Supreme Court green-lights Trump's firing of consumer product safety regulators
Mary Boyle, a Biden appointee to the Consumer Product Safety Commission, speaks at her confirmation hearing. Donald Trump has moved to dismiss Boyle and two other Biden appointees from the board. | Francis Chung/E&E News
By Josh Gerstein
07/23/2025 06:16 PM EDT
The Supreme Court has yet again given President Donald Trump the go-ahead to oust the Democratic members of an important federal regulatory board, despite longstanding laws that seek to insulate the regulators from politically motivated firings.
This time, the court allowed Trump to fire three Biden-appointed members of the Consumer Product Safety Commission, which establishes safety standards for more than 15,000 products sold to Americans.
By an apparent vote of 6-3, the justices granted the Trump administration's request to block a lower-court order that had allowed the Democrats to remain in their posts on the five-member board. In a two-paragraph ruling, the high court said the case was very similar to one the justices ruled on in May, allowing Trump to fire members of two labor-related federal boards.
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Yahoo
22 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq waver as Trump-EU trade deal kicks off huge week
US stocks wavered on Monday after the US and European Union struck a trade pact to lead off a packed week of Big Tech earnings, a Federal Reserve meeting, inflation data, the July jobs report, and President Trump's Aug. 1 deadline to lock in key trade deals. The S&P 500 (^GSPC) hovered near the flatline while the tech-heavy Nasdaq Composite (^IXIC) put on about 0.1% after both indexes closed out Friday at fresh record highs. The Dow Jones Industrial Average (^DJI) slipped below the flatline. The US and EU have agreed to the outlines of a deal setting tariffs on Europe's goods at a baseline 15%, compared with the 30% threatened. Trump called the pact 'the biggest of them all,' while EU head Ursula von der Leyen said that "15% is not to be underestimated, but it is the best we could get." An initial boost to market sentiment faded in as investors digested the conflicting details in the US-EU deal framework. But stocks are still on track to resume a rally that saw the S&P 500 (^GSPC) notch its fifth all-time high in a row on Friday. Read more: The latest on Trump's tariffs At the same time, hopes are rising for US-China talks in Stockholm on Monday, which could reportedly extend the existing tariff truce by three months beyond its current Aug. 12 deadline. Investor eyes are now turning to a jam-packed week on Wall Street. Heavyweight earnings highlight the most intense stretch of the season, with more than 150 S&P 500 companies set to report. Meta Platforms (META) and Microsoft (MSFT) lead off Wednesday, followed by Amazon (AMZN) and Apple (AAPL) on Thursday. Read more: Full earnings coverage in our live blog Beyond earnings, the Fed begins its two-day policy meeting on Tuesday, with an interest-rate decision expected Wednesday. While the central bank is expected to keep rates at 4.25%-4.50%, the watch is on for signs that policymakers are warming to a rate cut in September. It all comes alongside Trump's general pressure on the central bank and Chair Jerome Powell. On the data front, inflation and labor will be in the spotlight. The July reading of the personal consumption expenditures (PCE) index, the Fed's preferred inflation gauge, is forecast to show a modest monthly and annual uptick on its release on Thursday. Also on deck: a flurry of jobs data, with Friday's crucial jobs report the highlight. Boeing Q2 earnings preview: CEO Ortberg's turnaround plan expected to roll on Yahoo Finance's Pras Subramanian reports: Read more here. Coinbase falls amid analyst downgrade ahead of Q2 earnings Shares of crypto exchange platform Coinbase (COIN) fell 3.6% Monday as Monness Crespi Hardt analyst Gus Galá downgraded the stock to Neutral from his prior Buy rating, citing lower crypto trading volumes in the second quarter of 2025. Galá wrote that crypto exchange volumes tracked by his firm were down 2% in the quarter from the prior year. That's in contrast to the 16% year over year increase in trading volumes in the first quarter. He estimated trading volumes on Coinbase, which garners revenue by charging fees for trades on its platform, grew 6% in the second quarter, higher than Wall Street's estimate of 19%. Galá said Coinbase reporting trading volumes below expectations during its second quarter results set for Thursday could "cast a negative shadow on shares." Chip stocks rise amid trade war relief, Samsung-Tesla deal Chip stocks climbed Monday after the US and EU reached a trade agreement and a report said China and the US would likely extend their tariff truce by an additional three months. Nvidia (NVDA) rose nearly 1%, while rival AI chipmaker Advanced Micro Devices (AMD) climbed more than 4%. British chip designer Arm (ARM) and Dutch chipmaking machine producer ASML (ASML) gained 1.1% and 