Musk row with Trump is ‘damaging’ Tesla, warns Wall Street
From Yahoo Finance: 2025-06-09 13:09:00
Alphawave IP agreed to a $2.4bn takeover by US firm Qualcomm, boosting its shares by 19%. UK companies attract acquirers more than investors. London markets have flourished, with UK companies still seen as undervalued. FTSE 100 closed flat, while the FTSE 250 gained 0.6%.
Global markets await US-China trade talks in London. German Dax fell 0.5%, French Cac 40 lost 0.2%. S&P 500 up 0.1%, Nasdaq up 0.3%, Dow Jones down 0.1%. MSCI World index up 0.2%. Oil rises on positive trade talk expectations, Brent crude at $67.
Canadians shun US holidays amid Trump’s trade war. Only 10% plan to visit, down from 23% last year. Statistics Canada shows a 35% drop in Canadians driving to the US in April. US-China trade deal unlikely due to hawkish US officials.
US stocks flat as trade talks begin in London. S&P 500 flat, Nasdaq up 0.4%, Dow down 0.4%. Hope for lower tariffs boosts S&P 500 close to all-time high. Trump’s immigration crackdown threatens US economy’s growth potential.
Moody’s warns Trump’s immigration crackdown will halt US growth. Labour force growth at a standstill, impacting construction, agriculture, hospitality, and retail. Shift from foreign to local labour may raise inflation, worsen tariffs’ effects.
Tesla stock downgraded after Musk’s feud with Trump. Shares drop 4.5% as analysts warn of uncertain outlook. Musk calls for Trump’s impeachment, leading to brand damage concerns. US-China trade talks crucial for Tesla’s demand.
US seeks rare earth deal with China in London talks. US adviser pushes for easing export controls. Crude rises ahead of talks. China holds trade negotiation edge with rare earths.
Wall Street higher as US-China trade talks begin. Dow Jones, S&P 500, Nasdaq edge up. Chinese exports slow due to US tariffs. Stock markets rally in Asia amid trade talks.
China seeks deeper UK financial ties amid US trade talks. Vice premier calls for stable relationship. China inflation drops, posing challenges for economy. Dollar weakens ahead of trade talks.
China’s rare earth monopoly key in US-China trade talks. Scramble to resolve rare earth issue shows China’s leverage. Beijing addressing concerns, aiming for conciliation. Analysts expect US-China trade tensions to continue.
Government borrowing costs fall ahead of US-China talks. UK gilt yields decline. US interest rate cuts delayed due to strong job market. Citigroup cuts rate cut forecast, raising S&P 500 target.
Emerging market currencies hit record high. Dollar weakens amid trade talk hopes. Global markets pin hopes on US-China talks in London. Oil prices steady ahead of US-China negotiations.
Semiconductor company Alphawave IP agrees to $2.4bn takeover. Deal marks fresh blow to London Stock Exchange. Global markets mixed as US-China talks begin. Asian stocks rise ahead of trade negotiations.
Read more: Musk row with Trump is ‘damaging’ Tesla, warns Wall Street