California Offering Taxpayer-Funded Gender Surgeries To Homeless, Illegal Immigrants: Report Authored by Luis Cornelio via Headline USA , The California government may struggle to provide basic housing for the homeless, but it appears willing to fund gender-transition procedures with taxpayer dollars, including illegal aliens, according to a new report. A Wednesday report from City Journal found t...
California Offering Taxpayer-Funded Gender Surgeries To Homeless, Illegal Immigrants: Report Authored by Luis Cornelio via Headline USA , The California government may struggle to provide basic housing for the homeless, but it appears willing to fund gender-transition procedures with taxpayer dollars, including illegal aliens, according to a new report. A Wednesday report from City Journal found that San Francisco homeless shelters, with the assistance of state and local governments, are facilitating transgender surgeries for males who identify as female. One such shelter, St. Vincent de Paul’s MSC-South , entered into a $66 million contract with the city to house homeless individuals, including illegal aliens . A pair of Honduran nationals living at the shelter, Lyca and Alondra, reportedly identify as transgender, and both said they receive Medi-Cal, California’s taxpayer-funded Medicaid program. According to City Journal, the taxpayer-funded program covers transgender procedures, or “gender-affirming care,” and provides “full-scope” coverage to illegal aliens. Lyca, who reportedly showed signs of a sex change, said he is receiving cross-sex hormone therapy. Meanwhile, Alondra, who appeared more masculine in physique, said he entered the U.S. illegally after claiming asylum. A translator told City Journal that Alondra declined a housing offer due to affordability concerns, though the government offered to pay one month’s rent. Another shelter, the Embarcadero SAFE Navigation Center, reportedly houses a transgender-identifying individual named Jacqueline. Originally from Mexico, Jacqueline told City Journal that illegal aliens reside at the shelter and said he received breast implants through Medi-Cal. Jacqueline claimed to be a permanent resident but acknowledged that the program also covers procedures for illegal aliens. “Even though you’re undocumented, you can get them,” he stated, as quoted by City Journal. “You have to have a process, the hormones … go throug...
Hull 14-24 St Helens Battling display in defeat feels like coach’s last stand There is rarely a shortage of emotion and passion in this particular part of the rugby league world but even by the usually high standards set in Hull, this was a night many, least of all their head coach, will never forget. On any other night, the headline would be St Helens producing another impressive statement of the...
Hull 14-24 St Helens Battling display in defeat feels like coach’s last stand There is rarely a shortage of emotion and passion in this particular part of the rugby league world but even by the usually high standards set in Hull, this was a night many, least of all their head coach, will never forget. On any other night, the headline would be St Helens producing another impressive statement of their title credentials to go top of Super League. But this was no ordinary night: perhaps underlined not necessarily by the action on the field, but by what transpired after Saints’ win over Hull FC. Continue reading...
Gold headed for a fourth weekly gain after President Donald Trump expressed optimism that the US and Iran could agree a permanent ceasefire to end the war that’s upended markets and heightened inflation fears. Bullion was steady near $4,795 an ounce in early trading, having added nearly 1% this week. Trump said on Thursday that Iran had agreed to terms it has long resisted, including the reopening...
Gold headed for a fourth weekly gain after President Donald Trump expressed optimism that the US and Iran could agree a permanent ceasefire to end the war that’s upended markets and heightened inflation fears. Bullion was steady near $4,795 an ounce in early trading, having added nearly 1% this week. Trump said on Thursday that Iran had agreed to terms it has long resisted, including the reopening of the Strait of Hormuz, although some European and Gulf Arab leaders predicted that a US-Iran peace deal could take about six months to be brokered. Trump also announced that Israel and Lebanon had agreed to a 10-day ceasefire, a move that was later confirmed by Israeli Prime Minister Benjamin Netanyahu. But control over Hormuz, the key waterway that links the Persian Gulf to global markets, remains contentious, with a US naval blockade still in place and Iran pressing ahead with plans to charge ships for transit even after the war is over. Read More: Trump Says Deal With Iran ‘Looking Very Good’ Amid Ceasefire Oil fell on Friday, a day after US stocks pushed to another record high. A recent retreat in energy prices has relieved some of the inflationary pressure that has weighed on bullion since the war began seven weeks ago. Concern about rising consumer prices has led traders to bet that central banks will hold interest rates steady for longer or even hike them — a headwind for non-yielding bullion. Federal Reserve Bank of New York President John Williams said on Thursday that high uncertainty should prevent policymakers from providing any strong guidance on the future path of rates, though his outlook still includes cuts in the longer term. “The underlying backdrop has shifted in a more constructive direction,” Ole Hansen , head of commodity strategy at Saxo Bank AS, wrote in a note. “Lower real yields, a softer dollar, renewed rate-cut expectations and very light speculative positioning collectively point toward a market that is rebuilding rather than breaking down,” ...
Stocks in Asia looked set to open lower Friday as investors weighed a barrage of headlines on the Middle East conflict, including warnings the US-Iran war may drag on for months. Equity-index futures for Australia, Japan and Hong Kong all pointed to declines, trimming gains made by all those markets this week. US stock futures were little changed after the S&P 500 Index edged up Thursday 0.3% to a...
