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Yearly Archives :

2026

With Trump’s tariffs on the line, US Supreme Court plans rulings for Friday

With Trump’s tariffs on the line, US Supreme Court plans rulings for Friday 150 150 admin

By Andrew Chung

Jan 6 (Reuters) – The U.S. Supreme Court is expected to issue rulings on Friday as it weighs cases with major implications both nationally and around the world including the legality of President Donald Trump’s sweeping global tariffs.

The court indicated on its website on Tuesday that it could release decisions in argued cases when the justices take the bench during a scheduled sitting on Friday. The court does not announce ahead of time which rulings it intends to issue. 

The challenge to Trump’s tariffs is among the most closely watched of the cases awaiting decisions by the top U.S. judicial body that could impact the global economy and marks a major test of presidential powers.

During arguments heard by the court on November 5, conservative and liberal justices appeared to cast doubt on the legality of the tariffs, which Trump imposed by invoking a 1977 law meant for use during national emergencies. The case involves appeals by Trump’s administration after lower courts ruled that his unprecedented use of that law exceeded his authority.

The Republican president has continued to express concern about the possibility of losing the case. In a social media post on Friday, Trump said such a ruling would be a “terrible blow” to the United States. 

“Because of Tariffs, our Country is financially, AND FROM A NATIONAL SECURITY STANDPOINT, FAR STRONGER AND MORE RESPECTED THAN EVER BEFORE,” Trump said in another post on Monday. 

Trump invoked the International Emergency Economic Powers Act on goods imported from individual countries to address what he called a national emergency related to U.S. trade deficits, as well as on China, Canada and Mexico as economic leverage to curb the trafficking of the often-abused painkiller fentanyl and illicit drugs into the United States.

Other important cases are also awaiting rulings at the court, which has a 6-3 conservative majority. 

In October, the court heard arguments in a challenge to another key section of the Voting Rights Act, the landmark 1965 federal law enacted by Congress to prevent racial discrimination in voting. The conservative majority appeared poised to curb the Voting Rights Act’s Section 2, which bars voting maps that would result in diluting the clout of minorities, even without direct proof of racist intent.

The court also heard arguments in October in a challenge on free speech grounds to a Colorado law banning psychotherapists from conducting “conversion therapy” that aims to change an LGBT minor’s sexual orientation or gender identity. A majority of the justices appeared ready to back a Christian licensed counselor who challenged the law under the U.S. Constitution’s First Amendment protections against government abridgment of free speech. 

The court has a busy few months ahead. On January 13, it will hear arguments in a bid to enforce Republican-backed state laws banning transgender athletes from female sports teams at public schools. 

On January 21, in another case with major implications for economic policy, it will hear arguments in Trump’s attempt to remove Federal Reserve Governor Lisa Cook, a move without precedent that challenges the central bank’s independence. Cook remains in place for the time being.

(Reporting by Andrew Chung in New York; Editing by Will Dunham)

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Gold inches closer to record peak as geopolitical risks lift safe-haven demand

Gold inches closer to record peak as geopolitical risks lift safe-haven demand 150 150 admin

By Anmol Choubey

Jan 6 (Reuters) – Gold extended gains on Tuesday, buoyed by safe-haven demand after the U.S. capture of Venezuela’s president fueled global tensions, while investors awaited U.S. payroll data for insights into the Federal Reserve’s interest rate policy.

Spot gold was up 0.9% at $4,488.10 per ounce by 11:50 a.m. ET (1650 GMT), after a nearly 3% gain in the previous session, bringing prices closer to the record high of $4,549.71 hit on December 24.

U.S. gold futures for February delivery advanced 1% to $4,496.

“Precious metals traders see more risk on the horizon than stock and bond traders do at present,” said Jim Wyckoff, senior analyst at Kitco Metals, adding that the weekend U.S. raid on Venezuela has fueled continued safe-haven demand for gold and silver. [.N]

Toppled Venezuelan President Nicolas Maduro pleaded not guilty on Monday to narcotics charges, after the U.S. seized him and took him to New York over the weekend.

Gold, considered a traditional safe haven, climbed 64.4% last year, logging its best annual performance since 1979.   

Market participants are also looking to Friday’s U.S. monthly employment report, which is anticipated to show 60,000 jobs added in December, a slight drop from 64,000 the previous month.

Traders are pricing in two Federal Reserve rate cuts this year, according to LSEG data.

