logo
Trump news at a glance: president boasts of ‘monumental' win after supreme court curtails power of federal judges

Trump news at a glance: president boasts of ‘monumental' win after supreme court curtails power of federal judges

Yahoo13 hours ago

Donald Trump has hailed a supreme court decision to limit federal judges' powers to block his orders on a nationwide basis as a 'monumental victory' and vowed to 'promptly file to proceed' with key policies – including banning birthright citizenship.
The supreme court ruling on Friday, written by the conservative justice Amy Coney Barrett, did not let Trump's policy seeking a ban on birthright citizenship go into effect immediately and did not address the policy's legality.
Trump celebrated the ruling as vindication of his broader agenda to roll back judicial constraints on executive power. 'Thanks to this decision, we can now promptly file to proceed with numerous policies that have been wrongly enjoined on a nationwide basis,' Trump said from the White House press briefing room. 'It wasn't meant for people trying to scam the system and come into the country on a vacation.'
US attorney general Pam Bondi said the birthright citizenship question would 'most likely' be decided by the supreme court in October.
Here is more on this and other key US politics stories from today:
The US supreme court has supported Donald Trump's attempt to limit district judges' power to block his orders on a nationwide basis, in an emergency appeal related to the birthright citizenship case but with wide implications for the executive branch's power. The court's opinion on the constitutionality of whether some American-born children can be deprived of citizenship remains undecided and the fate of the US president's order to overturn birthright citizenship rights was left unclear.
Read the full story
The president has announced he is ending trade talks with Canada, one of the US's largest trading partners, accusing it of imposing unfair taxes on US technology companies in a 'direct and blatant attack on our country'.
The news came hours after the US had announced a breakthrough in talks with China over rare-earth shipments into America, and announcements from top officials that the US would continue trade negotiations beyond a 9 July deadline set by Trump.
Read the full story
The US supreme court has ruled that a key provision of 'Obamacare', formally known as the Affordable Care Act, is constitutional. The case challenged how members of an obscure but vital healthcare committee are appointed.
Read the full story
More than half a million Haitians are facing the prospect of deportation from the US after the Trump administration announced that the Caribbean country's citizens would no longer be afforded shelter under a government program created to protect the victims of major natural disasters or conflicts.
Read the full story
A Honduran woman who sought asylum in the US is suing the Trump administration after immigration agents arrested her and her children, including her six-year-old son, who was diagnosed with leukemia, at a Los Angeles immigration court.
Read the full story
The governor of California, Gavin Newsom, has sued Fox News for defamation and demanded $787m, almost exactly the same amount Fox paid in a previous defamation case over election misinformation.
In the new lawsuit, filed on Friday, Newsom accuses the Fox host Jesse Watters of falsely claiming Newsom lied about a phone call with Donald Trump, who recently ordered national guard troops into Los Angeles.
Read the full story
The US defense secretary, Pete Hegseth, has formally announced that the US navy supply vessel named in honor of the gay rights activist Harvey Milk is to be renamed after Oscar V Peterson, a chief petty officer who received the congressional Medal of Honor for his actions in the battle of the Coral Sea in the second world war.
Read the full story
Edward Coristine – a 19-year-old who quit Elon Musk's controversial so-called 'department of government efficiency' (Doge) earlier this week, where he gained notoriety in part for having used the online moniker 'Big Balls' – has in fact been given a new government job, this time at the Social Security Administration.
Read the full story
The US supreme court ruled that a Texas law requiring that pornography websites verify the ages of their visitors was constitutional on Friday, the latest development in a global debate over how to prevent minors from accessing adult material online.
In a bizarre start to a Rwanda-DRC peace agreement event at the White House, Donald Trump brought on an Angolan correspondent so she would praise him in front of the assembled officials and reporters. Hariana Veras praised Trump for his work on the peace agreement and said African presidents have told her he should be nominated for a Nobel peace prize.
The president of the University of Virginia, James Ryan, has resigned from his position after coming under pressure from the Trump administration over diversity efforts.
Harvard University and the University of Toronto and have announced a plan that would see some Harvard students complete their studies in Canada if visa restrictions prevent them from entering the US.
Environmental groups, immigration rights activists and a Native American tribe have decried the construction of a harsh outdoor migrant detention camp in the Florida Everglades billed by state officials as 'Alligator Alcatraz'.
Catching up? Here's what happened on .

