather than sold outright, and there will be a bidding process for the loans.

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Trump says his political operation has committed $400 million to the midterms as MAGA Inc. pours in $277 million

Wed, 21 Oct 2026 14:16:00 GMT

The president’s super PAC spent more than $200 million in September alone, and a late $80 million donation is now flowing to Democrats.

President Donald Trump said on Tuesday that his political operation had committed $400 million to the midterm elections, including $300 million already spent. He said he plans to spend at least $400 million by Election Day.

His super PAC, MAGA Inc., has put $277 million into the midterms. It spent more than $200 million in September, mainly through two affiliated PACs, according to election data released on Tuesday. That is nearly a quarter of a billion dollars to help Republicans.

Trump said the money is going to help Republicans in the midterms. At the same campaign event, Trump called up Commerce Secretary Howard Lutnick to announce the construction of a new plant to build silicon wafers.

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Trump says the Pentagon will invest $1.5 billion in North Carolina chip production

Wed, 21 Oct 2026 14:16:00 GMT

At a rally in Greenville, the president and Commerce Secretary Howard Lutnick also announced a Sibelco plant worth hundreds of millions of dollars.

President Donald Trump said the Pentagon will invest $1.5 billion in chip production in North Carolina. He made the announcement at a campaign stop in the state, with the money going to semiconductor chip production. Trump spoke in Greenville, where the rally was held.

Commerce Secretary Howard Lutnick joined him on stage to share the news with the crowd. Lutnick announced on Tuesday a new investment in North Carolina by Sibelco, a global industrial minerals company. He said Sibelco will invest “hundreds of millions” of dollars in semiconductor manufacturing in the state.

Sibelco is going to build a manufacturing plant in North Carolina, Lutnick said. At the Pitt-Greenville Airport, Trump and Lutnick announced two semiconductor production efforts in all.

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Washington asks shut refineries to reopen and pays farmers $8 billion for diesel costs

Tue, 20 Oct 2026 21:17:00 GMT

The energy secretary says the administration is talking to every idled refinery, as the White House offers one-time payments to farmers hit by record diesel prices.

The US government is coaxing refiners to produce more diesel, energy department officials said. “We are talking about reopening every refinery we can,” Energy Secretary Chris Wright said in Houston, adding that there are dialogues under way. The administration is engaging with every refinery that has been shut in, Wright said. The US is also pushing shuttered domestic refineries to reopen, he said at a Houston announcement on Tuesday.

In a separate move, President Donald Trump said his administration will provide $8 billion in aid to farmers hurt by record diesel prices. Agriculture Secretary Brooke Rollins announced the USDA relief programme, which is meant to offset a portion of farmers’ 2026 crop-year losses. Rollins said the one-time payments will help bring certainty to farmers.

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Hassett calls the economy a boom while conceding that September inflation needs work

Tue, 20 Oct 2026 14:18:00 GMT

The White House’s top economic adviser dismissed critical polls on Monday, days after consumer prices posted their largest monthly rise since April.

Kevin Hassett, director of the National Economic Council, dismissed polls critical of the Trump administration’s handling of the economy on Monday, arguing that the US economy is in a boom. He argued that the “true sentiment” of the economy is “best measured by what you see” Americans doing.

In a CNBC interview on 19 October, Hassett acknowledged that inflation challenges persist despite some price declines. He said inflation looks like “it is needing some work”, and Hellenic Shipping News reported that he said inflation requires policy attention after the September consumer price data. Hassett pointed to falling beef and egg prices but still said September inflation needs attention. TradingKey summarised his remarks as saying the inflation rebound warrants attention and that more data are needed to assess the cooling trend.

The Wealth Advisor described the remarks as an acknowledgement that inflation may be moving in the wrong direction again, just days after the consumer price report. Mysteel reported that Hassett said the latest CPI data show inflation remains a concern.

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Hegseth makes an unannounced visit to Israel and meets Netanyahu days before the vote

Tue, 20 Oct 2026 14:18:00 GMT

The Defence Secretary met the Israeli prime minister at an air base in southern Israel, a day after Trump endorsed Netanyahu and as talk of renewed strikes on Iran grows.

US Defence Secretary Pete Hegseth met Israeli Prime Minister Benjamin Netanyahu in Israel on Monday, two sources with knowledge of the trip told Axios. The New York Times also reported the meeting, citing two people with knowledge of the trip. Axios said the unannounced visit came eight days before Israel’s election.

The Media Line reported that the two men met at an air base in southern Israel. Haaretz reported that Hegseth also met Israel’s defence minister, Israel Katz, and Türkiye Today reported that UAE officials were present at the air base as well. According to Türkiye Today, Israel’s military censor initially barred Israeli media from reporting the meeting until Axios published it.

Bloomberg described the meeting as part of a wider trip to the Middle East, days before the vote. Ynet published a US Department of Defense photo of Hegseth speaking with troops in the area covered by US Central Command.

