The Owner — Wednesday, 13 May 2026

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Articles #

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Importers Capture Billions From Invalidated Border Tariffs #

Washington. U.S. Customs and Border Protection executive director Brandon Lord sat before a closed court hearing Tuesday to quantify the price of administrative failure. Since launching an online portal last month, the agency has cleared $35.5 billion in tariff refunds. The state's inability to legally defend President Donald Trump's signature trade policy has yielded a massive unearned dividend for corporate balance sheets. The agency's Consolidated Administration and Processing of Entries portal went live on April 20 to handle claims on…

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Saudi Aramco Captures Premium As Blockade Chokes Strait #

Dhahran, Saudi Arabia. Saudi Aramco reported a 26 percent year-on-year jump in first-quarter profits on Sunday, demonstrating the precise financial value of geopolitical friction. While the U.S. naval blockade of the Strait of Hormuz chokes off transit through a channel barely 33 kilometres wide, the state oil giant simply diverted…

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American Bitcoin Posts Eighty Million Loss Despite Record Yield #

The computing hardware at American Bitcoin processed complex cryptographic algorithms at an unprecedented rate during the first quarter of 2026, mining 817 Bitcoin. Yet the Trump-linked firm generated a net loss of $81.79 million on revenue of just $62.12 million. The balance sheet confirms that the physics of cryptocurrency extraction…

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Ammunition Workers Secure Contract After Overtime Strike Ends #

Independence, Missouri. Nearly 1,300 workers began returning to the Lake City Army Ammunition Plant on May 7 after ratifying a new four-year collective bargaining agreement. The month-long strike halted critical…

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Ford Subsidiary Launches Twenty Gigawatt Grid Battery Operation #

Ford Motor Company is pivoting its century-old industrial assembly lines from internal combustion vehicles to stationary power storage. The newly formed Ford Energy subsidiary plans to deploy at least 20…

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In Brief #

Secret Service Demands Billion Dollar White House Security

Secret Service Director Sean Curran requested $1 billion for White House upgrades, including $220 million for an East Wing ballroom. Senate Republicans balked at the presentation, with Indiana Senator Todd Young demanding "more detail about how exactly they arrived at the figures."

Senate Schedules Critical Digital Asset Markup Hearing

The Senate Banking Committee will meet on May 14 to consider the Digital Asset Market Clarity Act of 2025. Solana Policy Institute president Kristin Smith called the markup "a make or break moment for American leadership in financial markets."

Amazon Defeats Consumer Biometric Privacy Class Action

Judge Stephanos Bibas of the Third Circuit granted summary judgment to Amazon Web Services, defeating a class action lawsuit over consumer privacy. The suit alleged the firm violated Illinois biometric laws while processing customer-service calls for John Hancock.

Supreme Court Allows Alabama Congressional Map Revision

The Supreme Court cleared the way for Alabama to use a 2023 congressional map, nullifying a lower court mandate for a second majority-black district. Governor Kay Ivey signed legislation allowing new primaries to proceed under the revised boundaries.