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Another day, another AI headline. Unsurprisingly, NVIDIA <a href="https://www.zacks.com/stock/quote/NVDA">NVDA</a> is the one in the news again, with an announced partnership with fellow Magnificent 7 member Meta Platforms <a href="https://www.zacks.com/stock/quote/META">META</a> keeping interest in the broader AI buildout red-hot. Specifically, the partnership will enable the large-scale deployment of NVIDIA CPUs and millions of NVIDIA Blackwell and Rubin GPUs, as well as the integration of NVIDIA Ethernet switches for Meta’s Facebook Open Switching System platform. In other words, Meta Platforms will deploy a massive number of NVDA’s AI chips and technology to power its data center computing needs, helping META achieve its lofty AI goals while also giving NVDA a huge customer. <h2>NVIDIA Earnings Loom</h2> Interestingly, NVIDIA headlines the reporting docket for next week, whose release will pretty much wrap up the Q4 cycle in general. The company is always a late reporter in the cycle, making investors be patient for the most highly-awaited release over the last several years. As shown below, both earnings and revenue estimates for the quarter to be reported have been positive since late November of 2025, reflecting implied growth rates of 70% and 67%, respectively. While we haven’t seen any major upward revisions in the new year so far, the stability here remains a big positive, reflecting continued bullishness overall, particularly following the release of many companies involved in the AI buildout over recent weeks. <img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2a/147305.jpg?v=287363592" oss-type="s3" oss-key="92e8c13485e75038" onerror="javascript: this.parentNode.style.display='none';"> Image Source: Zacks Investment Research Concerning the Data Center, which is what everybody really cares about, the Zacks Consensus Estimate for the quarter stands at $58.7 billion, reflecting an implied YoY growth rate of 65%. The growth here has been nearly unbelievable for the company, as shown in the chart below that illustrates NVIDIA’s Data Center sales on a quarterly basis, with the upcoming quarter's $58.7 billion estimate also blended in. <img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/15/147307.jpg?v=1792942845" oss-type="s3" oss-key="7d22177b142aa8b0" onerror="javascript: this.parentNode.style.display='none';"> Image Source: Zacks Investment Research <h2>META Remains Committed to AI</h2> It’s no secret that META continues to invest heavily in AI, as reflected in guidance for its full-year 2026. META forecasts total FY26 expenses in a band of $162 - $169 billion, of which the majority is allocated to infrastructure costs. Higher compensation for key talent to support the buildout is the second-biggest contributor to its FY26 expenses, underscoring how high a priority it remains for the company. Bottom Line It’ll be a long time before AI-related news tires investors out, with new partnerships and deals seemingly being announced every day at the moment. NVIDIA <a href="https://www.zacks.com/stock/quote/NVDA">NVDA</a> remains the go-to AI stock thanks to its established position at the forefront, with Meta Platforms <a href="https://www.zacks.com/stock/quote/META">META</a> remaining a massive spender. Keep in mind that NVIDIA remains a Zacks Rank #2 (Buy). <h2>#1 Semiconductor Stock to Buy (Not NVDA)</h2> The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.<a href="https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/6a57?adid=SYND_AINVEST_ZU_SEMICONDUCTORREPORTB_INVESTMENTIDEAS_02202026_2873115&cid=CS-AINVEST-FT-investment_ideas-2873115">See This Stock Now for Free >></a> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. <a href="https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_AINVEST_7BEST_INVESTMENTIDEAS_2873115&cid=CS-AINVEST-FT-investment_ideas-2873115">Click to get this free report</a> <a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&t=NVDA&ADID=SYND_AINVEST_TCK_INVESTMENTIDEAS_2873115_NVDA&cid=CS-AINVEST-FT-investment_ideas-2873115">NVIDIA Corporation (NVDA): Free Stock Analysis Report</a> <a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&t=META&ADID=SYND_AINVEST_TCK_INVESTMENTIDEAS_2873115_META&cid=CS-AINVEST-FT-investment_ideas-2873115">Meta Platforms, Inc. (META): Free Stock Analysis Report</a> <a href="https://www.zacks.com/commentary/2873115/nvidia-and-meta-the-ai-dream-team?cid=CS-AINVEST-FT-investment_ideas-2873115">This article originally published on Zacks Investment Research (zacks.com).</a> <a href="https://www.zacks.com/">Zacks Investment Research</a>

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NVIDIA and META: The AI Dream Team?

