President Trump unveiled a new plan to implement global tariffs, expressing strong disapproval of the Supreme Court's decision that largely struck down his previous levies. He announced an immediate 10% global tariff under Section 122 of the Trade Act of 1974, asserting this alternative could generate more revenue. Trump also plans to initiate investigations under Section 301, signaling his intent to continue using tariffs as a key economic tool. Despite the court's ruling being a major blow to his second-term economic agenda, Trump remains defiant, vowing that foreign countries will not be "dancing for long."

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The Supreme Court's 6-3 decision, which deemed many of President Trump's tariffs illegal, significantly impacts his foreign policy approach, which heavily relied on tariffs as a coercive tool. Experts suggest this ruling effectively neutralizes tariffs as a geoeconomic weapon, limiting their use to address unfair trade practices rather than broader diplomatic issues. While Trump announced alternative legal rationales under the Trade Act of 1974, these laws offer less leeway and have time limits or require congressional approval. The administration may now need to reconsider its stance on sanctions, a tool Trump previously disliked.

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Phil Spencer, Microsoft's long-serving head of gaming, has retired after 38 years with the company, including 12 years leading the Xbox division. His departure follows a period of declining gaming revenue and studio closures, despite the significant acquisition of Activision Blizzard. Asha Sharma, previously from Instacart and Microsoft's Core AI business, will take over as CEO of gaming, reporting directly to Satya Nadella. Sharma has committed to renewing focus on core Xbox fans, players, and developers, emphasizing human artistry in games amidst evolving monetization and AI.

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Health and Human Services Secretary Robert F. Kennedy Jr. has defended President Trump's executive order to protect glyphosate, a pesticide precursor, despite his earlier public statements linking it to a "chronic disease epidemic." Two years prior, Kennedy, while running for president, had pledged to ban the practice of using glyphosate as a desiccant on wheat. Now, he cites national defense imperatives and safeguarding America's food supply as reasons for supporting the directive. This policy reversal has drawn criticism from some of his former supporters.

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American freeski halfpipe athlete Alex Ferreira clinched a gold medal at the Milan Cortina Winter Games, completing his set of Olympic medals after previous silver and bronze wins. This victory marked Team USA's tenth gold medal of the Games, equaling the nation's all-time record for gold medals at a Winter Olympics, previously set in 2002. Ferreira joins other U.S. gold medalists, contributing to the country's second-place standing in the overall medal count, behind Norway. This achievement highlights a strong performance for the U.S. team.

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The retail industry has expressed cautious optimism following the Supreme Court's decision to strike down some of President Trump's global tariffs, anticipating greater predictability and reduced import costs. The National Retail Federation hailed the ruling as a step towards clearer trade policy and economic growth. However, uncertainty persists regarding potential refunds for previously paid tariffs and the impact of new tariffs Trump announced under different legal authorities. Retailers are now urging for a seamless refund process and a more surgical approach to future trade duties. (not investment advice)

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A frozen food manufacturer, Ajinomoto Foods North America, has issued a recall for approximately 3.4 million pounds of chicken fried rice products distributed to Trader Joe's and Canadian retailers. The recall was initiated after four customers reported finding glass in the "not ready-to-eat" items. The USDA's Food Safety and Inspection Service (FSIS) reported no injuries have been linked to the contaminated products, but consumers are advised to discard any recalled items to ensure safety and prevent potential harm. This incident underscores the importance of stringent quality control in food manufacturing.

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Shares of RingCentral and Five9 surged on Friday after their latest earnings reports assuaged investor concerns that artificial intelligence advancements would negatively impact their business models. Both software companies, which specialize in customer service solutions, reported that accelerating AI adoption is actually boosting demand. RingCentral noted a doubling of annual recurring revenue from AI tools, while Five9's enterprise AI bookings also significantly increased. This suggests that for these firms, AI is a tailwind, not a threat, to their existing services, defying a broader software sector sell-off. (not investment advice)

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Authorities in Nevada are conducting a "counter terrorism incident" investigation after a man reportedly attempted to ram a vehicle into a power substation near Boulder City. Law enforcement officials indicate the individual traveled from New York with intentions to cause widespread disruption. The Las Vegas Metro Police, Boulder City Police, and the FBI are collaborating on the investigation. Further details are expected to be released at a press conference, as the situation remains under active development, highlighting concerns about critical infrastructure security.

