Latest news with #appealsCourt
Yahoo
11-06-2025
- Business
- Yahoo
Appeals Court Keeps Trump's Sweeping Tariffs in Place for Now
A federal appeals court on Tuesday granted the Trump administration's request to keep the president's far-reaching tariffs in effect for now but agreed to fast track its consideration of the case this summer. The U.S. Court of Appeals for the Federal Circuit extended its earlier temporary pause of a trade court decision that found Trump exceeded his powers in imposing the tariffs. The appeals court said it intends to hear arguments on July 31, which means the tariffs likely will remain in effect for at least the next two months.
Bloomberg
30-05-2025
- Business
- Bloomberg
Gold Holds Gain as Fresh Trade Uncertainty Stokes Haven Demand
Gold recovered some heavy losses sustained earlier this week, as markets were once again rattled by uncertainties around US President Donald Trump's global tariffs agenda and the strength of the US economy. The precious metal traded near $3,314 an ounce, following a gain of nearly 1% on Thursday after a federal appeals court offered Trump a temporary reprieve from a ruling threatening to throw out the bulk of his tariff agenda. A weakening dollar also helped, driven by growing fiscal risks and renewed political pressure on the Federal Reserve to lower interest rates.
ABC News
29-05-2025
- Business
- ABC News
Live market updates: Tariff appeal ruling fails to dent US share gains, but ASX set to dip
US stocks gained despite an appeals court ruling that has, at least temporarily, reinstated the Trump administration's Liberation Day tariffs on virtually every nation. Nvidia was one of the leading stocks, because the chip maker's earnings beat expectations when released after the market had closed yesterday. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice.
The Verge
07-05-2025
- Business
- The Verge
FTC loses appeal to stop Microsoft's Activision Blizzard deal that already happened
The Federal Trade Commission (FTC) has lost its appeal of a ruling in its case against Microsoft's $68.7 billion acquisition of Activision Blizzard. In 2023, the FTC requested a preliminary injunction to prevent the companies from finalizing the deal while its legal challenge to the acquisition from 2022 was in progress. 'With control of Activision's content, Microsoft would have the ability and increased incentive to withhold or degrade Activision's content in ways that substantially lessen competition – including competition on product quality, price, and innovation,' the FTC said in its complaint. A district court judge denied the FTC's request, and a day after that ruling, the FTC appealed. The deal was completed in October 2023, nearly two years after the acquisition was first announced. Today, an appeals court panel affirmed that denial, as reported by Reuters. In its opinion, the panel says that 'given the FTC's failure to make an adequate showing as to its likelihood of success on the merits as to any of its theories, the district court properly denied the FTC's motion for a preliminary injunction on that basis.' The deal is still 'the subject of an administrative proceeding that remains pending before the FTC,' according to today's opinion.
