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The U.S. economy got sidetracked in February by tariff-related price increases, sluggish sales and the previous month's Winter Storm Fern, but top executives were also more optimistic that business will improve later in the year.
Thousands of businesses won a hard-fought victory when the U.S. Supreme Court ruled to overturn the White House's emergency tariffs. The process of getting refunds has only just begun.
The US Supreme Court struck down President Donald Trump's global tariffs, saying he exceeded his authority. Bloomberg's Nathan Dean and Mike McKee discuss how President Trump may respond to the decision on "Bloomberg Open Interest."
President Trump is the first to invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imported goods from more than 100 countries.
All three major stock indexes were up Friday morning after the Supreme Court struck down President Donald Trump's sweeping tariff agenda, and despite the economy notching its slowest economic growth of the past three quarters.
The U.S. government could owe more than $175 billion in refunds to importers after the Supreme Court ruled in a 6-3 decision that tariffs unilaterally imposed by President Donald Trump are illegal, a new estimate says. The potential refunds to a broad range of companies would be for tariffs already collected by the government since Trump slapped on the duties without authorization from Congress under the International Emergency Economic Powers Act, or IEEPA.
The Supreme Court has struck down President Donald Trump's far-reaching global tariffs, handing him a significant loss on an issue crucial to his economic agenda.
The US Supreme Court struck down President Donald Trump's global tariffs. John Stoltzfus of Oppenheimer talks about how the ruling could impact markets.
Sales of new single-family homes rose to 758,000 in November, from 656,000 in October, and slipped to 745,000 in December.
The Supreme Court ruled Friday on two cases challenging President Donald Trump's tariffs under the International Emergency Economic Powers Act.
FOX Business' Lydia Hu breaks down the Supreme Court's ruling regarding President Donald Trump's use of IEEPA tariffs on 'Varney & Co.'
Tariff removal sparks a stock market rebound, but slowing growth and elevated PCE keep pressure on US stocks as investors weigh stagflation concerns.
Americans' assessment of the economy improved slightly in February, according to the University of Michigan's monthly survey, yet high prices continued to keep many on edge.
The U.S. Supreme Court struck down the Trump administration's tariffs, adding more uncertainty to the state of global trade. Kevin Hincks was surprised to see an immediate rally following the announcement.
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Friday.
The US Supreme Court struck down President Donald Trump's sweeping global tariffs. Voting 6-3, the court said Trump exceeded his authority by invoking a federal emergency-powers law to impose his “reciprocal” tariffs across the globe.
'SaaSpocalypse' Survival Guide
Ruling is blow to Trump's bold assertions of authority and topples key pillar of aggressive economic agenda
President Donald Trump did not have authority to impose his sweeping "Liberation Day" tariffs, the Supreme Court ruled Friday, killing the president's signature economic policy in a case that the president has claimed is "one of the most important ever."
In a major setback for President Trump's economic agenda, the court ruled that he could not invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imports.