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President announces temporary 10% global tariff, says litigation over refunds may take 2 to 5 years. Treasury says alternative tariff authorities could keep 2026 revenue roughly unchanged

PRESIDENT TRUMP ANNOUNCES NEW GLOBAL TARIFF PLAN • 10% global tariff will be imposed for ~5 months on top of existing tariffs • Tariff refunds will be litigated and could take 2–5 years to resolve • Does not need Congressional approval to impose tariffs • Frames Supreme Court decision as not materially constraining presidential tariff …

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Institutional private equity fund insiders say Claude hype is a bubble, workflows unchanged since 2022, and corporate adoption is decades away

“Just spoke with a couple of MDs at a large institutional private equity fund They still believe that Claude is a fad and it will take decades before any real companies adopt them Currently only subscribed to a ChatGPT corporate account at work Mentioned multiple times that absolutely nothing has changed about their workflow since …

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Trump says only a full peace deal can end the Russia-Ukraine war. Ceasefire odds are higher, but lasting peace is unlikely with demands unchanged.

🇺🇸 TRUMP: “BEST WAY TO END THE WAR IS A FULL PEACE DEAL – NOT JUST A CEASEFIRE” “A great and very successful day in Alaska! The meeting with Putin went very well, as did a late night phone call with President Zelenskyy of Ukraine. It was determined by all that the best way to… …

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The Federal Reserve has kept rates unchanged. They are warning of higher risks due to tariff shock. Markets continue to price-in 3 interest rate cuts this year.

The Federal Reserve has kept rates unchanged. They are warning of higher risks due to tariff shock. Here we go… — Gold Telegraph ⚡ (@GoldTelegraph_) May 7, 2025 FED DECISION HIGHLIGHTS – MAY 7, 2025 1.Interest rates held steady for the third consecutive meeting. 2.Inflation described as still “somewhat elevated.” 3.Economic outlook grows murkier, with …

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Fed keeps rates unchanged in 12-0 vote, signals concern as disinflation stalls. Unanimous decision, inflation remains elevated.

Interest rate futures now show a base case of Fed rate cuts being paused until June 2025. The decision to pause cuts appears to be largely uncontested by Fed officials. PCE inflation data Friday is huge. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) January 29, 2025

Informant’s arrest doesn’t alter GOP stance on Biden’s impeachment; fundamental facts remain unchanged, says Jordan.

The arrest of a key informant for Biden’s impeachment for giving false testimony does not change anything – the head of the relevant committee of the House of Representatives House Judiciary Committee Chairman Jim Jordan brushed off questions about a whistleblower charged with perjury key to the GOP effort to remove Biden, saying it “doesn’t …

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