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Sanctioned tankers can shed their designations, the US energy secretary says

Mon, 19 Oct 2026 21:20:00 GMT

Chris Wright said vessels in a dark fleet he puts at about 1,600 ships can return to legal trade, and that American fuel prices have already peaked.

The United States is allowing dark-fleet oil tankers to shed sanctions, Energy Secretary Chris Wright said, according to Bloomberg. Wright estimated that there are about 1,600 vessels in the global dark fleet of sanctioned tankers. Moneycontrol reported the same remarks and added that investors are proposing to buy idled sanctioned tankers. This is the administration’s own account of its policy rather than a published rule.

Wright made the comments alongside a broader defence of the administration’s fuel policy, which follows Washington’s decision to set aside new Russia sanctions. He said the administration has not broken its promise to lower gasoline prices, noting that they have dropped, and he said US gasoline and diesel prices have peaked. He also said there is a three-alarm fire on diesel and that Europe should be releasing more from its stockpiles. He discussed the sharp rise in diesel and gasoline prices and what the administration is doing about them.

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Gas prices average $4.31 a gallon and Washington’s energy chief denies breaking a promise

Sun, 18 Oct 2026 21:20:00 GMT

Pump prices are up nearly 45 percent, and cabinet secretaries spent Sunday tying the relief timetable to the Iran war.

Gas prices in the United States averaged $4.31 a gallon on Saturday, according to the AAA motor club, up nearly 45 percent, the New York Times reported. The figure landed in the middle of a Sunday television round in which the administration defended its record on energy costs.

Energy Secretary Chris Wright said the administration has not broken its promise to lower gas prices amid the Iran war, defending the record during a CNN interview, The Hill reported. On the same programme the host Dana Bash asked him directly whether the administration had let Americans down, two weeks before the midterm elections. Wright’s answer was that the administration is working to bring energy costs down.

Treasury Secretary Scott Bessent said oil prices could fall before the end of 2026, but that it will depend on the Iran conflict. Vice President JD Vance, asked on CBS News about rising fuel prices caused by the war, said the country is where it is.

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Pence urges Trump to restore the Russia sanctions as his cabinet defends the diesel deal

Sun, 18 Oct 2026 21:20:00 GMT

The former vice president broke with the administration on Sunday while the energy and treasury secretaries called the waiver an incentive for Moscow.

Former vice president Mike Pence called on President Donald Trump to restore the Russia sanctions and scrap the Russian diesel deal, The Hill reported on Sunday. The same report said the president and other administration officials had not yet yielded to critical members of their own party.

The administration spent the day defending the arrangement. Energy Secretary Chris Wright described the diesel deal as an incentive for Moscow to reduce its war, Politico reported. Wright said the decision to waive new sanctions would motivate Russia to end its war with Ukraine, according to Business Insider, and suggested the relief could pressure President Vladimir Putin to tone down the fighting as a step toward peace, the New York Post reported. Speaking to CNN, Wright put it as an incentive to end the war.

Treasury Secretary Scott Bessent took the same line, saying no one has been tougher on Russian sanctions than Trump, and defending the decision to set aside sweeping Russian tariffs. These are the administration’s own characterisations of its policy rather than evidence that the policy is working.

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Zelensky holds his first call with Trump’s envoys since the diesel deal

Sun, 18 Oct 2026 21:20:00 GMT

Kyiv says intelligence sharing has resumed after a pause, as the Ukrainian president pushes for an in-person meeting.

Ukrainian President Volodymyr Zelensky spoke on Sunday with Steve Witkoff and Jared Kushner, the envoys of President Donald Trump, Reuters reported. Axios said it was the first call between Zelensky and senior US officials since tensions spiked between the two countries after Trump cut a diesel deal with Russia 10 days ago, that the call lasted around 40 minutes, and that Zelensky raised the possibility of an in-person meeting in the coming days.

Zelensky said on X that he had held a conversation with the American president’s envoys and that Russia’s war on Ukraine must be brought to an end, Al Jazeera reported. The Kyiv Independent headlined his assessment that a great deal depends on America’s position. Ukrainska Pravda said the call covered meetings by the teams in Florida and continuing Russian strikes.

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Trump’s envoys press Ukraine to let Russian gas flow west again

Sun, 18 Oct 2026 14:23:00 GMT

Steve Witkoff and Jared Kushner have raised resuming Russian gas transit through Ukraine in peace talks, drawing an objection from Berlin.

United States special envoy Steve Witkoff and Jared Kushner, President Donald Trump’s son-in-law, have urged Ukraine to resume the transit of Russian gas to Europe as part of peace talks, the Kyiv Post reported. The proposal was first reported by the New York Times on 17 October and picked up by outlets in Ukraine and Asia the following morning. The two envoys raised the idea during talks with Ukrainian and European officials, according to accounts of that report.

The Kyiv Post said the suggestion triggered pushback from Germany. None of the reports in this pack say what volumes would move, which route would carry them, or what Moscow would be asked to give in exchange.