Meanwhile, Richmond Fed President Tom Barkin stated that further rate changes must be “finely tuned” to balance both unemployment and inflation risks.

Non-yielding gold tends to benefit from low-interest-rate environments.

Morgan Stanley projected gold prices could surge to $4,800 by the fourth quarter of this year, citing falling interest rates, Federal Reserve leadership changes and robust central bank and fund purchases.

Spot silver, which hit an all-time high of $83.62 on December 29, gained 5.3% to $80.57 per ounce. Silver recorded its strongest annual gain in 2025, surging 147% on rising industrial and investor appetite.

Spot platinum was up 6.5% at $2,417.70 per ounce, while palladium traded 6.3% higher at $1,815 per ounce.

(Reporting by Anmol Choubey in Bengaluru; Editing by Joe Bavier and Vijay Kishore)

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Novo Nordisk debuts Wegovy weight-loss pill in the U.S.

Novo Nordisk debuts Wegovy weight-loss pill in the U.S. 150 150 admin

FDA-approved semaglutide drug is the first GLP-1 pill for weight loss available in the U.S., according to drugmaker Novo Nordisk.
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Gunfire heard near Al-Maashiq presidential palace in Yemen’s Aden, witnesses say

Gunfire heard near Al-Maashiq presidential palace in Yemen’s Aden, witnesses say 150 150 admin

Jan 6 (Reuters) – Gunfire was heard on Tuesday in the vicinity of the Al-Maashiq presidential palace in the southern Yemeni port city of Aden, witnesses told Reuters on Tuesday.

Security sources said anti-aircraft guns were activated to target unidentified drones in the airspace over the palace.

No further information was immediately available.

Aden, along with areas near the port city, is currently controlled by the separatist Southern Transitional Council (STC), which is backed by the United Arab Emirates. The leader of the STC had been residing in the palace but his current whereabouts are unknown.

Tuesday’s developments come amid efforts to end a conflict between the UAE-backed separatists and Yemen’s Saudi-backed internationally recognised government, which erupted last month.

The conflict has triggered a major feud between the UAE and Saudi Arabia, fracturing a coalition originally created to fight the Iran-aligned Houthis, who are still the dominant military force in Yemen.

The Houthis seized the Yemeni capital Sanaa in 2014 and Gulf countries intervened the following year in support of the internationally recognised government, splitting Yemen into rival zones of control.

Aden has been the main seat of power outside Houthi-controlled areas since 2015 but leaders of the internationally recognised government left the city for Saudi Arabia early last month when the UAE-backed Southern Transitional Council seized control.

Government forces backed by Saudi airstrikes on Friday and Saturday took back control of the strategically important Hadramout and Mahra provinces in the east of Yemen.

(Writing by Menna Alaa El-Din; editing by Mark Heinrich and Gareth Jones)

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Maduro arraigned in U.S. court, Trump threatens other nations

Maduro arraigned in U.S. court, Trump threatens other nations 150 150 admin

Ousted Venezuelan President Nicolás Maduro and his wife appeared before a judge in New York to face charges related to drug trafficking after the U.S. military attack on Venezuela.
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Breaking down the operation that captured Nicolás Maduro

Breaking down the operation that captured Nicolás Maduro 150 150 admin

New details are emerging about “Operation Absolute Resolve,” the mission that captured former Venezuelan President Nicolás Maduro. Military analyst and Retired U.S. Army Major Mike Lyons joins CBS News to discuss.
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U.S. oil companies won't rush to re-enter shaky Venezuela, experts say

U.S. oil companies won't rush to re-enter shaky Venezuela, experts say 150 150 admin

The Trump administration is counting on Big Oil to revive Venezuela’s creaky energy sector. That’s no sure bet, according to industry experts.
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Venezuela’s Machado says she hasn’t spoken to Trump since October

Venezuela’s Machado says she hasn’t spoken to Trump since October 150 150 admin

By Jasper Ward

WASHINGTON, Jan 5 (Reuters) – Venezuelan opposition leader and Nobel Peace Prize winner Maria Corina Machado said on Monday she hasn’t spoken to U.S. President Donald Trump since October 2025.

“Actually, I spoke with President Trump on October 10, the same day the (Noble Peace) Prize was announced, (but) not since then,” Machado said on Fox News’ “Hannity” program.

She was awarded the prize for her fight against what the Norwegian Nobel Committee called a dictatorship.

Machado – widely seen now deposed Venezuelan President Nicolas Maduro’s most credible opponent- left Venezuela last month to travel to Norway to accept the award, and hasn’t returned since.

