What's Happening
The Supreme Court's decision to strike down President Trump's signature tariffs has led companies like Steve Madden to withhold profit guidance, citing uncertainty. Meanwhile, Aston Martin blames U.S. tariffs for its decision to cut 20% of its workforce.
Market Impact
Steve Madden's stock fell as investors reacted to the lack of profit guidance, while Aston Martin's workforce reduction signals broader industry challenges. The ruling could influence consumer prices and corporate earnings forecasts.
Broader Implications
This decision could reshape U.S. trade policy and impact international relations, particularly with countries affected by the tariffs. Companies may need to adjust strategies amid shifting trade landscapes.
