News
Trump, Musk feud causes major Tesla market drop
Trump and Musk feud over electric vehicle tax credits, causing Tesla’s market value to plunge by $152.4 billion.
Trump and Musk feud over electric vehicle tax credits, causing Tesla’s market value to plunge by $152.4 billion.
Trump and Musk’s heated argument over policy led to a major rift, with Musk accusing Trump of ingratitude despite his past support. This dispute caused Tesla’s market value to plummet by $152.4 billion, highlighting shifts in political relationships and their economic implications.
President Trump and Elon Musk engaged in a heated exchange of insults on Thursday, leading to a significant rift in their relationship.
Trump accused Musk of experiencing “Trump derangement syndrome,” suggesting that Musk’s criticism of his legislative agenda stemmed from the repeal of electric-vehicle tax credits.
Musk, who invested heavily to support Trump’s election bid, retaliated by stating that Trump was ungrateful and implied that he would not be president without Musk’s backing.
This public dispute resulted in a notable decline in Tesla’s market value, which dropped by approximately $152.4 billion—the largest single-day decline recorded for the company.
Big, beautiful bill
The conflict was sparked by Musk’s vocal opposition to Trump’s proposed “one big, beautiful bill.” The legislation seeks to extend and expand tax cuts, while also allocating funds for border enforcement and the military, all of which are partially offset by cuts to Medicaid, food aid, and clean-energy tax credits.
The fallout from this exchange highlights the changing dynamics in American political relationships, particularly in the context of influential figures such as Musk and their impact on policy discussions and market behaviour.
Crypto
Bitcoin rally raises sustainability fears
Bitcoin surges past $124K, gaining $1,300 in 24 hours, but analysts warn of fading momentum amid weakening network activity.
Bitcoin surges past $124K, gaining $1,300 in 24 hours, but analysts warn of fading momentum amid weakening network activity.
Bitcoin has surged past $124,000, adding more than $1,300 in just 24 hours, one of its strongest rallies this quarter.
But analysts warn the momentum could be fading, as on-chain data shows network activity weakening despite rising prices.
#bitcoin #money #bitcoinsurge #tickernews
News
New Ticker TV show The Connector launches to bridge Australia-UK
Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK ties through insightful conversations
Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK ties through insightful conversations
– Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK opportunities through dialogue.
– It comes as Prime Minister Albanese promotes strong ties with London, emphasising cultural and economic connections between the nations.
Belinda Coates brings extensive experience in executive and advisory roles across various sectors. She is driven to reshape industries and create opportunities on both sides of the world.
Ahron Young, CEO of Ticker Studios, stated that now is the ideal time to highlight the talent and capital flowing between Australia and the UK. The Connector aims to spotlight innovators and changemakers bridging industries and borders.
“With so much talent and capital flowing between Australia and the UK, this is exactly the right time to tell these stories. The Connector will spotlight the innovators, leaders, and change-makers building bridges across industries and borders.”
Focus on people
Coates explained the programme’s focus on people, showcasing visionaries shaping the future and exploring collaboration’s role in generating opportunities. The show aims to inspire with stories highlighting resilience, growth, and ambition.
“This show isn’t about dry trade figures or policy—it’s about people. We’ll showcase the visionaries shaping the future in both countries, explore how collaboration sparks opportunity, and inspire audiences with stories of resilience, growth, and shared ambition.”
The Connector will debut on Ticker’s global streaming network this month, with new episodes released weekly. It will feature guest experts from various sectors, addressing relevant topics like housing affordability and building stock revitalisation.
News
Big tech’s influence on copyright threatens Australian creators
Michael Miller warns AI’s data exploitation may harm journalists’ rights, reminiscent of past tech threats to Australian media. #bigtech #ai
Michael Miller warns AI’s data exploitation may harm journalists’ rights, reminiscent of past tech threats to Australian media. #bigtech #ai
News Corp Australasia’s executive chairman, Michael Miller warns that the ambition of AI companies to exploit data without fair compensation may undermine the rights of journalists and artists.
The approach of major tech companies during the digital revolution could resurface, threatening Australian media and content creators if copyright laws are eased.
-
Shows2 days agoData-driven insights for maximising property investment returns
-
Tech4 days ago
Meta locks in NVIDIA GPUs with CoreWeave until 2031
-
News4 days ago
L.A. entertainment industry struggles amid mass job losses
-
Tech2 days ago
OpenAI revises Sora policy after Hollywood backlash
-
Ticker Views5 days ago
Is China’s reported ban on BHP a bluff, or a glimpse of the future?
-
Tech2 days ago
Indonesia lifts TikTok suspension after compliance with requests
-
Money4 days ago
Bitcoin rises as a safe asset during shutdown
-
Money2 days ago
How do banks assess you for a home loan?
