U.S. stock markets closed lower on Tuesday to start trading in September. Market participants were concerned about the legal validity of the tariffs imposed by the Trump administration. Rising yields on U.S. sovereign bonds also dented Investors’ sentiment. All three major stock indexes ended in negative territory. The Dow Jones Industrial Average (DJI) fell 0.6%…
The U.S. Supreme Court is likely due to make a final decision on President Donald Trump‘s sweeping tariffs after a U.S. appeals court ruled on Friday that they were illegal. Treasury Secretary Scott Bessent told Reuters on Monday he was confident the Court would uphold the administration’s tariffs but added that the White House has…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump warned on Monday that a record $15 trillion in planned investment in the U.S. would be “immediately cancelled” if courts are permitted to strike down his tariff policies. In a fiery post on his Truth…
The legal fight over President Donald Trump’s global tariffs is deepening after a federal appeals court ruled the levies were issued illegally under an emergency law, extending the chaos in global trade. A 7-4 decision by a panel of judges Friday night in Washington was a major setback for Trump even as it gives both…
In a setback to Donald Trump, the federal appeals court ruled on Friday that the US President had no legal right to impose sweeping tariffs on almost every country, but allowed them to remain in place for now, giving him time to take the fight to the Supreme Court. US President Donald Trump wears a…
A federal appeals court struck down most of President Trump’s Congress-averting global import tariffs Friday in a dispute that’s predicted to head to the US Supreme Court. The 7-4 ruling, issued by 11 judges for the US Court of Appeals for the Federal Circuit in Washington, D.C., allows the tariffs to remain in place while…
The six Republican justices have largely behaved as lickspittles to the leader of their political party. These are, after all, the same GOP political appointees who said that President Donald Trump is allowed to commit crimes. Last May, however, the Court did appear to draw a line in the sand and warn Trump not to…
President Donald Trump escalated his ongoing fight against the Federal Reserve with an unprecedented move to fire Fed Governor Lisa Cook, putting the central bank’s independence at risk and setting up a struggle that will play out in courts and financial markets. Futures for the S&P 500 dipped 0.14%, and the 10-year Treasury yield rose…
RALEIGH, N.C. (AP) — The North Carolina Supreme Court issued favorable rulings Friday for bars and their operators in litigation seeking monetary compensation from the state for COVID-19 restrictions first issued by then-Gov. Roy Cooper that shuttered their doors and, in their view, treated them unfairly compared to the way restaurants were regulated. The majority…
A federal judge has ordered Elon Musk to face a proposed class-action lawsuit from voters who say they were misled into signing a petition in the buildup to the 2024 election by promises of a chance to win $1 million in a daily giveaway. The lawsuit, brought in the U.S. District Court for the Western…