Supreme Court News Updates

The majority of five conservative justices said the federal law that generally shields USPS from lawsuits over missing, lost and undelivered mail includes “the intentional nondelivery of mail.”

FedEx said in a filing that it has suffered injury from having to pay the tariffs and that the relief it's seeking from the court would redress those injuries.

Among the major questions left unanswered for US importers are the prospects and the process for recouping the money the government collected over the past year under IEEPA.

The court is preparing to begin a four-week recess, and under its usual procedures for releasing opinions, the next potential day for a tariff decision is Feb. 20.  

The company posted better-than-expected results in its most recent quarter, swinging to an adjusted profit of 12 cents a share from a 68-cent loss a year earlier.

The Supreme Court held an opinion day Jan. 9, but no decision came on the legality of the president’s sweeping levies imposed under the International Emergency Economic Powers Act. 

Costco is one of the biggest corporate players to jump into a challenge of the Trump administration's tariffs largely driven this year by small businesses and Democratic state officials.

Wall Street heavyweights have struck deals with companies that could be eligible for reimbursement if tariffs are ruled unlawful, yet investors are finding the trade can be had for relatively cheap.

The administration is trying to defend the tariffs after lower courts ruled the emergency law Trump invoked doesn’t give him near-limitless power to set and change duties on imports.

Trump had said he wanted to take the highly unusual step of attending the arguments in person, but on Nov. 2 said he had ruled it out, saying he didn't want to be a distraction.