细数 2026 冬奥会多家运动品牌赞助亮点 [Table_Industry] 纺织服装业 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | [Table_Invest] 评级： | 增持 | | --- | --- | --- | --- | --- | --- | | 盛开(分析师) | 021-23154510 | shengkai@gtht.com | S0880525040044 | | | | 钟启辉(研究助理) | 021-23185686 | zhongqihui@gtht.com | S0880125042254 | | | 本报告导读： 我们详细梳理了 2026 冬奥会各运动品牌赞助亮点，发现从 2022 年到 2026 年，冬奥 品牌在赞助范围、设计理念、技术展现等方面实现了全方位升级。 投资要点： [Table_Report] 相关报告 纺织服装业《优质消费布局正当时》2026.02.08 纺织服装业《Coach 品牌势能全面爆发，中国市 场强势领跑，上调全年指引》2026.02.07 纺织服装业《FY26Q3 HOKA 重回高双增速，上 调全年业绩指引》20 ...

每日经济新闻 WEEKLY国际财经 2026 | 02 | 21 美最高法院6:3裁定 特朗普关税违法 1.4万亿美元收入"落空" 或撕开美国财政黑洞 周 焦点 ◆ 当地时间2月20日，美国最高法院以6:3裁定特朗普政府依据《国际紧急经济权力法》实施的大规模 关税违法。这场司法终槌直接让美国未来十年超1.4万亿美元关税预期收入"落空"，还留下1750亿美元 的退税悬案。千亿财政窟窿亟待填补，美债收益率应声上涨。面对裁决，特朗普政府紧急唤醒沉睡52年 的法律条款，宣布开征10%的"全球进口关税"。 ◆ 美媒：哈梅内伊及其子成为美国考虑的打击目标，多国敦促在伊朗公民尽快撤离；OpenAI毛利率下 滑，大幅下调"烧钱"目标至6000亿美元；印度AI峰会连爆名场面：两掌门拒绝握手，Anthropic CEO拿 手机念演讲稿；"末日博士"彼得·希夫：金价飙升预示着美国将面临远超2008年的复合型危机；金价重 返5100美元，白银、美油双双涨超9%。 美最高法院6:3裁定特朗普关税违法 1.4万亿美元收入"落空" 或撕开美国财政千亿黑洞 特朗普 图片来源：新华社发（李源清摄） 当地时间2026年2月20日，美国最高法院以 ...

原标题：《美大法官"大战"总统，6：3裁定特朗普关税违法：1.4万亿美元收入"落空"，或撕开美国财政千亿黑洞！特朗普闪电反击》 每经记者|兰素英 宋欣悦 岳楚鹏 每经编辑|何小桃 王嘉琦 杜波 当地时间2月20日，美国最高法院以6：3裁定特朗普政府依据《国际紧急经济权力法》实施的大规模关税违法。 这场司法终槌直接让美国未来十年超1.4万亿美元关税预期收入"落空"，还留下1750亿美元的退税悬案。千亿财政窟窿亟待填补，美债收益率应声上涨。 面对裁决，特朗普政府紧急唤醒沉睡52年的法律条款，宣布开征10%的"全球进口关税"。 当地时间2026年2月20日，美国最高法院以6：3的投票结果作出重磅裁决：特朗普政府依据《国际紧急经济权力法》（IEEPA）实施的大规模关税措施违 法。 这一纸裁决，不仅瞬间叫停了多项加征关税，让未来十年超1.4万亿美元的联邦财政预期收入化为泡影，更直接撕开了一个巨大的财政"黑洞"——高达 1750亿美元的潜在退税悬案正步步紧逼。 面对这突如其来的巨额资金窟窿，有分析警告称，紧迫的短期流动性风险将迫使美国财政部发行更多债券来填补缺口，这恐将直接推高美债收益率。 而与此同时，白宫已紧急重启沉睡 ...