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Vance says the US has ‘decisively won’ part of the Iran war as voters press him on costs

Sun, 18 Oct 2026 14:23:00 GMT

At a CBS News town hall the vice-president defended the war, the economy and the administration’s visa rhetoric.

Vice-President JD Vance faced questions from voters about the Iran war, immigration, data centres and high living costs at a CBS News town hall, according to accounts from the Associated Press, CNBC and ABC News. Vance said that in “some ways” the United States has “decisively won” part of the war with Iran, and described Iran as the largest state sponsor of terrorism, The Hill reported.

That claim is the administration’s own characterisation of the conflict rather than an independent assessment, and it was contested in the room. A man whose wife was killed in the early hours of the war pressed Vance on “mistakes” and what he called “fundamental failures,” CBS News reported. ABC News’s account of the evening lists data centres, high costs and immigration alongside the war among the subjects voters put to him.

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Musk’s money lifts Republican committees to $367 million while Democrats outraise them in hard dollars

Sat, 17 Oct 2026 21:20:00 GMT

Republican super PACs are flush and Democratic candidates are not, and the result will decide who handles next year’s debt ceiling.

Elon Musk helped power Republican political action committees to a $367 million fundraising haul. The Congressional Leadership Fund, the House counterpart, raised $94.4 million and counted Musk and the investor Timothy Mellon among its bigger donors. Musk emerged as the cycle’s biggest known individual donor. Even so, Democrats outraised Republicans despite his millions.

The candidate numbers show where the gap sits. In Texas, the Democratic Senate nominee James Talarico raised $64 million in the third quarter against $18 million for Ken Paxton, and in Georgia Senator Jon Ossoff raised $33.1 million against $2.8 million for Mike Collins. Axios framed it as Republicans awash in super PAC cash while Democrats hold the advantage in hard dollars, revealing an enthusiasm gap that money cannot buy.

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Detainees at a Georgia ICE facility stage a hunger strike as lawmakers demand inquiries

Fri, 16 Oct 2026 21:25:00 GMT

A hunger strike at a privately run Georgia detention centre entered a second week as members of Congress pressed for investigations into conditions at other facilities.

Immigrants held at an Immigration and Customs Enforcement detention facility in southeast Georgia are on hunger strike, protesting what they say are prolonged detentions and conditions inside, NPR reported. WABE reported that the strike at the Folkston ICE Processing Center continued into a second week and that an organiser had been deported, and described the site as a private prison operated by The GEO Group under contract with ICE.

The Insider reported that Russians have joined a hunger strike at a third ICE detention centre this month, citing relatives of detainees who spoke to an independent outlet. In El Paso, detainees at Camp East Montana, an ICE facility on Fort Bliss, are seeking independent monitors after deaths and alleged failures at the site.

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Leaked documents name the companies behind the $330 million White House ballroom

Fri, 16 Oct 2026 14:32:00 GMT

The Washington Post reported the donor list for the project, which includes large technology companies and executives with business before the administration.

Secret documents reveal the donors behind $330 million for President Trump’s ballroom, the Washington Post reported. Brandon Lutnick, chairman of the investment bank Cantor Fitzgerald and the son of Commerce Secretary Howard Lutnick, donated stock, according to that account. Rolling Out, summarising the list, reported that 57 companies are named and put Brandon Lutnick’s donation at $2.5 million. Mediaite reported on the top donors revealed in the documents.

Apple and Nvidia each gave $25 million to the project and were among the top donors, the New York Post reported. Nvidia’s chief executive, Jensen Huang, had told reporters at the time that the company was contributing “in a small way”, and the company reportedly requested that its $25 million be handled in a particular way. Aftermath reported that Microsoft and Nvidia were among the top donors, and Huang’s “in a small way” characterisation appears in that account as well. The Dallas Morning News reported that Miriam Adelson, the owner of the Dallas Mavericks, donated $25 million.

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Lutnick’s objections stall the tariff talks between Washington and Mexico

Fri, 16 Oct 2026 14:32:00 GMT

The commerce secretary has resisted significant cuts to tariffs on Mexican steel, aluminium and vehicles, slowing a deal that officials say is not at an impasse.

Progress toward a tariff deal between the United States and Mexico has stalled after opposition from Commerce Secretary Howard Lutnick, the Wall Street Journal reported. The commerce secretary has objected to significant reductions in tariffs on Mexican steel, aluminium and automobiles. Reuters carried the report, attributing it to the Journal.

Quartz reported that Lutnick is resisting cuts to the 25% tariff on vehicles and the 50% levies on steel and aluminium, though officials deny an impasse. CBT News gave the same figures, reporting that he opposes significant reductions to the 25% tariff on Mexican automobiles and the 50% levies on steel. Apa.az, summarising the Journal, reported that progress has slowed significantly in recent days because of the commerce secretary’s position, according to sources. Political Wire noted it is the second time he has had this effect on the talks, and Breaking The News reported that he opposed major cuts to tariffs on Mexican steel, aluminium and cars, bringing the talks to a halt.

