HSBC Warns Global Zinc Market Is Flashing Signs Of Tightness

Trump Weighs Federal Challenge To Mamdani's Socialist Tax "Experiment," Warns It Will Doom NYC Summary: Trump Weighs Federal Challenge to New York Pied-à-Terre Tax Judge Temporarily Blocks Mamdani's Socialist Tax Scheme Trump Weighs Federal Challenge to New York Pied-à-Terre Tax President Trump said in a Truth Social post around lunchtime that his administration is examining whether the federal government has the legal authority to block NYC Mayor Zohran Mamdani's dangerous political "experiment" before it can "destroy what was once a great City and State." "It is pure Amateur Hour, and it's hard, as President of...

Italy Cuts Fuel Taxes As Iran Crisis Drives Oil Higher; Germany Refuses Relief Despite Windfall Submitted by Thomas Kolbe A robust market economy unfolds its maximum absorption capacity precisely during external shocks. In such cases, policymakers would essentially only need to sit still, as the storm clouds usually pass on their own—true to the principle that high prices are the cure for high prices. This, of course, only applies to energy markets if governments have not already removed themselves from the equation through grotesque political interventions long before the crisis. For European...

First Houthi Drones Sent On Israel Since Iran Ceasefire Took Effect In what appears to be the first Houthi attack out of Yemen since the broader Iran ceasefire came into place starting in early April, the Israel Defense Forces said a drone "launched from the east" was intercepted by the Israeli Air Force near the southernmost city of Eilat on Tuesday. The IDF further indicated it is believed to have been launched from Yemen, although the IDF is still investigating its origin, according to Israeli media reports. Israel's Channel 12 is citing...