Latest Business News
US Supreme Court Strikes Down Most Trump Tariffs
The US Supreme Court ruled that President Trump exceeded authority under the 1977 economic emergency powers act, invalidating many tariffs and easing import cost fears. US stocks rallied with S&P 500 up 0.69% to 6,909.51, Nasdaq +0.9%, and Dow +0.47%.
Trade-exposed shares like Amazon surged over 2%.
White House Announces New 10% Global Tariff
Following the court ruling, the White House introduced a new 10% global tariff under alternative legislation, injecting uncertainty into markets. Australian shares eye cautious open despite initial 0.2% gain signals.
US Trade Rep assures existing deals with EU, China remain in force.
US Q4 GDP Growth Disappoints at 1.4%
US economy expanded 1.4% in Q4 2025, below 2.5% forecast, impacted by government shutdown per Commerce Dept. Core PCE inflation steady at 3%, above Fed's 2% target.
Data contributed to initial Dow decline before recovery.
US Stocks Snap Losing Streaks on Trade Ruling
S&P 500 weekly gain 1.1%, Nasdaq 1.5% ending five-week skid, Dow +0.3%. Retailers Home Depot, Five Below advanced on tariff relief outlook.
Uncertainty lingers on potential tariff refunds.
ASX Braces for Volatile Open Amid US Trade Shifts
Australian market set for cautious Monday start as investors assess new US tariffs. Focus on reporting season with Ampol, Lendlease, NIB results due.
Global eyes Nvidia earnings for tech sentiment.
US Trade Deals Remain Intact Post-Ruling
US official confirms trade agreements with EU, China and partners unaffected by Supreme Court tariff decision. Trade Rep Jamieson Greer emphasized ongoing talks for good deals.
Partners expected to uphold commitments.
Wine Importer Celebrates Tariff Lawsuit Victory
Importer who sued over tariffs hails Supreme Court win as 'proud to be American' moment. Ruling impacts shoppers and businesses by potentially lowering costs.
Previously collected tariffs' refund status unclear.
McMillan Shakespeare Posts 9.7% Half-Year Profit Rise
Australian firm McMillan Shakespeare reports 9.7% increase in half-year results. Announcement amid busy local reporting week.
Contributes to ASX caution with US trade news.
Housing Market Shows Glimmers of Hope
US housing offers optimism as mortgage rates fall over a percentage point since January. Analysts note market on 'right path' amid broader economic slowdown.
Ties into softer GDP growth picture.
Davos 2026 Highlights Global Economic Fragmentation
WEF Davos signals shift from convergence to managing division in global economy. Focus on de-risking, AI productivity with uneven gains, rising political risks.
Impacts trade, tech, finance policies.
Social Media Firms Face Child Mental Health Lawsuits
Companies encounter legal challenges over harms to children, with Zuckerberg testifying in key trial. Spotlights Section 230 legal shield debates.
Bipartisan criticism grows on platform responsibilities.
Oil Prices Surge on US-Iran Tensions
Oil advances amid US military buildup in Middle East, fears of attack on Iran. Adds to global market volatility with trade uncertainties.
Energy sector sensitive to geopolitical risks.