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Team GB freestyle skier Gus Kenworthy revealed he received death threats after posting a critical message about the U.S. Immigration and Customs Enforcement (ICE) organization. The athlete, who finished sixth in the halfpipe final, stated he took the threats "with a grain of salt" and believes he is "on the right side." Kenworthy, who previously retired and then self-funded his return to the sport, emphasized his commitment to his beliefs despite the backlash. His comments highlight the intersection of sports and political expression, sparking public debate.

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Amid escalating U.S. pressure and threats of military action, an article provides an overview of Iran's nuclear program, which has seen a rapid increase in highly enriched uranium stockpiles. Estimates suggest Iran could produce weapons-grade uranium in less than a week if it chose to, though U.S. intelligence indicates no restart of a nuclear weapons program since 2003. Iran maintains its program is peaceful, despite enriching uranium far beyond non-military needs. The article also reviews the impact of previous U.S. strikes and the history of international efforts to curb Iran's nuclear ambitions.

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Las Vegas police are investigating a potential terrorism attack in Boulder City, where a car attempted to crash into a power substation. Sheriff Kevin McMahill confirmed it appears to be a "credible counterterrorism threat," with the sole occupant of the car reportedly dying in the crash. The FBI is involved due to the driver traveling across state lines, indicating a broader scope to the incident. This incident follows other homeland security concerns in the region, prompting an ongoing investigation into the motivations and circumstances behind the attempted attack.

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The Supreme Court's decision to strike down many of President Trump's tariffs, imposed under the International Emergency Economic Powers Act (IEEPA), is seen as a significant check on arbitrary presidential authority. The ruling, delivered by a fractured conservative majority, affirmed that Congress, not the President, holds the exclusive power to impose tariffs. While Trump can pursue alternative tariff authorities, these are more cumbersome and legally vulnerable. The article highlights the Court's role in enforcing separation of powers, dispelling notions of it being a mere "rubber stamp" for the executive branch.

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Apple stands to see a reduction in its substantial tariff bill, which previously amounted to about $1 billion per quarter, following the Supreme Court's ruling against President Trump's broad tariff agenda. The decision, which struck down China-made goods tariffs at a 47% rate, could lower Apple's production costs and ease pressure to relocate manufacturing from China. While the U.S. government may owe billions in refunds to importers, including Apple, Trump has indicated potential multi-year litigation over repayments. This ruling could significantly impact Apple's supply chain strategy and profitability. (not investment advice)

65/100

Ukraine's Elina Svitolina advanced to the Dubai Tennis Championships final after an epic three-hour, three-minute victory over American world number four Coco Gauff. Svitolina secured the win with a 6-4, 6-7 (13-15), 6-4 scoreline, overcoming four missed match points in the second-set tie-break. She will face fellow American Jessica Pegula in the final, marking Svitolina's return to the Dubai final for the first time since winning back-to-back titles in 2017 and 2018. This competitive match showcases top-tier women's tennis.

70/100

A Minnesota federal judge held a Justice Department attorney in civil contempt for releasing an immigration detainee in Texas without identification, violating a court order for release in Minnesota with property returned. The judge initially ordered a $500 daily fine, but rescinded it after the man's documents were returned. This incident highlights escalating tensions between the judiciary and the Trump administration over immigration cases, with judges criticizing federal agencies for non-compliance and understaffing. The court emphasized that understaffing does not justify disobeying orders.

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The Trump administration has formally proposed a new regulation that would severely limit work permits for asylum-seekers, a move that would upend long-standing U.S. immigration policy. The proposal seeks to indefinitely suspend the acceptance of new work permit applications until the asylum case backlog is cleared, a process estimated to take many years. Additionally, it would extend the eligibility wait period from 180 to 365 days and disqualify migrants who crossed the U.S. illegally unless they reported persecution within 48 hours. Advocates denounce the measure, citing potential financial hardship for asylum-seekers and negative economic impacts.