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

James R. Calhoun (Rob) July 8, 1941 - June 23, 2025 Rob was
James R. Calhoun (Rob) July 8, 1941 - June 23, 2025 Rob was

Yahoo

time25 minutes ago

  • Yahoo

James R. Calhoun (Rob) July 8, 1941 - June 23, 2025 Rob was

Jun. 28—James R. Calhoun (Rob) July 8, 1941 — June 23, 2025 Rob was born on July 8, 1941 in Owensboro, Kentucky to the late Everett Calhoun and Pauline Payne-Calhoun and passed away peacefully on June 23, 2025 in Chandler, Arizona surrounded by his loving family. He was also preceded in death by brothers Rev. Gerald "Jerry" Calhoun, Sherrell Calhoun, James Henry Calhoun, Julian Calhoun and sisters Juanita Riney, Lucy Sthrel, and Martha Warren. Rob attended Catholic grade school, high school, and college in Owensboro, Kentucky. After college, he moved to Arizona where he was employed as Director of Restaurant Sales for a national bakery company. Through connections made there, he purchased a fast-food restaurant operation in Albuquerque, New Mexico. He grew that first business to five restaurants, a restaurant equipment sales and rental company, and a Coca Cola Distributing Company. Rob's final venture was a Business Brokerage and Commercial Real Estate Company in Albuquerque, New Mexico. Rob had a love of boating, fishing, and traveling in his RV. Rob was past President of the Evening Optimist Club of Albuquerque where he received an award for Optimist of the Year and was awarded as Life Member to Optimist International. He was also past President of ASEGA (Albuquerque Sales and Economic Growth Association) and he was a member of the EAGA (Executive Association of Greater Albuquerque), and a Fourth Degree Knight of Columbus at St. Juan Diego Catholic Church in Chandler, Arizona. He is survived by his wife Margie Moore-Calhoun, daughters Kathy Morris (Jerry) of Mesa, AZ, Christy Calhoun-Anderson (David) of Albuquerque, NM, Cindy Calhoun of Albuquerque, NM, and sons Tim Calhoun of Albuquerque, NM, Daniel Calhoun (Christina) of Prescott, AZ, and Sean Calhoun (Melissa) of Albuquerque, NM, and three grandchildren Cassie Kaplan, Payton Calhoun, and Lennon Calhoun. Memorial contributions may be made to the Knights of Columbus, Father Louis Anthony Sigman, Council 16277, St. Juan Diego Catholic Church, 3200 S. Cooper Road, Chandler, AZ 85286. A Memorial Mass will be held Friday, July 11, 2025, at 10:00 a.m. at St. Juan Diego Catholic Church, 3200 S. Cooper Road, Chandler, AZ 85286, followed by a reception at IronOaks Country Club at the Poolside Community Center, 24211 S. Oakwood Boulevard, Sun Lakes, AZ 85248. Condolences may be expressed at

US Steel buyout gives Trump a new power: What about future presidents?
US Steel buyout gives Trump a new power: What about future presidents?

Yahoo

time29 minutes ago

  • Yahoo

US Steel buyout gives Trump a new power: What about future presidents?

President Donald Trump will control the so-called 'golden share' that's part of the national security agreement under which he allowed Japan-based Nippon Steel to buy out American steelmaker US Steel. That's according to disclosures filed with the US Securities and Exchange Commission. The provision gives the president the power to appoint a board member and have a say in company decisions that affect domestic steel production and competition with overseas producers. Under the provision, Trump — or someone he designates — controls that decision-making power while he is president. However, control over those powers reverts to the Treasury Department and the Commerce Department when anyone else is president, according to the filings. The White House responded in a statement that the share is 'not granted to Trump specifically, but to whoever the president is". Officials were asked why Trump will directly control the decision-making and why it goes to the Treasury and Commerce departments under future presidents. Still, the wording of the provision is specific to Trump. It lists what decisions cannot be made without 'the written consent of Donald J. Trump or President Trump's Designee' at 'any time when Donald J. Trump is serving as President of the United States of America' or 'at any other time, the written consent of the CMAs', a contractual term for the Treasury and Commerce departments. Nippon Steel's nearly $15 billion buyout of Pittsburgh-based US Steel became final last week, making US Steel a wholly-owned subsidiary. Trump has sought to characterise the acquisition as a "partnership" between the two companies after he at first vowed to block the deal — as former President Joe Biden did on his way out of the White House — before changing his mind after he became president. Related Nippon Steel finalises US Steel takeover after state opposition President Trump orders review into Nippon Steel's bid for US Steel The national security agreement became effective 13 June and is between Nippon Steel, as well as its American subsidiary, and the federal government, represented by the departments of Commerce and Treasury, according to the disclosures. The complete national security agreement hasn't been published publicly, although aspects of it have been outlined in statements and securities filings made by the companies, US Steel said Wednesday. The pursuit by Nippon Steel dragged on for a year and a half, weighed down by national security concerns, opposition by the United Steelworkers, and presidential politics in the premier battleground state of Pennsylvania, where US Steel is headquartered. The combined company will become the world's fourth-largest steelmaker in an industry dominated by Chinese companies, and bring what analysts say is Nippon Steel's top-notch technology to US Steel's antiquated steelmaking processes. That's on top of a commitment to invest $11bn to upgrade US Steel facilities. The potential that the deal could be permanently blocked forced Nippon Steel to sweeten the deal. That included upping its capital commitments in US Steel facilities and adding the golden share provision, giving Trump a veto power on specific matters and the right to appoint an independent director. Those matters include reductions in Nippon Steel's capital commitments in the national security agreement; changing US Steel's name and headquarters; closing or idling US Steel's plants; transferring production or jobs outside of the US; buying competing businesses in the US; and certain decisions on trade, labour and sourcing outside the US.

