February 21, 2026 - 04:29

Major business advocacy groups are celebrating a landmark Supreme Court ruling that has struck down the former Trump administration's expansive use of global tariffs. The decision, seen as a significant check on presidential trade authority, concludes a lengthy legal battle initiated by domestic importers who argued the levies were unlawfully imposed.
Industry representatives described the past several years as a period of severe financial strain, citing the tariffs as a direct cause of squeezed profit margins and forced price increases passed on to consumers. The broad-based tariffs, initially levied under Section 232 of the Trade Expansion Act of 1962, targeted steel and aluminum imports from allies and trading partners worldwide.
The ruling provides substantial relief for thousands of American companies that rely on imported materials. Legal experts note the decision reinforces congressional oversight in setting trade policy, potentially limiting future executives from unilaterally enacting similar sweeping tariffs without clear legislative authorization. Business groups now anticipate greater stability in supply chains and input costs, allowing for more predictable long-term planning and investment.
February 20, 2026 - 04:04
Elon Musk reveals price of Tesla's CybercabTesla has officially set a price target for its highly anticipated autonomous vehicle. CEO Elon Musk announced that the company`s forthcoming `Cybercab` robotaxi will be sold for less than $30,000,...
February 19, 2026 - 22:10
Walmart's growing share of high-income shoppers helped its e-commerce business turn into a powerhouseWalmart`s digital marketplace has transformed into a retail powerhouse, with a significant driver being a sustained influx of shoppers from households earning over $100,000 annually. These...
February 19, 2026 - 01:12
Framingham Baking Co. to close after 109 years in businessA cherished piece of Framingham`s community fabric is preparing to serve its final pastry. The longstanding family-run bakery, a local institution for 109 years, has announced it will permanently...
February 18, 2026 - 03:00
Hearst CEO Is “On the Lookout” for Deals to Give Its TV Businesses More ScaleIn a clear signal of strategic ambition, Hearst CEO Steve Swartz has announced the corporation is actively seeking acquisitions to bolster its television holdings. The move aims to provide its...