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Heartfelt tributes have been paid to two teenagers who tragically died at an East Yorkshire holiday park. Two men, aged 33 and 42, have been arrested on suspicion of gross negligence manslaughter in connection with their deaths and remain in police custody. The families of the deceased expressed profound grief, describing their "perfect girl" and "angel" and a "broken man" without his son. Investigations by police, the Health and Safety Executive, and other agencies are ongoing to determine the full circumstances of this devastating incident, which has deeply impacted the community.

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A confidential memo from the Los Angeles Fire Department (LAFD) reveals a strategic plan to shield Mayor Karen Bass and the department from "reputational harm" related to the city's handling of the Palisades fire. The document, obtained by The Times, details efforts to manage media coverage and minimize tough questions ahead of the public release of an after-action report. This disclosure follows previous reports that the fire report itself was altered to deflect criticism. Mayor Bass has denied involvement, but the revelations raise questions about transparency and accountability in the city's response to the deadly blaze.

25/100

President Trump stated that 32,000 people were killed during recent protests in Iran, a figure substantially higher than any previously reported death toll. He did not provide a source for this number. Trump reiterated his support for the Iranian people, distinguishing them from their leaders, and described the situation as "very, very, very sad." He also claimed to have threatened Iran with military action if public executions were carried out, leading to their cessation. The actual death toll remains difficult to verify due to an internet blackout in Iran.

15/100

A new report indicates that the student loan delinquency rate has surged to nearly 25% in President Trump's second term, a significant increase from 9% in 2019. The Century Foundation, a left-leaning think tank, attributes this rise to the administration's policies, including blocking access to programs like the SAVE plan. The Education Department, however, suggests the increase reflects accurate data reporting after the end of pandemic-era relief measures. This trend is impacting millions of borrowers, leading to falling credit scores and hindering financial milestones. (not investment advice)

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Frito-Lay is set to close its large warehouse facility in Rancho Cucamonga, San Bernardino County, resulting in the layoff of 247 employees by June. This closure follows an earlier announcement last summer about the cessation of manufacturing operations at the same site, which has been a major employer since 1970. The snack company, owned by PepsiCo Foods, stated that operations will shift to a new local distribution center. Affected employees will receive pay, benefits continuation, and career support during this transition, as the company adjusts its operational footprint.

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Early IRS filing data indicates that the average tax refund for individual filers has increased by 14.2% this season, reaching $2,476 as of February 13. This figure is up from $2,169 during the same period last year. While the total amount refunded rose by 8.3%, the total filings received were down by 2.6%. The Trump administration has emphasized that its "big beautiful bill" would lead to substantially larger refunds, a claim supported by this early data, though experts caution against drawing broad conclusions yet. (not investment advice)

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Oil prices held steady on Friday as President Trump publicly stated he is considering a limited military strike against Iran to pressure its nuclear program. Both Brent crude and U.S. West Texas Intermediate futures remained near six-month highs, reflecting ongoing supply risks in the Middle East. Trump has given a 10-15 day timeline for a deal, warning of "bad things" if no agreement is reached. Experts believe a strike is probable given Iran's historical resistance to concessions, but predict any conflict would be short-lived due to upcoming elections. (not investment advice)

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NASA is targeting March 6 for the launch of its Artemis II mission, which will send four astronauts on a historic trip around the moon. This announcement follows a successful "wet dress rehearsal" countdown and fueling test, which resolved previous hydrogen leak issues. The mission will mark the first time humans travel beyond low-Earth orbit in over half a century, utilizing the powerful SLS rocket and Orion capsule. While some pending work remains, managers are optimistic about the upcoming flight readiness review and the monumental journey ahead.

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Final F1 pre-season testing in Bahrain indicates a reshaped competitive landscape, with Mercedes and Ferrari appearing to be in strong form for the new season. McLaren and Red Bull are closely matched, while Aston Martin and Cadillac face significant challenges, particularly with Honda's underperforming and unreliable power-unit. Drivers have expressed dissatisfaction with new rules requiring extensive energy management, but visually, the cars are smaller, more agile, and appealing. Off-track, a dispute over engine compression ratios among manufacturers seems likely to resolve without major impact.

