Author: Daniel snow

Tesla shares drop after Elon Musk plans a new political party

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White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC.Samuel Corum | Getty Images News | Getty ImagesTesla shares fell in premarket trade on Monday after CEO Elon Musk announced plans to form a new political party.The stock was down 7.13% by 4:27 a.m. E.T. Musk said over the weekend that the party would be called the “America Party” and could focus “on just 2 or 3 Senate seats and 8 to 10 House districts.” He suggested…

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AI chip startup Groq expands with first European data center

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Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty ImagesArtificial intelligence semiconductor startup Groq announced Monday it has established its first data center in Europe as it steps up its international expansion.Groq, which is backed by investment arms of Samsung and Cisco, said the data center will be located in Helsinki, Finland and is in partnership with Equinix.Groq is looking to take advantage of rising demand for AI services in Europe following other U.S. firms which have also ramped up investment…

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Trump takes aim at Elon Musk for forming a new political party

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Tesla CEO Elon Musk and U.S. President Donald Trump at the Oval Office of the White House on May 30, 2025.Kevin Dietsch | Getty ImagesU.S. President Donald Trump lashed out against Elon Musk after he formed a new political party, calling the move “ridiculous,” and saying the tech billionaire had gone “completely off the rails.””I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump said in a post on Truth Social late Sunday stateside. “The one thing Third Parties are good for is the creation of complete…

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Trump says countries aligning with BRICS bloc will face extra 10% tariff

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President of the United States Donald J. Trump delivers remarks to a crowd at an America250 rally in Des Moines, Iowa, United States, on July 3, 2025.Kyle Mazza | Anadolu | Getty ImagesU.S. President Donald Trump announced that an additional 10% tariff will be charged to countries “aligning themselves with the anti-American policies of BRICS,” without elaborating.”Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Trump said in a post on Truth Social Sunday evening stateside.Separately, Trump confirmed that the U.S. will start delivering…

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Here are the 2 big things we’re watching in the stock market this week

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Wall Street’s blistering three-month rally on cooling trade tensions will be put to the test this week. It’s an exceptionally light week of economic data and earnings releases, which means every little piece of information investors do get will be magnified. Against that sparse backdrop, President Donald Trump ‘s trade policy ahead of a long-awaited deadline will likely be the dominant market story of the week. The S & P 500 enters this pivotal period at record highs and up 26% from its tariff-driven closing low on April 8. 1. Tariffs: What is going to happen with tariffs before Wednesday,…

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