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Trump Set To Suspend Jones Act To Help Tame Oil Prices
Trump Set To Suspend Jones Act To Help Tame Oil Prices
One day after the Trump administration flip-flopped on using the Strategic Petroleum Reserve (SPR) - eventually deciding to release 172 million barrels to try and counter the rising price of oil, they're now planning to issue temporary waivers for a century-old maritime law, the Jones Act, that requires American-built ships to be used to transport goods between US ports, in yet another attempt to control crude.
Under the plan, 30-day waivers would be issued that would allow foreign tankers to help supply refiners on...
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Aug 7, 2026 / Tyler Durden
Consumers More Optimistic On Jobs, Financial Conditions, Stock Prices As Inflation Eases: NY Fed Survey
Consumers More Optimistic On Jobs, Financial Conditions, Stock Prices As Inflation Eases: NY Fed Survey
Unlike recent extremely volatile months, consumers expectations for inflation in July barely budged as disclosed today by the latest NY Fed Survey, which showed that inflation expectations in one year fell slightly to 3.6% from 3.7% prior. Estimates for price increases in three and five years remained at 3.3% and 3%, respectively, although the 3Y inflation forecast did dip notably, if not enough to move it by a significant digit.
Gas price growth expectations rebounded partially...
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Aug 18, 2026 / Tyler Durden
Federal Judge Halts Move Of FBI Headquarters To Ronald Reagan Building Rather Than Maryland
Federal Judge Halts Move Of FBI Headquarters To Ronald Reagan Building Rather Than Maryland
Authored by Matthew Vadum via The Epoch Times,
A federal court on Aug. 17 blocked a Trump administration plan to move the proposed new FBI headquarters to the Ronald Reagan Building in Washington instead of a site in nearby Greenbelt, Maryland, that was chosen in 2023.
The former United States Agency for International Development building is seen at the Ronald Reagan Building and International Trade Center in Washington, DC, on July 08, 2025. Kayla Bartkowski/Getty Images
Congress passed laws...
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Apr 20, 2026 / Tyler Durden
Chief Justice Roberts Faces Two Strikes After New Leak Rocks The Court
Chief Justice Roberts Faces Two Strikes After New Leak Rocks The Court
Authored by Jonathan Turley,
The legendary baseball player and manager Ted Williams once wrote a letter to the Angels outfielder Jay Johnstone on improving his hitting. Among his pieces of advice was that “with two strikes, you simply have to protect the plate.”
Williams’s advice on not striking out came to mind this week when another leak of confidential information rocked the Supreme Court. (The prior leak of the Dobbs decision went unsolved).
For Chief Justice John Roberts, the message is clear: it...
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