In a significant decision, the United States Supreme Court has declared that former President Donald Trump’s implementation of global tariffs was unlawful, raising critical questions about the extent of presidential powers under the International Emergency Economic Powers Act (IEEPA). The 6–3 ruling emphasizes the court’s interpretation of the law, indicating that while the President can…
The recent ruling by the United States Supreme Court regarding the legality of President Donald Trump’s global tariffs underscores a significant shift in the landscape of trade policy and executive authority. As the court scrutinizes the president’s use of emergency powers, the implications of this decision reverberate not just through businesses but also raise critical…
OpenAI has partnered with India’s Tata Group to secure 100 megawatts of AI-ready data center capacity in the country, with plans to scale to 1 gigawatt. The move is part of a broader push to deepen the company’s enterprise and infrastructure footprint in one of its fastest-growing markets. OpenAI announced on Thursday that the partnership…
Nowadays the major airlines in the United States earn much of their profits from their loyalty programs, and in particular, their co-branded credit card businesses. Even though the “big three” carriers are already raking in billions per year from these programs, they still see a lot of upside. As a result, a lot of the…
Tensions remain high in the region as violence continues to escalate, particularly with recent incidents involving Israeli strikes on Lebanese territory, impacting Palestinian communities. The complexities of the Israeli-Lebanese relationship, shaped by historical grievances and the presence of armed groups, often lead to tragic consequences, including civilian casualties. Understanding the broader context of repeated hostilities…
In a significant legal development, the U.S. Supreme Court has invalidated former President Donald Trump’s controversial use of a national emergency declaration, which he employed to implement extensive global tariffs. This ruling not only underscores the balance of power within the federal government but also emphasizes the court’s role in protecting domestic and international trade…
NEW DELHI, Feb 19 (Reuters) – OpenAI will become the first customer of India’s Tata Consultancy Services’ data centre business, beginning with 100 megawatts of capacity, part of the global AI infrastructure initiative Stargate, the companies said. Stargate is a $500 billion multi-year initiative to build AI data centres for training and inference, backed by…
I was secretary of labor 30 years ago when the U.S. economy was producing an average of 200,000 new jobs a month. I remember holding news conferences on “jobs days” each month. I felt confident about the strength of the economy. What worried me then was that the new jobs didn’t pay well. (A disgruntled…
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FUNDAMENTAL OVERVIEW The Nasdaq failed to rally on the slightly soft US CPI report last Friday and continued to range. We now have another major risk for the market as a potential US-Iran war could trigger a big selloff. In fact, we got a report from Axios yesterday suggesting that a war between the U.S….
Walmart’s stock has more than doubled in the past two years, driving its market capitalisation above $1tn © Reuters Walmart has lost its crown as the world’s largest company by sales to Amazon despite reporting record annual revenues. The US retailer reported sales of $190.7bn in its fourth quarter, up 5.6 per cent year on…
In recent events unfolding in Venezuela, the struggle for political freedom remains a precarious journey, even following the release of prominent opposition figures. The challenges faced by former political prisoners like Jesus Armas and Juan Pablo Guanipa spotlight an enduring climate of fear and repression, raising questions about the government’s true commitment to reform. As…
Blue Owl’s announcement came as part of a $1.4bn sale of credit assets across three of its funds © FT montage/Dreamstime Private credit group Blue Owl will permanently restrict investors from withdrawing their cash from its inaugural private retail debt fund, backtracking from an earlier plan to reopen to redemptions this quarter. The New York…
Bitcoin trading remained volatile on Thursday, rising to around $67,000 after briefly dipping near $65,900, as traders weighed a new message from U.S. President Donald Trump claiming the nation’s trade deficit has been cut by 78% thanks to tariffs and could turn positive later this year. “The United States trade deficit has been reduced by…
US President Donald Trump, centre, has increasingly sought to present the ‘Board of Peace’ as an alternative to the UN © Jonathan Ernst/Reuters JPMorgan Chase is in talks to provide banking services to the “Board of Peace”, the US-led institution tasked with rebuilding Gaza that Donald Trump is seeking to position as a rival to…
WASHINGTON (AP) — Tariffs paid by midsize U.S. businesses tripled over the course of past year, new research tied to one of America’s leading banks showed on Thursday — more evidence that President Donald Trump ‘s push to charge higher taxes on imports is causing economic disruption. The additional taxes have meant that companies that…
In a pivotal moment for international sports, the decision by the International Paralympic Committee (IPC) to allocate ten slots for athletes from Russia and Belarus has ignited controversy, particularly in the context of ongoing tensions arising from the conflict in Ukraine. This decision, allowing athletes to compete under their national flags at the upcoming Milano…
