US Economy Navigates Inflation, Tariffs, and Mergers

The US imposes a new 10% global tariff after a Supreme Court ruling, while Chile's state-owned copper mine Codelco expects stagnant output for years due to a recent accident.

The US Supreme Court's decision to strike down Donald Trump's sweeping global tariffs sent trade-linked stocks fluctuating, while the dollar and bonds fell. Meanwhile, California Governor Gavin Newsom signed legislation to lend $590 million to keep Bay Area transit running, and JPMorgan prepares to test the market with a $5 billion debt deal.

The US Supreme Court's decision to strike down Donald Trump's tariffs sent shockwaves through the markets, with trade-linked stocks fluctuating wildly. Meanwhile, California is investing heavily in its public transit system, and JPMorgan is leading a major debt deal to support a healthcare software acquisition.

The Trump administration is facing scrutiny over a range of controversies, from a proposed $70 million luxury jet for deportation flights and official use, to the ongoing uncertainty surrounding tariffs and a recent supreme court ruling. Meanwhile, Congress has pushed back against the president's funding cuts to cultural institutions. As the administration navigates these challenges, critics are questioning the priorities and motivations behind these decisions.

The US Supreme Court has dealt a significant blow to President Donald Trump's economic policy, striking down his sweeping global tariffs. The ruling has been hailed as a major victory for the Constitution and a demonstration of the court's willingness to stand up to the president. Meanwhile, other international trade disputes continue to unfold, including a feud between Bolivia's state steel company and a Chinese engineering firm.

Sam Fender and Olivia Dean have finally reached number one on the UK charts with their song "Rein Me In" after a record-breaking 35 weeks, while the UK government has agreed on a drone defence plan with four EU allies, seeking inspiration from Ukraine's drone manufacturing programme.

Florida Republicans have passed a bill to rename the Palm Beach airport after President Donald Trump, sparking outrage from Democrats who claim the move is a publicity stunt. The bill comes just days after Trump's lawyers trademarked the name "Donald J Trump International Airport". The renaming is pending approval from Governor Ron DeSantis.

The US Supreme Court has dealt a significant blow to President Donald Trump's economic policy, striking down his sweeping global tariffs. The decision has sent stocks rising and prompted EU lawmakers to reassess their trade deal with the US. Meanwhile, Canada's biggest banks are on the hunt for higher returns.

The Trump administration has faced two significant setbacks in recent days, with the Supreme Court ruling against the president's tariff policies and environmental groups criticizing the EPA's plan to roll back regulations on hazardous mercury emissions from coal plants. The decisions have dealt a blow to two of the administration's key policy initiatives.

The US Supreme Court's decision to strike down Trump's global tariffs has sent ripples through the economy, while the US has imposed visa restrictions on Chilean officials citing regional security concerns. Meanwhile, companies like Nike are eyeing new markets, and Federal Reserve officials are weighing in on monetary policy.