Commerce Secretary Howard Lutnick asserted that President Trump will not reverse his recently implemented tariffs, characterizing them as a restructuring of global trade. This decision follows retaliatory tariffs imposed by China and the EU. Lutnick’s comments followed a significant market downturn, with major indices experiencing substantial drops as a result of the escalating trade war. He argued the tariffs are necessary to prevent the exploitation of the United States and to promote domestic sales of products like American lobster.
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Following his announcement of sweeping tariffs that caused a significant drop in the U.S. stock market, President Trump traveled to Florida to attend a LIV Golf tournament. His trip included a visit to his Doral golf course and a subsequent dinner, before he spent the night at Mar-a-Lago. The market reacted negatively to the tariffs, with the S&P 500 and Nasdaq experiencing substantial declines, particularly impacting companies with significant overseas manufacturing. The unusual inclusion of uninhabited islands like the Heard and McDonald Islands on the tariff list further fueled criticism.
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Former President Trump lauded Elon Musk’s contributions to America, praising his efforts as “fantastic.” He decried what he characterized as a left-wing boycott of Tesla, framing it as an attack on Musk and his achievements. Trump announced his intention to purchase a new Tesla as a demonstration of support. He linked this action to his own experiences facing similar opposition, further emphasizing his support for Musk.
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The Trump administration, citing pro-terrorist and anti-Semitic activities on college campuses, threatened to defund universities harboring such actions and to punish involved students through imprisonment, deportation, or expulsion. This culminated in the cancellation of $400 million in federal grants to Columbia University. The administration’s actions, targeting a student of Algerian and Palestinian origin, appear ethnically motivated and align with broader immigration enforcement goals. This raises concerns about the suppression of free speech and the targeting of legal immigrants.
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Amidst a backdrop of political commentary and attacks on Tesla, Elon Musk used his X platform to promote the electric vehicle manufacturer. This promotional activity coincided with a significant drop in Tesla’s stock price, exceeding 15% on Monday—one of the worst trading days since its IPO. The decline followed accusations of Musk’s involvement in far-right activities and the launch of a “Tesla Takedown” boycott campaign. Musk responded by falsely accusing prominent figures of funding the protests and spreading unsubstantiated conspiracy theories about attacks on Tesla properties.
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Nasdaq’s ambitious plan to introduce 24-hour trading on its flagship U.S. exchange, slated for the second half of 2026, aims to capitalize on the increasing global demand for U.S. equities. This move, while potentially lucrative for the exchange, raises significant concerns about market stability and fairness.
The current daily pause in trading serves a crucial function: it prevents the market from spiraling into uncontrolled volatility. Removing this buffer could lead to a scenario resembling a crypto pump-and-dump scheme, where rapid price swings become the norm, potentially benefiting only sophisticated, well-resourced players at the expense of retail investors.
Concerns are being raised about the potential for increased market manipulation.… Continue reading
Elon Musk’s net worth has decreased by $110.8 billion from its peak of $464 billion due to a sharp decline in Tesla’s stock price. This drop, influenced by new tariffs announced by Donald Trump, resulted in a single-day loss of $1.5 billion for Musk. Tesla’s stock has fluctuated significantly over the past year, reaching its lowest point since Trump’s election on Tuesday. Despite this substantial loss, Musk maintains influence and potential opportunities for future financial gains.
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Shares in Donald Trump’s social media outlet, Trump Media, have lost about 41% of their value in just three days, based on slowing expectations about the former president’s re-election prospects. The shares, which trade under the ticker “DJT”, have become a barometer of how traders think the presidential election will turn out. The company’s shares, which quadrupled in value between 23 September and Tuesday’s closing bell, from $10.3bn to $5.9bn, have been extraordinarily volatile all year. Despite a relatively tiny user base, at one point Trump Media was briefly worth more than Twitter. George Kailas, CEO of Prospero.ai, explained that this is typical behaviour for a meme stock.
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As I witnessed the recent global stocks rout and subsequent bounce-back on Wall St, I couldn’t help but marvel at the speed at which the market fluctuated. The real reason behind this sudden sell-off, as some sources indicated, was Japan raising their interest rates, leading to margin calls that forced big money players to sell stocks to cover their losses. It’s fascinating to see how interconnected the global financial system truly is.
The fact that the US stock market managed to recover so quickly shouldn’t come as a surprise. It goes to show that perhaps we shouldn’t be quick to panic over a single day’s movement, especially for those of us with long-term investments like 401ks that are decades away from retirement.… Continue reading
I woke up this morning to a barrage of news alerts about Japan’s stock market taking a colossal plunge of 4,451 points, surpassing the infamous Black Monday crash of 1987. The Nikkei Stock Average recorded its worst-ever daily sell-off, closing down 12.4% at 31,458.42. Panic selling ensued, triggered by fears of a looming U.S. recession and the yen’s unexpected surge in strength. As a resident in Japan, it’s concerning to witness such a drastic decline, especially when compared to historical events like Black Monday.
The recent market turmoil has been exacerbated by Japan’s Bank of Japan raising interest rates to 0.25%, a move that caught many investors off guard.… Continue reading
John Q. Hosedrinker 
Matt Underwood