Sep 17, 2018

Kudlow says new tariffs announcement "coming soon"

Photo: Cheriss May/NurPhoto via Getty Images

An announcement about additional tariffs on Chinese goods is imminent, White House economic advisor Larry Kudlow said on Monday, adding that President Trump has "not been satisfied" with trade negotiations with China.

Why it matters: There have been reports that the Trump administration was moving ahead with tariffs on $200 billion in Chinese goods, and Kudlow said recent stories about the trade war escalation have been "more or less correct."

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Supreme Court to hear Philadelphia case over same-sex foster parents

Photo: Daniel Slim/AFP via Getty Images

The Supreme Court agreed Monday to hear a high-profile case that could reshape the bounds of First Amendment protections for religion.

Why it matters: The direct question in this case is whether Philadelphia had the right to cancel a contract with an adoption agency that refused to place foster children with same-sex couples. It also poses bigger questions that could lead the court to overturn a key precedent and carve out new protections for religious organizations.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.