Stocks closed green, shrugging off tariff turmoil.

"Give us a protective tariff and we will have the industries of the world." ✍️☮️ — Abraham Lincoln  SUMMARY ✅ U.S. stocks rebounded on Friday from early losses after the Supreme Court of the United States ruled 6–3 that President Donald Trump exceeded his authority in using a federal emergency-powers statute to impose broad global tariffs. ✅ President Donald Trump announced a tariff increase to 15% just one day after the Supreme Court of the United States struck down a key part of his trade policy, setting up fresh legal, political, and market uncertainty. ✅ After the Supreme Court invalidated sweeping tariffs, businesses now face a potentially lengthy legal battle to recover billions in paid duties, with refunds likely to be decided by the United States Court of International Trade. ✅ JPMorgan Chase confirmed in a court filing that it closed accounts tied to President Donald Trump following the Jan. 6 attack, intensifying the legal and political fight over alleged “debanking.” ✅ Grey's Anatomy star Eric Dane passed away less than a year after publicly revealing his ALS diagnosis, during which he became an advocate for awareness and research into the progressive neurodegenerative disease. ✅ Dragonfly Capital closed a $650 million fund to back early-stage blockchain startups, signaling continued long-term conviction in the sector despite a broader downturn in digital asset markets. MARKET SNAPSHOT ↗ Dow                            49,625.97                      + 0.47% ↗ Nasdaq                       22,866.07                      + 0.90% ↗ S&P                              6,909.51                      + 0.69%  ECONOMICS Trump to Raise Global Tariffs to 15% Effective Immediately Image courtesy of www.cato.org President Donald Trump announced Saturday that he will increase global tariffs to 15% from 10%, just one day after the Supreme Court of the United States invalidated a broad portion of his trade agenda. In a post on Truth Social, Trump said the higher tariff rate would take effect “immediately” and signaled that further trade actions could follow in the coming months. “I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff … to the fully allowed, and legally tested, 15% level,” Trump wrote, adding that his administration would soon determine and implement additional legally permissible tariffs. Despite the president’s assertion that the increase is effective without delay, it remains unclear whether formal documentation has been finalized outlining the exact timing. A White House fact sheet issued Friday indicated the original 10% tariffs were set to take effect Tuesday, Feb. 24, at 12:01 a.m. ET. The White House did not immediately respond to requests for clarification. The announcement follows Friday’s 6–3 Supreme Court ruling that Trump improperly relied on the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs. The decision marked a significant setback for a central pillar of the administration’s economic policy. Within hours of the ruling, Trump moved to reimpose a 10% global tariff under Section 122 of the Trade Act of 1974, which allows temporary levies of up to 150 days unless extended by Congress. Trump sharply criticized the Court’s decision, calling it “ridiculous, poorly written, and extraordinarily anti-American.” He also took aim at Justices Neil Gorsuch and Amy Coney Barrett, who joined the majority. Reaction on Capitol Hill was split. Congressional Democrats praised the ruling, with Senate Minority Leader Chuck Schumer calling the tariffs “chaotic and illegal.” Many Republicans criticized the Court, while others emphasized that Congress holds constitutional authority over trade policy. Tariffs and the broader economy are expected to feature prominently in campaigns ahead of November’s midterm elections. Financial markets reacted with volatility Friday, initially rallying after the ruling before pulling back and later recovering. Some investors believe the decision could ease trade tensions, lower inflation pressures, and potentially result in significant refunds to importers. The scope of potential repayments remains uncertain. Estimates suggest the federal government could owe more than $175 billion in tariff refunds following the Court’s decision. TRENDING Companies Prepare for A Complicated Tariff Refund Process Image courtesy of www.nacha.org A landmark ruling by the Supreme Court of the United States on Friday struck down President Donald Trump’s sweeping tariffs but left unresolved a critical question for businesses: Will companies that already paid those duties receive refunds? The Court’s majority opinion did not address the issue directly, and Trump signaled little appetite for returning the funds. “I guess it has to get litigated for the next two years,” the president said when asked whether he would honor refund claims. Trade attorney Erik Smithweiss of GDLSK said it would have been straightforward