It would be "the end of the United States" if President Trump's sweeping global tariffs are ultimately struck down by the Supreme Court, White House trade adviser Peter Navarro said Sunday.
Why it matters: The administration is putting maximum pressure on the high court — and the court of public opinion — in an attempt to frame the future of Trump's trade regime in existential terms.
The Powerball jackpot grew to an estimated $1 billion ahead of Saturday's drawing — the sixth jackpot in the game's history to reach the billion-dollar mark.
Why it matters: This is the highest lottery jackpot of the year, and the highest Powerball prize since April 2024, when a ticket from Oregon won $1.3 billion.
Two of President Trump's key economic policies appear headed for the Supreme Court: high global tariffs and his unprecedented firing of a Federal Reserve board member.
Why it matters: These cases could not only have an enormous impact on the U.S. economy, but they could also reverberate throughout the global financial system.
Retailers are ramping up promotions for the Labor Day weekend, warning shoppers — some subtly, others bluntly — to "buy now before prices rise."
Why it matters: Global tariff rates are in flux after a court declared much of Trump's trade agenda to be illegal. Still, retailers' pre-tariff inventory is nearly depleted — and what hits shelves next will have already been subject to higher tariffs rates that companies are passing on to consumers.
As students head back to school, a five-year effort to replace diesel school buses with electric ones has hit two big speed bumps: a federal funding freeze, plus the collapse of a leading bus manufacturer.
Why it matters: There's still lots of enthusiasm for cleaner buses, advocates say, but some school districts are turning back to diesel because they didn't get the electric buses they were promised or can't get service on the ones they own.
Royal Caribbean's newest mega-ship, the Star of the Seas, is more than the world's largest cruise ship — it's a floating city where a flying DeLorean features in a full-scale Back to the Future musical.
Why it matters: The cruise industry is in an arms race of scale and destinations that shows no signs of letting up.
