Category: Markets and Macro

The Supreme Court ruled on Friday, February 20, 2026, that President Trump’s global tariffs imposed under the International Emergency Economic Powers Act are illegal, striking down one of the administration’s signature trade policies. But the justices did not decide what happens to the money already collected, leaving $133 billion in tariff payments in an uncertain…

President Donald Trump responded to a stinging Supreme Court defeat over his global tariffs by immediately signing a proclamation to impose new import duties under a different legal authority, vowing to push rates as high as 15 percent. The rapid pivot, which came within hours of a 6-3 ruling that struck down his broader trade…

Factories and other businesses that buy new equipment or build production facilities can now write off the entire purchase price in the year they acquire it, thanks to a restored 100 percent first-year depreciation deduction signed into law as part of the One Big Beautiful Bill Act. The provision, which applies to eligible property acquired…

The Supreme Court ruled on February 20, 2026, that President Trump exceeded his authority by using the International Emergency Economic Powers Act to impose sweeping reciprocal tariffs on imports from dozens of countries. The decision in Learning Resources, Inc. v. Trump invalidated the emergency-based trade framework that had reshaped U.S. import costs over the past…

The Federal Reserve’s preferred inflation measure stayed hot in December 2025, with core prices rising at a 3.0% annual rate just as economic growth slowed to its weakest pace in over a year. The combination of stubborn price pressures and a sharp deceleration in GDP has effectively shut the door on near-term interest rate cuts,…

Uber plans to spend more than $100 million building fast-charging hubs dedicated to electric robotaxis in three major U.S. metro areas, a bet that reliable power infrastructure will determine which company wins the autonomous ride-hailing race. The investment targets the San Francisco Bay Area, Los Angeles, and Dallas, covering site development, construction, and equipment. The…

The Supreme Court struck down President Trump’s tariffs imposed under the International Emergency Economic Powers Act on February 20, 2026, ruling that the executive action exceeded presidential authority. Businesses and states that fought the duties through multiple courts are now demanding refunds, but shoppers hoping for lower prices at checkout are likely to be disappointed….

Deere & Company reported a sharp drop in quarterly profit but still sent Wall Street into a buying frenzy by raising its full-year earnings forecast, pushing shares to a new 52-week high. The agricultural and construction equipment maker posted first-quarter fiscal 2026 net income of $656 million, down from $869 million a year earlier, yet…

PayPal shares fell back toward levels last seen around the company’s 2015 spin-off from eBay after the payments giant reported fourth-quarter 2025 results that investors viewed as disappointing, disclosed a CEO transition, and warned investors to expect lower earnings in 2026. The twin shocks of a leadership vacuum and slowing growth in PayPal’s core branded…

Illinois is being discussed as a potential multibillion-dollar claimant in the growing national battle over tariffs collected under the International Emergency Economic Powers Act (IEEPA) after the Supreme Court struck down the legal authority behind them. However, the specific figure of an $8.7 billion Illinois claim has not been documented in the sources linked below,…