Things To Do In SW Florida

By LINDSAY WHITEHURST, Associated Press

WASHINGTON (AP) — The Supreme Court struck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a stinging loss that sparked a furious attack on the court he helped shape.

Trump said he was “absolutely ashamed” of some justices who ruled 6-3 against him, calling them “disloyal to our Constitution” and “lapdogs.” At one point he even raised the specter of foreign influence without citing any evidence.

The decision could have ripple effects on economies around the globe after Trump’s moves to remake post-World War II trading alliances by wielding tariffs as a weapon.

But an unbowed Trump pledged to impose a new global 10% tariff under a law that’s restricted to 150 days and has never been used to apply tariffs before.

“Their decision is incorrect,” he said. “But it doesn’t matter because we have very powerful alternatives.”

The court’s ruling found tariffs that Trump imposed under an emergency powers law were unconstitutional, including the sweeping “reciprocal” tariffs he levied on nearly every other country. read more

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Financial planners often say you can pull two basic levers to improve your financial life: earn more money or spend less.

Related Articles

• 
  Trump has other tariff options after Supreme Court strikes down his worldwide import taxes

• 
  Supreme Court strikes down Trump’s sweeping tariffs, upending central plank of his economic agenda

• 
  US economic growth weaker than thought in fourth quarter with government shutdown, consumer pullback

• 
  Inflation rose more quickly than expected in December

• 
  Social media companies face legal reckoning over mental health harms to children

For people trying to grow their net worth, earning more than one paycheck might seem like the best path forward.

According to Fiverr’s Next Gen of Work survey, 67% of Gen Zers say that having two or more income streams, or “income stacking,” is essential for financial security. read more

By CHRISTOPHER RUGABER and MATT OTT, AP Economics Writers

WASHINGTON (AP) — U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending.

The nation’s gross domestic product — the total output of goods and services — increased at a 1.4% annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4% in the July-September quarter and 3.8% in the quarter before that.

Related Articles

• 
  Trump has other tariff options after Supreme Court strikes down his worldwide import taxes

• 
  Supreme Court strikes down Trump’s sweeping tariffs, upending central plank of his economic agenda

• 
  Is ‘income stacking’ a good way to build wealth?

• 
  Inflation rose more quickly than expected in December

• 
  Social media companies face legal reckoning over mental health harms to children

The figures point to a more modest pace of growth in the coming quarters, as consumers take on more debt and cut back on saving to maintain their spending. Business investment, outside data centers and other equipment dedicated to artificial intelligence, grew at only a moderate pace. read more

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer — and faster than the Federal Reserve’s target of 2% a year.

Prices rose 0.4% in December from the previous month, up from 0.2% in November, the Commerce Department said Friday in a report that was delayed by the six-week government shutdown last fall. The monthly increase was the highest since last February. Compared with a year ago, inflation rose 2.9% in December, up from 2.8% in November. That is the largest yearly increase since March 2024.

Related Articles

Trump has other tariff options after Supreme Court strikes down his worldwide import taxes

Supreme Court strikes down Trump’s sweeping tariffs, upending central plank of his economic agenda

Is ‘income stacking’ a good way to build wealth?

US economic growth weaker than thought in fourth quarter with government shutdown, consumer pullback read more

By BARBARA ORTUTAY, AP Technology Writer

For years, social media companies have disputed allegations that they harm children’s mental health through deliberate design choices that addict kids to their platforms and fail to protect them from sexual predators and dangerous content. Now, these tech giants are getting a chance to make their case in courtrooms around the country, including before a jury for the first time.

Some of the biggest players from Meta to TikTok are facing federal and state trials that seek to hold them responsible for harming children’s mental health. The lawsuits have come from school districts, local, state and the federal government as well as thousands of families.

Two trials are now underway in Los Angeles and in New Mexico, with more to come. The courtroom showdowns are the culmination of years of scrutiny of the platforms over child safety, and whether deliberate design choices make them addictive and serve up content that leads to depression, eating disorders or suicide. read more