Cantor Fitzgerald Slammed Over Tariff Trades Which Never Happened

Supreme Court Allows Trump Admin To Remove Deportation Protections For Syrians & Haitians Authored by Sam Dorman via The Epoch Times, The Supreme Court has allowed the Department of Homeland Security’s (DHS’s) attempt to remove deportation protections for nationals of Haiti and Syria. In a 6–3 decision on June 25, a majority of the court said federal law barred judicial review of non-constitutional arguments against the department’s determinations. Justice Samuel Alito wrote the majority opinion, which said the sole constitutional argument in the case would likely fail. “Citing statements made by President Trump and...

"Resilient" US Manufacturing Sector Surges In Face Of War, Prices Paid Up Amid the fog of war and fading 'hard' data, the final March S&P Global Manufacturing PMI printed 52.3 (a small drop from the flash 52.4 print), higher than the 51.8 print for February. “Faster growth of output in March points to encouraging resilience for US manufacturing in the face of the outbreak of war in the Middle East," according to Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. The ISM Manufacturing PMI also rose from 52.4 to 52.7 -...

Italy Cuts Fuel Taxes As Iran Crisis Drives Oil Higher; Germany Refuses Relief Despite Windfall Submitted by Thomas Kolbe A robust market economy unfolds its maximum absorption capacity precisely during external shocks. In such cases, policymakers would essentially only need to sit still, as the storm clouds usually pass on their own—true to the principle that high prices are the cure for high prices. This, of course, only applies to energy markets if governments have not already removed themselves from the equation through grotesque political interventions long before the crisis. For European...