U.S. stocks closed higher Friday after a late-week rally, as investors weighed the longer-term implications of the Supreme Court’s decision striking down former President Donald Trump’s global tariffs.The Dow Jones Industrial Average rose 230.81 points, or 0.47%, to 49,626.0. The S&amp;P 500 gained 47.62 points, or 0.69%, to 6,909.51. The Nasdaq Composite advanced 203.34 points, or 0.90%, to 22,886.1, while the Russell 2000 was flat and edged up 0.03 points, or 0.01%, to 264.63.<video src="https://www.youtube.com/embed/1VJCKL9y2Wk" poster="https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/Tariffs_490f22711771621662040.jpg" data="{&quot;videoUrl&quot;:&quot;https://www.youtube.com/embed/1VJCKL9y2Wk&quot;,&quot;coverUrl&quot;:&quot;https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/Tariffs_490f22711771621662040.jpg&quot;}"></video>The advance in large-cap and technology shares contrasted with the flat performance in small caps, suggesting investors favored companies with broader international exposure and higher earnings sensitivity to input costs.The market reaction followed a 6–3 Supreme Court ruling that the International Emergency Economic Powers Act <a href="https://www.ainvest.com/news/supreme-court-strikes-trump-ieepa-tariffs-ignites-market-squeeze-opens-trade-front-2602/" target='__blank'>does not authorize</a> broad-based import taxes, concluding that such authority rests with Congress, according to Reuters. The decision leaves open questions about how previously collected duties will be handled, raising the possibility of refund claims and administrative challenges, Reuters reported.Eric Parnell, Chief Market Strategist at <a href="https://greatvalleyadvisors.com/" target='__blank'>Great Valley Advisor Group,</a> said the immediate market response was subdued but argued the longer-term implications are more constructive. “The market reaction initially after the announcement has been fairly muted, both for stocks and for bonds,” Mr. Parnell said in an interview with AInvest.He contended that <a href="https://www.ainvest.com/news/supreme-court-tariff-ruling-shapes-long-term-stock-outlook-2602/" target='__blank'>eliminating tariffs</a> should gradually ease inflation pressures and support corporate margins. The tariffs had been “leading to higher inflation pressures, putting pressure on corporate profit margins,” and “leading higher costs to consumers,” he said.Research from the Federal Reserve Bank of New York, published on its Liberty Street Economics blog, found that “nearly 90 percent of the tariffs’ economic burden fell on U.S. firms and consumers,” based on import data through November 2025. Mr. Parnell said Federal Reserve research indicates households absorbed the majority of the cost increases, even if price declines are unlikely to materialize quickly. Companies that have already raised prices may instead moderate future increases: “Maybe it’s just like, ‘okay, we’re going to slow the rate of price increases.’”The ruling also carries fiscal consequences. A Penn-Wharton Budget Model analysis cited by Reuters estimated that more than $175 billion in tariff revenue could be at risk. Mr. Parnell said the decision “opened up a hole anywhere between $175 billion to $300 billion in the fiscal budget,” potentially requiring additional borrowing and influencing short-term rates.Even so, he characterized the development as “a meaningful long-term positive” for equities, pointing to expectations for double-digit earnings growth in 2026 and 2027. “That is the mother’s milk for higher stock prices,” he said, adding that an economy that “has been growing well and has shown consistent growth,” combined with “persistently reasonable” inflation, supports a constructive backdrop.For now, Friday’s gains suggest investors are beginning to price in the prospect of wider margins and steadier long-term borrowing costs as tariff-related distortions fade.

