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Tag: Market Reaction

US Markets Reopen to Tariff Uncertainty as Bessent Signals Alternative Enforcement

US Markets Reopen to Tariff Uncertainty as Bessent Signals Alternative Enforcement

US Markets Reopen to Tariff Uncertainty as Bessent Signals Alternative Enforcement U.S. financial markets are poised to react today, September 2, 2025, following a long Labor Day weekend, to a federal appeals court’s recent ruling that deemed most of former President Donald Trump’s tariffs illegal. The decision, announced after market close on Friday, August 29, has set the stage for a potential showdown at the U.S. Supreme Court. Adding another layer of complexity, U.S. Treasury Secretary Scott Bessent indicated on…

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Elon Musk’s Political Party Bid Sends Tesla Shares Tumbling, Draws Trump’s Rebuke

Elon Musk’s Political Party Bid Sends Tesla Shares Tumbling, Draws Trump’s Rebuke

Elon Musk’s Political Party Bid Sends Tesla Shares Tumbling, Draws Trump’s Rebuke Tesla’s stock experienced a significant downturn in premarket trading, dropping 7% following CEO Elon Musk’s weekend announcement of his intention to launch a new political entity, the ‘America Party.’ Musk stated the party would strategically target a limited number of Senate and House seats, aiming to become a decisive voting bloc on contentious legislation. This latest political foray by the billionaire has reignited concerns among investors already grappling…

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