Author: Editor

President Donald Trump’s appetite for new tariffs remains undeterred, even after a pair of court decisions hit his signature duties with their most devastating blow yet. White House officials quickly signaled Thursday that Trump will aggressively pursue legal challenges and, if they fail, move forward with many of the same levies through other authorities.The administration said it would go to the U.S. Supreme Court as soon as Friday if a federal appeals court does not keep the initial order from taking effect while its appeal continues. The Court of International Trade on Wednesday blocked the president’s sweeping global tariffs, citing his…

2025 Jeep Cherokee SUVStellantisDETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand’s turnaround when it arrives later this year.The Stellantis brand said the new midsize SUV will feature a hybrid powertrain option but declined to specify if it would be a traditional hybrid or plug-in hybrid electric vehicle (PHEV), which the company currently offers on several SUVs.”The all-new Jeep Cherokee headlines our efforts to deliver more product, innovation, choice and standard content to customers than ever before,” Jeep CEO Bob Broderdorf said in a…

Morgan Stanley denied allegations by the Dutch Public Prosecution Service that it evaded tax on almost $1 billion worth of dividends more than a decade ago.According to the Dutch Public Prosecution Service, an Amsterdam-based subsidiary of a foreign bank filed five corporation tax returns between 2009 and 2013. The returns offset €124 million ($140 million) in tax relating to a total of €825 million in dividends paid on listed Dutch shares, the public prosecution service said in a statement Wednesday without identifying the bank. The prosecutor holds the European parent company and an employee involved at the time responsible.Morgan Stanley…

U.S. executives are shifting to long-term U.S.-focused strategies to deal with the volatility of the first months of the Trump administration, according to a new survey released Thursday by PricewaterhouseCoopers.PwC’s May 2025 Pulse Survey polled a group of 678 U.S. executives, including CFOs, finance leaders, tax leaders, chief audit executives and others, about the impact of the first 100 days of the Trump administration. It found that 48% of the business executives polled believe uncertainty will ease within a year — while others expect it to last longer, potentially through the next election. One-third (32%) of the executives surveyed expect more…

The vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the U.S. trade court, dealing a major blow to a pillar of his economic agenda.A panel of three judges at the U.S. Court of International Trade in Manhattan issued a unanimous ruling Wednesday which sided with Democratic-led states and small businesses that accused Trump of wrongfully invoking an emergency law to justify the bulk of his levies. The court gave the administration 10 days to “effectuate” its order, but didn’t spell out any steps it must take to unwind the tariffs.The order applies to Trump’s…

Boeing Co. 737 Max fuselages at the company’s manufacturing facility in Renton, Washington, on April 15, 2025.Bloomberg | Bloomberg | Getty ImagesBoeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.Ortberg had said last month that China had paused deliveries.”China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.Boeing,…