Business
Wine importer Victor Owen Schwartz wins Supreme Court tariff challenge
Dominari Securities founder Kyle Wool and Michael Lee Strategy founder Michael Lee join ‘Mornings with Maria’ to discuss the tech sector and break down the impact of the Supreme Court’s upcoming tariff decision on the U.S. stock market.
Victor Owen Schwartz never imagined he would one day find himself challenging a president in the highest court in the land.
But after President Donald Trump’s sweeping tariffs threatened the survival of his wine importing business, Schwartz became a plaintiff in a case that would ultimately reach the Supreme Court — and prevail.
Shortly after the ruling, Trump announced a 10% global tariff and vowed to use other avenues to keep the duties in place. A day later, he raised the tariff to 15%.
SUPREME COURT DEALS BLOW TO TRUMP’S TRADE AGENDA IN LANDMARK TARIFF CASE

A photo of Victor Owen Schwartz of VOS Selections.
Because his business depends on global sourcing, Schwartz was uniquely exposed. With wines and spirits arriving from 16 countries across five continents, nearly every corner of his supply chain was touched by the new tariffs.
On Friday, the nation’s highest court dealt Trump a significant blow to his trade policy. Schwartz watched the decision unfold over Zoom with his lawyers, the fate of his nearly 40-year-old business hanging in the balance.
“We are relieved and very excited to get back to doing what we love, bringing handmade authentic wines and spirits to American consumers,” Schwartz said. “It’s impossible to describe the feeling of elation, of seeing that, yes, we were right, and the court agrees with us, and a feeling that justice prevailed,” he told Fox News Digital.
Schwartz was a plaintiff in one of two cases brought before the Supreme Court. The challenges — Learning Resources Inc. v. Trump and Trump v. V.O.S. Selections Inc. — were filed by an educational toy manufacturer and Schwartz’s family-owned wine and spirits importer, both contesting the legality of Trump’s tariffs.
The disputes followed Trump’s “Liberation Day” tariffs in April, a sweeping package of import duties he said would address trade imbalances and reduce reliance on foreign goods.
TRUMP’S TARIFF REVENUES HIT RECORD HIGHS AS SUPREME COURT DEALS MAJOR BLOW

President Donald Trump delivers remarks on reciprocal tariffs during an event in the Rose Garden in 2025. (Brendan Smialowski/AFP/Getty Images / Getty Images)
“Last spring, thousands of American small businesses like mine were thrown into chaos,” Schwartz said, referring to the “Liberation Day” tariffs. “The administration’s unprecedented tariffs, which my business was forced to pay upfront, threatened our very existence,” he added.
Unlike previous tariffs enacted by Congress, which businesses could plan around, Schwartz said Trump’s sweeping duties felt unpredictable and arbitrary. He argued the new duties forced small companies to “gamble with our livelihoods by trying to predict the unpredictable,” calling them “an unconstitutional act of government overreach.”
Beyond the legal fight, Schwartz said the strain on cash flow was especially acute.
“A very important thing to realize in running any business, certainly a small business, is the impact on cash flow,” he said. “When you have to pay those tariffs up front before you have sold a single bottle of wine, that’s a major impact. Cash flow is the lifeblood of a company.”
FOX NEWS POLL: TRUMP’S TARIFFS FACED BROAD DISAPPROVAL EVEN BEFORE SUPREME COURT RULING

Victor Owen Schwartz of VOS Selections challenged the president and won in the Supreme Court. (Courtesy of Victor Schwartz)
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The Trump administration has argued that aggressive tariffs are necessary to confront what it calls years of unfair global trade, underscoring how central trade policy is to Trump’s broader economic strategy.
While questions remain about what comes next for U.S. trade policy, Schwartz said he is focused on moving forward and receiving the “government’s refund of these improperly collected taxes.”
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Journey from Bike Courier and Bakery Apprentice to Acclaimed Writer
Hu Anyan’s book chronicles his 20-year experience in 19 low-wage jobs in Beijing, blending humor and detailed observations on survival’s absurdities and harsh realities while navigating a challenging urban landscape.
Key Points
- Hu Anyan’s book, I Deliver Parcels in Beijing, details his 20-year experience across 19 low-wage jobs, showcasing the absurdities of survival with dry humor and keen observation.
