Delivering a major blow to President Donald Trump's signature economic policy, the U.S. Supreme Court on Friday struck down most of the president's sweeping global tariffs.The nation's highest court ruled in a 6-3 decision that the International Emergency Economic Powers Act, or IEEPA, does not authorize the president to impose tariffs."IEEPA contains no reference to tariffs or duties. The Governm...
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Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.