Last updated: 2026-02-21 21:32:19 ET
Pulse AI Brief
Updated Feb 21, 2026 8:00 PM ET
JPMorgan Chase has acknowledged in a court filing that it closed former President Donald Trump's accounts following the January 6 Capitol riot. This admission comes amid Trump's $5 billion lawsuit against the bank, alleging political bias in the decision.
The revelation could impact JPMorgan's stock (JPM) as it faces legal and reputational challenges. Investors might reassess the bank's risk management and political exposure.
This case underscores the ongoing political and legal battles surrounding the events of January 6, highlighting the financial sector's role in navigating politically sensitive situations.
The president seems as intent on tariffs as ever and argues that his trade agenda is succeeding, despite little evidence to support it
'without retribution (until I came along!)'
Trump's other tariff options are "much more narrow."
The president is turning to an untested legal authority to rebuild his global tariff regime.
The move signaled that the president would press ahead with steep global import taxes despite the legal setback from the Supreme Court.
The tariffs are just taxes on American businesses and consumers, while providing no benefit to the economy, critics of Trump's policies say.
Trump now says he will raise 'worldwide' tariff from 10% to 15%
After the Supreme Court outlawed most of his tariffs on Friday, Trump announced new global tariffs of 10%. On Saturday he said he would increase these...
Trump also warned: "During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs....
On Friday, President Trump signed a proclamation that would impose 10% tariffs on most foreign imports to the United States.