for the administration to commit to reimbursing taxpayers for unlawfully collected tariffs. Instead, he noted, businesses may now have to pursue lengthy legal action to recover billions of dollars. The path forward appears uncertain and likely headed back to lower courts, particularly the United States Court of International Trade, which previously ruled in 2025 that Trump’s blanket tariffs were illegal — a decision the Supreme Court upheld. The financial stakes are substantial. The Penn Wharton Budget Model estimates that reversing the tariffs could result in as much as $175 billion in refunds. It also warned that, unless replaced by other measures, future tariff revenues could be cut roughly in half. Trump moved quickly after the ruling, signing an executive order late Friday imposing a new 10% global tariff under Section 122 of the Trade Act of 1974. By Saturday, he announced he would raise that rate to 15%, calling it the “fully allowed, and legally tested” level. A Refund Opportunity — But Not a Simple One Ted Murphy, an international trade attorney at Sidley Austin, told clients the decision likely creates a refund opportunity for importers — but cautioned that the process will be far from straightforward. “We are willing to bet it will not be automatic or immediate,” he said, adding that businesses are awaiting guidance from U.S. Customs and Border Protection on how to proceed. That timeline remains unclear, particularly as parts of the federal government face operational disruptions. Lee Smith of Baker Donelson expects the Court of International Trade to play a central role in determining how refunds are handled. He said importers will likely need to take affirmative legal steps to recover funds. Others are more skeptical. Terry Haines of Pangaea Policy warned clients not to expect quick reimbursements, saying those anticipating near-term rebates “are dreaming.” More Litigation and Paperwork Likely Policy analysts say the administration has multiple procedural tools it could use to slow or complicate refund efforts, potentially increasing costs for companies seeking repayment. Scott Lincicome of the Cato Institute said a smooth refund process is theoretically possible but unlikely. “It appears more likely that more litigation and paperwork will be required,” he said. One technical factor involves the “liquidation” process — the final calculation of duties owed on imported goods. Some companies have already filed preemptive lawsuits, concerned that once liquidation is finalized, it could give the administration greater leverage to resist refund claims. For now, businesses are bracing for a prolonged and complex legal battle, with billions of dollars potentially at stake and no clear timeline for resolution. GOVERNMENT JPMorgan Acknowledges Closing Trump Accounts After Jan. 6 Image courtesy of www.theforage.com/ JPMorgan Chase has acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses following the Jan. 6, 2021, attack on the U.S. Capitol. The disclosure came in a recent court filing tied to Trump’s $5 billion lawsuit against the bank and its CEO, Jamie Dimon, marking a significant development in the broader debate over so-called “debanking.” In the filing, JPMorgan’s former chief administrative officer stated that in February 2021 the bank notified Trump and affiliated entities that certain accounts within its private and commercial banking divisions would be closed. Until now, JPMorgan had not publicly confirmed that it terminated the president’s accounts, previously speaking only in general terms about account closures and related policies. Trump initially filed suit in Florida state court, alleging the accounts were shut for political reasons, harming his business operations. JPMorgan is seeking to move the case to New York, where the accounts were held and where much of Trump’s business activity was previously based. The lawsuit accuses the bank of trade libel and alleges that Dimon violated Florida’s Unfair and Deceptive Trade Practices Act. Trump claims he personally raised the issue with Dimon after learning of the closures and was assured the matter would be reviewed, but that no follow-up occurred. His legal team further alleges that JPMorgan placed Trump and his companies on a reputational “blacklist” that limited their ability to obtain banking services elsewhere. The bank has said it believes the claims are without merit. “Debanking” refers to the practice of closing customer accounts or declining to provide financial services. Once a niche banking issue, it has become politically contentious in recent years, particularly among conservatives who argue they have been denied services based on ideological grounds. In a statement, Trump’s attorneys characterized the bank’s court filing as a significant concession, asserting that it supports their claim that the president and his businesses were intentionally and unlawfully debanked. The issue first