By Naveen Athrappully The government shutdown has frozen the Small Business Administration’s (SBA’s) lending programs across the United States, blocking around $2.5 billion from being disbursed to 4,800 small businesses across the country, the agency said in an Oct. 21 statement. “Each business day the shutdown continues, an estimated 320 small businesses nationwide are unable […]
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Posted inNational News
Noem Defends DHS Purchase of 2 Coast Guard Planes After Criticism From Lawmakers
By Aldgra Fredly Homeland Security Secretary Kristi Noem on Oct. 20 defended a $172 million purchase of two Gulfstream jets, saying they were necessary to replace the U.S. Coast Guard’s decades-old aircraft after Democratic lawmakers criticized the move. During a press conference in Sarasota, Florida, Noem said that Congress had approved and appropriated funding for […]
Posted inEconomy
Millions of Americans at Risk of Losing Food Stamps in November, States Warn
By Jack Phillips Multiple states have warned that the ongoing government shutdown could soon halt Supplemental Nutrition Assistance Program (SNAP) benefits, often called food stamps. While U.S. Department of Agriculture (USDA) Secretary Brooke Rollins told reporters this past week that the SNAP program is expected to run out of funding starting on Nov. 1, several […]
Posted inWorld
US Seizes $15 Billion in Bitcoin From Leader of Southeast Asian Online Scam Network
By Bill Pan Federal authorities have seized $15 billion in bitcoin from Chen Zhi, a Chinese-Cambodian kingpin accused of running a sprawling scam enterprise that relies on human trafficking and slavery, the U.S. Department of Justice announced on Tuesday. The asset seizure is part of a broader criminal investigation into Chen and his conglomerate, Prince […]
Posted inImmigration
1,500 Illegal Immigrants Arrested in Major Illinois Operation, Including Criminals: DHS
By Naveen Athrappully More than 1,500 illegal immigrants have been arrested in Illinois by Department of Homeland Security (DHS) personnel during Operation Midway Blitz, including criminals, the agency said in an Oct. 14 post on X. “Operation Midway Blitz is making Illinois SAFE again. DHS law enforcement has made over 1,500 arrests across Illinois, including […]
Posted inPolitics
Appeals Court Says National Guard Can Be Federalized but Not Deployed in Illinois
By Ryan Morgan A federal appeals court has ruled the Trump administration can continue to keep National Guard troops in Illinois under federal control but cannot deploy them in Chicago while the appeals process plays out. President Donald Trump has sought to deploy National Guard troops to Chicago to assist in a crime crackdown in […]
Posted inBusiness
Samsung Hit With $445.5 Million US Jury Verdict Over Wireless Communications Patents
By Reuters A federal jury in Marshall, Texas found on Friday that Samsung Electronics owes patent owner Collision Communications nearly $445.5 million in damages for infringing on patents related to 4G, 5G and Wi-Fi communications standards. The jury said that Samsung’s laptops, Galaxy smartphones and other wireless-enabled devices infringe four Collision patents. The verdict is […]
Posted inNational News
Noem Announces ICE Will Expand Efforts in Portland and Chicago
By Jack Phillips The Trump administration will expand Immigration and Customs Enforcement (ICE) efforts in Portland and Chicago soon, Homeland Security Secretary Kristi Noem announced at a Cabinet meeting on Thursday. That will include purchasing buildings in the two cities amid increased federal law enforcement presence, she said. “We’re purchasing more buildings in Chicago to operate […]
Posted inBusiness
Burger Chain Installs ‘Tallest and Biggest’ American Flags at Restaurants Nationwide
By Naveen Athrappully Fast food chain Steak ‘n Shake has started installing large American flags at its outlets across the country, the company said in an Oct. 5 post on X. “The flag installations have begun at Steak n Shake,” the company said. “Every Steak n Shake is getting the tallest and biggest American flag […]
Posted inEconomy
US Condo Sellers Struggle to Divest Properties, Outnumber Buyers by 72 Percent
By Rob Sabo High insurance costs and exorbitant homeowners association fees have potential condo buyers sitting on the sidelines, with sellers outnumbering buyers by just over 72 percent in August. In an Oct. 6 report, online real estate platform Redfin said that nationwide, there were just under 260,000 condo sellers in August versus slightly more […]
Posted inEconomy
Wall Street Review: Stocks Hit New Records Despite Government Shutdown
By Panos Mourdoukoutas Stocks shook off concerns about the government shutdown and reached new highs this week, led by technology, small-cap, and health care shares on a flurry of positive corporate headlines and the prospect of lower interest rates. The Dow Jones Industrial Average ended the week on Oct. 3 at 46,758, up by 1.1 […]
Posted inEconomy
Nearly 1 in 5 US Home Sellers Cuts Listing Prices in September: Report
By Mary Prenon As the nation’s housing inventory climbed for the 23rd month in a row, nearly 20 percent of sellers reduced the listing prices on their homes in September. Realtor.com’s September Monthly Housing Trends report, issued on Oct. 2, indicated that sellers of homes in the lower- and middle-price ranges were the most likely […]