每经记者｜兰素英 宋欣悦 岳楚鹏 每经编辑｜何小桃 王嘉琦 杜波 当地时间2月20日，美国最高法院以6:3裁定特朗普政府依据《国际紧急经济权力法》实施的大规模关税违法。 这场司法终槌直接让美国未来十年超1.4万亿美元关税预期收入"落空"，还留下1750亿美元的退税悬案。千亿财政窟窿亟待填补，美债收益率应声上涨。 面对裁决，特朗普政府紧急唤醒沉睡52年的法律条款，宣布开征10%的"全球进口关税"。 当地时间2026年2月20日，美国最高法院以6:3的投票结果作出重磅裁决：特朗普政府依据《国际紧急经济权力法》（IEEPA）实施的大规模关税措施违 法。 这一纸裁决，不仅瞬间叫停了多项加征关税，让未来十年超1.4万亿美元的联邦财政预期收入化为泡影，更直接撕开了一个巨大的财政"黑洞"——高达 1750亿美元的潜在退税悬案正步步紧逼。 面对这突如其来的巨额资金窟窿，有分析警告称，紧迫的短期流动性风险将迫使美国财政部发行更多债券来填补缺口，这恐将直接推高美债收益率。 而与此同时，白宫已紧急重启沉睡52年的法律条款展开反击。 一场由司法裁决引爆的财政危机与全球贸易震荡，才刚刚开始。 司法终槌： 1.4万亿美元关税体系"一夜坍 ...

Core Viewpoint - The Supreme Court ruled that President Trump exceeded his authority by imposing global tariffs under the International Emergency Economic Powers Act (IEEPA), which could lead to lower input costs for U.S. companies and reduced trade uncertainty over time [1]. Group 1: Positive Beneficiaries - Apple (AAPL) and Amazon (AMZN) are expected to benefit from the ruling, as Apple has incurred approximately $3 billion in tariffs and has shifted production to reduce exposure to higher tariffs [4]. - The reinstatement of the "de minimis exemption," allowing duty-free imports under $800, will directly benefit Amazon's e-commerce operations [5]. - Apparel retailers like Nike (NKE) and Lululemon (LULU) may also benefit, as they have faced significant supply-chain disruptions due to tariffs and the exemption could help alleviate some of these pressures [7]. - Homebuilders such as Toll Brothers (TOL) and Lennar Corporation (LEN) could see advantages from lower import costs on essential construction materials, which have been a burden due to high material costs [8]. Group 2: Sector-Specific Impacts - General Motors (GM) has faced a substantial tariff burden estimated between $6.1 billion and $7.1 billion annually, while Ford (F) has benefited from foreign tariffs on medium- and heavy-duty trucks [6]. - The Producer Price Index (PPI) for construction has reached an all-time high, indicating increased costs for domestic producers, which could be alleviated by lower import costs [9]. Group 3: Market Reactions - The ruling may lead to short-term stock market volatility, particularly affecting sectors that benefited from tariff protections, such as domestic steel and aluminum producers [2][10]. - Investors are likely to monitor the potential impacts of tariff relief on the global economy and the stock market, with certain stocks poised to benefit from these changes [10].

智通财经APP获悉，在美国最高法院裁定特朗普关税措施违法之后，数以千计的企业和进口商正准备展 开一场可能持续多年的法律战，试图向美国政府追回已缴纳、规模最高可达1700亿美元的关税。这一判 决不仅冲击特朗普贸易政策的法律基础，也可能在全球经济与企业财务层面掀起连锁反应。 美国最高法院周五裁定，总统特朗普无权依据《国际紧急经济权力法》(IEEPA)对数十个贸易伙伴加征 关税。但法院在判决中并未涉及是否需要退还已征收关税的问题，相关处理程序被留给下级法院解决。 特朗普随后在新闻发布会上批评称，法院在耗时数月形成裁决意见的情况下，却未对退税问题作出任何 说明，特朗普称："接下来五年恐怕都会'泡'在法庭里"。 最高法院以6比3的投票结果否定特朗普政府立场，其中大法官卡瓦诺在反对意见中指出，法院并未说明 政府是否、以及如何返还"数以十亿美元计"的关税收入，并警告这一过程可能"极其混乱"。 市场和行业机构普遍认为，即便最终允许退税，执行过程也将漫长而复杂。美国国际贸易法院虽曾在 1998年处理过大规模税费退还案件，但当年的规模仅约7500万美元、涉及约4000起案件，而当前争议关 税的体量远远超过这一水平。到2025年底 ...