gained national prominence during the Obama administration’s “Operation Choke Point,” when some conservatives alleged that regulators pressured banks to limit services to certain industries, including gun retailers and payday lenders. Since returning to office, Trump’s administration has taken steps aimed at preventing banks from citing “reputational risk” as a justification for denying services. This is not Trump’s only legal dispute involving alleged debanking. In 2025, the Trump Organization filed a separate lawsuit against Capital One raising similar claims. That case remains ongoing. ENTERTAINMENT Eric Dane Dies At 53 After Courageous Battle With ALS Image courtesy of Bob D'Amico/Disney General Entertainment Content via Getty Grey's Anatomy actor Eric Dane has died at 53, less than a year after publicly sharing his diagnosis of amyotrophic lateral sclerosis (ALS). In a statement, his family said that throughout his illness, Dane became a strong advocate for ALS awareness and research, determined to help others facing the disease. He first revealed his diagnosis in April 2025, expressing gratitude for the support of his family and asking for privacy as they adjusted to what he called the “next chapter.” At the time, he said he felt fortunate to still be working and later returned to the set of Euphoria just weeks after going public. Dane initially attributed weakness in his right hand to “texting too much,” but the symptom ultimately led to his ALS diagnosis. In later interviews, he shared that he had lost function on his right side and had been told he could lose function on his left side within months. ALS, also known as Lou Gehrig’s disease, is a progressive neurodegenerative disorder that affects nerve cells in the brain and spinal cord. These motor neurons control voluntary muscle movement. As the disease advances, patients lose the ability to initiate and control muscle movement, leading to muscle weakness and eventual atrophy — including muscles required for breathing. What are the symptoms? Symptoms vary depending on which nerve cells are affected, but ALS typically begins with muscle weakness that worsens over time. Early signs can include: Weakness in the hands, legs, feet or ankles Difficulty walking or performing everyday tasks Muscle cramps or twitching in the arms, shoulders or tongue Slurred speech Trouble swallowing As the disease progresses, some people experience changes in thinking or behavior. Ultimately, most deaths occur from respiratory failure. Disease progression differs widely. Many people with ALS live three to five years after symptoms begin, though some survive longer. According to medical experts, roughly 30% live at least five years after symptom onset, and about 13% survive 10 years or more. CRYPTOCURRENCY Dragonfly Capital Raises $650M for Fourth Crypto Fund Amid Market Downturn Image courtesy of DADO RUVIC/REUTERS Crypto venture capital firm Dragonfly Capital has raised $650 million for its fourth investment fund, marking one of the larger capital commitments in the sector despite an ongoing downturn in digital asset markets. The new fund follows Dragonfly’s $500 million third fund, which backed startups including Polymarket, Rain, and Ethena. The $650 million vehicle is expected to continue targeting early-stage crypto and blockchain startups at a time when venture activity across the industry has slowed, token prices have fallen, and fundraising conditions have become more challenging, according to Fortune. Commenting on the raise, co-founder Haseeb Qureshi said the firm’s willingness to speak candidly has helped differentiate it in a crowded market. “We talk out loud and we say what we think,” Qureshi said. “In a space that is just completely flooded with hype and self-promotion, that’s been a superpower for us.” Dragonfly’s portfolio has included Layer 1 blockchain networks such as Avalanche, financial services firms like Amber Group, and a range of other digital asset projects. The firm has continued investing through several major industry disruptions, including the collapse of the Terra Luna ecosystem, the bankruptcy of FTX, and regulatory crackdowns that prompted a retreat from China. 📉 ON THE MOVE AND NOTABLES 📈 ✔️ Equities closed higher, while bond prices and the U.S. dollar weakened. ✔️ The Supreme Court decision leaves open the question of whether up to $170 billion in previously collected duties must be refunded, sending the matter back to a lower court and likely setting up a prolonged legal process. ✔️ President Trump announced a new five-month, 10% global tariff under Section 122 of the Trade Act, and officials are preparing investigations that could enable tariffs under Sections 301 or 232. ✔️ The oil market is in the middle of its strongest start to a year since 2022 as supply shocks and sanctions confound expectations of a glut. Oil prices have risen to a six-month high. ✔️ Fourth-quarter U.S. GDP growth slowed more than