Trump Appeals to Supreme Court to Preserve His Comprehensive Tariff Policy
Jinse Finance reported, citing Golden Ten Data and NBC News, that the Trump administration on Wednesday requested the Supreme Court to quickly decide whether he has the authority to impose broad tariffs under a law specifically designed for use in times of emergency. According to the documents, the Department of Justice is appealing an August 29 ruling by the U.S. Federal Circuit Court of Appeals, which stated that Trump had exceeded his authority. These documents, submitted by the Department of Justice and the challengers, have not yet been formally filed with the Supreme Court. Jeffrey Schwab, an attorney at the Liberty Justice Center representing businesses challenging the tariffs, stated in a declaration that he believes the court will rule against the president. The government submitted two documents: one is the appeal, and the other is a motion to expedite the proceedings. In the latter, Solicitor General D. John Sauer requested the justices to accelerate the process so that oral arguments could be held as early as the first week of November. This means the Supreme Court must decide whether to hear the case by next week. A spokesperson for the Liberty Justice Center stated that the challengers have agreed to this timeline. There are also reports that the Supreme Court will take up this case and may issue a ruling in the summer of 2026.
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BUZZ - Gordon Haskett upgrades Dollar General to "Buy," stock price rises
On October 6th: - Shares of discount retailer Dollar General (DG.N) rose about 3% in afternoon trading, closing at $122.34. - Gordon Haskett raised its rating to "Buy" with a target price of $140 after meeting with company management. - The brokerage said that as high gasoline prices put pressure on household budgets, higher-income consumers are increasingly shopping at Dollar General, creating opportunities for the company to further expand its market share. - The firm added that, despite rising fuel costs, consumption patterns among lower-income consumers have stabilized and adjusted accordingly, thanks to ongoing stability in employment conditions. - The brokerage noted that consumers prefer shopping at stores closer to home and are making purchases more frequently, although the quantity of products per purchase has decreased; these trends are seen as favorable for Dollar General. - The company is working to expand its $1 products lineup, planning to increase the number of seasonal $1 items by 40% in the second half of this year. - Dollar General stated that its distribution partnerships help attract new customers and capture market share from traditional grocery and pharmacy retailers. - According to data compiled by London Stock Exchange Group (LSEG), out of 32 brokerages covering the stock, 13 rate it as "Buy" or higher, 18 as "Hold," and 1 as "Sell", with a median target price of $140. - As of the previous trading session's close, the stock has fallen about 8% year-to-date. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Because automated translation may be inaccurate or lack the required context, Reuters does not guarantee the accuracy of these automated translations and provides them solely for the convenience of readers. Reuters is not responsible for any damage or loss caused by the use of such translation features.)
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