Doug Krisner

Today, the high court ruled President Trump has broad authority to end legal protection for people from crisis-ridden countries.

Now, this decision opens the prospect of deportation for some 350,000 Haitians and 7,000 Syrians.

Voting 6-3, the court rejected the argument that the Trump administration engaged in unconstitutional racial discrimination by stripping Haitian and Syrian migrants of their so-called temporary protected status.

At the same time, the high court threw out a jury verdict won by a Missouri man who blamed the Roundup weed killer for his non-Hodgkin lymphoma.

It was a victory for chemical giant Bayer, which had appealed that jury verdict.

The high court said consumers cannot sue Bayer for the absence of a cancer warning on the product's label since federal regulators concluded a cautionary statement was not necessary.

Shares in Bayer jumped 16% in trading in Germany.

The Fed's preferred measure of inflation came in hot for the month of May.

Core PCE, which does not include energy prices, rose last month at an annual rate of 3.4%.

Joe Livornia is the chief economist at SMBC Nikko Securities.

He says no matter where you look, inflation is an issue.

Livonia also mentioned that the Fed's next move may be a rate hike rather than a cut.

Apple is boosting prices on Macs and iPads by about 20%.

The company is looking to offset increased costs due to a shortage of memory chips and storage.

Bloomberg's Mark Gurman calls the move unprecedented.

That is Bloomberg's Mark Gurman, and he went on to say that iPhones appear to be spared from these price hikes.

Shares in Apple were down today by more than 6%.

And Microsoft is being impacted by higher cost for components as well.

It's the reason why the company announced a third substantial price increase for its current generation of Xbox video game consoles.

Today, Microsoft shares were down 3.5%.