2.8%, respectively. Server maker Super Micro Computer (SMCI) spiked over 6%. Also on Monday, Samsung ( reached a $16.5 billion deal to supply Tesla (TSLA) with AI chips. Strategy stock inches higher with earnings ahead Strategy (MSTR) stock rose nearly 1% Monday, with the software firm turned crypto giant set to report quarterly earnings results Thursday after the market close. The stock's climb also comes as Strategy reported in a filing to the US Securities and Exchange Commission Monday that it made no bitcoin purchases last week. That's after the firm — the world's largest corporate holder of bitcoin — earlier this month reported buying 10,445 bitcoins for over $1 billion. Strategy has spent $43.6 billion to purchase more than 607,000 bitcoins since 2020, when it adopted its crypto strategy. Shares have risen roughly 3,400% over the past five years. Critics have argued that the company is overvalued because it trades at a premium to its underlying asset (bitcoin). Last week, Strategy also said it expects to raise roughly $2.5 billion by issuing preferred stock expected to trade on the Nasdaq under the ticker STRC. US LNG companies pop after EU pledges $750 billion in energy buys Liquified natural gas (LNG) stocks led gains for US energy names on the heels of the US-European Union trade deal. The EU promised to make $750 billion in purchases of US fuel — covering oil, nuclear, and LNG energy — under the transatlantic trade framework agreed at the weekend. LNG exporters should get a boost from the strategic purchases, analysts believe, as demand from Europe expands. Shares of the biggest US LNG exporter Cheniere Energy (LNG) rose about 3% in early regular trading on Monday, but was losing steam after popping in premarket. LNG terminal developer NextDecade (NEXT) traded about 1% higher, while Gulf Coast supplier Venture Global (VG) was up about 3% at last check. Oilprice reports: Read more here. Wall Street bull calls for 11% rally in S&P 500 to end 2025 as trade 'uncertainty' subsides The high-water mark for Wall Street's S&P 500 (^GSPC) targets has moved up amid the market rally, Yahoo Finance's Josh Schafer reports. Schafer writes: Read the full story here. Stocks nudge higher at the open Stocks moved mostly higher Monday at the open as investors digested the US-EU trade deal and anticipated a major week of economic data, earnings results, and a Fed meeting. The S&P 500 (^GSPC) rose about 0.2%, while the Nasdaq Composite (^IXIC) gained around 0.4%, with quarterly reports on deck this week from Meta (META), Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN). The Dow Jones Industrial Average (^DJI) floated below the flat line, with stocks reversing earlier premarket gains. Nike stock pops after JPMorgan upgrade Nike stock (NKE) jumped 4% in premarket trading Monday after JPMorgan upgraded shares from Neutral to Outperform. JPMorgan analyst Matthew Boss raised his price target on the stock to $93 from $64 previously, writing that he sees revenue growth reaccelerating in the second half of 2026 and 2027. Year to date, Nike stock is up less than 1%, versus an 8% gain for the S&P 500 (^GSPC). Trump looms large over a Fed likely to again defy his call for cuts President Trump and others in the White House have hammered Jerome Powell for months over the Federal Reserve Chair's wait-and-see stance on easing interest rates. That means Trump should loom large over the Fed's policy meeting this week, even if policymakers do what the market expects and keep rates unchanged. Yahoo Finance's Jennifer Schonberger reports: Read more here. Health insurance companies have a problem As Americans use their health insurance more and the cost of care increases, insurance companies have seen their financial results come under pressure. Yahoo Finance's Jake Conley reports: Read more here. Dollar strengthens, euro slips on trade deal The US dollar index ( rose 0.6% on Monday following news that the United States and European Union struck a trade deal. The euro (EURUSD=X) slipped 0.7% against the dollar at $1.16. While the framework's added clarity brought some relief to the trading partners, the deal was seen as more mixed in Europe, which was angling for free trade. Under the deal, European goods bound for the US will face a 15% tariff, and the EU will spend $600 billion on US investments, though some details remain unclear. Together, the US and EU account for about a third of all global trade. How ethereum rose to become a mainstream cryptocurrency The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption. Yahoo Finance's Nina Moothedath reports: Here's what to know about ethereum and what sets it apart from other blockchains. ASML's stock is in focus after US/EU trade deal Semiconductor play ASML (ASML, getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.) Here's what JP Morgan had to say this morning: Good morning. Here's what's happening today. Economic data: Dallas Fed manufacturing activity (July) Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Here are some of the biggest stories you may have missed overnight and early this morning: Fed meeting, July jobs report and Big Tech earnings: Week ahead Health insurers have a problem that's squeezing their earnings Musk hails $16.5B Samsung deal to make Tesla's AI chips Trump looms large over defiant Fed's meeting this week Eyes on US-China talks after EU strikes 15% tariff deal Oppenheimer lifts S&P 500 target to call third year of 20% gains US LNG producers soar as EU agrees $250B in annual purchases Japan: Only 2% of $550 billion US fund will be investment Fed meeting, jobs report, Big Tech earnings — and Trump's deadline: What to watch this week The impact of President Trump's policies on the economy is about to get a lot clearer. Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters: Read more here. Trending tickers: Nike, Samsung Electronics and US liquefied natural gas stocks Here are some top stocks trending on Yahoo Finance in premarket trading: Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64. Samsung Electronics ( stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip. Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Samsung to make AI chips for Tesla under $16.5 billion deal Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Oil rises with EU-US trade deal locked in Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. European stock futures rise on US-EU trade deal announcement Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Boeing Q2 earnings preview: CEO Ortberg's turnaround plan expected to roll on Yahoo Finance's Pras Subramanian reports: Read more here. Yahoo Finance's Pras Subramanian reports: Read more here. Coinbase falls amid analyst downgrade ahead of Q2 earnings Shares of crypto exchange platform Coinbase (COIN) fell 3.6% Monday as Monness Crespi Hardt analyst Gus Galá downgraded the stock to Neutral from his prior Buy rating, citing lower crypto trading volumes in the second quarter of 2025. Galá wrote that crypto exchange volumes tracked by his firm were down 2% in the quarter from the prior year. That's in contrast to the 16% year over year increase in trading volumes in the first quarter. He estimated trading volumes on Coinbase, which garners revenue by charging fees for trades on its platform, grew 6% in the second quarter, higher than Wall Street's estimate of 19%. Galá said Coinbase reporting trading volumes below expectations during its second quarter results set for Thursday could "cast a negative shadow on shares." Shares of crypto exchange platform Coinbase (COIN) fell 3.6% Monday as Monness Crespi Hardt analyst Gus Galá downgraded the stock to Neutral from his prior Buy rating, citing lower crypto trading volumes in the second quarter of 2025. Galá wrote that crypto exchange volumes tracked by his firm were down 2% in the quarter from the prior year. That's in contrast to the 16% year over year increase in trading volumes in the first quarter. He estimated trading volumes on Coinbase, which garners revenue by charging fees for trades on its platform, grew 6% in the second quarter, higher than Wall Street's estimate of 19%. Galá said Coinbase reporting trading volumes below expectations during its second quarter results set for Thursday could "cast a negative shadow on shares." Chip stocks rise amid trade war relief, Samsung-Tesla deal Chip stocks climbed Monday after the US and EU reached a trade agreement and a report said China and the US would likely extend their tariff truce by an additional three months. Nvidia (NVDA) rose nearly 1%, while rival AI chipmaker Advanced Micro Devices (AMD) climbed more than 4%. British chip designer Arm (ARM) and Dutch chipmaking machine producer ASML (ASML) gained 1.1% and 2.8%, respectively. Server maker Super Micro Computer (SMCI) spiked over 6%. Also on Monday, Samsung ( reached a $16.5 billion deal to supply Tesla (TSLA) with AI chips. Chip stocks climbed Monday after the US and EU reached a trade agreement and a report said China and the US would likely extend their tariff truce by an additional three months. Nvidia (NVDA) rose nearly 1%, while rival AI chipmaker Advanced Micro Devices (AMD) climbed more than 4%. British chip designer Arm (ARM) and Dutch chipmaking machine producer ASML (ASML) gained 1.1% and 2.8%, respectively. Server maker Super Micro Computer (SMCI) spiked over 6%. Also on Monday, Samsung ( reached a $16.5 billion deal to supply Tesla (TSLA) with AI chips. Strategy stock inches higher with earnings ahead Strategy (MSTR) stock rose nearly 1% Monday, with the software firm turned crypto giant set to report quarterly earnings results Thursday after the market close. The stock's climb also comes as Strategy reported in a filing to the US Securities and Exchange Commission Monday that it made no bitcoin purchases last week. That's after the firm — the world's largest corporate holder of bitcoin — earlier this month reported buying 10,445 bitcoins for over $1 billion. Strategy has spent $43.6 billion to purchase more than 607,000 bitcoins since 2020, when it adopted its crypto strategy. Shares have risen roughly 3,400% over