If it seems like everything is expensive today, it may not be just because of inflation. When rates were raised, those costs were passed on to consumers or businesses. And now that some of last year’s tariffs have been deemed unconstitutional, companies want their money back. Except, supposedly, Amazon. Tariff lawsuits abound President Donald Trump…
LONDON, Feb 24 (Reuters) – Citigroup hedge fund clients sold off the dollar around Friday’s ruling by the U.S. Supreme Court on President Donald Trump’s sweeping tariffs, according to a note from the U.S. bank shared with Reuters late on Monday. The dollar fell in a volatile session on Friday after the Supreme Court struck…
Happy Friday, merchants. Welcome to our weekly market summary, where we take a look back at these last five trading days focusing on the market news, economic data and headlines that had the biggest impact on the prices of gold and other key correlated assets, and that may continue to do so in the future….
The Supreme Court’s ruling on Trump’s tariffs might seem like a long-awaited relief. But one analyst warns that the absence of tariff revenue could have different consequences. Matthew Sigel, head of digital asset research at VanEck, highlighted on X the Bitcoin rally right after the decision. But he warned more, “In the absence of tariff…
By David Lawder WASHINGTON, Nov 3 (Reuters) – U.S. industrial equipment maker OTC Industrial Technologies has long used low-cost countries to supply components – first China and then India – but President Donald Trump’s barrage of tariffs on numerous trading partners has altered the supply chain math for Chief Executive Bill Canady. “We took things…
CHARLESTON, W.Va. (AP) — A federal appeals court on Tuesday overturned a landmark decision in West Virginia that had rejected an opioid-ravaged area’s attempts to be compensated by U.S. drug distributors for an influx of prescription painkillers into the region. The 4th U.S. Circuit Court of Appeals in Richmond, Virginia, ruled that a lower court…
By Nate Raymond BOSTON (Reuters) – A federal judge in Boston had some direct words for Donald Trump as he issued one of dozens of court decisions in four New England states against the Republican president in challenges to the legality of his policies. “I fear that President Trump believes that the American people are…
