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The U.S. Supreme Court Andrew Harnik/Getty Images hide caption toggle caption Andrew Harnik/Getty Images The U.S. Supreme Court ruled against President Trump on Tuesday, refusing to reinstate, for now, Trump’s ability to send National Guard troops into the state of Illinois over the objections of the governor. The administration argues that it needs to federalize the National Guard in order to stop what Trump has said is unremitting violence against Immigration and Customs Enforcement agents at detention facilities in the Chicago area. But two lower courts ruled against Trump’s claim that the protests in the Chicago area constituted a “rebellion…

Spencer Platt/Getty Images 2025-12-23T20:14:37.968Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. JPMorgan Chase no longer wants to pay Charlie Javice’s legal expenses. The bank claims Javice’s legal bills included excessive charges for food, alcohol, and travel. See a slideshow of some of the zanier expenses at the center of this dispute. Gummy bears, ice cream, cookies, and…

The third-quarter GDP report was a blowout, but don’t expect that to change Mark Zandi’s mind about how the economy is faring. After a long delay due to the government shutdown, the Bureau of Economic Analysis released the latest economic growth data, and it was a lot more upbeat than economists were predicting.According to the Q3 report, the US economy is estimated to have expanded at a 4.3% growth rate during the three-month period, driven by robust consumer and federal spending. Yet, Zandi, the chief economist at Moody’s Analytics, tells Business Insider that he’s still harboring reservations about how things…

U.S. shoppers are willing to spend this holiday season — despite falling consumer confidence and anxiety over prices — but only if the deals are there, Tanger CEO Stephen Yalof told CNBC on Tuesday.”Retailers are discounting to meet the consumer, and the consumer is responding by shopping,” Yalof said on CNBC’s “Money Movers.” Yalof said Tanger tries to offer shoppers access to premium brands at prices that feel consistently compelling. Retailers across the company’s outlet portfolio leaned heavily into promotions during the holidays, helping sustain traffic and sales.Customers are “looking to come into a space where they can buy products at…

He coined “vibe coding” earlier this year. Now, he has something to say about it.Andrej Karpathy led AI at Tesla for five years, steering the company’s Autopilot effort and briefly working on its humanoid robot Optimus. He sandwiched his Tesla job with two stints at OpenAI, making Karpathy a cofounder of the AI pioneer.As 2025 comes to a close, Karpathy published his year-in-review for large language models on X. He reflected on the famous term he originated in February, a term that has since shaken up the software engineering industry.”With vibe coding, programming is not strictly reserved for highly trained…

2025-12-23T18:09:44.994Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. I visited TJ Maxx and Marshalls this holiday season. I found good deals at both stores, but the Marshalls seemed disorganized and had smaller selections. The TJ Maxx I visited had higher-quality products and was more organized. TJ Maxx and Marshalls are two of the best-known discount department stores…

Senator Elizabeth Warren, a Democrat from MassachusettsAl Drago/Bloomberg In a letter to Treasury Secretary and acting Internal Revenue Service commissioner Scott Bessent, 17 Senate Democrats said they have “serious concerns” about the IRS’s readiness for the imminent tax season.Processing ContentAccording to a report by ABC News, the 17 senators, led by Massachusetts’ Elizabeth Warren and Maine’s Angus King (who is an Independent, but caucuses with the Democrats), warned that taxpayers “may face delays and difficulties in filing returns and receiving refunds.” The letter comes after a year in which the IRS has lost as much as 25% of its staff,…

A Southwest Airlines Boeing 737 airplane arrives at Los Angeles International Airport from San Francisco on March 28, 2025 in Los Angeles, California. Kevin Carter | Getty Images News | Getty ImagesSouthwest Airlines’ profits fell 42% in the first nine months of the year compared with the same period in 2024. But its stock has been on a tear.Southwest shares are up nearly 24% so far in 2025, more than any other U.S. passenger carrier. Industry profit leaders Delta Air Lines and United Airlines are each up about 17% each this year.Southwest stock this week hit a two-and-a-half year high.…

The night before the Thanksgiving holiday, I received a message that I was being let go from my job, leaving me reeling in shock and tears, as I faced a holiday season with five kids and no stable income. As a freelancer, I’m somewhat used to instability in my work, but as my writing jobs have slowly vanished over the course of the past year, having my last contract gig taken away really stung.I will admit that I’m panicked and feeling all the emotions from embarrassment to fear to depression over being an almost 40-year-old woman with no real prospects…

American consumers in December remained downbeat about the state of the economy, a new survey shows. The Conference Board, a nonprofit group representing businesses, said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December, from November’s upwardly revised reading of 92.9. The latest figures are close to the group’s reading in April, when President Trump announced tariffs on dozens of U.S. trading partners.”Despite an upward revision in November related to the end of the shutdown, consumer confidence fell again in December and remained well below this year’s January peak. Four of five components of the overall index…