Group 1: Market Reaction to Tariff Changes - US stocks experienced a significant decline following the Supreme Court's cancellation of a key part of President Trump's tariff policy, with the Dow Jones Industrial Average dropping 800 points, or 1.6% [1] - The S&P 500 and Nasdaq Composite also fell by 1.2% and 1.3%, respectively, as investors reacted to the renewed trade tensions and potential AI losers [1][6] - The dollar slightly dipped, while gold prices increased by $100 to $5,226.90, indicating a shift towards safe-haven assets amid market uncertainty [4] Group 2: Impact of New Tariffs - President Trump announced a new 15% global tariff under Section 122, following the Supreme Court's ruling that eliminated broad import taxes [2][3] - This new tariff policy has raised concerns among global partners, leading the EU to pause the approval of a recent trade deal with the US [3] - Economists from Goldman Sachs noted that much of the trade disruption had already been factored into major companies' operations, suggesting limited immediate impact on business investment [5][9] Group 3: Sector-Specific Performance - AI-related stocks faced significant losses, with CrowdStrike falling 8.4% and AppLovin dropping 8.2%, as fears grew over competition from new AI technologies [6][7] - Major airline stocks also declined due to adverse weather conditions, with United, American, and Delta falling by 4.8%, 4.5%, and 3.5%, respectively [6] Group 4: Economic Outlook - The 10-year Treasury bill borrowing rate decreased to 4.03% from 4.08%, reflecting a shift in sentiment regarding future interest rate decisions [8] - Goldman Sachs' research indicated that the effects of tariffs on inflation and growth remain largely unchanged, with most of the cost passthrough to consumer prices having already occurred prior to the Supreme Court ruling [10]

The European Parliament decided on Monday to postpone for a second time a vote on the European Union’s trade deal with the United States after President Trump’s imposition of a new blanket 15% import tariff.The EU assembly has been debating legislative proposals to remove many EU import duties on US goods, a key part of the deal struck in Turnberry, Scotland, last July, as well as to continue zero duties for US lobsters, initially agreed with Trump in 2020. The proposals require approval by the parliament a ...

The European Commission demanded on Sunday that the US stick to the terms of an EU-US trade deal reached last year, after the US Supreme Court struck down President Trump’s global tariffs and he responded with new levies across the board.The Commission, which negotiates trade policy on behalf of the 27 EU member states, said Washington must provide “full clarity” on the steps it intends to take following the court ruling.After the court struck down Trump’s global tariffs on Friday, President Trump announced ...

The Supreme Court on Friday struck down a crucial batch of President Trump’s tariffs – but there are still plenty of high levies on certain industries that will stay in place.Tariffs imposed under the International Emergency Economic Powers Act (IEEPA) to crack down on trade imbalances and fentanyl smuggling surpassed Trump’s presidential authority, the Supreme Court ruled in a 6-3 decision.The ruling does not, however, discard tariffs enacted by the Trump administration using Section 232 of the Trade Expan ...

JP Morgan predicted fresh economic turbulence from Friday’s Supreme Court ruling nixing President Donald Trump’s emergency tariffs, warning Uncle Sam could be forced to refund as much as $200 billion to US businesses.One of the bank’s top researchers on economic policy, Michael Feroli, warned the decision could still spark heightened trade uncertainty and stunt business spending even as Trump administration officials vowed to revive the duties using other laws.“The Court’s ruling remanded this issue (of ref ...

A coalition of over 800 small businesses that were bruised by President Trump’s global tariffs is calling for refunds after the Supreme Court struck them down on Friday.The group, called We Pay the Tariffs, is demanding “full, fast and automatic” refunds – though Trump suggested in a heated press conference the idea is a non-starter.“Our coalition members, who through hard work, late nights, and sweat equity built local businesses, have paid billions in tariffs that never should have been imposed,” the anti ...

US economic growth drastically slowed and the Fed’s preferred inflation gauge heated up at the end of 2025 – complicating the path to more interest rate cuts, economic reports indicated Friday.Gross domestic product, or GDP – which measures spending on goods and services – rose at an annualized rate of just 1.4% in the fourth quarter of 2025, well below expectations of around 2.5%, according to the Commerce Department. For the full year of 2025, the US economy grew at a 2.2% pace. That’s down from a 2.8% cl ...

Paramount said Friday the US antitrust waiting period for its $78 billion all-cash bid for Warner Bros. Discovery expired on Thursday, marking a milestone on the road to a potential deal to acquire the owner of HBO Max.The company said this “means there is no statutory impediment in the US to closing Paramount’s proposed acquisition of WBD,” but the expiration of the 10-day waiting period under the Hart-Scott-Rodino Act does not end the Department of Justice’s review.The DOJ can continue investigating the d ...

Retail and apparel stocks spiked Friday morning after the Supreme Court struck down President Trump’s sweeping tariffs.Shares of Victoria’s Secret jumped as much as 5.6% as Dollar Tree cashed in with a 4% pop and Abercrombie & Fitch flexed a 5.5% gain. Lululemon and Dick’s Sporting Goods saw smaller spikes.The National Retail Federation welcomed the Supreme Court’s blockbuster decision stating Congress, not the president, has the power to impose tariffs.Retail and apparel stocks jumped Friday after the Supr ...

A federal judge rejected Tesla’s request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured her boyfriend.In a decision made public on Friday, US District Judge Beth Bloom in Miami said the evidence at trial “more than supported” the August 2025 verdict, and Tesla raised no new arguments to set the verdict aside.Tesla, led by Elon Musk, is expected to appeal. Its lawyers did not immediately respond to requests f ...