Trump Faces Plot Twist In Ilhan Omar Warrant Fight As Old Foe Reemerges; And What Did Obama's FBI Know?

Last week, 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 […]

Standard Chartered Says Hormuz Oil Flows Are Far From Normal Authored by Alex Kimani via OilPrice.com, Gulf oil exports rebounded to roughly 16.5 million bpd in September, near pre-war levels, despite only 60% of those barrels crossing Hormuz versus 83% before the war. Exporters have adapted through pipelines, bypass ports and extensive ship-to-ship transfers, but the system is more expensive, inefficient and increasingly stretched, with elevated freight and security costs. Iran’s ability to choke off regional oil exports has weakened, while its own seaborne crude exports have fallen from around 1.7 million...

Services Sector Contraction In March Screams Q1 Stagflation Following S&P Global's Manufacturing PMI's better than expected print higher (signaling resilience in the face of March's war in Iran), the data released this morning showed the US Services Sector experienced a contraction of activity at the end of the first quarter of 2026. The headline S&P Global US Services PMI Business Activity Index recorded 49.8 in March, down from February’s 51.7 and lower than the earlier ‘flash’ estimate of 51.1. It was the first decline recorded in over three years amid the weakest...