expected to an annualized 1.4%, below the 2.8% consensus estimate, with government spending a notable drag amid the longest shutdown in history—an effect that should reverse in the current quarter. For 2025, GDP still rose a solid 2.2%, and expectations call for a modest acceleration this year. ✔️ Grail (GRAL) plunged after announcing that its multi-cancer screening test, Galleri, failed to demonstrate a statistically significant reduction in late-stage (Stage 3 and 4) cancers in a large clinical trial, according to Barron’s. ✔️ Akamai Technologies (AKAM) fell after the cybersecurity and cloud-services provider reported a quarterly profit decline despite posting higher revenue. ✔️ Opendoor Technologies (OPEN) surged after the online homebuying platform delivered quarterly revenue that exceeded Wall Street expectations. ✔️ AppLovin (APP) gained following a Bloomberg report that the company plans to launch its own social media platform after its bid to acquire TikTok was unsuccessful. ✔️ Swedish "buy now, pay later" services provider and online bank Klarna (KLAR) reported a 38% year-on-year jump in ‌fourth-quarter sales on Thursday, just beating expectations, as it added ‌more banking customers and grew in the United States. ✔️ Super Micro Computer (SMCI) advanced 8% Thursday in what appeared to be a technically driven rebound, with no significant company-specific news behind the move. ✔️ Farm-machinery maker Deere & Co (DE) raised its annual profit forecast on Thursday citing a rebound in its construction and small ‌agriculture businesses and cost cuts that mitigated weak equipment demand, sending ‌its shares up 4.7% before the bell. ✔️ Deckers Outdoor (DECK) rose after an Argus analyst upgraded the stock to Buy from Hold, citing recently raised management guidance. ✔️ Live Nation (LYV) stock rose after the ticket provider posted an 11% increase in fourth quarter revenue to $6.31 billion, driven by a 12% gain in concert sales. 💲What to Watch This Week💲 🟢 Economic: Monday (Feb. 23): Factory Orders, Fed Governor Christopher Waller speaks Tuesday (Feb. 24): Consumer Confidence, Chicago Fed President Austan Goolsbee, Atlanta Fed President Raphael Bostic, and Fed Governor Lisa Cook all speak, Wholesale Inventories, S&P Case-Shiller Home Price Index, President Trump’s State of the Union Address (9:00 p.m. ET) Wednesday (Feb. 25): Richmond Fed President Tom Barkin speaks, EIA Crude Oil Inventories Thursday (Feb. 26): Continuing Claims, EIA Natural Gas Inventories, Initial Claims Friday (Feb. 27): Construction Spending, Producer Price Index (PPI) 🟢 Earnings: Monday (Feb. 23): BWX Technologies Inc. (BWXT), Diamondback Energy Inc. (FANG), Dominion Energy Inc. (D), Domino's Pizza Inc. (DPZ), Keysight Technologies Inc. (KEYS), ONEOK Inc. (OKE), Woodside Energy Group Ltd. (WDS) Tuesday (Feb. 24): Alibaba Group Holding Ltd. (BABA), American Tower Corporation (AMT), Axon Enterprises Inc. (AXON), Constellation Energy Corp. (CEG), EOG Resources Inc. (EOG), Home Depot Inc. (HD), MercadoLibre Inc. (MELI), NRG Energy Inc. (NRG), Realty Income Corp. (O), Workday Inc. (WDAY) Wednesday (Feb. 25): Bank of Montreal (BMO), Diageo PLC (DEO), HEICO Corp. (HEI), HSBC Holdings PLC (HSBC), Lowe's Companies Inc. (LOW), NVIDIA Corp. (NVDA), Nu Holdings Ltd. (NU), Salesforce Inc. (CRM), Snowflake Inc. (SNOW), Synopsys Inc. (SNPS), TJX Companies Inc. (TJX) Thursday (Feb. 26): Argenx SE (ARGX), Autodesk Inc. (ADSK), Baidu Inc. (BIDU), Cheniere Energy Inc. (LNG), CoreWeave Inc. (CRWV), Dell Technologies Inc. (DELL), Intuit Inc. (INTU), Monster Beverage Corp. (MNST), Royal Bank of Canada (RY), Sempra (SRE), Toronto-Dominion Bank (TD), Vistra Corp. (VST) Friday (Feb. 27): BrightSpring Health Services (BTSG), Chart Industries Inc. (GTLS), Enel Chile S.A. (ENIC), Frontline PLC (FRO), Pearson PLC (PSO), Sociedad Quimica y Minera de Chile S.A. (SQM), TXNM Energy Inc. (TXNM) Watch Our Latest Weekly Video On Youtube Or Spotify "Inflantion, Iran & AI" Disclaimer: We are engaged in the business of advertising and promoting companies. All content on our website is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Neither the owner of Bullish Bear nor any of its members, officers, directors, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, investment advisers, analyst or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed on Bullish Bear. It is possible that a viewer's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed on this website unless you can afford to lose your entire investment. Also, investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. Bullish Bear makes no recommendation that the securities of the companies profiled or discussed on this website should be purchased, sold or held by viewers that learn of the profiled companies through our website.  