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US Companies Get Creative As Tariff Refunds Start Flowing In

US companies getting refunds after the Supreme Court struck down President Donald Trump's import tariffs are using the temporary windfall in a range of creative ways.  The refunds are being used to cover rising costs, supplement employee retirement accounts and repay debt. Some are sharing the bounty with vendors. And a number of consumer companies are beefing up their assortment of lower-priced products and offering deals to attract budget-conscious shoppers pinched by the rising cost of living. Companies in the Russell 3000 Index mentioned tariff refunds almost 1,000 times in earnings calls and filings in July, August and September, according to a Bloomberg News analysis, almost four times more than in the previous earnings season. Consumer discretionary and staples companies accounted for more than a third of the references, disclosing the receipt of close to $9.8 billon in refunds during that period. Roughly $166 billion was paid in tariffs under the International Emergenc...
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It Seems 'Kalyug' Has Arrived: High Court On Elderly Couple's Alimony Battle

Faced with a couple aged between 75 and 80 years fighting a legal battle against each other for alimony, the Allahabad High Court on Tuesday made a strong observation, saying it seemed that 'kalyug' (the age of darkness in Hinduism) has arrived. 

Hearing a petition by the husband, Munesh Kumar Gupta of Aligarh, against a family court order in favour of his wife, Justice Saurabh Shyam Shamshery said the legal contest was a matter of concern and also tried to give advice to the couple. 

Mr Gupta's wife had demanded alimony from him and the family court had ruled in her favour. The man challenged the order and, issuing a notice to the wife, the high court said it hoped that they would come to an agreement by the next date of hearing. 
 



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