Supreme Court tariff decision: U.S. Customs has new deadline for companies seeking refunds

Supreme Court tariff decision:  U.S. Customs has new deadline for companies seeking refunds

The Contemplation of Justice statue at the US Supreme Court in Washington, DC, US, on Tuesday, Nov. 4, 2025. Pete Kiehart | Bloomberg | Getty Images There is a new deadline for U.S. importers to file for electronic refunds if the Supreme Court rules President Donald Trump’s IEEPA tariffs are illegal. U.S. Customs published details … Read more

Trump instructs ‘representatives’ to buy $200 billion in mortgage bonds, aiming to lower rates

Trump instructs ‘representatives’ to buy 0 billion in mortgage bonds, aiming to lower rates

US President Donald Trump speaks during a bill signing ceremony in the Oval Office of the White House in Washington, DC, US, on Friday, Dec. 12, 2025. Francis Chung | Politico | Bloomberg | Getty Images President Donald Trump on Thursday said he is “instructing my Representatives” to buy $200 billion in mortgage bonds, claiming … Read more

The Supreme Court may rule Friday on Trump’s tariffs. Here’s what’s at stake for the economy

The Supreme Court may rule Friday on Trump’s tariffs. Here’s what’s at stake for the economy

A cargo ship sits in New York Harbor on Nov. 19, 2025 in New York City. Spencer Plat | Getty Images The U.S. Supreme Court on Friday could rule on the legality of President Donald Trump’s tariffs, a decision poised to have far-reaching impacts on not only trade policy, but also the U.S. fiscal situation. … Read more

Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy

Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy

U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. … Read more

Layoff pace in December hit lowest level since mid-2024, Challenger says

Layoff pace in December hit lowest level since mid-2024, Challenger says

Business representatives staff a table at a career fair in Harlem hosted by Assemblymember Jordan Wright on Dec. 10, 2025, in New York City. Spencer Platt | Getty Images Announced layoffs fell sharply in December, hitting a 17-month low in a potential sign that the labor market is at least stabilizing, consulting firm Challenger, Gray … Read more

Private payrolls rose 41,000 in December, slightly below expectations, ADP says

Private payrolls rose 41,000 in December, slightly below expectations, ADP says

A “Join Our Team” flyer at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Wednesday, Oct. 1, 2025. Allison Joyce | Bloomberg | Getty Images Private sector job creation turned positive in December though at a bit softer pace than expected, payrolls processing firm ADP reported Wednesday. Companies added … Read more

Euro zone inflation hits 2% in December, in line with forecasts

Euro zone inflation hits 2% in December, in line with forecasts

Downtown Amsterdam Jacobh | E+ | Getty Images Euro zone inflation stood at 2% in December, flash data from Eurostat showed on Wednesday. Economists polled by Reuters had expected the inflation rate to cool to 2%, in line with the European Central Bank’s (ECB) target. In November, the inflation rate stood at 2.1%. Core inflation, … Read more

Trump sets his sights on Greenland — but its economy faces ‘major challenges’

Trump sets his sights on Greenland — but its economy faces ‘major challenges’

A view of houses in the old town of Nuuk, Greenland, March 27, 2025. Leonhard Foeger | Reuters Donald Trump is interested in annexing Greenland, an Arctic island offering a wealth of untapped mineral resources. But as the U.S. president dialed up the rhetoric about America annexing the self-governing Danish territory, sparking a backlash from … Read more

Iran unrest deepens as U.S. attack in Venezuela sharpens Trump intervention threat

Iran unrest deepens as U.S. attack in Venezuela sharpens Trump intervention threat

A large anti-Israeli banner portraying an image of a Palestinian fighter and the slogan in Persian and Hebrew, “Endless Voice of Resistance” is erected in Palestine Square in Tehran on December 31, 2025. Atta Kenare | Afp | Getty Images Widespread anti-government protests have roiled Iran for over a week, forcing its leaders to weigh … Read more

After a bruising 2025, the Fed faces another slew of challenges in the year ahead

After a bruising 2025, the Fed faces another slew of challenges in the year ahead

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee at the U.S. Federal Reserve in Washington, Dec. 10, 2025. Kevin Lamarque | Reuters The Federal Reserve heads into 2026 facing a slew of political and policy challenges, headlined by a new chair and an … Read more