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By MAE ANDERSON and ANNE D’INNOCENZIO

NEW YORK (AP) — Businesses rattled by President Donald Trump’s on again, off again tariffs absorbed more jolts on Thursday after a U.S. appeals court temporarily blocked a federal court order that would have halted most of his taxes on foreign imports.

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A three-judge panel of the U.S. Court of International Trade ruled late Wednesday that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency as justification for his wide-ranging tariffs. read more

Northrop Grumman and Firefly Aerospace have given a name to the future medium-lift rocket they plan to build: Eclipse.

The two companies are already partnered to help shepherd a new version of Northrop Grumman’s Antares rocket, which has not flown since 2023 when the company used the last of its supply of Russian-made engines for the rocket’s first stage.

A new version of the rocket called the Antares 330 will use seven of Texas-based Firefly’s Miranda engines on a redesigned first-stage the company is also developing. Firefly’s work on Antares 330 is flowing right into the design of the the larger Eclipse rocket.

Northrop Grumman, which is headquartered in West Falls Church, Virginia but has facilities all over the nation including in Florida, announced it was investing a further $50 million into Firefly’s development of Eclipse.

The new rocket, which won’t debut until at least 2026, aims to support space station resupply missions, commercial spacecraft, national security missions and scientific payloads for domestic and international markets, according to a joint press release from the two companies. read more

By WYATTE GRANTHAM-PHILIPS, Associated Press

NEW YORK (AP) — Victoria’s Secret has taken down its U.S. website and says some in-store services will also be unavailable as it addresses a “security incident.”

A message to customers remained in place of the popular lingerie brand’s normal shopping site Thursday, stating that it had halted these operations “as a precaution.”

“Our team is working around the clock to fully restore operations,” the message read.

Ohio-based Victoria’s Secret did not provide many details about the “security incident,” or directly confirm whether it was a cyber or ransomware attack. When asked for further information Thursday, a spokesperson just said that the company “immediately enacted our response protocols” and has engaged with third-party experts.

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By Erin El Issa, NerdWallet

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.

Banking misconceptions abound, according to a new NerdWallet survey. The survey of more than 2,000 U.S. adults, conducted online by The Harris Poll, found that some Americans believe common myths about bank security, interest rates and fees, and where money should be saved for financial goals. But understanding the basics of where you keep your money can keep these myths from costing you.

Myth #1: Online banks aren’t safe

According to the survey, more than a third of Americans (36%) mistakenly believe online-only bank accounts are less secure than brick-and-mortar bank accounts. This misconception is more likely to be held by younger Americans — 50% of Gen Zers (ages 18-28) and 43% of millennials (ages 29-44) believe this myth, compared to just 27% of Gen Xers (ages 45-60) and 28% of baby boomers (ages 61-79). read more

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.

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Powell told Trump that the central bank would make decisions about the short-term interest rate it controls “based solely on careful, objective, and non-political analysis.” The Fed’s rate typically influences borrowing costs across the economy, including for mortgages, car loans, and business borrowing. read more