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Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump is not authorized to impose sweeping tariffs on imports under an emergency-powers law.
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The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.
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The court ruling raises the real question about whether the wider so-called reciprocal tariffs due in July will ever come in to effect.
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