us_low_importance

Bond

Stocks Rise as Supreme Court Tariff Ruling Boosts Long-Term Profit Outlook

<video src="https://www.youtube.com/embed/1VJCKL9y2Wk" poster="https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/Tariffs_8205c5c21771615526872.jpg" data="{&quot;videoUrl&quot;:&quot;https://www.youtube.com/embed/1VJCKL9y2Wk&quot;,&quot;coverUrl&quot;:&quot;https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/Tariffs_8205c5c21771615526872.jpg&quot;}"></video>Eric Parnell, <a href="https://greatvalleyadvisors.com/author/ericparnell/" target='__blank'>Chief Market Strategist</a> at Great Valley Advisor Group, said the Supreme Court’s decision to strike down President Trump’s global tariffs is likely to deliver a gradual boost to corporate profitability and economic growth—even as it complicates the federal government’s fiscal outlook.“The market reaction initially after the announcement has been fairly muted, both for stocks and for bonds,” Mr. Parnell said in an interview with AInvest. But he argued that the effects will build over time because the tariffs had been “leading to higher inflation pressures, putting pressure on corporate profit margins,” and “leading higher costs to consumers.”In a 6–3 decision, the <a href="https://www.reuters.com/legal/government/us-supreme-court-rejects-trumps-global-tariffs-2026-02-20/?utm_source=chatgpt.com" target='__blank'>Supreme Court ruled</a> that the International Emergency Economic Powers Act does not authorize broad-based import taxes, concluding that such authority rests with Congress.<a href="https://www.reuters.com/legal/government/us-supreme-court-rejects-trumps-global-tariffs-2026-02-20/?utm_source=chatgpt.com" target='__blank'></a> The ruling leaves unresolved how previously collected duties will be handled, raising the prospect of refund claims and administrative challenges.Read: <a href="https://www.ainvest.com/news/supreme-court-strikes-trump-ieepa-tariffs-ignites-market-squeeze-opens-trade-front-2602/" target='__blank'>Supreme Court Strikes Down Trump&#39;s Tariffs</a> A Penn-Wharton Budget Model analysis estimated that more than $175 billion in tariff revenue could be at risk. Mr. Parnell said the decision “opened up a hole anywhere between $175 billion to $300 billion in the fiscal budget,” which will have to be financed. He added that increased short-term borrowing could ripple through funding markets and inject volatility into bonds via higher short-term rates.<img data-json="{&quot;type&quot;:&quot;image&quot;,&quot;src&quot;:&quot;https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/Parnell_2df134ce1771613659344.jpg&quot;,&quot;alt&quot;:&quot;&quot;,&quot;children&quot;:[{&quot;text&quot;:&quot;&quot;}]}" src="https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/Parnell_2df134ce1771613659344.jpg" contentEditable="false" style="display: block; margin: 0 auto; maxWidth: 100%" />The ruling also renews debate over <a href="https://libertystreeteconomics.newyorkfed.org/tag/tariff-incidence/?utm_source=chatgpt.com" target='__blank'>who bore the cost</a> of the tariffs. Economists at the Federal Reserve Bank of New York wrote on the Liberty Street Economics blog that “nearly 90 percent of the tariffs’ economic burden fell on U.S. firms and consumers,” based on import data through November 2025. Mr. Parnell pointed to Federal Reserve research indicating consumers absorbed the majority of costs and said households have felt higher prices regardless of political debate.Even with tariffs eliminated, Mr. Parnell cautioned that consumers may not see immediate price declines. Companies that have already raised prices are unlikely to reverse them outright, he said, suggesting instead that firms may slow future increases: “Maybe it’s just like, ‘okay, we’re going to slow the rate of price increases.’”For equity investors, however, Mr. Parnell characterized the ruling as “a meaningful long-term positive...We&#39;re seeing profit forecasts for 2026 into 2027 with companies growing earnings at double digits. That is the mother’s milk for higher stock prices.” He pointed to an economy that “has been growing well and has shown consistent growth,” alongside “persistently reasonable” inflation readings. With tariffs removed from corporate cost structures, analysts are recalculating assumptions around cost of capital and profit margins. Wider margins and stronger earnings trajectories, Mr. Parnell said, “implies higher stock prices” over time.Meanwhile, Treasury markets have shown <a href="https://www.treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260212_3.pdf?utm_source=chatgpt.com" target='__blank'>steady demand</a> for long-term U.S. debt. The Treasury Department reported that its Feb. 12 auction of $25 billion in 30-year bonds drew a 2.66 bid-to-cover ratio at a high yield of 4.750%. Apollo Global Management Chief Economist Torsten Slok described the sale as attracting strong demand. Sustained appetite for long-dated Treasurys, Mr. Parnell said, supports financial stability and equity valuations by keeping long-term borrowing costs at reasonable levels.The decision lands days before President Trump’s State of the Union address, scheduled for Feb. 24. Asked what message the president should deliver, Mr. Parnell urged empathy on affordability concerns: “Don’t tell your electorate that things are more affordable. Empathize with the fact that they’re struggling with the affordability,” he said, arguing that the repeal provides “a tailwind” that could ease pricing pressures over time. He nonetheless expects the president to adopt a combative tone, predicting “some fighting words.”For investors, the longer-term calculus now centers on how quickly tariff relief flows through earnings statements and how the Treasury finances any revenue gap. If margin expansion materializes alongside stable long-term rates, Mr. Parnell’s assessment suggests the ruling could reinforce what he describes as a constructive backdrop for equities into 2026 and 2027.

