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Trump Lifts Jones Act for 60 Days in Effort to Lower Oil Price

President Donald Trump has issued a waiver that suspends the enforcement of the Jones Act for 60 days. The Jones Act is a protectionist law that was meant to bolster the domestic shipbuilding industry by forbidding foreign ships from transporting goods between US ports. “President Trump’s decision to issue a 60-day Jones Act waiver is […]
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May 29, 2026 / Tyler Durden
Consumers Face Fiscal-Cliff As Tax-Refund Sugar-High Fades
Consumers Face Fiscal-Cliff As Tax-Refund Sugar-High Fades Nearly two months of the national average gasoline price exceeding the politically sensitive $4-per-gallon level have left corporate America increasingly worried about consumer health this earnings season. Kraft Heinz's CEO warned that some households are "literally running out of money," while UBS analysts caution that even as the AI-linked chip and memory bubble inflates markets to new highs, there are growing "consumer cracks beneath the surface." The Financial Times reports that U.S. consumers may face a cash crunch this summer as Trump-era tax refund...
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May 19, 2026 / Tyler Durden
Trump: May Have To Give Iran Another "Big Hit" - It Has "Two Or Three" Days To Come To Table
Trump: May Have To Give Iran Another "Big Hit" - It Has "Two Or Three" Days To Come To Table Update(1140ET): President Trump has on Tuesday while fielding questions from reporters repeated his line that Iran is 'begging' for a deal. "They're begging to make a deal. I hope we don't have to do the war, but we may have to give them another big hit. We may have to give them another big hit. You'll know very soon." His threat to give them another "big hit" was coupled with the assertion...
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Feb 28, 2026 / Kyle Anzalone
US, Israel Launch War on Iran
The US and Israel have started an aggressive war against Iran, and Tehran has retaliated with strikes against Israel and American military bases in the Middle East.  In a video posted to Truth Social early Saturday morning, President Donald Trump announced the beginning of military operations against Iran. Trump called on the Iranian people to […]
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