ThemusicalG

The Supreme Court dealt a blow to President Donald Trump’s trade agenda on Friday, siding against him in a case challenging the legality of tariffs that have shaped global markets and U.S. supply chains.By a 6–3 vote, the majority concluded that the law cited to justify the import duties "does not authorize the President to impose tariffs." Chief Justice John Roberts delivered the opinion of the court. Justices Clarence Thomas, […]

One of the most acclaimed and successful American filmmakers in history has left California for New York. Steven Spielberg and his wife, Kate Capshaw, officially became New York residents on Jan. 1, according to a report by the Los Angeles Times. The couple relocated to the San Remo co-op on Central Park West in Manhattan, which has previously housed celebrities including Bono, Mick Jagger, Warren Beatty and Tiger Woods.On the same […]

The U.S. economy grew at a much slower than expected pace in the fourth quarter, according to new data released on Wednesday.The Commerce Department's Bureau of Economic Analysis (BEA) released its advance estimate for fourth quarter gross domestic product (GDP), which found the U.S. economy grew at an annual rate of 1.4% in the fourth quarter, which runs from October through December.Economists surveyed by LSEG had expected the economy to […]

The Federal Reserve's preferred inflation gauge remained elevated in December as price pressures continued to pose a challenge for consumers.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.4% in December on a monthly basis and is up 2.9% from a year ago. Those figures were both slightly hotter than the estimate of LSEG economists, who predicted 0.3% and 2.8%, respectively.Core PCE, which excludes volatile measurements of […]