Some of the content on this website contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which may be beyond a company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. It is hereby noted that forward-looking statements contained herein may include everything other than historical information, involve risk and uncertainties that may affect a company's actual results of operation. A company's actual performance could greatly differ from those described in any forward-looking statements or announcements mentioned on this website or the websites contained within. Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company's products; the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the company's filings with the Securities and Exchange Commission. However, a company's past performance does not guarantee future results.  Generally, the information regarding a company profiled or discussed on this website is provided from public sources bullishbear.com makes no representations, warranties or guarantees as to the accuracy or completeness of the information provided or discussed. Viewers should not rely solely on the information obtained through our website or in communications originating from our website. Viewers should use the information provided by us regarding the profiled companies as a starting point for additional independent research on the companies profiled or discussed in order to allow the viewer to form his or her own opinion regarding investing in the securities of such companies. Factual statements, or the similar, made by the profiled companies are made as of the date stated and are subject to change without notice and Bullish Bear has no obligation to update any of the information provided. Bullish Bear, its owners, officers, directors, contractors and employees are not responsible for errors and omissions.  From time to time certain content on this website is written and published by our employees or third parties. In addition to information about our profiled companies, from time to time, our website will contain the symbols of companies and/or news feeds about companies that are not being profiled by us but are merely illustrative of certain activity in the micro cap or penny stock market that we are highlighting. Viewers are advised that all analysis reports and news feeds are issued solely for informational purposes. Any opinions expressed are subject to change without notice. It is also possible that one or more of the companies discussed or profiled on this website may not have approved certain or any statements within the website. Bullish Bear encourages viewers to supplement the information obtained from this website with independent research and other professional advice. The content on this website is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Third Party Web Sites and Other Information This website may provide hyperlinks to third party websites or access to third party content. Bullish Bear, its owners, officers, directors, contractors and employees are not responsible for errors and omissions nor does Bullish Bear control, endorse, or guarantee any content found in such sites. Bullish Bear does not control, endorse, or guarantee content found in such sites. By accessing, viewing, or using the website or communications originating from the website, you agree that Bullish Bear, its owners, officers, directors, contractors and employees, are not responsible for any content, associated links, resources, or services associated with a third party website. You further agree that Bullish Bear, its owners, officers, directors, contractors and employees shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only. Bullish Bear uses third parties to disseminate information to subscribers. Although we take precautions to prevent others from obtaining our subscriber list, there is a risk that our subscriber list, through no wrong doing on our part, could end up in the hands of an unauthorized party and that subscribers will receive communications from unauthorized third parties. We encourage viewers to invest carefully and read the investor issuer information available at the web sites of the United States Securities and Exchange Commission (SEC). The SEC has launched an investor-focused website to help you invest wisely and avoid fraud at www.investor.gov and filings made by public companies can be viewed at www.sec.gov and/or the Financial Industry Regulatory Authority (FINRA) at: www.finra.org. In addition, FINRA has published information at its website on how to invest carefully at www.finra.org/Investors/index.htm.                                                                                                                                                                                  Manage your preferences | Opt Out using TrueRemove™ Got this as a forward? Sign up to receive our future emails. View this email online. 502 E Atlantic Ave 232 | Delray Beach, None 33483 US This email was sent to punjabsvera@gmail.com. To continue receiving our emails, add us to your address book.