Nike stock price: Why shares are rising despite the shoe giant's revenue decline and serious tariff warning
Nike stock price: Why shares are rising despite the shoe giant's revenue decline and serious tariff warning

Yahoo

time29 minutes ago

  • Yahoo

Nike stock price: Why shares are rising despite the shoe giant's revenue decline and serious tariff warning

Shares in Nike, Inc. (NYSE: NKE) are trading much higher this morning after the company announced its Q4 2025 results. Yet those results saw Nike post some of its worst earnings in a while, along with a warning that President Trump's tariffs would cost the company $1 billion in the near term. He was buried in a mushroom casket. Soon he'll be part of the soil CEO of an $11 billion builder empire warns that these housing markets face a short-term oversupply Lifting the veil on the critical—and oft-times overlooked—factors driving AI growth Here's what you need to know about Nike's latest earnings and why the stock is up. Yesterday, the iconic shoemaker announced its Q4 2025 and full-year fiscal 2025 earnings. The results weren't great. For fiscal 2025, Nike reported full-year revenues of $46.3 billion—a 10% decline from fiscal 2024. The company's Q4 2025 revenues totaled $11.1 billion—down 12% from the same quarter a year earlier. The company also posted an earnings per share of 14 cents for its Q4. That EPS was down significantly from the 99 cents the company posted in the same quarter a year earlier. However, perhaps most alarming was the fact that Nike confirmed it would take a $1 billion hit in its current 2026 fiscal year due to the tariffs imposed by President Trump on countries worldwide. The two countries where Nike makes a significant amount of its goods are China and Vietnam. Earlier this year, Trump placed a 46% tariff on goods manufactured in Vietnam and a triple-digit rate on goods made in China. He later reduced both rates, temporarily, to 10% and 30% respectively. Still, Nike chief financial officer Matt Friend said on Nike's earnings call that the tariffs currently in place will result in a 'new and meaningful' cost to Nike, notes CNBC, adding that the company estimates that 'a gross incremental cost increase to Nike of approximately $1 billion.' You would think that Nike's warning of up to $1 billion in tariff-related costs and its pretty dismal Q4 results would send the stock down, not up. But NKE stock is currently up, and significantly, as of the time of the writing. In premarket trading, NKE shares are currently up over 10% to $68.85. There are a few likely reasons for this. First is that, while Nike's Q4 wasn't anything to write home about, the company actually came in above most Wall Street estimates. Analysts had expected Nike to have a pretty poor quarter already, and indeed, as noted by CNBC, Nike had previously said its Q4 would be the low point of its turnaround. This turnaround involves Nike's pivot to return its focus to athletes and shift away from its recent history of trying to cater to the wider 'lifestyle' segment of the population. The turnaround was initiated after Nike brought in a new CEO, Elliott Hill, last October. For its Q4, analysts had been expecting revenue of $10.72 billion and an EPS of 13 cents. So though Nike's Q4 results were disappointing, especially compared to earlier quarters, its actual revenue of $11.1 billion and adjusted EPS of 14 cents came in above expectations—something investors typically reward. But another reason the stock is likely rising in premarket trading is also related to that $1 billion hit Nike is expecting. Though the company says it expects the 10-figure hit this financial year, CFO Matt Friend also said Nike expects to 'fully mitigate' Trump's tariff costs over time. Nike will mitigate these tariff costs by using a three-pronged approach: adjusting its supply chain sources getting its suppliers to absorb some of the costs raising prices on U.S consumers later this year Despite Nike's 10% price surge this morning, shares in the company are still down significantly for the year. As of yesterday's close, Nike shares were sitting at $62.54—down more than 17% for the year. However, that was still significantly above its April lows of nearly $52 per share after President Trump unleashed his 'Liberation Day' tariffs on the world. Over the past 12 months, Nike's shares were down more than 33% as of yesterday's close. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store