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Shawn DeRemer, husband of Labor Secretary Lori Chavez-DeRemer, has been prohibited from entering the Labor Department headquarters following reports from two female employees alleging sexual assault. At least one police report was filed, detailing unwanted sexual contact on December 18. Administration officials and the White House are aware of the situation. DeRemer, an anesthesiologist, has not commented on the allegations. This development has brought a serious personal and legal issue into the public sphere for the Secretary and her family, underscoring workplace safety concerns.

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Great Britain's short track speed skating program is reportedly 25 years behind the world's best, primarily due to outdated facilities and insufficient funding. This assessment comes from British Ice Skating's head of performance, Jon Eley, after Team GB's sole representative at the Milan-Cortina 2026 Olympics, Niall Treacy, crashed in all his events. Funding cuts after the 2018 Games and the high cost of maintaining international-standard rinks have hindered the sport's development. The program is now looking to rebuild and learn from other successful British winter sports.

25/100

U.S. Attorney General Pam Bondi mistakenly claimed a victory against California regarding a state ban on law enforcement wearing masks, citing an appellate court ruling. However, the 9th Circuit Court of Appeals ruling she referenced pertained to a separate California law requiring officers to display identification, not the mask ban. The mask ban had already been blocked by a federal judge, and a revised bill is pending. Bondi's misstatement highlights ongoing legal and political tensions surrounding immigration enforcement policies in California, creating confusion over judicial outcomes.

40/100

A renowned Caltech scientist, Carl Grillmair, 67, who dedicated decades to astronomy research, was fatally shot at his home in Llano, outside Los Angeles. Authorities have arrested 29-year-old Freddy Snyder on murder charges, along with carjacking and burglary. Grillmair was found on his front porch with a bullet wound and pronounced dead at the scene. His colleagues remember him as a very famous and highly regarded scientist whose legacy will endure. The motive and any connection between the victim and suspect remain unclear, prompting a thorough investigation.

5/100

A federal judge in Miami rejected Tesla's attempt to overturn a $243 million verdict in a lawsuit stemming from a 2019 fatal Autopilot crash. The ruling mandates Tesla to compensate the family of a deceased victim and a survivor. The jury had previously found Tesla partially responsible, as the driver, using Enhanced Autopilot, believed the system would brake when he was distracted. This decision marks another legal setback for Tesla amidst its efforts to develop and deploy driverless robotaxi services, raising ongoing questions about autonomous driving safety. (not investment advice)

15/100

Exhibits detailing the history of slavery at the President's House Site in Philadelphia have been reinstalled, nearly a month after the Trump administration ordered their removal. The National Park Service confirmed the restoration, which occurred after a judge mandated their return. Philadelphia Mayor Cherelle Parker praised the move, emphasizing the importance of preserving history. The city had sued to have the signs returned, with state officials accusing the Trump administration of attempting to "rewrite and whitewash" history. The legal battle over the site's interpretation is ongoing, highlighting cultural and political tensions.

60/100

While the Supreme Court struck down President Trump's country-specific "reciprocal" tariffs, several industries will continue to face higher import costs under different authorities. Tariffs enacted under Section 232 of the Trade Expansion Act of 1962, targeting products like steel, aluminum, and certain auto parts deemed national security risks, remain in effect. Sectors such as autos, pharmaceuticals, furniture, and food and consumer packaged goods are still impacted. This means that despite the recent ruling, the overall trade and tariff landscape for many businesses remains complex and uncertain. (not investment advice)

40/100

Families have identified some of the victims of a deadly avalanche near Lake Tahoe, California, which struck a group of 15 skiers. Six individuals, all mothers, wives, and friends with a passion for the outdoors, have been named. The avalanche, which occurred near Castle Peak during blizzard conditions, resulted in eight confirmed deaths and one presumed deceased, making it the deadliest in California history. The families expressed profound devastation and gratitude for rescue efforts, emphasizing the victims' experience and preparation for backcountry travel. This tragic event has deeply impacted the community.

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