How the Supreme Court’s Tariff Ruling Shapes Long-Term Stock Outlook 

<video src="https://www.youtube.com/embed/HZI2nC2fNlI" poster="https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/CandPEpisode22Rule_4d8447b31771605029075.jpeg" data="{&quot;videoUrl&quot;:&quot;https://www.youtube.com/embed/HZI2nC2fNlI&quot;,&quot;coverUrl&quot;:&quot;https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/CandPEpisode22Rule_4d8447b31771605029075.jpeg&quot;}"></video>In a landmark 6–3 decision, the <a href="https://www.scotusblog.com/2026/02/supreme-court-strikes-down-tariffs/" target='__blank'>Supreme Court struck down</a> the Trump administration’s sweeping tariffs imposed under the International Emergency Economic Powers Act (IEEPA), ruling that the statute “does not authorize the President to impose tariffs.” The decision was widely expected on legal grounds—but not necessarily on timing. That surprise element hit on options expiration day, when positioning had leaned defensively, and sparked an immediate squeeze higher in equities as bulls pressed their advantage.Futures popped within seconds of the headline. The S&amp;P 500 reversed earlier weakness and pushed to session highs, while the Nasdaq gained roughly 0.5%. Retail stocks—long viewed as among the most exposed to tariff-related cost pressures—led the charge. Amazon, which sources a large portion of goods from China, rallied sharply. Apparel makers, home improvement chains, and discount retailers joined the move. Industrial names like Caterpillar also clawed back early losses. The squeeze dynamic was amplified by positioning: many traders had braced for volatility into the ruling, and the absence of a worst-case outcome forced short-covering.But the celebration may prove premature. <a href="https://www.cnbc.com/2026/02/19/stock-market-today-live-updates.html" target='__blank'>Chief Justice John Roberts</a> , writing for the majority, made clear that the Constitution vests tariff authority squarely with Congress. The Court held that IEEPA’s language allowing the president to “regulate … importation” cannot be stretched to include taxation powers. Tariffs, the majority emphasized, are not routine regulatory tools but a core legislative function. The decision leaned heavily on the “major questions” doctrine, requiring clear congressional authorization for actions of vast economic significance. “IEEPA contains no reference to tariffs or duties,” Roberts wrote, adding that no prior president had interpreted it to confer such power. <a href="https://www.cnbc.com/2026/02/20/supreme-court-trump-tariffs-ruling.html" target='__blank'>The dissent</a> , authored by Justice Brett Kavanaugh and joined by Justices Clarence Thomas and Samuel Alito, took a broader view of executive authority. Kavanaugh argued that tariffs are a traditional means of regulating imports and suggested that the ruling may not meaningfully constrain the White House, given alternative statutory pathways. However, he warned that the immediate fallout—particularly the question of refunds—could be substantial and “a mess.”That refund issue now looms large. The Court was silent on whether importers who paid IEEPA-based tariffs—estimated at over $200 billion—must be reimbursed. If refunds are ordered, the process could unfold company by company, product by product, and potentially through years of litigation. Many importers have already passed on higher costs to consumers. Untangling who ultimately bears those costs will not be simple. The uncertainty alone could weigh on corporate planning and federal revenue assumptions.Bond markets were less enthusiastic than equities. Yields moved higher following the ruling, reflecting a reassessment of tariff-related revenue flows. Tariffs had been viewed by some fixed-income investors as a quasi-fiscal tightening mechanism—generating revenue and potentially tempering demand. Removing that stream, even temporarily, shifts fiscal math. Investors will be watching closely whether higher yields persist, particularly as growth data remain mixed and inflation sticky.The White House is unlikely to sit idle. As Kavanaugh noted, multiple alternative statutory avenues remain available. Section 122 of the Trade Act allows the president to impose temporary tariffs to address balance-of-payments concerns. Section 232 permits tariffs on national security grounds—a tool previously used for steel and aluminum. Section 301 enables tariffs in response to unfair trade practices, particularly involving China. In short, while IEEPA-based tariffs are off the table, the broader tariff strategy is not necessarily dismantled. The administration could pivot quickly, though each mechanism carries procedural and legal constraints.That reality tempers the “all clear” narrative. Markets may have squeezed on the headline, but the underlying trade story remains unresolved. If tariffs reemerge under Section 232 or 301, the economic effects could look similar, albeit on a narrower legal footing. Moreover, the Court’s reliance on the major questions doctrine signals a broader judicial skepticism toward expansive executive power in economic policy—a theme that could resurface in future cases.In terms of winners and losers, retailers and consumer discretionary names appear immediate beneficiaries, given reduced near-term cost pressure. Import-heavy e-commerce and apparel firms also stand to gain. Conversely, domestic producers shielded by tariffs may face renewed competition. Alternative asset managers tied to private credit—already under scrutiny this week—did not find much relief, as broader macro concerns persist.The broader market reaction, while positive, was measured. The Dow rose modestly, the S&amp;P 500 added roughly 0.3%, and the Nasdaq extended gains. That restraint reflects two realities: first, the ruling was not a total surprise; second, investors recognize that tariff policy is far from settled.The Supreme Court delivered a significant constitutional rebuke, reinforcing congressional primacy over taxation. Yet in practical terms, this may represent an intermediate chapter rather than the end of the trade saga. Refund litigation could drag on for years. Replacement tariffs could surface under different statutes. And fiscal implications remain fluid.For now, traders squeezed higher on relief. But as yields tick up and legal maneuvering begins anew, markets may soon shift from celebration to recalibration.