the past five years. Critics have argued that the company is overvalued because it trades at a premium to its underlying asset (bitcoin). Last week, Strategy also said it expects to raise roughly $2.5 billion by issuing preferred stock expected to trade on the Nasdaq under the ticker STRC. Strategy (MSTR) stock rose nearly 1% Monday, with the software firm turned crypto giant set to report quarterly earnings results Thursday after the market close. The stock's climb also comes as Strategy reported in a filing to the US Securities and Exchange Commission Monday that it made no bitcoin purchases last week. That's after the firm — the world's largest corporate holder of bitcoin — earlier this month reported buying 10,445 bitcoins for over $1 billion. Strategy has spent $43.6 billion to purchase more than 607,000 bitcoins since 2020, when it adopted its crypto strategy. Shares have risen roughly 3,400% over the past five years. Critics have argued that the company is overvalued because it trades at a premium to its underlying asset (bitcoin). Last week, Strategy also said it expects to raise roughly $2.5 billion by issuing preferred stock expected to trade on the Nasdaq under the ticker STRC. US LNG companies pop after EU pledges $750 billion in energy buys Liquified natural gas (LNG) stocks led gains for US energy names on the heels of the US-European Union trade deal. The EU promised to make $750 billion in purchases of US fuel — covering oil, nuclear, and LNG energy — under the transatlantic trade framework agreed at the weekend. LNG exporters should get a boost from the strategic purchases, analysts believe, as demand from Europe expands. Shares of the biggest US LNG exporter Cheniere Energy (LNG) rose about 3% in early regular trading on Monday, but was losing steam after popping in premarket. LNG terminal developer NextDecade (NEXT) traded about 1% higher, while Gulf Coast supplier Venture Global (VG) was up about 3% at last check. Oilprice reports: Read more here. Liquified natural gas (LNG) stocks led gains for US energy names on the heels of the US-European Union trade deal. The EU promised to make $750 billion in purchases of US fuel — covering oil, nuclear, and LNG energy — under the transatlantic trade framework agreed at the weekend. LNG exporters should get a boost from the strategic purchases, analysts believe, as demand from Europe expands. Shares of the biggest US LNG exporter Cheniere Energy (LNG) rose about 3% in early regular trading on Monday, but was losing steam after popping in premarket. LNG terminal developer NextDecade (NEXT) traded about 1% higher, while Gulf Coast supplier Venture Global (VG) was up about 3% at last check. Oilprice reports: Read more here. Wall Street bull calls for 11% rally in S&P 500 to end 2025 as trade 'uncertainty' subsides The high-water mark for Wall Street's S&P 500 (^GSPC) targets has moved up amid the market rally, Yahoo Finance's Josh Schafer reports. Schafer writes: Read the full story here. The high-water mark for Wall Street's S&P 500 (^GSPC) targets has moved up amid the market rally, Yahoo Finance's Josh Schafer reports. Schafer writes: Read the full story here. Stocks nudge higher at the open Stocks moved mostly higher Monday at the open as investors digested the US-EU trade deal and anticipated a major week of economic data, earnings results, and a Fed meeting. The S&P 500 (^GSPC) rose about 0.2%, while the Nasdaq Composite (^IXIC) gained around 0.4%, with quarterly reports on deck this week from Meta (META), Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN). The Dow Jones Industrial Average (^DJI) floated below the flat line, with stocks reversing earlier premarket gains. Stocks moved mostly higher Monday at the open as investors digested the US-EU trade deal and anticipated a major week of economic data, earnings results, and a Fed meeting. The S&P 500 (^GSPC) rose about 0.2%, while the Nasdaq Composite (^IXIC) gained around 0.4%, with quarterly reports on deck this week from Meta (META), Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN). The Dow Jones Industrial Average (^DJI) floated below the flat line, with stocks reversing earlier premarket gains. Nike stock pops after JPMorgan upgrade Nike stock (NKE) jumped 4% in premarket trading Monday after JPMorgan upgraded shares from Neutral to Outperform. JPMorgan analyst Matthew Boss raised his price target on the stock to $93 from $64 previously, writing that he sees revenue growth reaccelerating in the second half of 2026 and 2027. Year to date, Nike stock is up less than 1%, versus an 8% gain for the S&P 500 (^GSPC). Nike stock (NKE) jumped 4% in premarket trading Monday after JPMorgan upgraded shares from Neutral to Outperform. JPMorgan analyst Matthew Boss raised his price target on the stock to $93 from $64 previously, writing that he sees revenue growth reaccelerating in the second half of 2026 and 2027. Year to date, Nike stock is up less than 1%, versus an 8% gain for the S&P 500 (^GSPC). Trump looms large over a Fed likely to again defy his call for cuts President