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Washington weighs sanctions relief for shadow-fleet tankers as senators call the diesel deal a betrayal

Thu, 15 Oct 2026 14:29:00 GMT

The energy secretary said the administration is discussing easing sanctions on vessels carrying Russian oil to bring down record freight rates, days after a bipartisan group of senators objected to the diesel agreement.

US energy secretary Chris Wright said in a video address to the World Petroleum Congress in Riyadh this week that the administration was discussing easing sanctions on shadow-fleet vessels in order to cut freight rates, Reuters reported. Wright confirmed that the initiative was under discussion and pointed to record-high maritime transportation rates as the reason, according to a Reuters account relayed by UNN. The Gulf publication AGBI reported Wright citing record rates.

The research group Energy Aspects said Wright had tied the proposed easing to record freight rates, Euromaidan Press reported, placing the move days after Washington freed up Russian diesel. Earlier this week the Kremlin said the diesel arrangement opened the way to wider cooperation.

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San Antonio sues Homeland Security to stop an East Side detention centre

Tue, 13 Oct 2026 21:28:00 GMT

The city says federal officials skipped the required environmental review before converting a warehouse into an immigration detention facility.

The city of San Antonio sued Immigration and Customs Enforcement and the Department of Homeland Security on Tuesday to stop the agencies opening an immigration detention centre. The mayor said the city filed the action that morning over the proposed ICE detention facility planned for the East Side, and the city filed its lawsuit over the facility the same day.

The legal argument is procedural. The city says federal officials failed to carry out the required review before converting a warehouse into a detention centre, and is seeking to halt development of the planned facility over environmental review requirements. Bloomberg Government recorded the case as an environmental suit against the retrofit of a San Antonio warehouse into an immigration detention facility.

The site is a building on the south-eastern loop of the city, at 542 SE Loop, and the city alleges the conversion proceeded without the steps it was owed.

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Vance invokes wartime powers to expand Delek’s refinery in Tyler, Texas

Tue, 13 Oct 2026 21:28:00 GMT

The administration is using the Defense Production Act to lift fuel output at a single named refiner, with no cost or timeline disclosed.

Vice President JD Vance announced that the administration will use the Defense Production Act to expand a Texas refinery and boost fuel production. Bloomberg reported that the plan involves working with Delek US Holdings, under a Cold War-era law. The refinery is in Tyler, Texas.

Vance made the announcement during a stop in Tyler: “Today, I am pleased to announce that the Trump administration, working with the refinery at Delek, has used the Defense Production Act”, he said. The Washington Examiner reported it as Trump invoking the act to expand the Delek refinery. No cost or timeline has been given.

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A six-hour meeting in Florida sits behind Washington’s new push to end the Ukraine war

Tue, 13 Oct 2026 14:32:00 GMT

US envoys pressed Ukrainian negotiators at a Miami golf club, and the trips to Moscow that were meant to follow have been postponed.

The diplomatic push to end the Ukraine war came during a six-hour meeting last Friday in Florida hosted by the US envoys Jared Kushner and Steve Witkoff, The Washington Post reported. The crisis that followed first erupted at Witkoff’s golf club outside Miami on Friday, according to an account of the same meeting. The New York Times reported that President Trump faces a new crisis over Ukraine after the Russian diesel deal.

Two sources said Witkoff and Kushner discussed President Vladimir Putin’s position with Ukrainian representatives at the Miami meeting, in an account that also reported Washington is betting the diesel deal will bring Russia closer to peace talks. Ukraine’s negotiating team has since briefed President Zelenskyy on the talks with the envoys. Zelenskyy commented on the talks himself after that briefing.

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Musk’s midterm spending is reported at $276 million by some outlets and $366 million by others

Mon, 12 Oct 2026 21:29:00 GMT

Reports agree he is the largest known donor of the cycle and disagree on the total by about a third.

Elon Musk has spent roughly $366 million on the midterm elections to help Republicans retain control of Congress, Reuters reported on Monday. The Miami Herald carried the same figure. CNN said Musk has poured at least $276 million into the midterms and called him the top booster for Republicans. Forbes said he has already spent more than $276 million.

The Hill reported both numbers in one piece: its headline said Musk threw $276 million behind Republicans, while its text said the contributions bring the total so far to $366 million. The Globe and Mail and PBS both described him as the biggest known donor in the midterms without leading on a figure, and The Jerusalem Post called him the single-largest political donor in the cycle. The Korean outlet Asiae reported the donations as more than 370 billion won.

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Carlyle drops out and a Boehly consortium moves on Lukoil’s foreign refineries

Mon, 12 Oct 2026 14:48:00 GMT

A consortium led by the Trump donor Todd Boehly, backed by Washington, is positioning itself for Lukoil’s international assets, including refineries in Bulgaria, Romania and the Netherlands.

Carlyle has dropped its bid for Lukoil’s international assets and a consortium led by Todd Boehly, backed by Washington, is now positioning itself for them, in a confirmation that followed the publication of Lukoil material the excerpt does not finish describing.