Futures

New Retail

Amazon.com

Supreme Court Strikes Down Trump’s IEEPA Tariffs, Ignites Market Squeeze—and Opens New Trade Front

<video src="https://www.youtube.com/embed/HZI2nC2fNlI" poster="https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/CandPEpisode22Rule_95ac19461771602724723.jpeg" data="{&quot;videoUrl&quot;:&quot;https://www.youtube.com/embed/HZI2nC2fNlI&quot;,&quot;coverUrl&quot;:&quot;https://cdn.ainvest.com/articles/focusnews/coverimage/content/pictures/CandPEpisode22Rule_95ac19461771602724723.jpeg&quot;}"></video>Markets initially cheered the Supreme Court’s decision striking down the IEEPA tariffs, sending equities higher on hopes that a significant trade overhang may soon be lifted. The ruling helped push rate-cut expectations further out, with futures now centering more squarely on July and even October for the next potential move. But once the initial pop fades, investors will need to grapple with a more complicated reality: today’s economic data painted a picture of slower growth and stubborn inflation — not exactly the backdrop for a clean, policy-driven rally.The advance estimate of <a href="https://www.bea.gov/news/2026/gdp-advance-estimate-4th-quarter-and-year-2025" target='__blank'>fourth-quarter GDP</a> showed the U.S. economy expanding at just a 1.4% annualized pace, well below expectations near 3% and sharply down from 4.4% in Q3. Final sales rose just 1.2%, also missing estimates. On the surface, it was a clear disappointment. However, context matters. A large portion of the weakness stemmed from the record-length government shutdown, which the Commerce Department estimated shaved roughly one percentage point off growth. Federal government spending plunged 16.6% in the quarter, contributing to a broader 5.1% drop in overall government outlays.Strip out some of that noise, and the picture looks somewhat firmer. Final sales to private domestic purchasers rose 2.4%, and gross private domestic investment climbed 3.8% after being flat in Q3. Consumer spending still increased 2.4%, albeit down from 3.5% previously, while exports retrenched after a strong prior quarter. Several economists argue the shutdown distortion makes Q4 feel dated and potentially understates early-2026 momentum. That said, growth clearly cooled.Inflation, meanwhile, did not cooperate. <a href="https://www.bea.gov/news/2026/personal-income-and-outlays-december-2025" target='__blank'>December PCE</a> came in hotter than expected across the board. Headline and core both rose 0.4% month-over-month versus 0.3% forecasts. On a year-over-year basis, headline PCE accelerated to 2.9% and core to 3.0%. The GDP deflator also surprised to the upside at 3.7%. The key takeaway: price pressures remain broad-based. Goods prices rose 0.4% in December, but services — the category the Fed watches most closely — continued to climb 0.3%. Inflation may not be accelerating out of control, but it has clearly stalled above the Fed’s 2% target.However, even this inflation data carries a “rearview mirror” quality. December readings predate some of the more recent moderation in housing and certain consumer categories. The <a href="https://www.sca.isr.umich.edu/" target='__blank'>University of Michigan&#39;s</a> final February survey offered a more nuanced update. Consumer sentiment edged down to 56.6, below expectations, with current conditions softening. But the inflation expectations component improved meaningfully. One-year expectations fell to 3.4% from 4.0% in January, and five-year expectations held steady at 3.3%. That decline in short-term expectations