Trump and others in the White House have hammered Jerome Powell for months over the Federal Reserve Chair's wait-and-see stance on easing interest rates. That means Trump should loom large over the Fed's policy meeting this week, even if policymakers do what the market expects and keep rates unchanged. Yahoo Finance's Jennifer Schonberger reports: Read more here. President Trump and others in the White House have hammered Jerome Powell for months over the Federal Reserve Chair's wait-and-see stance on easing interest rates. That means Trump should loom large over the Fed's policy meeting this week, even if policymakers do what the market expects and keep rates unchanged. Yahoo Finance's Jennifer Schonberger reports: Read more here. Health insurance companies have a problem As Americans use their health insurance more and the cost of care increases, insurance companies have seen their financial results come under pressure. Yahoo Finance's Jake Conley reports: Read more here. As Americans use their health insurance more and the cost of care increases, insurance companies have seen their financial results come under pressure. Yahoo Finance's Jake Conley reports: Read more here. Dollar strengthens, euro slips on trade deal The US dollar index ( rose 0.6% on Monday following news that the United States and European Union struck a trade deal. The euro (EURUSD=X) slipped 0.7% against the dollar at $1.16. While the framework's added clarity brought some relief to the trading partners, the deal was seen as more mixed in Europe, which was angling for free trade. Under the deal, European goods bound for the US will face a 15% tariff, and the EU will spend $600 billion on US investments, though some details remain unclear. Together, the US and EU account for about a third of all global trade. The US dollar index ( rose 0.6% on Monday following news that the United States and European Union struck a trade deal. The euro (EURUSD=X) slipped 0.7% against the dollar at $1.16. While the framework's added clarity brought some relief to the trading partners, the deal was seen as more mixed in Europe, which was angling for free trade. Under the deal, European goods bound for the US will face a 15% tariff, and the EU will spend $600 billion on US investments, though some details remain unclear. Together, the US and EU account for about a third of all global trade. How ethereum rose to become a mainstream cryptocurrency The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption. Yahoo Finance's Nina Moothedath reports: Here's what to know about ethereum and what sets it apart from other blockchains. The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption. Yahoo Finance's Nina Moothedath reports: Here's what to know about ethereum and what sets it apart from other blockchains. ASML's stock is in focus after US/EU trade deal Semiconductor play ASML (ASML, getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.) Here's what JP Morgan had to say this morning: Semiconductor play ASML (ASML, getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.) Here's what JP Morgan had to say this morning: Good morning. Here's what's happening today. Economic data: Dallas Fed manufacturing activity (July) Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Here are some of the biggest stories you may have missed overnight and early this morning: Fed meeting, July jobs report and Big Tech earnings: Week ahead Health insurers have a problem that's squeezing their earnings Musk hails $16.5B Samsung deal to make Tesla's AI chips Trump looms large over defiant Fed's meeting this week Eyes on US-China talks after EU strikes 15% tariff deal Oppenheimer lifts S&P 500 target to call third year of 20% gains US LNG producers soar as EU agrees $250B in annual purchases Japan: Only 2% of $550 billion US fund will be investment Economic data: Dallas Fed manufacturing activity (July) Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Here are some of the biggest stories you may have missed overnight and early this morning: Fed meeting, July jobs report and Big Tech earnings: Week ahead Health insurers have a problem that's squeezing their earnings Musk hails $16.5B Samsung deal to make Tesla's AI chips Trump looms large over defiant Fed's meeting this week Eyes on US-China talks after EU strikes 15% tariff deal Oppenheimer lifts S&P 500 target to call third year of 20% gains US LNG producers soar as EU agrees $250B in annual purchases Japan: Only 2% of $550 billion US fund will be investment Fed meeting, jobs report, Big Tech earnings — and Trump's deadline: What to watch this week The impact of President Trump's policies on the economy is about to get a lot clearer. Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters: Read more here. The impact of President Trump's policies on the economy is about to get a lot clearer. Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters: Read more here. Trending tickers: Nike, Samsung Electronics and US liquefied natural gas stocks Here are some top stocks trending on Yahoo Finance in premarket trading: Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64. Samsung Electronics ( stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip. Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Here are some top stocks trending on Yahoo Finance in premarket trading: Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64. Samsung Electronics ( stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip. Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Samsung to make AI chips for Tesla under $16.5 billion deal Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Oil rises with EU-US trade deal locked in Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. European stock futures rise on US-EU trade deal announcement Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. 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
New York Post
23 minutes ago
- New York Post
Judge Judy recreates controversial American verdicts and challenges viewers in ‘Justice on Trial'
EXCLUSIVE – Judge Judith Sheindlin helps recreate some of the most controversial court cases in American history in her new show, 'Justice on Trial.' The show, which was over 10 years in the making and finally premiered on Prime Video last Monday, revisits eight of the most monumental court cases in American memory — allowing the viewer to decide if justice was truly served with each verdict. The main lawyers featured on the show are Larry Bakman and Daniel Mentzer. Advertisement Episode seven features a re-telling of 'Snyder v. Phelps,' in which a grieving father, Albert Snyder, sued Fred Phelps and his followers at the Westboro Baptist Church for emotional distress after church members protested his son Matthew's military funeral. The churchgoers, as depicted in the episode, carried signs reading, 'God Hates Your Son,' 'Thank God for Dead Soldiers,' and 'Thank God for 9/11,' to protest the military's tolerance of homosexuality. 7 The show, which was over 10 years in the making and finally premiered on Prime Video last Monday. Michael Becker/Prime 7 The main lawyers featured on the show are Larry Bakman and Daniel Mentzer. Michael Becker/Prime As Snyder noted during the trial, his son was not gay. The protesters were protesting the military at-large. The court showdown highlighted the legal boundaries of protected speech when it conflicts with potential harm to others. Advertisement A jury in the United States District Court for the District of Maryland agreed with Snyder and awarded him a total of $10.9 million, which the judge lowered to $5 million. The Fourth Circuit Court of Appeals reversed the judgment, holding that Phelps' speech was protected by the First Amendment. The Supreme Court upheld the Fourth Circuit's ruling. The fiery Sheindlin had an opinion on the matter. While she and others may find the protesters' signs 'abhorrent,' she intoned that the Constitution does protect free speech. 7 A jury in the United States District Court for the District of Maryland agreed with Snyder and awarded him a total of $10.9 million. Courtesy of Prime 'Totally uncaring for people who are religious people, totally uncaring about the emotional trauma that that kind of demonstration might have on the family,' Sheindlin said of the Westboro protests in an interview with Fox News Digital. 'And yet the Supreme Court said in its decision that they had a right to express their views, even though their views were maybe abhorrent to the vast majority of Americans. I suppose you have to be able to… I wouldn't want to tolerate seeing the American flag burned in protest in America. Just wouldn't. It would offend me. But you have the right to do it. Is there a law that proscribes it? And I'd say probably not.' Advertisement So how do Americans reconcile their anger at a verdict with the Court's constitutional responsibilities? Sheindlin began her answer by referencing the movie 'American President.' 'I mean, we all would like our presidents to be like Michael Douglas, correct?' she said. 'And he said something at the end, but he's making the big speech at the end. He said, 'As an American, America is not easy, and you have to be able to defend somebody burning a flag, the American flag, as a protest, if you're going to insist that freedom of speech and expression exists.' And while we are all offended, it just didn't seem right that for no apparent reason, with no knowledge of who this young man was who was killed, just because they had a cause, they didn't care what the collateral damage was emotionally to the family of this young man.' 7 Judge Judy Sheindlin presiding over a courtroom trial. Courtesy of Prime 7 Judge Judy said there was one case, in particular, that spurred her to want to create 'Justice on Trial' and that may also leave some Americans feeling like justice may have taken a walk. Courtesy of Prime Advertisement Judge Judy said there was one case, in particular, that spurred her to want to create 'Justice on Trial' and that may also leave some Americans feeling like justice may have taken a walk. 