Bulgarian state radio reported that Lukoil’s refineries in Bulgaria, Romania and the Netherlands are included in a deal by the billionaire Todd Boehly to acquire the Russian oil company’s assets. A Bulgarian outlet noted separately that the Burgas refinery is part of Boehly’s deal for the Lukoil assets.

The two reports describe the same package from different ends: one has Carlyle withdrawing and the Boehly consortium moving in, the other lists the specific refineries now attached to Boehly’s name.

Why it matters to investors, and what to watch: on the site.

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Washington says Gulf oil flows have recovered to most of their pre-conflict level

Mon, 12 Oct 2026 14:48:00 GMT

The US energy secretary puts flows through the Strait of Hormuz at 80% to 90% of where they were before the war, one report of the same remarks puts the recovery at 44%, and Saudi Arabia is looking for export routes that avoid the strait.

US Energy Secretary Chris Wright said oil flows through the Strait of Hormuz had recovered to 80% to 90% of pre-conflict levels, averaging 13 million barrels a day on a figure the excerpt cuts off mid-sentence. A second outlet reported Wright as saying Gulf oil flows have recovered to as much as 90%.

The same publication’s energy report is less reassuring. It headlined the recovery at 14 million barrels a day despite the Saudi attacks, while its own summary line said flows through Hormuz had recovered but only to 44% of pre-war levels, at around 11 million barrels a day. These are the administration’s own figures and the accounts of them do not agree, which leaves a range rather than a number.

Neither account disputes the direction, only the distance travelled: all of them describe a recovery from a wartime low rather than a return to normal.

Why it matters to investors, and what to watch: on the site.

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The Pentagon revises its Iran war troop death toll as House Democrats press for strike records

Sun, 11 Oct 2026 21:29:00 GMT

The department has updated the number of troops who died during the war to 21, the defence secretary called the report that surfaced it fake, and lawmakers want an account of a strike carried out on 1 September.

The Hill reported that the Pentagon has updated the death toll of troops during the Iran war to 21. Defense Secretary Pete Hegseth attacked the outlet that reported it and called the report “DISGUSTING and FAKE”, and lawmakers have been scrutinising the Defense Casualty Analysis System database, in a sentence the excerpt does not complete. The department’s own figure and the department’s own objection arrive together, which is the difficulty for anyone trying to read the number.

House Democrats have opened a second front. In a letter to Hegseth they demanded that the Pentagon provide an account of the strike on 1 September, as well as further material the excerpt does not list. Senator Chris Murphy, an outspoken critic of the war, says the Pentagon has barred him and other lawmakers from accessing the base or even meeting with defence officials, in a passage the excerpt leaves unfinished.

Why it matters to investors, and what to watch: on the site.

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Republican opposition widens to the Pentagon’s plan to livestream an execution

Sun, 11 Oct 2026 14:33:00 GMT

The defence secretary has promised a public military execution in December, the vice president says he will not watch, and the president has not decided.

Defence Secretary Pete Hegseth announced that the military would publicly execute Nidal Hasan, the Fort Hood shooter, and vowed this week that the execution would go ahead, in a line the excerpt cuts off. Axios reported that the plan to livestream it reflects a shift toward putting raw, real-world violence on display for unlimited audiences, and that the administration has made a show of flexing American power, sometimes with grisly footage. The execution is set to be carried out by firing squad in December, with one account giving the scheduled date as December 3.

Vice President JD Vance said on Friday that he would not watch a potential livestream, which President Trump told reporters he had approved. Vance questioned whether the execution would actually be public and joined what Axios called a small chorus of Republicans opposed to watching it. “Whatever the controversy is about the method of the execution, I hope that people don’t forget that this is a guy who brutally murdered a lot of innocent people,” he told reporters. The president is still deciding whether to livestream it.

Why it matters to investors, and what to watch: on the site.

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Citi expects the Treasury to cut long-bond sales next month

Sat, 10 Oct 2026 21:31:00 GMT

Citigroup told clients that Scott Bessent is likely to shrink auctions of long-dated government debt, and could cancel the 20-year bond altogether.

Citigroup has told clients it expects the US Treasury to reduce the size of its long-dated bond auctions, and says Treasury Secretary Scott Bessent could go further and cancel issuance of the 20-year bond. Bloomberg reported the same call, saying Bessent will likely cut long bond sales next month. Citi’s trimming of the auctions is described as the bank’s base case.

Any change would be announced at the Treasury Department’s next quarterly refunding announcement, on 4 November. None of the reports puts a figure on how much the auctions would shrink, and none of them says the Treasury has decided anything. This is a bank’s forecast and the coverage of it, not a statement from the department.

Why it matters to investors, and what to watch: on the site.

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Five Indian IT firms lose green-card sponsorship as Vance opens a visa-fraud probe of universities

Fri, 09 Oct 2026 21:29:00 GMT

Cognizant, Infosys, TCS, Wipro and HCL were suspended alongside Microsoft and Adobe, and the inquiry now extends to student exchange visas.

