The court ruled 6-3 that the President lacked authority to impose tariffs without Congress, setting up a battle over hundreds of billions in potential refunds.
The US Supreme Court has ruled that most of the president's tariffs are unconstitutional because of how he implemented them. But the administration is prepared to reinstate them, starting with a 10% temporary tariff.
Major indexes have mostly been treading water for months, as investors’ exuberance for artificial intelligence wears off.
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