- His roles range from delivery work to convenience store clerk, cleaner, and even an anime designer, revealing a persistent struggle at the bottom of the employment ladder.
- With a blend of hope and resignation, Hu candidly reflects on the challenges of urban life, portraying the harsh realities of precarious work and the comical absurdities he encounters.
Hu Anyan’s I Deliver Parcels in Beijing offers a compelling chronicle of his two-decade journey through 19 low-wage jobs across Beijing, illustrated with a blend of dry humor and vivid observational detail. The narrative captures the absurdities and stark realities of survival on the fringes of urban life, depicting a world where hope is entwined with disillusionment.
In his extensive exploration of jobs—from parcel delivery and convenience-store work to cleaning and stints in a vegetable market and an anime design company—Hu reveals the precariousness of labor for the city’s underclass. Notably, the duration of these positions varies dramatically; some last mere days or weeks, highlighting an unstable employment landscape rife with vanishing bosses, illusory contracts, and arbitrary rules. This chaotic environment necessitates resilience, where the essential qualifications for survival become a strong back, a flexible sense of dignity, and a high tolerance for absurdity.
At the age of 47, Hu, who originally hails from Guangzhou, reflects on his experiences in various cities, including a brief tenure in Vietnam. He encapsulates the paradox of urban life where places brim with potential yet leave individuals feeling stagnant and exploited. With a nuanced perspective, he conveys an innocence marred by the harsh truths of labor, paired with a remarkable aptitude for self-reflection.
Hu’s writing style marries humor with a documentary’s precision. He meticulously details the minutiae of his experiences—tracking wages to the cent, timing shifts, and cataloging fines and injustices—without descending into melodrama. His observations often portray the absurd: security guards overseeing nothing, managers fostering chaos, and delivery algorithms dictating lives with apathy.
Completing his trial as a parcel deliverer epitomizes his journey through a world filled with contradictions and challenges, underscoring the complexity of urban survival in modern China. Hu Anyan’s narrative ultimately illuminates the resilience of those navigating life on society’s margins, serving as both an engaging autobiography and a social commentary.
Read the original article : China’s new literary star had 19 jobs before ‘writer’ – including bike courier and bakery apprentice
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S&P 500 Trading In Second-Narrowest Range Ever, Bespoke Investment Group Says
The S&P 500 has been trading in a significantly narrow range so far this year amid ongoing tariff uncertainty, but the index has returned to the levels it saw in late October after a “hibernation” period, note analysts at Bespoke Investment Group.
In a Sunday note, the analysts said that at its closing high for the year, the S&P 500 was up 1.94% year-to-date, while at the low of the year, it was down 0.71%. They point out that this 2.7 percentage point range between high and low is the second-narrowest spread as of Feb. 20 in the index’s history. The only year with a narrower range was the 2.1 percentage point range in 1966.
“On the positive side, the economy seems to be good (but not great), semis and transports are sending positive macro-signals, and the positioning of the three-headed monster of oil, the dollar, and rates should provide a tailwind for equities,” the analysts said.
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Specs, AI Upgrades, Price Rumors & Release Date
SAN FRANCISCO — Samsung Electronics is set to host its first Galaxy Unpacked event of 2026 on Feb. 25 in San Francisco, where the company is widely expected to unveil the Galaxy S26 series, including the standard S26, S26 Plus and premium S26 Ultra models. The presentation, kicking off at 10 a.m. PT (1 p.m. ET), will be live-streamed on Samsung’s website, YouTube channel and other platforms, with a focus on advancing the company’s Galaxy AI platform to make artificial intelligence more personal and integrated into daily smartphone use.

The event comes amid growing competition in the AI-driven smartphone market, with Samsung aiming to build on the Galaxy S25 lineup’s features while addressing user demands for better efficiency, privacy and creative tools. Pre-reservations are already open, offering incentives like $30 in Samsung credit, potential trade-in values up to $900 and a sweepstakes for $5,000 in store credit. Analysts anticipate the S26 series to emphasize evolutionary refinements over revolutionary changes, prioritizing AI maturity and hardware tweaks for improved performance.