may ease some pressure on policymakers, particularly if sustained.The <a href="https://www.pmi.spglobal.com/Public/Home/PressRelease/de7251a734954460986e49e0ab041b2f" target='__blank'>February flash PMI</a> data adds another layer of complexity. The S&amp;P Global Composite PMI slipped to 52.3, a 10-month low, signaling the slowest expansion in nearly a year. Manufacturing fell to 51.2, and services also cooled. Chris Williamson of S&amp;P Global noted that weakened demand, high prices, and adverse weather all contributed to the slowdown. Notably, companies reported falling export orders and only marginal employment growth.But perhaps the most important connection to the PCE data lies in pricing commentary. The PMI survey showed input costs rising sharply again, with tariffs and wage pressures cited as major drivers. Selling prices increased at the fastest pace since last August, particularly in services, where inflation hit a seven-month high. That aligns with December’s PCE strength in services inflation and suggests price pressures have not yet meaningfully rolled over.In short, while GDP disappointed, inflation remains sticky enough to complicate the Fed’s path.At the same time, the PMI data hinted that some of February’s softness could prove temporary. Severe weather disruptions weighed on output, and business expectations for the year ahead jumped to a 13-month high. Firms cited hopes for improved conditions, potential tax incentives, and lower interest rates. Whether that optimism proves justified will depend heavily on inflation’s trajectory and the policy response.The bond market has reacted by pushing rate-cut expectations further into the back half of the year. Following the data and the tariff ruling, traders have repriced the first likely cut toward July or even October. The hotter PCE reading makes it difficult to argue for near-term easing, especially after the Fed’s January minutes signaled a higher bar for additional cuts. Policymakers emphasized they need “clear and convincing” evidence inflation is moving sustainably lower — something today’s data does not yet provide.For equities, the SCOTUS ruling removes one source of uncertainty, but it doesn’t resolve the macro crosscurrents. Growth is slowing, inflation is sticky, and business surveys show rising price pressures even as demand softens. That combination — slower activity with persistent inflation — is rarely a clean setup.The market may celebrate the legal win on tariffs in the short term. But as investors parse the economic details, the focus will likely shift back to the delicate balance between cooling growth and stubborn prices — and what that means for the Fed’s increasingly patient stance.

politics

Tariff Adjustments

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Policy

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Markets Cheer Tariff Win—But Weak GDP and Sticky Inflation Could Spoil the Party

CIA whistleblower John Kiriakou says a White House source told him that President Trump has decided to engage Iran on Monday or Tuesday

Trump says Netflix will "pay the consequences" if Board member Susan Rice isn't fired

As skepticism about artificial intelligence mounts, Wall Street is increasingly concerned that NVIDIA’s earnings report this week will weigh down the shares no matter what the results say.

US Senator Lindsey Graham: Urging President Donald Trump to move forward with military action against Iran, warning against advisers counseling restraint as the White House weighs its options

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