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The Latest Breaking News from the Supreme Court

Stock Indices Recover Following Sharp Sell-Off on Tuesday

The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.58%. Some weaker-than-expected earnings are weighing on technology stocks. Super Micro Computer is down more...

Barchart

Supreme Court sounds skeptical of broad Trump tariff powers - Roll Call

The Supreme Court appeared skeptical during oral arguments Wednesday of President Donald Trump’s worldwide tariff regime.

Roll Call

What to know about the Supreme Court arguments over Trump's tariffs

Three lower courts have ruled illegal President Donald Trump’s use of emergency powers to impose sweeping worldwide tariffs

The Independent UK

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The Shortest SCOTUS Oral Argument In The Modern Era?

Coney Island Auto Parts, Inc. v. Burton was over in 37 minutes.

Reason

Trump's closing argument: Tariff case is "life or death" for the U.S.

The Supreme Court will tomorrow hear oral arguments challenging the legality of a key part of his economic agenda.

Axios

Dick Cheney’s expansive vision of presidential power lives on in Trump’s agenda

Former Vice President Dick Cheney will be remembered for many things. He was arguably the most powerful vice president in American history. He was a paragon of conservatism. He was the architect of many of the more extreme measures in President George W. Bush’s “war on terror.”

The Conversation

Stocks Finish Sharply Lower on Concerns About Lofty Valuations

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.07%. December E-mini S&P futures (ESZ25 ) fell -1.17%, and December E-mini Nasdaq futures...

Barchart

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Trump’s former trade architect says the president can’t backtrack on tariffs because he’s ‘too committed’ now: ‘That would be a pretty horrific decision’

The Supreme Court will begin hearing arguments Wednesday over whether President Donald Trump overstepped by using emergency powers to impose tariffs on more than 100 countries.

Fortune

As Tariff Case Heads to the Supreme Court, Trump's Strongest Argument Has a Fatal Flaw

The International Emergency Economic Powers Act doesn't grant the president the power to regulate imports with tariffs. Even if it did, these tariffs would still be unconstitutional.

Reason

Even if the Supreme Court rejects Trump’s tariffs, his staff is working on backup plans to keep charging for imports

Several small businesses have sued the president for his sweeping tariffs, claiming they negatively impact business and defy Congress’s authority

The Independent UK

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

Fortune

Stocks Pressured Amid Valuation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.12%. December E-mini S&P futures (ESZ25 ) are down -0.74%, and December E-mini Nasdaq futures...

Barchart

Stocks Retreat on Valuation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.97%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.69%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.29%. December E-mini S&P futures (ESZ25 ) are down -0.95%, and December E-mini Nasdaq futures...

Barchart

Dick Cheney Dies

Plus: Tariffs before the court, Mamdani on the ballot twice, and more...

Reason

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Roll Call

Spending law unenforceable if the president wants to violate it - Roll Call

There is little Congress can do to enforce a law designed to safeguard its power of the purse if the president disregards it.

Reason

Trump's Tariffs and John Roberts' Credibility

Learning Resources v. Trump will test both executive power and judicial fidelity.

The Independent UK

Victor Conte, who sold undetectable steroids to elite athletes in baseball and track, has died at 75

Victor Conte has died at 75 years old

Reason

Will a Mamdani Victory Push the Democrats Further Left?

Plus: Virginia and New Jersey governor’s races, a court ruling extending SNAP funding during the shutdown, and Trump’s tariff fight reaches the Supreme Court

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Reason

William Barr Discovers the Economics of Tort Law (and Misrepresents the Law Governing Interstate Pollution)

Another reply to the former attorney general on climate litigation that may end up in the Supreme Court.

Barchart

Stocks Close Higher on M&A and AI Optimism

The S&P 500 Index ($SPX ) (SPY ) on Monday rose +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.37%. December E-mini S&P futures (ESZ25 ) rose +0.09%, and December E-mini Nasdaq futures (NQZ25 ) rose...

Reason

In Tariff Case, Trump's Attorneys Can't Decide if Foreign Investment Is Good or Bad for America

The administration's legal brief reveals a critical contradiction in Trump's trade policies.

Cycling Weekly

'We felt like our backs were up against the wall' – the cycling clothing company taking on Trump's tariffs

Terry Precision Cycling, along with other small businesses, will attend the Supreme Court on Wednesday

Barchart

Stocks See Support From M&A and AI Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.08% the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.55%. December E-mini S&P futures (ESZ25 ) are up +0.16%, and December E-mini Nasdaq futures...

Euronews

US tariffs: Supreme Court may curb Trump’s favourite trade weapon

The Supreme Court could restrict Trump’s use of tariffs, challenging his unprecedented trade strategy.

Roll Call

Trump's tariff regime case could reshape Congress' taxing power - Roll Call

The Supreme Court will hear oral arguments Wednesday over whether a law allows President Donald Trump to implement a worldwide tariff regime.

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