Last mentioned: 57m ago
Supreme Court Ruling
The Court strikes down the tariffs in a 6-3 decision, citing executive overreach.
Appellate Ruling
Lower courts split on the legality of the tariffs, sending the case to the Supreme Court.
Legal Challenges Mount
Coalitions of retailers and importers file lawsuits against the Department of Commerce.
Tariff Implementation
President Trump invokes emergency powers to impose global reciprocal tariffs.
The U.S. Supreme Court has invalidated President Donald Trump’s sweeping global tariff regime, ruling 6-3 that the administration exceeded its statutory authority. The decision curtails the use of federal emergency powers to bypass Congress on international trade policy.
February consumer sentiment data showed a modest increase that fell short of economist expectations, revealing a stark divide in the American economy. While stock market gains bolstered confidence for wealthy households, lower-income groups reported declining optimism due to persistent economic pressures.
Bloomberg's 'Horizons Middle East & Africa' highlights the region's transition from oil dependency to technology and infrastructure-led growth. Key drivers include Saudi Arabia's Vision 2030 milestones, the UAE's global AI leadership, and South Africa's reform-driven economic recovery.
HGGC, the private equity firm co-founded by NFL legend Steve Young and Rich Lawson, has successfully closed its fifth flagship fund at $3.2 billion. The oversubscribed fundraise highlights a rare success in a challenging capital-raising environment, drawing commitments from a diverse global base of institutional investors.
French quantum computing leader Pasqal is reportedly in talks to raise €200 million, a move that would value the company at over €1 billion. This significant capital injection underscores the growing institutional appetite for neutral-atom quantum architectures as the industry shifts from experimental labs to commercial utility.