Poland Moves To Tax Fuel Windfalls Earned During Iran War

Limits On Border Patrol Arrests In California Lifted By Federal Appeals Court Authored by Matthew Vadum via The Epoch Times, A federal appeals court on Aug. 24 rescinded a preliminary injunction that limited U.S. Border Patrol stops and arrests in California's Central Valley. The U.S. Court of Appeals for the Ninth Circuit found that a federal district court failed to properly analyze whether the plaintiffs had standing to seek forward-looking relief based on alleged harms in the past. Standing refers to the right of someone to sue in court. The parties must show,...

"Stunning Quarter": Highest Earnings Growth In Over Two Decades Yesterday, Deutsche Bank's head of thematic research published his latest chartbook, "The Great 2026 Reset," which delves into the market and political implications of the Iran conflict (available here to pro subs). One key topic explored by Reid is the remarkable US Q1 earnings season. As we previewed ahead of the start of reporting seasons, earnings are significantly exceeding consensus estimates across all metrics, despite a high bar. S&P 500 earnings growth is projected to accelerate sharply from 13.4% in Q4 to...

Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike Over the weekend, both Emirates Global Aluminum (EGA) - the largest aluminum producers in the Gulf - and Aluminium Bahrain (ALBA) reported drone attacks damaging smelting facilities after hits on Iranian steel infrastructure last week. Neither company (at the time) confirmed whether supply will be impacted, but this morning the worst case appears to be confirmed with Reuters reporting that according to a Wednesday note by consultancy Wood Mackenzie "EGA's Al Taweelah facility in the United Arab Emirates halted...