“I’m planning to go as soon as possible back home,” she told Fox News when asked about her plans to return to Venezuela. 

The interview was Machado’s first since the U.S. launched strikes on Venezuela on Saturday and captured its president.

She welcomed the U.S. actions as “a huge step for humanity, for freedom and human dignity.”

Venezuela’s vice president and oil minister Delcy Rodriguez was sworn in as interim president on Monday, but Washington’s move over the weekend has left many to wonder about the future leadership of the South American country.

Trump on Saturday dismissed the idea of working with Machado, saying “she doesn’t have the support within or the respect within the country.”

(Reporting by Jasper Ward in Washington; Editing by Caitlin Webber and Lincoln Feast.)

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Questions about the legality of U.S. operation to capture Nicolás Maduro

Questions about the legality of U.S. operation to capture Nicolás Maduro 150 150 admin

Questions remain about the legality of the operation that captured former Venezuelan President Nicolás Maduro. Former federal prosecutor Scott Fredericksen joins CBS News to discuss.
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Military action in Venezuela emerges as an issue in a closely watched GOP primary in Kentucky

Military action in Venezuela emerges as an issue in a closely watched GOP primary in Kentucky 150 150 admin

President Donald Trump’s military intervention in Venezuela has emerged as a flash point in the closely watched Republican primary campaign between Kentucky U.S. Rep. Thomas Massie, a long-running Trump antagonist, and retired Navy SEAL officer Ed Gallrein, who has the president’s backing.

Massie, showing his non-interventionist leanings, fired off a series of social media posts criticizing the dramatic action that captured Nicolás Maduro and removed him from the South American country.

“Wake up MAGA,” Massie wrote. “VENEZUELA is not about drugs; it’s about OIL and REGIME CHANGE. This is not what we voted for.”

The congressman claimed that Trump wrongly circumvented Congress when ordering the attack.

“In the Constitution, the Founders vested war making power in Congress, not the Executive branch,” he wrote.

Gallrein responded that Massie had “shown his true colors” by criticizing the military operation, and said the congressman’s stance “is not what the people of this district expect from a Republican.”

“This operation sends a clear message: the United States will not allow rogue regimes to enable criminal networks or use oil and other resources to fuel our global adversaries,” Gallrein said on social media. “Holding bad actors accountable is how we restore law and order, deter aggression, and protect American families.”

Gallrein added that American intervention “opens the door to a new chapter for the people of Venezuela — one defined not by decades of oppression, but by the possibility of peace and prosperity.”

Gallrein is a farmer and businessman who had a long military career. Gallrein says he was part of the military operation decades ago that toppled another Latin American strongman: Panama’s Manuel Noriega. He is Trump’s choice to challenge Massie, a maverick who has had an up-and-down relationship with Trump.

The primary election in May will test Trump’s hold over Republican politics. The sudden emergence of Venezuela as an issue will test the president’s ability to hold together his coalition during a challenging election year for Republicans that could be defined by domestic concerns like health care and affordability.

The libertarian-leaning Massie has won reelection by lopsided margins since entering Congress in 2012 — even when he incurred Trump’s wrath.

The military action in Venezuela is the latest example of Massie standing up to Trump.

The congressman opposed the massive tax breaks and spending cuts package last year that Trump calls “beautiful” but Massie says will grow the national debt and hurt the economy. Massie said the president lacked authority to attack Iran’s nuclear sites without congressional approval. And Massie was at the forefront of efforts to force the public release of case files on the sex trafficking probe into the late Jeffrey Epstein.

In his bid to unseat the congressman, Gallrein has the president’s vaunted political operation on his side, and a super PAC launched by Trump aides has run ads attacking Massie. But he will confront an entrenched, well-funded incumbent in Massie.

Trump on Monday reiterated his support for Gallrein on his social media platform and urged other Republicans to stay out of the May primary.

“I have heard that there are other Candidates exploring a run for this seat, but I am asking all MAGA Warriors to rally behind Captain Ed Gallrein, the Candidate who is, far and away, best positioned to DEFEAT Third Rate Congressman Thomas Massie, a Weak and Pathetic RINO from the beautiful Commonwealth of Kentucky,” Trump said.

So far, at least two Democrats have filed to run for the congressional seat stretching across northern Kentucky, along with a third Republican besides Massie and Gallrein. The eventual Republican nominee will be heavily favored in a district last represented by a Democrat two decades ago.

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