The U.S. Supreme Court ruled that the International Emergency Economic Powers Act does not authorize the president to impose tariffs, striking down duties that President Donald Trump had levied on imports. The decision in Learning Resources, Inc. v. Trump (No. 24-1287) has triggered a scramble among thousands of American companies seeking to recover tariff payments,…

Federal Reserve Governor Barr warned in a speech that artificial intelligence is reshaping the U.S. labor market at a moment of near-zero job creation and low firing rates, a combination he described as a “delicate balance.” The address, delivered on the same day analysts flagged AI-driven profit growth as largely confined to a handful of…

A wave of tariff increases on steel, aluminum, and certain Chinese imports could ripple through the U.S. food supply chain, raising hard questions about how much more American households may pay at the grocery store. The federal government says it has collected over $100 billion in customs revenue since January 20, 2025, but estimates from…

American consumers lost more ground to inflation in January 2026, as prices climbed 2.4% over the prior 12 months, while international data show the dollar’s share of global reserves has been edging lower over time. The squeeze on household budgets arrives alongside federal projections of roughly $1.9 trillion in annual deficits in fiscal 2026, raising…

The Ethereum Foundation declared a strategic reorganization on February 17, 2026, formally treating Ethereum as a unified “platform” spanning its base layer and the rollup networks built on top of it. The announcement comes as new academic research has examined low-cost attack vectors against the rollup systems Ethereum increasingly relies on for scaling, and as…

Toyota is pumping $1.3 billion into its Georgetown, Kentucky factory to build a new electric SUV and assemble battery packs, even as Ford and General Motors pull back on their own EV timelines. The investment signals that the world’s largest automaker by volume is betting on a blended strategy of hybrids and battery-electric vehicles while…

Runaway demand for artificial intelligence hardware is draining the global memory chip supply and driving up the cost of smartphones, laptops, and other personal electronics. Contract prices for conventional DRAM are set to jump 90 to 95 percent quarter-over-quarter in the first quarter of 2026, while NAND flash is forecast to rise 55 to 60…

Amazon just committed roughly $200 billion in capital spending for 2026, a bet so large it spooked investors even as the company posted strong holiday-quarter results. That figure lands against a backdrop of surging global demand for data center capacity, with one research firm projecting the sector could top $650 billion in spending this year…

The Supreme Court’s decision in Learning Resources, Inc. v. Trump stripped the White House of one tariff tool, but President Trump responded within hours by announcing a 15 percent global tariff rate using alternative legal authorities. For Michigan, home to the densest concentration of auto manufacturing and parts suppliers in North America, the rapid policy…