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Musk Announces New "American Party" — Tesla Shares Tumble Over 7% Amid Valuation Fears
TradingKey — In a surprise move that sent shockwaves through financial markets, Tesla CEO Elon Musk announced the formation of a new political party—dubbed the “American Party”—on his social media platform X, shortly after midnight Eastern Time on July 5, 2025.
TradingKey
Mon, Jul 7
China retaliates against EU ban with import restrictions on medical devices
HONG KONG, July 6 (Reuters) - China's finance ministry said on Sunday it was restricting government purchases of medical devices from the European Union that exceed 45 million yuan ($6.3 million) in value, in retaliation to Brussels' own curbs last month.Tensions between Beijing and Brussels...Reuters
Mon, Jul 7
European shares mixed on caution ahead of US tariff deadline
July 7 (Reuters) - European shares were mixed on Monday, with investors alert for any trade-related headlines in the countdown to U.S. President Donald Trump's tariff deadline.The pan-European STOXX 600 index .STOXX was flat at 541.08 points, as of 0709 GMT. Other major regional indexes were mix...Reuters
Mon, Jul 7
FOREX-Dollar drifts near multi-year lows as Trump tariff deadline looms
Moratorium on "Liberation Day" levies ends on WednesdayHigher tariff rates to come into effect from August 1Aussie, NZ dollars decline ahead of central bank decisionsBy Kevin Buckland TOKYO, July 7 (Reuters) - The U.S. dollar drifted close to its lowest level since 2021 against the euro a...
Reuters
Mon, Jul 7
Trump threatens extra 10% tariffs on BRICS as leaders meet in Brazil
RIO DE JANEIRO, July 6 (Reuters) - President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday.Reuters
Mon, Jul 7
Trump threatens extra 10% tariffs on BRICS as leaders meet in Brazil
Trump says countries aligning with 'Anti-American policies' of BRICS to face extra tariffsLula draws parallel with Cold War's Non-Aligned Movement Group condemns rising tariffs, attacks on Iran and GazaXi Jinping skips, Putin online, Modi and Ramaphosa presentBy Lisandra Paraguassu and M...Reuters
Mon, Jul 7
Stocks slip as US shifts tariff goalposts, oil skids
SYDNEY, July 7 (Reuters) - Stock markets slipped in Asia on Monday amid confusion as U.S. officials flagged a delay on tariffs but failed to provide specifics on the changes, while oil prices slid as OPEC+ opened the supply spigots more than expected.Reuters
Mon, Jul 7
Japan's Nikkei falls on caution ahead of Trump tariff deadline
TOKYO, July 7 (Reuters) - Japan's Nikkei share average fell on Monday as cautious investors weighed the details of U.S. President Donald Trump's tariffs and their impact on corporate outlook.The Nikkei .N225 fell 0.46% to 39,628.41 by the midday break, after opening margin...
Reuters
Mon, Jul 7
Japanese Yen weakens as dismal wage growth data tempers early BoJ rate hike bets
The Japanese Yen (JPY) edges lower against its American counterpart at the start of a new week following the release of weaker domestic data. Real wages in Japan fell for the fifth straight month in May, at the fastest pace in nearly two years amid persistent inflationary pressures.Fxstreet
Mon, Jul 7
Samsung Elec Q2 profit likely to drop 39% on weak AI chip sales
SEOUL, July 7 (Reuters) - Samsung Electronics 005930.KS is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying advanced memory chips to artificial intelligence chip leader Nvidia NVDA.O.Reuters
Mon, Jul 7
UK firms lose taste for US investment, Deloitte survey shows
By Andy Bruce July 7 (Reuters) - The attractiveness of the United States as an investment destination has plunged in the eyes of British business executives who now see opportunities closer to home, a survey showed on Monday.Deloitte's survey of chief financial officers at major British firms...Reuters
Mon, Jul 7
Trump says tariff letters to go out to other countries from Monday afternoon
July 6 (Reuters) - President Donald Trump said late on Sunday that the U.S. will start delivering tariff letters to other countries starting 12:00 pm ET (1600 GMT) on Monday."I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the Worl...Reuters
Mon, Jul 7
Samsung Elec Q2 profit likely to drop 39% on weak AI chip sales
Samsung's Q2 profit seen at 6.3 trln won, down from 10.4 trln won prior yearSupply of advanced AI chips to Nvidia fell behind targeted schedule, analysts sayUncertainty surrounding U.S. trade policy remains riskBy Heekyong Yang SEOUL, July 7 (Reuters) - Samsung Electronics 005930.KS is expect...Reuters
Mon, Jul 7
South Korea's LG Energy Solution says Q2 profit likely up 152% on year
SEOUL, July 7 (Reuters) - South Korea's LG Energy Solution (LGES) 373220.KS, an electric car battery supplier for General Motors GM.N and Tesla TSLA.O, on Monday estimated a 152% rise in its quarterly operating profit.Reuters
Mon, Jul 7
