4 Things To Know About SCOTUS Case That Could End Birthright Citizenship Authored by Sam Dorman via The Epoch Times (emphasis ours), The Supreme Court is set to consider a landmark case challenging President Donald Trump’s bid to limit birthright citizenship. The Supreme Court in Washington on Feb. 21, 2026. Madalina Kilroy/The Epoch Times The case, known as Trump v. Barbara, is set for oral argum...
4 Things To Know About SCOTUS Case That Could End Birthright Citizenship Authored by Sam Dorman via The Epoch Times (emphasis ours), The Supreme Court is set to consider a landmark case challenging President Donald Trump’s bid to limit birthright citizenship. The Supreme Court in Washington on Feb. 21, 2026. Madalina Kilroy/The Epoch Times The case, known as Trump v. Barbara, is set for oral argument on April 1. Upon entering office, Trump signed an order barring the children of illegal immigrants born in the United States from securing citizenship. It also applies to mothers on temporary U.S. visas who give birth in the country. The order has been blocked by local courts pending the high court’s decision. The justices are expected to wrestle with the meaning of the citizenship clause of the 14th Amendment . That part of the amendment reads, “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.” Here are some of the key questions in the case and how they’ve been debated. What Does ‘Subject to the Jurisdiction Thereof’ Mean? Much of the debate has focused on these five words from the amendment: “subject to the jurisdiction thereof.” The wording of the 14th Amendment indicates that merely being born within U.S. borders is not enough for citizenship. That’s partially why the Supreme Court, in a 19th-century decision, said the children of foreign diplomats and those born in Native American territory do not receive citizenship. One of the main questions before the Supreme Court is why and how these groups of people might differ from the children of illegal immigrants. The American Civil Liberties Union, which is representing children and their mothers, has argued that people are subject to U.S. jurisdiction if they are obligated to follow its laws. Diplomats and Native Americans are excluded because they belong to other sovereign nations. The Justice Departme...
Nike shares tumbled Tuesday evening after the company issued disappointing quarterly guidance, further proof the turnaround is taking longer than expected. Total revenue in the company's fiscal 2026 third quarter was flat year over year at $11.28 billion, topping Wall Street expectations of about $11.24 billion, according to analyst estimates compiled by LSEG. Earnings per share (EPS) fell 35% fro...
Nike shares tumbled Tuesday evening after the company issued disappointing quarterly guidance, further proof the turnaround is taking longer than expected. Total revenue in the company's fiscal 2026 third quarter was flat year over year at $11.28 billion, topping Wall Street expectations of about $11.24 billion, according to analyst estimates compiled by LSEG. Earnings per share (EPS) fell 35% from the year-ago period to 35 cents, beating the consensus of 29 cents, LSEG data showed. The 9% after-hours drop in shares Tuesday is sending Nike to its lowest levels since 2015. The shoe and apparel maker's stock ended regular trading Tuesday down 17% year to date, underperforming the S & P 500's 4.6% decline over the same period. NKE 1Y mountain Nike's stock performance over the past 12 months. Bottom line Nike believes it is still in the middle innings of its comeback, but it's hard for the market to have faith that it'll win the game when management keeps forcing Wall Street to lower its estimates thanks to weak guidance. To be fair, the company outperformed both its revenue and gross margin guidance in the reported quarter, which covered the three months ended in February. Back in December, management projected fourth-quarter revenue to decline in the low-single digits and gross margins to be down approximately 175 to 225 basis points (1 basis point is equal to 0.01%). The actual numbers were a beat. Revenue end up flat and gross margins contracted 130 basis points, leading to an earnings per share beat of 6 cents. But it was also another quarter that required clearing out of bad inventory, resulting in what management called a five-point headwind to its reported results. This time it was their classic footwear franchise. "It was intentional. It was necessary," CEO Elliott Hill said on the earnings call about the clean out of inventory. "And while it weighed on the quarter, it is improving the health of the marketplace, the quality of our revenue, and the foundation fo...
A year since President Donald Trump tripped up global financial markets with his so-called Liberation Day tariffs, the investment playbook his move inspired has been firmly put on the shelf. That’s because the Iran war — now in its second month — has unleashed an unprecedented oil shock, forcing a swift unwinding of popular, crowded trades that had come to define markets in the months since last A...
A year since President Donald Trump tripped up global financial markets with his so-called Liberation Day tariffs, the investment playbook his move inspired has been firmly put on the shelf. That’s because the Iran war — now in its second month — has unleashed an unprecedented oil shock, forcing a swift unwinding of popular, crowded trades that had come to define markets in the months since last April. Global stocks, which had rallied on the back of the artificial intelligence boom and falling interest rates, have lost about $14 trillion in value since the conflict began , as risk appetite evaporated. Bonds have swung sharply as traders have been forced to reprice the rate outlook amid rising inflation risks. And emerging markets, which had lured funds with attractive valuations and solid growth prospects, are seeing a rush for exits due to their heavy reliance on oil imports. Oil has surged as the war rocks the Middle East, with the Strait of Hormuz — through which about a fifth of the world’s oil normally flows — closed to all but a handful of vessels. Prices may surge to $150 or $200 a barrel if the near-closure of the waterway persists over the next six to eight weeks, according to energy-market consultancy FGE NexantECA. On Tuesday, the US and Iran signaled openness for a resolution, prompting investors to re-assess the outlook for the war. Trump said the US plans to leave Iran within two to three weeks. But even if the conflict ended within that timeframe, it would take time for normal flows to resume through the Strait of Hormuz, especially as Trump added he would leave it to other nations to resolve issues with the critical waterway. “Liberation Day was an America-made policy shock, while the Iran war is arguably an exogenous geopolitical shock,” said Christy Tan , a Singapore-based investment strategist at the Franklin Templeton Institute. “The conflict in Iran will push prices higher via the energy complex meaningfully as long as the war persists and may e...