A federal appeals court ruled Friday that most of President Donald Trump‘s global tariffs are illegal, striking a massive blow to the core of his aggressive trade policy. The U.S. Court of Appeals for the Federal Circuit ruled that the law Trump invoked when he granted his most expansive tariffs does not actually grant him…
Meta Platforms CEO Mark Zuckerberg departs after attending a Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram, at U.S. District Court in Washington, D.C., U.S., April 15, 2025. Nathan Howard | Reuters Meta on Friday said it is making temporary changes to…
President Donald Trump on Friday morning asked a judge to deny a request by Federal Reserve Board Governor Lisa Cook to issue an order barring Trump from firing her as her lawsuit challenging her removal plays out in court. The Fed, in a separate court filing, said it would not make arguments on the merits…
Federal Reserve Governor Lisa Cook attends the Federal Reserve Bank of Kansas City’s 2025 Jackson Hole economic symposium, “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy” in Jackson Hole, Wyoming, U.S., August 23, 2025. Jim Urquhart | Reuters Federal Housing Finance Agency Director Bill Pulte on Thursday night said he had filed a second…
A person walks past art work depicting former DOJ employee Sean Charles Dunn is displayed against a restaurant wall on August 17, 2025 in the Adams Morgan neighborhood of Washington. Tom Brenner | The Washington Post | Getty Images Prosecutors have charged the man accused of throwing a “Subway” sandwich at a federal officer on…
A member of the U.S. rail regulatory board said he discovered that he had been fired by the Trump administration after returning home from an Amtrak event to unveil new high-speed Acela trains. “I was just as surprised as anyone else,” former Surface Transportation Board member Robert Primus told CNBC’s Eamon Javers on Thursday in his…
Nvidia stock fluctuated on Thursday as investors digested the company’s latest earnings report, which signaled robust AI demand but provided little clarity on China. Sales surged 56% in the quarter to $46.74 billion, which was roughly in line Wall Street’s projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05,…
Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump, seeking to block his unprecedented move to fire her. The suit, filed in federal court in Washington, D.C., also names Fed Chairman Jerome Powell and the Board of Governors itself as defendants. Trump said Monday that he was removing Cook because of allegations that she committed…
Susan Monarez, President Donald Trump’s nominee to be the Director of the Centers for Disease Control and Prevention (CDC), arrives to testify for her confirmation hearing before the Senate Committee on Health, Education, Labor, and Pensions in the Dirksen Senate Office Building on June 25, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Lawyers…
Susan Monarez, President Donald Trump’s nominee to be the Director of the Centers for Disease Control and Prevention (CDC), testifies during her confirmation hearing before the Senate Committee on Health, Education, Labor, and Pensions in the Dirksen Senate Office Building on June 25, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Centers for Disease…
