On Friday, the Supreme Court of the United States ruled 6-3 that tariffs imposed by President Donald Trump under the International Emergency Economic Powers Act were illegal, a decision that could leave the U.S. government facing more than $175 billion in potential refunds. At the center of the case was Trump’s use of IEEPA, a 1977 law that gives presidents certain powers during national emergencies. Trump used it to place tariffs on a wide range of imported goods without direct approva...
A federal grand jury indicted three Silicon Valley engineers on charges of stealing trade secrets from U.S. technology companies, including Google (NASDAQ: GOOGL), and transferring sensitive information to Iran, prosecutors said Thursday. The defendants: Samaneh Ghandali, 41; Soroor Ghandali, 32; and Mohammadjavad Khosravi, 40, were arrested in San Jose and appeared in federal district court the same day. According to the U.S. attorney’s office for the Northern District of California, t...
Someone get Donnie Politics on the phone and tell him I’m absolutely tired of winning… if that’s what this is… Because the Bureau of Economic Analysis just dropped Q4 GDP and… whew. It sure looks a lot like the White House is operating on “concepts of a plan.” The U.S. economy grew at an annualized rate of 1.4% in the fourth quarter of 2025, well below the 2.5% to 2.9% economists were expecting. For context, Q3 was humming along at 4.4%, and...
Bath & Body Works (NYSE: BBWI) has begun selling products through an authorized storefront on Amazon (NASDAQ: AMZN), marking its first official presence on the e-commerce platform. The retailer is offering a selection of fragrances, body washes, hand soaps and candles to U.S. shoppers on Amazon, with items eligible for Prime shipping and no minimum purchase requirement. Prior to the launch, Bath & Body Works merchandise had been available on the marketplace through third-party sellers...
Hey Alexa, define brick and mortar is dead… Well friends, it’s official… the retail Iron Throne has a new king and it smells like cardboard boxes and my wife's same-day delivery obsession. Andy Jassey just put the Walton’s on notice as Amazon passed Wally World in annual revenue for the first time ever, posting $716.9 billion to Walmart's $713.2 billion. A $3.7 billion gap for those who don't do math. However, for those calling this an&...
And just like that… Steak ‘n Shake just became Michael Saylor’s favorite new burger joint in South Beach… Nine months ago, Steak ’n Shake looked at its grill, looked at its balance sheet, and said, “You know what this needs? A decentralized monetary revolution.” So it started accepting Bitcoin. And now? The burger chain claims its same-store sales have risen “dramatically” ever since. (Source: CoinDesk) While most fast-food chain...
“Ok… just hear me out… we steal every single one of Target’s best suppliers…” -Walmart CEO John Furner trying to save face Wally World (-3%) just dropped its first earnings report under new CEO John Furner…And at first glance, it should’ve had all the rednecks in Bentonville popping fireworks in the parking lot. The company (started by a man who flew his personal plane around the country to steal other company’s secrets) beat...
“And another one bites, and another one bites, and another one bites the dust…” Remember over the weekend when I said DP World’s CEO getting escorted to the corporate guillotine might be the opening act in the Epstein boardroom purge? Well, another batch of “I can’t believe they typed that out and hit send” emails have now claimed a fresh billionaire scalp. Hyatt Hotels Chairman (and literal hotel-empire heir) Thomas J. Pritzker is officially...
Someone get Donnie Politics on the phone and tell him I’m absolutely tired of winning… if that’s what this is… Because the Bureau of Economic Analysis just dropped Q4 GDP and… whew. It sure looks a lot like the White House is operating on “concepts of a plan.” The U.S. economy grew at an annualized rate of 1.4% in the fourth quarter of 2025, well below the 2.5% to 2.9% economists were expecting. For context, Q3 was humming along at 4.4%, and...
“Got the market going up… on a Wednesday” - Drake Jensen Huang If there was ever a plot twist in the market, today was it. Wednesday was supposed to be all about the Fed minutes. We were supposed to sit there, hands folded, reading Jerome Powell's meeting notes like it was assigned homework. Instead the market took one look at "rates unchanged, Jerome's mood unclear” and said “YOLO” directly back into chips and memes. (Source: Tenor)&nb...
Hey Alexa, define brick and mortar is dead… Well friends, it’s official… the retail Iron Throne has a new king and it smells like cardboard boxes and my wife's same-day delivery obsession. Andy Jassey just put the Walton’s on notice as Amazon passed Wally World in annual revenue for the first time ever, posting $716.9 billion to Walmart's $713.2 billion. A $3.7 billion gap for those who don't do math. However, for those calling this an&...
“First time? Huh?” -Silicon Valley Bank to Blue Owl Capital Blue Owl just found out what happens when you promise retail investors quarterly liquidity… on assets that take years to unwind. Spoiler: it gets awkward. Yesterday, Blue Owl Capital (-6%) permanently restricted withdrawals from one of its retail-focused debt funds (the Blue Owl Capital Corp II) after getting smacked with a wave of redemption requests last year. Translation: the “semi-liquid” fun...
Live footage of the stock market in 2026: As if the rally wasn’t already skating on one good leg, Donnie Warhands rolled in like Tonya’s “friend” and handed stonks the full Nancy Kerrigan special. (And to be fair… he didn’t swing solo… there was some legit help involved. We’ll get to that in a second.) By the closing bell, the Dow was smacked for 363 points (-0.7%), the S&P 500 slipped 0.5%, and the Nasdaq dropped 0.6%. And if...
Yesterday's event at Mar-a-Lago was the Super Bowl for crypto bros… On Wednesday, the chandeliers were glowing a little brighter in Palm Beach. World Liberty Financial, the Trump family’s crypto venture (they reportedly hold a 38% stake), gathered Wall Street royalty, federal regulators, senators, and who could forget… Nicki Minaj… for a summit one speaker dubbed the “power center of the universe.” (Calm down bro, you buy Bitcoin for a living)....
The Meal of Fortune… Nelson Peltz has a fever and the only medicine is America’s favorite Carrot Top (read: Wendy’s). According to an SEC filing dropped Wednesday, Peltz's Trian Fund Management has been chatting up financiers, co-investors, and "strategic partners" about potential deals for Wendy’s… including a full acquisition. Live look at Wendy’s investors right now… (Source: Giphy) Naturally, shares...
Everyone: “Saas companies are dead…” Figma: Bet Apparently the Pixel Pixies were on full tilt last quarter because Figma just dropped the hottest diss of the SaaSpocalypse so far. Shares mooned north of 15% yesterday as Figma dropped quarter numbers that had literally zero business of being this good. (Source: Giphy) In short, revenue came in like a wrecking ball at $303.8 million in revenue against a $293 million consensus which is a… *checks not...
“Ok… just hear me out… we steal every single one of Target’s best suppliers…” -Walmart CEO John Furner trying to save face Wally World (-3%) just dropped its first earnings report under new CEO John Furner…And at first glance, it should’ve had all the rednecks in Bentonville popping fireworks in the parking lot. The company (started by a man who flew his personal plane around the country to steal other company’s secrets) beat...
“Got the market going up… on a Wednesday” - Drake Jensen Huang If there was ever a plot twist in the market, today was it. Wednesday was supposed to be all about the Fed minutes. We were supposed to sit there, hands folded, reading Jerome Powell's meeting notes like it was assigned homework. Instead the market took one look at "rates unchanged, Jerome's mood unclear” and said “YOLO” directly back into chips and memes. (Source: Tenor)&nb...
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