Market Overview - The market reaction to the Supreme Court ruling against Liberation Day tariffs was relatively muted, indicating ongoing investor uncertainty [2][4]. - The Dow Jones Industrial Average ended the day up by about 0.5%, while the S&P 500 increased by approximately 0.7% [7]. - The Russell 2000, which includes small-cap stocks, finished unchanged, reflecting a divergence in market performance [8]. Sector Performance - The communications services sector was the biggest gainer, up by about 2.7%, driven by Alphabet [9]. - Energy and healthcare sectors were the only ones to finish in the red, with energy down about 0.7% and healthcare down about 0.3% [10]. - Overall, 334 names in the S&P 500 saw gains, with 169 declining [8]. Individual Stock Highlights - FDX (Comfort Systems) was the top gainer in the S&P 500, hitting an all-time high with a gain of about 6.5% [11]. - General Electric also reached an all-time high, closing up about 2.5% [13]. - Alphabet was the top gainer in the NASDAQ 100, increasing by about 4%, as the company explores new markets for its AI chips [15]. Company-Specific News - Blue Owl shares fell by 4% due to concerns over liquidity in private credit, following the restriction of withdrawals from one of its funds [17]. - Wal-Mart's stock decreased by 1.5% after a recommendation cut from HSBC, despite solid fourth-quarter results [20]. - CoreWeave shares dropped by 8% amid fears regarding financing for a $4 billion data project [22].

以上内容基于公开资料整理，不构成投资建议。 经济观察网 基于最新公开信息，截至2026年2月，露露乐蒙（LULU.US）有以下值得关注的事件动态： 高管变动：首席执行官Calvin McDonald已于2026年1月31日卸任，目前由CFO Meghan Frank和首席商务 官Andre Maestrini暂任联席CEO，以确保战略连续性。董事会正在物色永久继任者，这一过程可能影响 公司未来战略方向。 公司治理与供应链：知名投资机构Elliott Management已建立头寸，可能推动公司资本配置和治理结构的 调整，带来潜在变革。 战略推进：公司加速全球布局，计划在2026年于中国新增15-20家门店，并推出专属产品线，以应对北 美市场疲软。 ...

Group 1 - The U.S. Supreme Court ruled that President Trump's imposition of tariffs during his second term was illegal, stating that the invocation of the International Emergency Economic Powers Act (IEEPA) exceeded presidential authority [1] - The court emphasized that the power to regulate imports under IEEPA does not include the authority to impose tariffs unilaterally [1] - The ruling was initiated by multiple U.S. business groups, supported by 12 state governments, claiming that the tariffs caused significant harm to business operations and state economies [1] Group 2 - Despite some concessions on the most severe tariffs, the effective tariff rate in the U.S. is projected to remain above 10% until the end of 2025, the highest level since World War II [2] - Following the ruling, market reactions were mixed, with major retail companies showing varied stock performance; Walmart's stock fell by 1.8%, while Home Depot's rose by 1.2% [2] - Automotive and apparel stocks generally performed well, with Cars.com up by 2%, and Nike increasing by over 2.6% [2] Group 3 - Democratic lawmakers welcomed the ruling, viewing it as a victory for the rule of law and the American people's interests, asserting that trade legislative authority belongs to Congress [3] - The immediate impact on financial markets was limited, with the dollar index briefly declining before stabilizing, and the S&P 500 and Nasdaq indices experiencing fluctuations [3] - Market predictions indicate a 66% probability that the court will order Trump to refund tariffs by July 2026, a significant increase from the previous estimate of around 30% [3]

This latest headline coming in from the Supreme Court. Global tariffs struck down by the Supreme Court. So today was going to be the fate of whether or not Trump's epitaphs, which about 60 to 75% of the tariff policy right now in the United States is based off of and the Supreme Court making this decision a red hat across the Bloomberg terminal.Trump's global tariffs are struck down by the US Supreme Court. So this means that the Supreme Court has decided that using EPA, which this administration has done w ...