** Former President Donald Trump lashed out at Walmart on social media, accusing the retail giant of using tariffs as an excuse to hike prices. In a fiery post, he urged Walmart to "EAT THE TARIFFS" instead of passing costs to consumers, dismissing their warnings about price increases tied to higher import taxes.

What This Mean: ** This spat highlights the ongoing tension between corporate America and political leaders over who bears the brunt of trade policies. Walmart, a bellwether for consumer prices, is signaling that tariffs could hit shoppers' wallets—while Trump, doubling down on his trade stance, frames it as corporate greed. For everyday Americans, it’s a reminder that trade wars rarely stay confined to boardrooms or Twitter fights; they eventually trickle down to the checkout line.

** U.S. stocks are clawing their way back toward record highs after a wild ride, with the S&P 500 just 3% shy of its February peak. That earlier high was shattered when Trump’s trade war kicked off with tariffs on Canada and Mexico, sparking months of volatility. Now, despite lingering trade tensions, investors seem to be betting on a rebound—or at least hoping the market has more surprises up its sleeve.

What This Mean: ** Markets have a short memory. Even after trade wars and economic jitters sent stocks reeling earlier this year, optimism is creeping back in. Whether this rally holds depends on a lot of unknowns—trade deals, corporate earnings, global growth—but for now, Wall Street’s showing some unexpected resilience. If you’re an investor, buckle up; if you’re just watching, it’s another reminder of how quickly financial moods can shift.

House Republicans' draft tax legislation proposes to reduce a lucrative tax break for sports team owners, cutting its value by half and potentially costing them billions in sheltered income.

What This Mean: This change reflects broader efforts to reform tax loopholes, signaling potential financial impacts on wealthy individuals and businesses while aiming to address perceived inequities in the tax system. For sports team owners, it could mean higher taxable income and reduced profitability.

Nvidia CEO Jensen Huang stated there is no evidence of the company's AI chips being diverted into China, citing their large size and customer compliance with regulations.

What This Mean: This reinforces Nvidia's adherence to export controls amid U.S.-China tech tensions, suggesting current measures are effective in preventing unauthorized transfers of advanced AI hardware.

Microsoft acknowledged providing AI technology to the Israeli military but denied its use for harming civilians in Gaza, marking its first public admission of involvement in the conflict.

What This Mean: This highlights the growing role of private tech companies in military operations and raises ethical concerns about AI's use in warfare, particularly in conflict zones with civilian populations. It also reflects the tension between corporate partnerships with governments and public accountability.