Trump Admin Seeks Months-Long Pause For Tariff Refunds Just days after Senate Democrats introduced a bill seeking tariff refunds after the Supreme Court struck down many of President Trump’s (IEEPA-backed) tariffs, the Trump administration says it needs months of additional time to weigh its steps, as a wave of refund requests pours in from importers seeking billions of dollars in tariffs. The bil...
Trump Admin Seeks Months-Long Pause For Tariff Refunds Just days after Senate Democrats introduced a bill seeking tariff refunds after the Supreme Court struck down many of President Trump’s (IEEPA-backed) tariffs, the Trump administration says it needs months of additional time to weigh its steps, as a wave of refund requests pours in from importers seeking billions of dollars in tariffs. The bill, sponsored by 22 Senate Democrats led by Sens. Ron Wyden (D-Ore.), Edward Markey (D-Mass.), and Jeanne Shaheen (D-N.H.), would require U.S. Customs and Border Protection (CBP) to issue refunds over the course of 180 days and pay interest on the refunded amount. “Trump’s illegal tax scheme has already done lasting damage to American families, small businesses and manufacturers who have been hammered by wave after wave of new Trump tariffs,” Wyden said in a statement. “Senate Democrats will continue fighting to rein in Donald Trump’s price-hiking trade and economic policies. A crucial first step is helping people who need it most, by putting money back in the pockets of small businesses and manufacturers as soon as possible.” The Epoch Times' Aldgra Fredly reports that, according to the senators, tariffs implemented under the International Emergency Economic Powers Act (IEEPA) brought in about $175 billion in revenue . However, in a late-night Feb. 27 filing , the Department of Justice (DOJ) asked the U.S. Court of Appeals for the Federal Circuit to delay for roughly four months before taking a procedural step that would begin refund proceedings. While the justices invalidated the tariff regime, they did not lay out a detailed roadmap for what should happen next, or how the government should handle the tens of billions of dollars already collected. Bill Pan reports for The Epoch Times that, the DOJ's filing urged the Federal Circuit to wait until the Supreme Court’s judgment is finalized, a process that can take 32 days . After that, it requested an additional 90-day delay ...
Australia’s internet regulator said it might push search engines and app stores to block artificial intelligence services that failed to verify user ages after a review found more than half had not made public any steps to comply by a deadline next week. The warning reflects one of the most aggressive efforts globally to rein in AI companies, which face a growing number of lawsuits for failing to ...
Australia’s internet regulator said it might push search engines and app stores to block artificial intelligence services that failed to verify user ages after a review found more than half had not made public any steps to comply by a deadline next week. The warning reflects one of the most aggressive efforts globally to rein in AI companies, which face a growing number of lawsuits for failing to stop – and even encouraging – self-harm or violence, while researchers caution that such platforms...
Emerging-market currencies and stocks slumped in Asia trading on Monday as worries over Iran conflict and surging oil prices weigh on sentiment for risky assets. A gauge of developing nations’ currencies dropped 0.5%, declining for a second session in a row as the dollar strengthened. The Philippine peso and Taiwan’s dollar fell the most among peers . South Korean markets were closed for a holiday...
Emerging-market currencies and stocks slumped in Asia trading on Monday as worries over Iran conflict and surging oil prices weigh on sentiment for risky assets. A gauge of developing nations’ currencies dropped 0.5%, declining for a second session in a row as the dollar strengthened. The Philippine peso and Taiwan’s dollar fell the most among peers . South Korean markets were closed for a holiday. EM equities , meanwhile, dropped as much as 1%, the most in more than two weeks. The escalating tensions in Iran, which have spread to the broader region, have disrupted various sectors from oil and shipping to air travel. Benchmark Brent crude oil surged to its highest level in more than a year before paring while the greenback and gold jumped as investors piled into safe haven assets, further hurting emerging-market currencies and fueling inflation concerns. “This is a shock that pushes EM weaker,” said Brendan McKenna , an emerging market strategist at Wells Fargo in New York, adding that the Iran response has been more hostile than before with the Strait of Hormuz effectively closed and more aggressive US-Israel cooperation. “That shock, combined with the theme that EM is overvalued and overowned at current levels, should drive a selloff in the early days of the conflict,” he said. Some countries with high dependence on oil imports, like South Korea, Taiwan, India, the Philippines and Thailand, might see their currency underperform more, according to Sim Moh Siong and Christopher Wong , strategists at Oversea-Chinese Banking Corp. The escalation of the conflict also lifted energy, shipping, defense and gold shares in Asia while pushing down airlines, travel and growth stocks. Taiwan’s shipping companies Wan Hai Lines and Evergreen Marine rose while Singapore Airlines, Japan Airlines and Eva Airways slumped. Bloomberg Economics said the conflict could lead to a significant increase in oil prices to as high as $108 per barrel if the Strait of Hormuz is closed. “The scop...