Cognizant, Infosys, Tata Consultancy Services, Wipro and HCL are among the IT firms suspended from the US green card programme. CP24 reported the US freezing green-card applications for Microsoft, Adobe and Infosys over alleged fraud; the fraud is the administration’s allegation and has not been established.

Axios reported that the administration said on Thursday it was suspending Microsoft from a key programme used to sponsor employees for green cards, and that the move also targeted Adobe and six IT service firms. The suspension of Microsoft and Adobe was the first step; the extension to the Indian IT majors and the widening of the inquiry is the new part.

Vice President JD Vance headlined the event, which also announced a visa fraud probe of universities. He announced a federal investigation into Yale for alleged visa fraud, standing alongside Attorney General Todd Blanche and White House deputy chief of staff for policy Stephen Miller. TIME reported the crackdown expanding to student exchange visas as well as green cards, with Labor Secretary Keith Sonderling also present, and West Hawaii Today noted Federal Trade Commission chairman Andrew Ferguson among those attending.

Why it matters to investors, and what to watch: on the site.

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Bessent hires Judy Shelton as a Treasury adviser on currency policy

Fri, 09 Oct 2026 14:37:00 GMT

The Treasury Secretary has taken on the economist whose nomination to the Federal Reserve Board failed, giving her a brief that covers currency policy.

Treasury Secretary Scott Bessent has hired Judy Shelton as an adviser, the Treasury said. The department said Shelton will advise Bessent on currency policy, “with a particular focus on evaluating” a subject the published excerpt stops short of naming.

Shelton was President Donald Trump’s former pick for the Federal Reserve Board. The Wall Street Journal described her as a controversial economist who was unsuccessfully nominated to join the Federal Reserve. The announcement was made on Friday, and was reported in the same terms outside the United States, as Trump’s former Fed pick joining Treasury as Bessent’s adviser.

Why it matters to investors, and what to watch: on the site.

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GEO Group redeems $650 million of notes and lifts its buyback to $1.25 billion

Fri, 09 Oct 2026 14:37:00 GMT

The detention contractor is calling its 2029 secured notes, extending its revolving credit facility to 2031 and raising the amount of stock it may repurchase.

The GEO Group delivered notice to redeem all $650.0 million of its 8.625 percent senior secured notes due 2029, with the redemption set for 15 October 2026 at a price of $1,043.13. The company raised its share buyback authorisation to $1.25 billion.

It also entered into an amended and restated credit agreement. That agreement extends a $550 million revolver to 2031 and lifts incremental capacity to $750 million. A filing summary dated 5 October 2026 described the package as enhancing the credit facility and shareholder flexibility, and referred to the Adelanto sale alongside contract-driven growth potential. A separate account summarised the same steps as a redemption of the $650 million notes and an amendment to the credit facility.

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GEO Group files a federal challenge to California’s new detainee law

Thu, 08 Oct 2026 21:30:00 GMT

The private prison operator sued the state attorney general over SB 942, the statute it calls an unconstitutional attempt to regulate immigration detention.

GEO Group filed a federal lawsuit challenging California’s new detention centre law, arguing that SB 942 is an unconstitutional attempt to regulate the facilities it runs. The suit was brought against California Attorney General Rob Bonta. The Los Angeles Times reported the action as a private prison company suing the state over a civil rights law for immigrant detainees.

The company houses immigrants in detention centres near Bakersfield and in Southern California, and set out its objection to the state’s authority in the lawsuit. GEO Group operates several detention centres for people held by Immigration and Customs Enforcement, and is challenging the new California law directly rather than seeking an exemption. Coverage framed the dispute as a new California immigrant rights law facing a legal challenge from a major private prison company.

Why it matters to investors, and what to watch: on the site.

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US and 14 other economies sign a joint pact on industrial overcapacity

Thu, 08 Oct 2026 21:30:00 GMT

Trade Representative Jamieson Greer said the declaration broadens the overcapacity fight beyond China and that EU countries are united behind it.

US Trade Representative Jamieson Greer set out details of a new joint deal with 14 other major economies to crack down on industrial excess capacity, saying action is needed to restrain Chinese exports. The agreement takes the form of a joint ministerial statement to address excess capacity in key sectors, signed on the margins of the OECD Trade Committee. One account of the same pact counted India, the United States and 13 other economies among the signatories, with Argentina also on the list.

Greer said on Thursday that all European Union countries agree more action is needed to address Asian capacity. He also said the Trump administration is broadening its focus on industrial overcapacity beyond China. The South China Morning Post described the result as Washington and Brussels forging a multilateral coalition against China’s industrial surge. The declaration will initially cover key sectors, and Greer said several economies had already moved.

Why it matters to investors, and what to watch: on the site.

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Reports of Bessent’s temper land while credit investors doubt his reassurances

Thu, 08 Oct 2026 14:34:00 GMT

A new account describes the Treasury secretary berating staff, and seven senior officials are reported to have left.

