E-commerce stocks that were exposed to President Donald Trump's far-reaching global tariffs rallied Friday, after the Supreme Court struck down a key pillar of the president's economic agenda.In a 6-3 ruling, the court said Trump does not have the legal authority to impose tariffs under the International Economic Powers Act, the method by which many of the levies were invoked. IEEPA does not explicitly mention tariffs. The decision sent Amazon's stock up more than 1%, while Etsy climbed 5%. Shares of Shopif ...

A federal judge in Miami denied Tesla's bid to toss out a $243 million verdict in a lawsuit that requires the automaker to compensate the family of a 2019 fatal Autopilot crash victim as well as a survivor.The collision, which occurred in Key Largo, Florida, killed 22-year-old Naibel Benavides and severely injured her boyfriend, Dillon Angulo. Tesla owner George McGee was driving his Model S sedan while using the company's Enhanced Autopilot, a partially automated driving system. During the trial, McGee sai ...

[The stream is slated to start at 12:45 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Friday is set to respond after the Supreme Court struck down his signature tariff policy.Trump will lead a press briefing at the White House on the seismic ruling, according to his press secretary Karoline Leavitt. The briefing was announced two hours after the high court ruled, six to three, that the statute used to justify Trump's biggest tariffs does not actual ...

The US Supreme Court during a rain storm in Washington, DC, US, on Friday, Feb. 20, 2026. Annabelle Gordon | Bloomberg | Getty ImagesThe Supreme Court on Friday ruled that President Donald Trump's country-specific so-called "reciprocal" tariffs are unconstitutional, delivering a win for many consumer companies facing higher import costs.But the ruling doesn't cover all sectors. The Supreme Court reviewed tariffs enacted under the International Emergency Economic Powers Act of 1977, or IEEPA, which the Trump ...

The retail industry on Friday said the Supreme Court's ruling that struck down some of President Donald Trump's global tariffs would usher in more predictability and flexibility for innovation, freeing up businesses from the burden of higher import costs. "The Supreme Court's announcement today regarding tariffs provides much-needed certainty for U.S. businesses and manufacturers, enabling global supply chains to operate without ambiguity," the National Retail Federation said in a statement following the ru ...

U.S. trading partners offered a cautious welcome to the U.S. Supreme Court's decision Friday to strike down large parts of President Donald Trump's flagship trade policy on global tariffs — but global trade bodies warned of lingering uncertainty surrounding import levies.The law that undergirds the import duties "does not authorize the President to impose tariffs," the majority ruled six to three in the long-awaited Supreme Court decision.Trump's tariff regime impacted a swathe of countries from the U.K. to ...

U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.Multiple importers already have pending lawsuits seeking refunds of their tariffs, citing lower-court rulings that found Trump's tariffs are not legal.The $175 billion refund estimate from the Penn-Wharton Budget Model was produced at the request of the Reuters news wire service. The model is a non-partisan fiscal research group at the University of Pennsylvania.The potentia ...

A person carrying a U.S. flag walks outside the U.S. Supreme Court, as its justices are set to hear oral arguments on U.S. President Donald Trump's bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, D.C., U.S., November 5, 2025.The Supreme Court on Friday struck down a huge chunk of President Donald Trump's far-reaching tariff agenda.The law that undergirds those import duties "does not authorize the President to impose tariffs," the majority ruled ...

U.S. President Donald Trump speaks at the Coosa Steel Corporation on Feb. 19, 2026 in Rome, Georgia.Forty minutes before the federal government revealed that economic growth sharply slowed in the last quarter, President Donald Trump dropped a hint that the incoming data would be weaker."The Democrat Shutdown cost the U.S.A. at least two points in GDP. That's why they are doing it, in mini form, again," Trump wrote in a Truth Social post at 7:50 a.m. ET.At 8:30 a.m., the Commerce Department reported that U.S ...

Economic growth cooled near the end of 2025 while inflation held firm, according to data released Friday that could complicate the Federal Reserve's interest rate path.Gross domestic produce rose at an annualized rate of just 1.4%, according to Commerce Department numbers adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for a 2.5% gain.At the same time, inflation held firm in December, according to the gauge most closely watched by Fed officials.The core personal con ...