Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers

Cantor Fitzgerald Slammed Over Tariff Trades Which Never Happened In retrospect, if only Cantor Fitzgerald was called PolyCantor, none of this would have happened. Ever since September, the upstart online betting marketplace PolyMarket has been offering traders the opportunity to make money by betting whether the US Supreme Court would rule in favor or against Trump's tariffs, with millions of bets placed for either outcome (of course, we learned the outcome at 10am ET on Friday, when a 6-3 majority - including two Justices selected by Trump - voted against the...

Federal Court Clears Way For Gulf Of America Energy Development Authored by Kimberley Hayek via The Epoch Times, A federal court has quashed a lawsuit objecting to federal supervision of oil and gas operations in the Gulf of America following the government’s steps of exempting those activities from the Endangered Species Act (ESA), citing national security reasons.  The U.S. District Court for the District of Maryland decreed the case moot and said it did not hold jurisdiction to continue. The dismissal comes after the Endangered Species Committee’s unanimous March 31 move to...

America: Land Of The (Not Really) Free Authored by Ron Paul via the Ron Paul Institute, Two weeks ago, President Donald Trump commemorated income tax payments being due by having DoorDash deliver food from McDonald’s to the White House. The delivery was intended to highlight the first year of tax-free tips. Removing tax on tips was part of the 2025 Big Beautiful Bill (BBB). As the sponsor of the first No Tax on Tips legislation introduced in Congress, I was obviously pleased to see this change in tax laws included in the...