
US Treasury Sanctions Cartel Leader in Fuel Theft Crackdown
The US Treasury Department announced sanctions on three Mexican nationals and two Mexican companies involved in fuel theft and smuggling by the Cartel Jalisco Nueva Generacion.
The new batch of sanctions are the latest in ongoing efforts by Mexico and the US to curtail stolen fuel shipments that have cost the Mexican government billions of dollars and become the most significant non-drug revenue for the Cartels according to a Thursday statement from the Treasury's financial crime enforcement division. Last year, Treasury's Office of Foreign Assets Control sanctioned nine Mexican nationals and 26 Mexico-based entities linked to fuel theft, known colloquially in Mexico as huachicol.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Loving Giving Local: Rhoxon Productions
Movie enthusiasts will benefit from this week's Loving Giving Local donation. A local movie production company that sponsors a film festival is this week's recipient. Rhoxon Productions got a financial gift from Auto Express Resale Center. Rhoxon is an Erie-based non-profit independent film company that creates organic stories that promote a positive change. Besides creating art, Rhoxon strives to create jobs and educational opportunities in the film industry. 'Our last few projects have been about healing and about coping, and our next two are about revamping the social justice system,' said Katie Nixon, RhoxonProductions co-founder. 'That's sort of our creative endeavors, and we also create educational opportunities for people to learn how to do this professionally.' Nixon says Rhoxon has a vision of creating 50 new jobs in the film industry here. And she insists you no longer have to be on the East or West Coast to have a film career. 'No, the landscape has changed so much. Even Netflix has created their new studio out in Jersey. It's not just that you have be in New York or LA,' she explained. 'Erie is kinda a really interesting place. You have beach, you have woods, you have city, you have country all within 15 minutes of each other.' That landscape diversity, Nixon said, makes Northwest Pennsylvania the perfect place for shooting movies. This week's Loving Giving Local donation will help support an upcoming film festival. Nixon said, 'We started the only multi-genre film festival here in Erie. It's the Lake Effect Film Festival, which will be in September. So that money will go to help make that event possible.' After making his check presentation, Joe Askins of Auto Express Resale Center said, 'We're pretty fortunate to have Rhoxon in our community and they're already doing great things. So for us to be able to deliver loving giving local and to learn the donation we bring is going toward their film festival, that's what Loving Giving Local is all about,' Askins said. You can learn more about the film festival and Rhoxon's work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
31 minutes ago
- Yahoo
Rockford hydroelectric project aims to power five homes with clean energy
ROCKFORD, Ill. (WTVO) — A Rockford-based company wants to harness the Rock River to produce energy to power homes. Latitude Power of Rockford partnered with design firm Studio GWA to create a pilot project that would use hydroelectric generators to create enough clean energy to supply electricity to five homes. 'Essentially, it takes wasted energy that's either flowing over a dam, or anywhere water is falling,' said Jared Cacciatore, Latitude Power co-founder. Rockford's Fordam dam will soon become the pilot program's test site, where a micro hydroelectric generator will be installed. 'We can take that water, that which is potential energy, and turn it into mechanical energy through a turbine and a generator, and then turn that into, you know, electrical energy,' Cacciatore said. Latitude Power received state funding through Illinois' Climate and Equitable Jobs Act (CEJA) to help develop the project. 'The company here won a nearly $1 million grant to produce hydroelectric power and uses the Rock River to generate electricity, which is a great concept. The Rock River has been a huge asset for this area, so it seems to be the next step in using this asset to generate clean power and provide electricity throughout the area,' said Sen. Steve Stadelman (D-Rockford). Latitude has already done smaller-scale testing, but moving to the Rock River means new challenges. 'It performs pretty, pretty well at the wastewater plant. But this is a new environment. It's a new, you know, there are new challenges. Will it will it be safe from vandalism? Will we be safe from other things we haven't thought of?' Cacciatore said. The company hopes the pilot project will generate enough electricity to power five homes. If successful, it plans to scale up from there. 'We want to help to help Rockford become a beacon of clean energy, a beacon of collaborative community involvement and advocacy for each other and for for the community and for the the greater good for the planet,' Cacciatore said. Once the grant funding is in place, Latitude hopes to have the project done within 18-20 months. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
32 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures slip as investors assess easing trade tensions
US stock futures slipped as Wall Street assessed easing tensions between the US and key trading partners as well as softening inflation. Futures attached to the Dow Jones Industrial Average (YM=F) dipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) fell 0.2%. On Wednesday, Treasury Secretary Scott Bessent told Congress it is "highly likely" that countries engaging in trade negotiations with the US would see an extension of a tariff pause that is already in place on President Trump's most sweeping duties. Bessent's comment came after he returned from London on Tuesday, where representatives from US and China announced the countries had agreed to a proposal that would address critical trade disputes. Read more: The latest on Trump's tariffs Stocks wobbled during the day Wednesday amid the evolving trade news as well as the latest Consumer Price Index (CPI) report, which showed easing inflation pressures. The data puts the Federal Reserve in a tight spot ahead of its policy meeting next week, though analysts expect officials to maintain their wait-and-see approach to interest rate cuts as tariff uncertainty lingers. On Thursday, investors will receive fresh data on wholesale inflation with the release of the Producer Price Index (PPI) report. As earnings season wraps up, Adobe (ADBE) will also share its results. Sign in to access your portfolio