A report published this week describes Treasury Secretary Scott Bessent berating staff and throwing a binder in Treasury meetings. A summary of the same report says he spat in his own food at a Washington restaurant and dismissed Howard Lutnick, among other revelations about his anger. Bessent is facing heavy criticism after the report described his temper and the restaurant confrontation. One account notes that the reason for the restaurant episode was a trivial one.

The personnel picture is part of the story. One account says Bessent is confronting an exodus of seven senior officials amid what it calls hard-charging leadership. The sources quote no response from Bessent to the accounts of his conduct.

Why it matters to investors, and what to watch: on the site.

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The 30-year mortgage rate climbs to its highest level in nearly three years

Thu, 08 Oct 2026 14:34:00 GMT

The White House had predicted a fall; Trump blamed the Fed and Bessent blamed an energy shock.

The US 30-year mortgage rate has risen to its highest level in nearly three years. Trump criticised the Federal Reserve as the rate hit that three-year high, while Treasury Secretary Scott Bessent, in the Oval Office with him, blamed inflation and high mortgage rates on a temporary shock from higher energy costs. Bessent had set out his approach to economic policy in a talk to students at Southern Methodist University’s Cox School of Business.

The level arrives days after a forecast from the White House pointing the other way. On October 4, Kevin Hassett, director of the National Economic Council, told CNN’s Jake Tapper that US mortgage rates would fall over the next few months. He said they would fall “very quickly” over that period and described the economy as “booming”, with people buying. Rates then printed at 7.28.

Why it matters to investors, and what to watch: on the site.

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Washington and Moscow explore selling Russian gas to Europe again

Thu, 08 Oct 2026 14:34:00 GMT

Reports say Trump’s envoys discussed a US investor for the Nord Stream pipelines while the war continues.

The United States and Russia are exploring a sale of Russian gas to Europe while the war in Ukraine continues, according to sources cited in an exclusive report. The talks are described at the level of exploration rather than agreement, and the report rests on unnamed sources.

The pipeline question is explicit in a second account. Jared Kushner and an envoy of President Vladimir Putin discussed bringing in a US investor for the Nord Stream pipelines, according to a report of the meeting. A third account says the two governments are discussing restarting the Nord Stream pipelines. That account attributes the discussions to Trump’s team and its Russian counterparts.

Why it matters to investors, and what to watch: on the site.

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White House makes enrollment in Trump Accounts automatic for every US child

Wed, 07 Oct 2026 21:29:00 GMT

The Treasury Department will enroll tens of millions of children without an application and has cleared the way for donations of individual stocks.

The White House announced automatic enrollment in Trump Accounts for every US child. President Trump made the announcement in the Oval Office. The accounts are to receive contributions from the Treasury Department.

The mechanics were set before the event. The Treasury Department moved last week to automatically enroll tens of millions of children and to greenlight donations of individual stocks into the accounts. Treasury Secretary Scott Bessent was scheduled to hold a press conference with Pennsylvania lawmakers at four in the afternoon Eastern time to discuss the impact of automatic enrollment.

The announcement was carried live, billed in advance as Trump unveiling auto-enrollment for children’s savings accounts.

Why it matters to investors, and what to watch: on the site.

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DHS pays GEO Group $950 million for California detention sites

Wed, 07 Oct 2026 14:31:00 GMT

The government is buying the buildings while the private operator keeps the management contracts.

The Trump administration agreed to pay $950 million to buy three California immigration detention facilities from GEO Group. The Center Square and the Walton Tribune reported the purchase from the private prison corporation for $950 million, noting that Adelanto ICE Processing Center is one name covering two properties. The Victorville Daily Press reported that the three-facility complex, with a combined 2,644 bed spaces, sold for $950 million according to GEO Group. Breitbart described the deal as four jails and listed Adelanto East among them.

Desert View Annex has 704 beds. GEO Group will continue to manage daily operations under long-term contracts. The ICE contract for GEO Group to provide support services at the three facilities is not altered by the sale and does not expire until 2034.

Why it matters to investors, and what to watch: on the site.

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DHS pays $950 million for California ICE jails as GEO redeems $650 million of notes

Tue, 06 Oct 2026 21:24:00 GMT

The federal government is buying detention real estate outright while the operator clears secured debt and opens room for buybacks.

The Department of Homeland Security is paying $950 million to buy California immigration detention facilities from The GEO Group. GEO Group announced the sale on Monday. Accounts differ on the count: one describes three facilities, another two detention centers, and a third four jails. The deal includes Adelanto East, and the facilities owned by GEO include the two buildings that make up the Adelanto complex.

GEO is not leaving the sites. Its contract with Immigration and Customs Enforcement to provide support services for the facilities will not be altered by the sale and does not expire until 2034. The Government Accountability Office has warned that the purchase lacked a required step, and one account noted that buying existing detention facilities has the potential to insulate ICE’s network from state officials’ efforts to restrict private operators.

