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The court ruling that blocked much of President Donald Trump’s sweeping tariffs threatens to blow what some economists estimate as a $2 trillion hole into the U.S. fiscal outlook over the coming decade, should the judgment stay in place. The ruling could also present a new obstacle for Republicans who are relying on the revenue to help offset the cost of a roughly $4 trillion tax cut moving through Congress. “At face value, this ruling will take away billions of dollars of prospective tariff revenue” annually, said Douglas Elmendorf, a Harvard Kennedy School professor and former director of the Congressional Budget Office…

Key PointsSummer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%.Some renters may be holding out for better deals or waiting to book, but brokers privately say there are other factors at play.A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight…

American Airlines new business-class suite.American AirlinesDALLAS — Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. airlines are duking it out for international business-class dominance. There are even differences between seats in the same cabin.Next week, American Airlines plans to start flying its upgraded business-class “suites” that feature today’s premium-class must-have — a sliding door — and other features like a “trinket tray” and a wireless charging pad.Within the cabins on its subset of Boeing Dreamliners, which American is calling the 787-9P (the P stands for premium), there will be eight “Preferred” suites that the airline…