Judge dismisses California's lawsuit over Trump tariffs, citing jurisdiction issue
The ruling — separate from a pair of high-profile rulings in other courts last week — partially sides with the Trump administration, which argued the case belongs in the New York-based U.S. Court of International Trade rather than the U.S. District Court for the Northern District of California, where Gov. Gavin Newsom and state Attorney General Rob Bonta earlier filed their case.
But Judge Jacqueline Scott Corley dismissed the case outright rather than immediately transfer it to the trade court, as Trump's attorneys had requested. By doing so, she granted the state's request to leave a path open for California to appeal the ruling to the U.S. 9th Circuit Court of Appeals, a famously liberal-leaning bench.
Still, Scott Corley's decision is a blow to California officials who had hoped the district court would rule on the legality of Trump's unilateral tariffs. Last week, a D.C. District Court judge went the opposite direction and invalidated Trump's tariffs, ruling in favor of two toy-import companies. The trade court also struck down Trump's tariffs last week, although his taxes on imports have largely been left in place while federal litigation plays out.
Scott Corley's ruling against California was expected. She had previously signaled that her San Francisco court likely didn't have jurisdiction in the case, noting the trade court has authority over tariff cases — which was designed to prevent a patchwork of tariffs rulings in federal district courts.
California in April became the first state to sue Trump over his so-called 'Liberation Day' tariffs, claiming the president has no authority to unilaterally tax imports under the International Emergency Economic Powers Act. Trump has invoked tariffs without congressional approval by claiming the country faces a national emergency due to its trade deficits with other countries.
Representatives for Newsom and Bonta didn't immediately respond to requests for comment.
While Scott Corley's ruling is a setback for the state, California officials joined Democratic leaders across the country last week in celebrating the pair of federal court rulings that determined Trump had overstepped his executive powers.
'It's raining tacos today,' Newsom said on the MeidasTouch Podcast on Thursday, an apparent reference to the TACO acronym that Wall Street investors have used to refer to whiplash over Trump's see-sawing import taxes. The president has bristled at the name, which stands for 'Trump always chickens out.'
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Fundwell Acquires EveryStreet, Uniting Payments, Cash Flow and Capital in One Platform
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The addition of EveryStreet represents a pivotal step in Fundwell's evolution from a leading funding marketplace to a full-scale business growth platform. By combining Fundwell's extensive lender network and credit products with EveryStreet's A/R and A/P management platform, businesses will have the tools to not only access capital when needed but also to proactively manage their cash flow, bridging short-term needs and long-term financial health. "This acquisition is about more than adding new technology. When I think about the most successful outcomes we've created for our customers, it's always been about helping them get control of their entire cash flow picture," said Sruli Anatian, CEO of Fundwell. "EveryStreet gives us a powerful new capability to help businesses manage their receivables, unlock working capital, and even spread out payments on their invoices over time, marking a foundational step in building an end-to-end platform that advises, equips, and finances businesses for long-term success." As part of the acquisition, EveryStreet's technology will be seamlessly integrated into Fundwell's platform, enhancing its capabilities to help businesses get paid faster, access financing more efficiently, and gain greater control over their cash flow. This integration builds on Fundwell's mission to move beyond one-time funding transactions to deliver year-round financial tools that support sustainable business growth. "We founded EveryStreet to help vendors and retailers view their cash position in real-time, providing them with the clarity needed to plan ahead, control expenses, and maximize their profits," said Logan Shedd, Founder of EveryStreet. "For most businesses, cash flow isn't just a metric; it's survival, and by becoming part of Fundwell, we're making it simpler to understand and easier to act on." The acquisition also brings proven leadership and technical depth to Fundwell. Co-founder and CEO Logan Shedd has built a career at the intersection of payments and embedded finance, holding senior roles in lending, operations, and revenue strategy at companies like Octane Lending, ChargeAfter, and LendingClub. Scott Priddy, co-founder and CTO, is a veteran technologist with decades of experience leading architecture and engineering at fintech and payments leaders, including PayPal, Visa, Mastercard, Ally, Vyze, and BGenerous. Kevin Park, co-founder and CPO, combines product management expertise with a finance background from Wharton, having shaped and implemented strategy and market expansion for high-growth startups and Fortune 500 institutions, including Capital One and JPMorgan Chase & Co. Together with their engineering team in the U.S. and Europe, they strengthen Fundwell's ability to accelerate innovation and scale. Sruli Anatian emphasized that the move is not just about technology, but it's about expanding Fundwell's role in the financial lives of its business owners. "Businesses shouldn't only come to Fundwell when they're in urgent need of capital. They should be plugged into our platform year-round, getting insights on where their cash is coming in, where it's going out, and how to bridge the gaps before they become crises," he said. With the acquisition of EveryStreet, Fundwell is advancing toward its vision of becoming the go-to growth partner for businesses by providing the tools, funding, and guidance they need to not only survive cash flow challenges but to thrive well beyond them. The deal closed on August 11, 2025, and integration is already underway. 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Yahoo
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This Woman Is Going Viral For Hilariously Explaining The Brutal Truth About The US's Student Loan Crisis
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"Hi, yes, um — so, I have my student loan pulled up here — I've been making the minimum payment on time for 10 years, and I now owe more than I took out. So I just… I was wondering what's that about?" she asked. @thezolyspirit / Via "The interest accrues faster than you can pay it off? Oh, that's…that's you guys are able to do that." "What is the interest, by the way? I can't… It's 13%? Okay. That makes sense, that…that it would be that." Then, Zoë begins a new conversation. "Hi! I just graduated, and I noticed that my student loans are way more than I originally took out. It was accruing interest while I was at school? Uh. Hmm. But it says the principle is more than I took [out]..." @thezolyspirit / Via "When I graduated, you combined the accruing interest into the principle, so now… I took out $55,000, and it's saying that it accrued $20,000 while I was at school. So now, instead of taking the 10% interest off of $55,000, you're taking 10% interest off of $75,000? 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6 minutes ago
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