'It was a case that happened in New York many, many years ago,' she shared. 'Two young thugs decided to rob an old man on the subway. Believe it or not, I remember the man's name. His name was Jerome Sandusky, and he was a man well in his 70s. And one of them was acting as a lookout. The other one went down the stairs with the pretty deserted platform and was beating up this old man in an attempt to take his watch and cash. And a transit police officer heard the screams of the old man coming from the subway, and he ran down into the subway. Pulled out his revolver and said, 'Stop, police!' And the young thug ran off and was running up the stairs. Police said, 'Stop, police!' He didn't stop, and the police officer shot him. And he shot him in the back as he was fleeing.' Then things got tricky in court and the situation seemed to turn on the victim. 7 Then things got tricky in court and the situation seemed to turn on the victim. Courtesy of Prime 7 'The young man pled guilty to the robbery, was sentenced, but hired a lawyer who sued the transit authority in the city of New York and received a judgment, a jury verdict for $4.3 million,' Sheindlin continued. Michael Becker/Prime 'The young man pled guilty to the robbery, was sentenced, but hired a lawyer who sued the transit authority in the city of New York and received a judgment, a jury verdict for $4.3 million,' Sheindlin continued. 'And then Mr. Sandusky, who took a very long time to recover from his physical wounds, but who would, you know — if you're a crime victim emotionally, you really never get over being a victim of violent crime. And Mr. Sandusky, he said, 'Well, that's sort of outrageous. I was the victim.' And so he hired a lawyer because now this thug had $4.3 million and his lawsuit was barred by the statute of limitations. So there are many facets to that case. Whether or not, ultimately, justice was served is an issue. And if you ask 10 people, given those set of facts, you will get at least eight different opinions.' Advertisement All eight episodes of 'Justice on Trial' are streaming now on Prime Video. Other cases covered by the series include the famous Scopes Monkey trial, Gideon v. Wainwright and People v. Turriago. In the latter case, troopers stopped Leonardo Turriago for a speeding violation on the New York State Thruway, which led police to discover a decomposing body locked in a steamer trunk. The episode explores the question of whether or not the search of the truck was legal. The series is created and executive produced by Sheindlin. Casey Barber, David Carr and Randy Douthit are also executive producers. Amy Freisleben is a co-executive producer.
The Hill
23 minutes ago
- The Hill
Top medical group presses RFK Jr. to keep health screening panel
A top U.S. health lobbying group is calling on Health Secretary Robert F. Kennedy Jr. to not dismiss a preventive task force following a report he's planning to remove all of its members in the same way he ousted an entire vaccine advisory board earlier this year. The American Medical Association (AMA) wrote to Kennedy on Sunday to express its 'deep concern' over reporting that Kennedy is planning to dismiss all members of the United States Preventive Services Task Force (USPSTF). 'USPSTF members have been selected through an open, public nomination process and are nationally recognized experts in primary care, prevention and evidence-based medicine. They serve on a volunteer basis, dedicating their time to help reduce disease and improve the health of all Americans—a mission well-aligned with the Make America Healthy Again initiative,' the AMA wrote in a letter to Kennedy. The Wall Street Journal reported late last week that Kennedy was planning to dismiss the entire 16-member panel for being too 'woke' in his eyes, citing people familiar with the decision. The report comes after Kennedy in June dismissed the entire Advisory Committee on Immunization Practices for the Centers for Disease Control and Prevention, replacing the members with some known spreaders of vaccine information. When reached for comment by The Hill, a spokesperson the Department of Health and Human Services (HHS) said, 'No final decision has been made on how the USPSTF can better support HHS' mandate to Make America Healthy Again.' Just last month, the USPSTF's powers to make recommendations survived legal scrutiny when the Supreme Court upheld their constitutionality. Plaintiffs in the case argued the panel was unconstitutional. The case began when a Texas business did not wish to cover HIV pre-exposure prophylaxis, which is recommended by the USPSTF. 'Given the essential role USPSTF members play in weighing the benefits and harms of preventive services such as screenings, behavioral counseling, and preventive medications, and making evidence-based recommendations for implementation in primary care settings, we urge you to keep the previously appointed USPSTF members and continue the task force's regular meeting schedule to ensure recommendations are put forth, updated, and disseminated without delay,' the AMA told Kennedy.
