Unfair Gains? Let's Talk About A European Windfall Tax

DOJ Finds USDA Preferences For 'Socially Disadvantaged' Farmers Discriminatory Authored by Bryan Hyde via American Greatness, The Department of Justice (DOJ) has concluded that the U.S. Agriculture Department’s (USDA) favors for “socially disadvantaged” groups unconstitutionally discriminate based on race and sex. Just the News reports that the Office of Legal Counsel (OLC) has determined conservation‑planning programs that authorized USDA to waive user fees for “socially disadvantaged” farmers as defined by race‑ and sex‑based criteria, violated the Constitution’s equal-protection guarantee. 🔥Hot off the presses: @TheJusticeDept explains that the @USDA cannot give benefits only to certain...

Futures Rally Amid Fresh Iran Peace Hopes, All Eyes On SpaceX US stock futures and global markets are higher, extending their rally while oil hit the lowest level in months following fresh reports that the US and Iran are nearing a provisional agreement to end their war, even if top leadership has yet to sign off. Meanwhile, all eyes are on SpaceX - the world's biggest IPO- where shadow markets are pricing a spike of at least 35% for SpaceX on its debut, while online market see odds of a...

WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release. "Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East," noted Neil Wilson, Saxo UK investor strategist. And while, the main drivers of crude prices remain more global, the domestic supply and demand situation remains noteworthy based on its impact on gasoline (pump) prices. API Crude -1.7mm (+1.1mm exp) Cushing Gasoline -1.8mm Distillates -2.3mm DOE Crude +3.82mm (+1.1mm...