US Launches Airstrikes Across Iran’s Coast

Israel bombed facilities at the South Pars natural gas field in Iran. The world’s largest natural gas field is under the Persian Gulf and is split between Iran and Qatar. On Wednesday, strikes hit facilities in Iran’s Bushehr province tied to the gas field. Following the attack, Israeli officials told Axios that the operation was conducted in coordination and […]

IRS Takes Aim At AQR's Tax-Slashing "Holy Grail", Warns Crackdown May Be Retroactive For three years Wall Street's hottest product wasn't a stock, a sector or even an AI trade - it was losing money. Specifically, losing it in a very precise, very engineered way so that the "losses" could be handed to the IRS while the portfolio itself kept compounding. But now the taxman has finally noticed. On Monday, Treasury and the IRS released Notice 2026-62 and Revenue Ruling 2026-20, a double-barreled warning shot at the "tax alpha" industry. Among...

The Pentagon is in talks on purchasing Ukrainian-made interceptors to counter Iranian drones, the Financial Times has reported, as senior US officials have told Congress that US forces in the Middle East are having more trouble intercepting Iran’s drones than expected. The report said that at least one Gulf country was also in talks on […]