The recent news surrounding former British prince Andrew Mountbatten-Windsor highlights the complex interplay of public scrutiny, scandal, and legacy within royal families. As he becomes the first British royal in over three centuries to face arrest, this situation reignites discussions regarding accountability and the evolving expectations of historical institutions in a modern context. This arrest…
Federal Reserve Governor Michael S. Barr issued a stark warning on Tuesday regarding the potential trajectory of artificial intelligence, outlining a scenario where rapid technological advancement will create a “jobless boom” that leaves a significant portion of the population “essentially unemployable.” Speaking before the New York Association for Business Economics on Feb. 17, Barr discussed…
Parent Current By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (50 U.S.C. 4501 et seq.) (the “Act”), and section 301 of title 3, United States Code, it is hereby ordered: Section 1. Policy and…
President Donald Trump speaks with reporters aboard Air Force One, Monday, Feb. 16, 2026, en route to Washington from West Palm Beach, Fla. (AP Photo/Matt Rourke) President Donald Trump’s Commodity Futures Trading Commission Chairman Brian Selig elicited a stern reply from Utah Governor Spencer Cox (R) this week when he promised to stop state governments…
787 Dreamliner operator places first Boeing single-aisle order as part of its growth strategy Versatile 737-8 jets will expand Vietnam’s short- and medium-haul network amid rising travel demand WASHINGTON, Feb. 18, 2026 /PRNewswire/ — Boeing [NYSE: BA] and Vietnam Airlines announced today the Vietnamese flag carrier finalized its first Boeing single-aisle order for 50 737…
Traders work on the floor of the New York Stock Exchange at the opening bell, Feb. 18, 2026. Angela Weiss | Afp | Getty Images Stocks fell on Thursday, leaving the S&P 500 near the flat line for the year, as investors shifted away from financials and monitored simmering tensions between the U.S. and Iran….
Amid escalating tensions in the Middle East, the United States is ramping up its military presence in the region, positioning a plethora of advanced aircraft and naval assets as negotiations with Iran intensify over its nuclear program. As global leaders strive for stability, the deployment reflects not just military strategy, but also the intricate dance…
A survey of almost 6,000 corporate execs across the US, UK, Germany, and Australia found that more than 80 percent detect no discernible impact from AI on either employment or productivity. The study from the National Bureau of Economic Research (NBER) in Massachusetts is based on input from CFOs, CEOs, and executives at enterprises of…
New Brunswick, N.J. – FEBURARY 18, 2026 – Johnson & Johnson (NYSE: JNJ) (the “Company”), healthcare’s leading, most comprehensive innovation powerhouse, today announced a more than $1 billion investment in a next generation cell therapy manufacturing facility in Montgomery County, Pennsylvania. This new facility will further expand the Company’s U.S. manufacturing capacity as it advances…
A top White House economic official on Wednesday blasted independent research on tariffs, dismissing its findings as inaccurate and misleading. After the New York Federal Reserve released a blog post last week that found Americans are eating the supermajority (90%) of the cost of President Donald Trump’s tariffs, White House National Economic Council Director Kevin…
February 18, 2026 4:05pm EST Enhances eBay’s consumer-to-consumer (C2C) value proposition through addition of leading fashion marketplace with compelling complementary offering and deeply engaged Gen Z and Millennial customer base Etsy to focus exclusively on driving sustainable growth for its core marketplace SAN JOSE, Calif., and BROOKLYN, N.Y., February 18, 2026 — eBay Inc. (Nasdaq:…
Evo Morales, the former president of Bolivia and a significant figure in socialist politics in Latin America, has made a public return to his stronghold in the Chapare region following a prolonged absence that stirred speculation about his safety and political future. His reappearance coincides with ongoing tensions in the region, particularly following the recent…
In recent months, the landscape of southern Yemen has shifted dramatically, reflecting the complex interplay of military control and political dynamics that characterize the region. The intricate web of security structures, which includes both state-affiliated units and groups emerging from the conflict, underscores the pressing need for a coherent strategy to manage and unify these…
![U.S. Launch of VW’s Scout Motors Might Be Delayed [Updated] – The Drive](https://www.thedrive.com/wp-content/uploads/2026/02/Scout_Traveler_Front-34-copy.jpg?w=1200 "U.S. Launch of VW’s Scout Motors Might Be Delayed [Updated] – The Drive")
The biggest car news and reviews, no BS Our free daily newsletter sends the stories that really matter directly to you, every weekday. Update: Wednesday, February 18, 2026 2:40 p.m. ET: A Scout Motors representative told The Drive that the company is still targeting “initial production” in 2027, but did not explicitly rule out the…
At their most recent meeting, Federal Reserve officials discussed scenarios in which an interest rate hike might be appropriate, according to minutes of it released Wednesday. “Several” Fed officials thought there was a “possibility that upward adjustments” to interest rates “could be appropriate” if inflation continues to track above 2%, as it has for nearly…
Zuckerberg repeatedly fell back on accusing Lanier of “mischaracterizing” his previous statements. When it came to emails, Zuckerberg typically objected based on how old the message was or his lack of familiarity with the Meta employees involved. “I don’t think so, no,” he replied when directed to clarify whether he knew Karina Newton, Instagram’s head…