Signs of US Labor Market Weakness Weigh on Stocks

The US Supreme Court appeared skeptical on Wednesday about whether President Trump's reciprocal tariffs are legal. Chief Justice Roberts and Justices Gorsuch and Coney questioned President Trump's use of an emergency-powers law to collect tariffs, with Roberts saying the tariffs were an "imposition of taxes on Americans, and that has always been the core power of Congress." The Supreme Court is expected to issue its ruling by late this year or early in 2026. Lower courts have already ruled that Mr. Trump's ...