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🇺🇸 - Five current and former IRS employees have been charged in a scheme to fraudulently collect COVID-19 aid.
According to court documents, the defendants tried to obtain a total of USD 1 million by submitting false applications.
According to the Department of Justice, the defendants used the money for cars, luxury goods and personal travel. Brian Saulsberry of Memphis obtained USD 171 400 and is accused of buying a Mercedes and cushioning a personal investment account.
Tina Humes, also of Memphis, received USD 123 612 according to the DOJ, and is accused of using it to buy jewelry and go on a trip to Las Vegas.
This is part of a larger effort to crack down on COVID-19 fraud schemes that has led to 150 prosecutions and the seizure of USD 75 million dollars.
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🌅 Market News Digest
[Jul 6-7, 2026 EST]
🔥 Top Stories
• Hormuz shipping attacks escalate — Iran reportedly fired missiles at commercial vessels; oil jumped, gold eased, and the risk premium rose across energy and defense
• Samsung/Kospi rout — Samsung shares slumped after 2Q profit beat but oversupply worries, helping trigger an 8% KOSPI halt and a $170B+ market-value wipeout
• BoE flags valuation risk — Bank of England warned of stretched AI-led equity valuations, higher leverage, and a sharp-correction risk while proposing capital-rule easing
• Trump pressures Walmart on prices — Walmart said it will cut prices on 250+ items; the White House is using retail pricing as a visible inflation signal
⛽ Oil & Energy
• Saudi Arabia weighs bypass routes — exploring more pipeline capacity and alternative export paths outside Hormuz as shipping risk rises
• Oil up on Hormuz attacks — crude rose ~1.5% after vessel strikes; Qatar LNG tanker was also reported hit near the strait
• Shell ...
“If you want to hate America, watch the news. If you want to love America, drive through it.”
European media has pushed a negative picture of America for generations and it’s not new with any recent president.
This pattern runs deep because the media has long helped European elites build their own identity by positioning America as the opposite of what they claim to value.
Historians trace this anti-American thread in European writing and press back to the 18th and 19th centuries and it grew stronger in the 20th.
America was often painted as crude, commercial, and overly individualistic, a threat to older European hierarchies of class and culture.
After World War II the coverage increased but it frequently framed the US as the powerful yet uncivilized counterpoint to a more refined and cooperative Europe.
Media outlets used stories about American business, culture, and foreign policy to reinforce that contrast and it became a reliable way to define a shared European self-image....
