Trump’s former trade architect says the president can’t backtrack on tariffs because he’s ‘too committed’ now: ‘That would be a pretty horrific decision’

Axon Enterprise, the maker of Tasers, has reported disappointing profits that fell short of expectations, leading to a significant drop in its shares. The company is facing challenges due to tariffs, which have impacted its financial performance.

Tuesday marked a tough day for retail traders, experiencing their worst performance since the chaotic days of April linked to Donald Trump's trade war. The stumble in the tech rally has left many feeling uncertain about the market.

Trump's recent visit to China has highlighted the shortcomings of his tariff strategies, showing that despite significant global repercussions, only limited progress has been achieved. This situation poses serious challenges for American businesses and consumers alike.

This year, America's wealthiest billionaires saw their fortunes swell by a staggering $698 billion, while the average home gained just $83,000. This stark contrast highlights the growing wealth gap, which could widen even further due to President Trump's tax policies, job shortages, and the threat of a recession. It's a concerning trend that raises questions about economic fairness and the future stability of the middle class.

Recent reports indicate that tariff revenue under Trump's administration has seen a significant increase, which is noteworthy given the ongoing national debt crisis. However, the overall deficit remains a staggering $1.8 trillion, about 6% of GDP. This situation raises concerns about the sustainability of such revenue, especially if the Supreme Court decides to strike down these tariffs. Understanding the implications of these financial dynamics is crucial as they could impact economic policy and fiscal health moving forward.

Nigeria is moving forward with its plan to sell $2.3 billion in eurobonds, despite recent threats from US President Donald Trump regarding military action against Islamist militants in the region. This decision is significant as it demonstrates Nigeria's confidence in its financial strategy and its ability to attract investors even amidst geopolitical tensions. The eurobond sale could provide crucial funding for the country's development projects and economic stability.

A judge appointed by Obama has provided a potential 'roadmap' that could assist Trump in his ongoing Supreme Court case regarding tariffs. This development is significant as it may influence the outcome of the case, which has implications for trade policies and economic strategies in the U.S. The insights from this judge could reshape arguments and strategies, making it a pivotal moment for both the Trump administration and the broader economic landscape.

Stanley Black & Decker has announced a disappointing third-quarter profit and revised its full-year outlook downward, primarily due to the impact of tariffs and a decline in consumer spending on DIY projects. This news is significant as it highlights the challenges faced by the company in a tough economic environment, which could affect its future growth and investor confidence.

Kennedy-Wilson has received an exciting buyout proposal from its CEO and Fairfax Financial, indicating strong confidence in the company's future and potential growth.

Lilly and Novo are reportedly close to agreements that could lower the prices of obesity drugs and improve access to Medicare. This development is seen as a positive step towards making essential medications more affordable for those in need.

AMD has announced significant increases in both profits and sales for the third quarter, driven by its expansion into AI data centers and a rise in personal computer processor sales.

Today's trading day reflects the ongoing uncertainties in US politics, with investors closely monitoring market trends and economic indicators. The political landscape continues to influence trading decisions, leading to a cautious approach among market participants.

Ramaco Resources is set to launch a $300 million offering of convertible notes, signaling a strong move to attract investment and bolster its capital. This initiative reflects the company's confidence in its growth potential and aims to enhance its financial flexibility.

Apollo CEO Marc Rowan has reassured investors by addressing concerns about the market's health, highlighting the positive earnings in the private-credit sector.