Economy & Finance

Trump Admin Revamps Steel, Aluminum, Copper Tariffs; Imposes 100% Duties On Patented Drugs The Trump administration on Thursday announced a pair of tariff actions under national-security authority, maintaining core 50% duties on many imported steel, aluminum and copper products while overhauling the rules to exempt goods containing negligible amounts of those metals and imposing 100% […]

Justice Jackson’s Birthright Citizenship Comments Were A Total Disaster Justice Ketanji Brown Jackson turned Wednesday’s Supreme Court birthright citizenship oral arguments into another demonstration of her lack of qualifications for sitting on the high court. The case centers on President Trump’s executive order challenging the automatic grant of citizenship to children born on U.S. soil

US Apartment Rents Post Largest Annual Decline Since 2017 In March: Report Authored by Rob Sabo via The Epoch Times (emphasis ours), The national median apartment rent shook off the seasonal winter chill and inched up by 0.4 percent in March from February to $1,363, Apartment List reported. A sign is posted in front of

US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why Despite the launch of Operation Epic Fury against Iran in late February, U.S. defense stocks have moved lower rather than higher, prompting a UBS analyst to pen a note to clients this week attempting to answer why the makers of missiles and tanks failed

OpenAI Snaps Up TBPN, Slashes ChatGPT Pricing As Secondary Market Interest Fades Update (1400ET): In a surprise move, OpenAI has acquired TBPN (Technology Business Programming Network), the influential daily technology talk show and media platform hosted by John Coogan and Jordi Hays. TBPN has become one of Silicon Valley’s most-watched programs for real-time tech news, M&A

Three LNG Tankers Are First To Cross Strait Of Hormuz Since War Started While a growing number of ships have been traversing the Strait of Hormuz, with Lloyd’s List reporting a total of 142 vessels have transited since the start of March, but 67% of that traffic has a direct affiliation with Iran… and the figure

Gulf States Considering Network Of New Pipelines To Bypass Strait Of Hormuz One month ago, at the start of the war, we said it was surprising that UAE’s oil export terminal of Fujairah was not a bigger terminal as it bypasses the Straits completely, and predicted a “major infrastructure push here after the war.” Surprising

Trump Fires Pam Bondi As Attorney General, Blanche To Be Acting AG Update (1315ET): President Donald Trump has ousted Attorney General Pam Bondi, multiple outlets report. Deputy Attorney General Todd Blanche is serving as acting AG in the interim. The move comes amid White House frustration with Bondi’s leadership at the Justice Department –  particularly her

Kremlin Asks US For Ceasefire At Bushehr Nuclear Plant To Get Remaining Russian Staff Out Russia is seeking approval from the US and Israel for a ceasefire for the Bushehr nuclear ⁠power plant in Iran, RIA news agency reported Thursday. Airstrikes across the country have reportedly been on the uptick in the past some 48 hours.

Coinbase Exec Says Senate CLARITY Act Deal On Stablecoin Yield “Very Close” Authored by Amin Haqshanas via CoinTelegraph.com, Coinbase chief legal officer Paul Grewal said the US Digital Asset Market Clarity Act is “moving toward” a markup hearing in the US Senate Banking Committee and could eventually move to a floor vote if senators resolve