Samsung has teased that the new devices will “simplify everyday interactions” through Galaxy AI, positioning them as the “next AI phone.” Invites highlight a shift toward user-centric intelligence, with features designed to handle tasks conversationally and adapt to individual needs. This includes multi-agent AI support, allowing users to choose from different AI providers for specialized functions. A key addition is integration with Perplexity, an AI-powered search engine, embedded in apps like Notes, Gallery, Calendar, Reminder and Clock. Users can activate it with a “Hey Plex” voice command or side button assignment, enabling natural language queries for web searches and more complex tasks.
Bixby, Samsung’s voice assistant, is also getting a reboot in One UI 8.5, based on Android 16. The updated Bixby will process commands in everyday language without requiring precise terms, handling device navigation, troubleshooting and app interactions. For instance, users can describe issues like “why is my battery draining fast?” and receive tailored advice. Perplexity will back Bixby’s web-related queries, while basic tasks remain on-device for privacy.
Camera enhancements are another highlight, with Samsung promising a “seamless Galaxy camera experience” that unifies capture, editing and sharing. New AI tools will allow users to recreate missing elements in photos, such as filling in cropped-out parts or enhancing details intelligently. Low-light video performance is expected to improve through advanced noise reduction and brighter footage. The system aims to eliminate app-switching, letting users edit directly in the camera interface for faster workflows. Additional rumored AI features include “Now Nudge,” a context-aware assistant that proactively suggests actions based on user habits, and “Ask AI” in the Samsung Internet browser for summarizing web content or answering queries on-the-fly.
Hardware rumors point to modest upgrades across the board. The Galaxy S26 is expected to feature a 6.3-inch Dynamic AMOLED 2X display with Full HD+ resolution (2,340 x 1,080 pixels), a 120Hz refresh rate and Corning Gorilla Armor 2 for durability. The S26 Plus ups the screen to 6.7 inches, while the S26 Ultra boasts a 6.9-inch WQHD+ panel (potentially 1,800 x 3,440 pixels) with up to 144Hz refresh. Brightness could hit 2,600 nits on the base models.
Processor options will likely vary by region: Qualcomm’s Snapdragon 8 Elite Gen 5 for the U.S. and China, with the Exynos 2600 elsewhere. The Ultra may get an overclocked Snapdragon variant with prime cores at 4.74 GHz for enhanced performance. Benchmarks suggest strong gains, with single-core scores around 3,800 and multi-core over 9,800 on Snapdragon models, outpacing predecessors.
RAM starts at 12GB for all, with the Ultra offering 16GB in top configs. Storage options include 256GB, 512GB and 1TB using UFS 4.0, though the base S26 and Plus may skip 128GB entirely. Batteries are rumored at 4,300mAh for the S26 (25W charging), around 4,900mAh for the Plus (45W) and 5,000mAh for the Ultra (60W wired, claiming 75% charge in 30 minutes). All support wireless charging, with battery life estimates around 31 hours for the Ultra.
Camera setups appear largely unchanged but refined. The S26 and S26 Plus are expected to sport a 50MP main sensor, 12MP ultrawide, 10MP 3x telephoto and 12MP front camera. The Ultra retains its 200MP primary, upgrading to a 50MP ultrawide and 50MP 5x periscope alongside the 10MP 3x and 12MP selfie. A standout Ultra-exclusive is the “Flex Magic Pixel” privacy display, which adjusts pixel-level viewing angles to prevent shoulder-surfing in public.
Pricing rumors suggest U.S. starting points of $799 for the S26, $999 for the Plus and $1,299 for the Ultra, matching the S25 series. However, a global RAM shortage could lead to hikes in some markets, potentially €999 for the European S26. Pre-order perks may include double storage upgrades (e.g., 256GB to 512GB) and enhanced trade-ins. Release is anticipated around March 11, following pre-orders opening shortly after Unpacked.
The event may also introduce accessories like the Galaxy Buds 4, with Samsung promising seven years of software updates for the S26 lineup. Experts note that while AI integrations could differentiate the series, success hinges on real-world usability and avoiding feature fragmentation across models. As Samsung faces rivals like Apple’s iPhone 18 and Google’s Pixel 11, the S26’s blend of hardware reliability and AI innovation will be key to maintaining its flagship dominance.
With just days until the reveal, leaks and teasers have built anticipation, but Samsung’s full vision for “truly personal” AI remains to be seen.
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