Separately, GEO delivered a notice of redemption for all of its senior secured notes due 2029 and amended and extended its revolving credit facility. The redemption covers $650 million of notes and secures flexibility for a $1.25 billion buyback.

Why it matters to investors, and what to watch: on the site.

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DHS pays $950 million for GEO Group’s Adelanto detention complex

Tue, 06 Oct 2026 14:34:00 GMT

The federal government bought three California immigration detention facilities from GEO Group, which will keep operating them.

GEO Group has completed the sale of three immigration detention facilities in Adelanto, California. The US government paid $950 million for the complex, a price confirmed across coverage of the transaction. The Trump administration agreed to the purchase with the stated aim of increasing Immigration and Customs Enforcement’s control over detention capacity.

GEO Group, a Florida-based private prison corporation, announced the sale on Monday. The company will keep running the facilities and plans to use part of the proceeds for other purposes. One tracker described Adelanto as the fifth private detention site the Department of Homeland Security has bought since July.

The stated rationale was operational control. Both the price and the purpose were reported together: the government paid $950 million with the aim of increasing Immigration and Customs Enforcement’s control over detention capacity. Adelanto is described as the fifth private detention site the Department of Homeland Security has bought since July.

Why it matters to investors, and what to watch: on the site.

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Hassett presses Powell to leave the Fed board as Justice Department closes its inquiry

Tue, 06 Oct 2026 14:34:00 GMT

The White House’s top economic adviser said it is time for Jerome Powell to give up his remaining seat on the Federal Reserve Board.

Kevin Hassett, director of the National Economic Council and President Donald Trump’s chief economic adviser, called on former Federal Reserve chair Jerome Powell to move on from the Fed board. Hassett said it is time for Powell to leave and described his extended tenure as unprecedented. Fox Business reported that Hassett framed the departure as a way to preserve Fed independence.

The legal pressure on Powell eased in the same week. The Justice Department said on Friday that its findings did not justify reopening a criminal investigation into Powell. Deputy Attorney General Todd Blanche told Bloomberg TV that the department will not reopen the related probe.

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Energy Department offers Vistra up to $4.2 billion to squeeze more power out of its reactors

Mon, 05 Oct 2026 21:35:00 GMT

A conditional federal loan commitment would fund uprates and modernisation at Vistra nuclear plants in Ohio and Pennsylvania.

The Energy Department unveiled a conditional loan commitment of up to $4.2 billion to finance uprates and modernisation across Vistra’s nuclear fleet. Energy Secretary Chris Wright announced the commitment on Monday at Vistra’s 1.3-GW Perry Nuclear Power Plant, on Lake Erie in Ohio, east of Cleveland. The package covers plants in Ohio and Pennsylvania, with Davis-Besse among the units in line for the money.

The financing runs through the department’s Energy Dominance Financing facility. “President Trump promised to unleash an American nuclear renaissance, and the Energy Department is delivering,” Wright said. He framed the rationale as efficiency rather than new construction: “By getting more power out of the nuclear plants we already have,” he said, the aim is more energy for American families and businesses.

Why it matters to investors, and what to watch: on the site.

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GEO Group sells three Adelanto ICE facilities to the government for $950 million

Mon, 05 Oct 2026 21:35:00 GMT

The private prison operator keeps the service contract, lifts its buyback and raises guidance, while the shares send mixed signals.

The GEO Group completed the $950 million sale of three immigration processing facilities in Adelanto, California, to the US federal government. The company, a Florida-based private prison corporation, announced the transaction on Monday. The buyer is the Department of Homeland Security, and the purchase is the fifth private detention site DHS has bought since July.

Ownership changes but operations do not. GEO expects to continue providing support services to all three Adelanto facilities under its existing contract with ICE, and will keep running the complex it has just sold. Alongside the sale, GEO boosted its stock buyback plan, and the company raised its full-year outlook, citing stronger detention demand.

Why it matters to investors, and what to watch: on the site.

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Trump prepares an order widening tax-exempt diesel access, and rules out an export ban

Mon, 05 Oct 2026 21:35:00 GMT

The White House is easing limits on red-dyed, tax-exempt diesel to blunt fuel inflation while rejecting the export controls the industry had feared.

President Donald Trump is preparing an executive order to expand access to tax-exempt diesel, to be unveiled as soon as Monday. The order would ease limits on the use of red-dyed, tax-exempt fuel in an attempt to quell fuel inflation, relaxing restrictions on off-road diesel in order to cut costs. Agriculture Secretary Brooke Rollins wrote on social media on Monday that Trump “is taking action to deliver short-term relief for farmers”, and said more relief is coming as diesel prices squeeze American farmers.

On the other side of the ledger, Trump said no to a diesel export ban. Reporting that an export restriction was under consideration was denied by a White House official within hours, and Energy Secretary Chris Wright called the idea a “blunt tool”. With the export-control threat receding, Wright said he expects diesel prices to “move meaningfully down in the coming weeks and days”, even though US diesel stocks are low.

Why it matters to investors, and what to watch: on the site.

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