Wall St Engine
CITI: 'THE PRESIDENT STILL HAS SEVERAL OPTIONS UNDER US TRADE LAW TO REIMPOSE TARIFFS'
"Last night a federal trade court struck down President Trump’s Reciprocal Tariffs ruling that he had overstepped his authority by invoking the International Emergency Economics Powers Act (IEEPA) to impose tariffs. The court ordered a permanent stop to the tariffs and also barred any future modifications to them giving the Trump administration 10 days to make the changes. Notably, tariffs on products like aluminium and steel were not impacted by the court ruling as the President did not utilize IEEPA powers. The Trump administration immediately appealed the ruling to the US Court of Appeals."
"While this ruling is favorable for our companies (for which we have outlined the tariff headwind incorporated in guidance in Figure 1 below and in a detailed note published last week), we are wary about how the situation will continue to develop from here for which it seems there are options for Trump reimpose tariffs. Where Do We Go From Here: With the Trump administration appealing the Court of International Trade’s decision, it is possible that the Supreme Court may end up reviewing the case."
"However, as we understand it the President still has several options under US trade law to reimpose tariffs including: (1) Section 122 of the Trade Act of 1974, which would allow temporary tariffs for up to 150 days, but which would subsequently require Congressional action, (2) Section 232 tariffs could be expanded to other sectors allows tariffs in response to threats to national security, and (3) the President could start Section 301 investigations on US trading partners or utilize Section 338 which allows the president to impose levies of up to 50% on imports from countries that discriminate against the U.S."
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CITI: 'THE PRESIDENT STILL HAS SEVERAL OPTIONS UNDER US TRADE LAW TO REIMPOSE TARIFFS'
"Last night a federal trade court struck down President Trump’s Reciprocal Tariffs ruling that he had overstepped his authority by invoking the International Emergency Economics Powers Act (IEEPA) to impose tariffs. The court ordered a permanent stop to the tariffs and also barred any future modifications to them giving the Trump administration 10 days to make the changes. Notably, tariffs on products like aluminium and steel were not impacted by the court ruling as the President did not utilize IEEPA powers. The Trump administration immediately appealed the ruling to the US Court of Appeals."
"While this ruling is favorable for our companies (for which we have outlined the tariff headwind incorporated in guidance in Figure 1 below and in a detailed note published last week), we are wary about how the situation will continue to develop from here for which it seems there are options for Trump reimpose tariffs. Where Do We Go From Here: With the Trump administration appealing the Court of International Trade’s decision, it is possible that the Supreme Court may end up reviewing the case."
"However, as we understand it the President still has several options under US trade law to reimpose tariffs including: (1) Section 122 of the Trade Act of 1974, which would allow temporary tariffs for up to 150 days, but which would subsequently require Congressional action, (2) Section 232 tariffs could be expanded to other sectors allows tariffs in response to threats to national security, and (3) the President could start Section 301 investigations on US trading partners or utilize Section 338 which allows the president to impose levies of up to 50% on imports from countries that discriminate against the U.S."
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Wall St Engine
Per Reuters, Business Insider is laying off 21% of its workforce. In a memo, CEO Barbara Peng said the company is moving away from “traffic-sensitive businesses” amid ongoing volatility in content distribution.
Insider will exit most of its commerce division and invest in a new live journalism events business, BI Live. Peng noted 70% of the business is still tied to traffic, so the company is resizing to better absorb external shocks.
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Per Reuters, Business Insider is laying off 21% of its workforce. In a memo, CEO Barbara Peng said the company is moving away from “traffic-sensitive businesses” amid ongoing volatility in content distribution.
Insider will exit most of its commerce division and invest in a new live journalism events business, BI Live. Peng noted 70% of the business is still tied to traffic, so the company is resizing to better absorb external shocks.
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$NVDA's data center revenue went from $0.3B in 2015 to $131B today.
The stock is up +28,500% over that same period. https://t.co/umA7jgpH3W
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$NVDA's data center revenue went from $0.3B in 2015 to $131B today.
The stock is up +28,500% over that same period. https://t.co/umA7jgpH3W
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Quiver Quantitative
RT @Chrisjjosephs: Big News Alert 😱🤤📈💸💰🫨🥶
Autopilot officially passed $750,000,000 AUM making us one of the fastest-growing RIAs in America
- $400M literally autopiloting Nancy Pelosi
- 60+ live portfolios
- 150K happy investors
Here's us on Fox News forgetting English while sharing it https://t.co/m5kPqhKWTY
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RT @Chrisjjosephs: Big News Alert 😱🤤📈💸💰🫨🥶
Autopilot officially passed $750,000,000 AUM making us one of the fastest-growing RIAs in America
- $400M literally autopiloting Nancy Pelosi
- 60+ live portfolios
- 150K happy investors
Here's us on Fox News forgetting English while sharing it https://t.co/m5kPqhKWTY
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Wall St Engine
$CVS is closing 271 more stores in 2025 as part of its restructuring plan, after already shutting around 900 locations since 2022. The company says the move will help it streamline operations and adjust to changing consumer patterns, not a response to industry pressure. Even after the cuts, 85% of Americans will still live within 10 miles of a CVS, per Newsweek.
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$CVS is closing 271 more stores in 2025 as part of its restructuring plan, after already shutting around 900 locations since 2022. The company says the move will help it streamline operations and adjust to changing consumer patterns, not a response to industry pressure. Even after the cuts, 85% of Americans will still live within 10 miles of a CVS, per Newsweek.
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Wall St Engine
DeepSeek just rolled out an upgraded version of its R1 AI model, saying it now reasons better and hallucinates less.
The company claims the update improves math, coding, and logical thinking, bringing it closer in performance to OpenAI’s o3 and Google’s Gemini 2.5 Pro. The original R1 shook up the AI world back in January, and the new version, DeepSeek-R1-0528, keeps the momentum going. Announcement came just before Nvidia's latest earnings — a reminder of how quickly China’s AI competition is evolving.
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DeepSeek just rolled out an upgraded version of its R1 AI model, saying it now reasons better and hallucinates less.
The company claims the update improves math, coding, and logical thinking, bringing it closer in performance to OpenAI’s o3 and Google’s Gemini 2.5 Pro. The original R1 shook up the AI world back in January, and the new version, DeepSeek-R1-0528, keeps the momentum going. Announcement came just before Nvidia's latest earnings — a reminder of how quickly China’s AI competition is evolving.
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