Stocks in Asia looked set to open lower Friday as investors weighed a barrage of headlines on the Middle East conflict, including warnings the US-Iran war may drag on for months. Equity-index futures for Australia, Japan and Hong Kong all pointed to declines, trimming gains made by all those markets this week. US stock futures were little changed after the S&P 500 Index edged up Thursday 0.3% to another all-time high. Netflix Inc. slid in after-hours trading after issuing a second-quarter forecast that missed analysts’ expectations. West Texas Intermediate crude fell at the start of Asian trade after rising Thursday when people familiar said some Gulf Arab and European officials indicated a US-Iran peace deal may take about six months to secure. Elsewhere, gold was little changed and the dollar edged lower against most of its Group-of-10 peers. While President Donald Trump said prospects for a deal with Iran are “looking very good,” delegates at the International Monetary Fund and World Bank meetings in Washington warned markets may be underestimating the war’s economic toll. Investors are betting continued negotiations may reopen the Strait of Hormuz, easing oil and inflation and supporting global growth, though the timing and durability of any agreement remains uncertain. “Investors have become conditioned to buy every dip,” said Michael Bell , head of market strategy at RBC BlueBay Asset Management. “The outlook is binary, either Hormuz reopens soon or it doesn’t. With equity markets already assuming Hormuz will reopen soon, the upside is perhaps limited.” Adding to market concerns, former Treasury Secretary Henry Paulson called on US authorities to prepare a back-up plan in order to avert a potential collapse in demand for the $31 trillion market for US government debt — an event that he warned would have “vicious” effects. Earlier, Trump announced a 10-day ceasefire between Israel and Lebanon. His announcement on Thursday made no mention of Hezbollah. Israeli P...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Introduction If my portfolio has been able to hold up fairly well YTD (I closed each month outperforming the market, though my exposure to energy is just 4%), it is mainly thanks to three stocks, one of which is Netflix, Inc. ( NFLX ). I had long been following the company but considered the stock too expensive until it dipped meanin...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Introduction If my portfolio has been able to hold up fairly well YTD (I closed each month outperforming the market, though my exposure to energy is just 4%), it is mainly thanks to three stocks, one of which is Netflix, Inc. ( NFLX ). I had long been following the company but considered the stock too expensive until it dipped meaningfully on the news of the WBD deal. Using game theory, I thought it was almost certain that Netflix would come out of this situation as a winner, no matter what the outcome would have been. This is why I started buying and am now enjoying gains close to 23% in just a few months. As the company has just reported earnings , I would now like to update my coverage since the outlook is clear from the consequences of the Warner Bros. ( WBD ) deal. By the way, Netflix declined to raise its bid for WBD and walked away from the agreement with $2.8B as a cash termination fee that is visible in Q1. Paramount ( PSKY ) and Warner Bros. now have to work on their agreement and deal with their capital constraints, which are not Netflix's problem. This is particularly urgent because Netflix, right after the release, is down in post-market trading by 8% at the time of writing. Let's then see what happened. Netflix's Q1 2026 Earnings Review First of all, one thing I like about Netflix is that we find a very easy-to-read snapshot of the report , where actual results and guidance are combined so that we can have a clearer picture. As we can see, Netflix reported $12.25B in revenue (its second-best quarter ever), which represents a 16.2% YoY growth, with an operating margin expansion of 50 bps to 32.3%. The top line was a beat . But Netflix missed on its EPS by $0.11 because the market was expecting $1.34 and the company reported $1.23. Moreover, the Q2 forecast seems weak, with diluted EPS only of $0.78 (still $0.06 more YoY). NFLX Q1 2026 Shareholder letter Here, we have to understand how Netf...
Gargolas/iStock via Getty Images NiSource ( NI ) up 2.4% post-market Thursday after unveiling energy infrastructure agreements with units of Alphabet ( GOOG ) ( GOOGL ) and Amazon ( AMZN ) to support data center development in Indiana. NiSource ( NI ) said it signed a new long-term energy supply agreement with a unit of Alphabet ( GOOG ) ( GOOGL ) to support the development and operation of a lar...
Gargolas/iStock via Getty Images NiSource ( NI ) up 2.4% post-market Thursday after unveiling energy infrastructure agreements with units of Alphabet ( GOOG ) ( GOOGL ) and Amazon ( AMZN ) to support data center development in Indiana. NiSource ( NI ) said it signed a new long-term energy supply agreement with a unit of Alphabet ( GOOG ) ( GOOGL ) to support the development and operation of a large-scale data center in northern Indiana beginning in summer 2026, and it expanded an agreement with Amazon ( AMZN ) to speed up power delivery to its sites and bring forward bill credits for residential customers. Capacity and energy for the agreements will be supplied utilizing a GenCo-owned pooled portfolio of dedicated electric generation assets for large-load customers while shielding existing customers from added costs and delivering system-wide savings. NiSource ( NI ) said the GenCo model aims to ensure existing customers benefit from new large users, with savings estimated at ~$1.25B, or $90-$115 annually per household. More on NiSource NiSource: Positioned For Further Data Center-Powered Growth NiSource: Data Center Upside With Less Political Risk NiSource Q4 2025 Earnings Call Presentation