Treasuries pushed lower across the curve as reports of conciliatory messages from both the US and Iran damped demand for haven assets. US government securities reversed their earlier gains following a Wall Street Journal report that said Iranian security chief Ali Larijani had pushed to resume nuclear talks with Washington. US President Donald Trump was open to dropping Iran sanctions if the new l...
Treasuries pushed lower across the curve as reports of conciliatory messages from both the US and Iran damped demand for haven assets. US government securities reversed their earlier gains following a Wall Street Journal report that said Iranian security chief Ali Larijani had pushed to resume nuclear talks with Washington. US President Donald Trump was open to dropping Iran sanctions if the new leader is pragmatic , the New York Times reported. US 10-year yields climbed four basis points to 3.97% after earlier falling to an 11-month low of 3.92%. Thirty-year yields also rose four basis points to 4.65%. Havens such as Treasuries, the yen and Swiss franc had only made marginal gains in earlier Asian trading despite the escalation of the Iran conflict over the weekend. “Those headlines seem to have been helpful in steadying sentiment,” said Andrew Ticehurst , a senior strategist at Nomura Australia Ltd. in Sydney. “The Iran situation is key for now. Markets will look for clues regarding the likely length and severity of future military action, especially the Iranian response.” Treasuries in February posted their first monthly gain since November as tensions ratcheted up between the US and Iran, and investors grew concerned that the spread of artificial intelligence technology may harm the economy. The upside for global bonds is also being damped by concern rising oil prices will add to inflation and reduce the value of fixed-income payments. “The ‘bond-as-haven’ trade becomes less clean” if higher oil prices keep inflation pressures sticky, said Charu Chanana , chief investment strategist at Saxo Markets in Singapore. “It’s more about how sticky oil prices remain.”
Key PointsSteven Conine sold 26,950 shares of Common Stock on Feb. 26, 2026, for a transaction value of ~$2.13 million, using a weighted average price of $78.86 per share.
Key PointsSteven Conine sold 26,950 shares of Common Stock on Feb. 26, 2026, for a transaction value of ~$2.13 million, using a weighted average price of $78.86 per share.
Yackers1/iStock Editorial via Getty Images Note: I have covered SEACOR Marine Holdings Inc., or “Seacor Marine” ( SMHI ), previously , so investors should view this as an update to my earlier articles on the company. Q4/2025 Earnings Review Last week, leading offshore services vessel provider SEACOR Marine Holdings reported another set of mediocre quarterly results, with revenues coming in below c...
Yackers1/iStock Editorial via Getty Images Note: I have covered SEACOR Marine Holdings Inc., or “Seacor Marine” ( SMHI ), previously , so investors should view this as an update to my earlier articles on the company. Q4/2025 Earnings Review Last week, leading offshore services vessel provider SEACOR Marine Holdings reported another set of mediocre quarterly results, with revenues coming in below consensus expectations and substantial cash burn from operations. Company Press Releases / Regulatory Filings Please note that GAAP results included an $8.1 million gain from the sale of a platform supply vessel ("PSV"). Without this one-time benefit, earnings per share would have missed analyst estimates by a wide margin. The majority of the sales proceeds were deposited in a restricted account for future payments on two PSVs currently under construction in China, with deliveries expected in late 2026 and early 2027, respectively. The company's $82 million newbuild program is fully funded: Company Presentation According to statements made by management in the press release, the company's weak operating performance was due to two major issues: lower utilization of the company's liftboat fleet due to seasonality and a reduction in work scope by an international customer fewer available days following recent asset sales Performance across regions was mixed at best, with Africa and Europe being the sole bright spot: Company Press Releases Given the surprisingly weak performance in Latin America, it is fair to assume that the reduction in liftboat work scope discussed above has been impacting the region in Q4. With lower contributions from premium liftboat activity, SEACOR Marine's average dayrate decreased by more than 10% on a quarter-over-quarter basis to $17,519. Cash burn from operating activities remained high at $12.2 million. The company used another $8.4 million for capital expenditures. However, these outflows were partially offset by $13.1 million in asset sales proce...