Container Ship Sinks In Hormuz After Iranian Strike Last Month; UBS Gives Latest Strait Update

Federal Judges Rule Against White House Ballroom, Defunding NPR And PBS Another week, another couple of activist judges ruling against the Trump administration. Architect Shalom Baranes shows a site plan for the White House ballroom during a meeting of the National Capital Planning Commission in Washington on Jan. 8, 2026. Chip Somodevilla/Getty Images On Tuesday, federal judges issued orders blocking the ongoing ballroom construction at the White House, and halted federal agencies from pulling funding for National Public Radio and the Public Broadcasting Service. On the Ballroom: U.S. District Judge Richard Leon said the president...

Wall Street's Trillion-Dollar Bet On "Tax Alpha" Tax alpha — the practice of improving investment returns by reducing taxes — has become one of the fastest-growing strategies on Wall Street, according to Bloomberg.  Rather than focusing only on beating the market, many investment firms now design portfolios to minimize taxes, often producing higher after-tax returns even if pre-tax performance is similar to traditional strategies. After years of rising markets, many wealthy Americans hold large unrealized gains in stocks and funds. To address the resulting tax burden, asset managers have developed a wide...

Vice President JD Vance has been questioning the assessments coming out of the Department of War about the success of the US military in Iran.  According to two senior White House officials speaking with The Atlantic, Vance has expressed skepticism about the Pentagon’s estimates about the depletion of US munitions during the war against Iran.  […]