The court said the Environmental Protection Agency overstepped its authority in 2015 when it tried to limit greenhouse-gas emissions from power plants. It sided with a coalition of Republican-leaning states and coal producers that argued wide-reaching policies should come from Congress, not agency-level regulators.
European Central Bank President Christine Lagarde said the bank would raise interest rates gradually over the coming months, deviating from a global push toward faster rate hikes as inflation broadens and intensifies around the world.
The U.S. and other leading countries concluded their summit with an agreement to focus on the rising challenges posed by China, even as Russia’s war in Ukraine was the most urgent concern of the gathering.
Elon Musk has access to the Twitter data that he said was needed to complete his deal, but data scientists and specialists doubt the stream will provide the conclusive answers he seeks about phony accounts.
Dwindling Russian gas supplies are proving a threat to chemicals companies and their disruption would reverberate well beyond the sector, threatening Europe’s economy at a time of high inflation and slowing growth.
The Commerce Department’s report on new orders for durable goods—products designed to last at least three years—will show whether soaring prices, rising interest rates and an uncertain economic outlook weighed on demand in May.
Federal Reserve Chairman Jerome Powell told Congress the Fed’s battle against inflation could lead it to raise rates high enough to cause an economic downturn, but he said it is “essential that we bring inflation down.”
The Supreme Court this week denied an effort to stem thousands of lawsuits alleging the weedkiller caused cancer, but it remains prized by farmers for its effectiveness and low cost compared with other chemicals.