Markets are ignoring global instability – but a reckoning looms July 3, 2025 Despite simmering political crises and looming economic risks, markets are riding a low-volatility sugar high – fuelled by central bank interventions – but the longer reality is ignored, the sharper the eventual correction, says Helen Thomas With markets taking an early summer holiday, basking in the glow of record highs for the S&P500, it can [...]
Be careful Trump. Deporting Elon Musk would hand space travel to China July 2, 2025 Without Musk's SpaceX, the US would be second place to China. If Trump deports Elon Musk, he'll set US space travel back decades.
Trump threatens to deport Elon Musk amid spending bill feud July 1, 2025 President Donald Trump has escalated his public feud with Elon Musk, suggesting the country’s immigration enforcement system could be turned against the Tesla and Space X chief. This was triggered by Musk’s renewed attacks on the Republican-backed tax and spending ‘one big beautiful bill’ currently under Senate debate. Speaking to reporters on Tuesday while heading [...]
Profit almost doubles at Elon Musk’s Starlink as sales surge June 24, 2025 Turnover at Starlink, Elon Musk’s satellite internet constellation, spiked in the UK as its profit almost doubled in 2024, it has been revealed. New accounts filed with Companies House show that Starlink’s turnover increased from £2.5m to £4.2m during its latest financial year. Starlink’s pre-tax profit also rose from £121,166 to £203,456. A statement signed [...]
Elon Musk says his Trump attacks “went too far” June 11, 2025 Elon Musk said on Wednesday he regrets a series of social media posts attacking US President Donald Trump, suggesting a potential truce in what had become one of the most volatile public splats between two of the Republican party’s most powerful influencers. “I regret some of my posts about President Donald Trump last week. They [...]
In Musk v Trump, the markets will win June 6, 2025 City AM columnist Rainer Zitelmann has been predicting a rift between Musk and Trump ever since the two started working together. Now that this has happened, the French daily newspaper L’Express has spoken to him again. The interview was conducted by Thomas Mahler. “I never believed that the alliance between Elon Musk and Donald Trump would last,” [...]
Trump and Musk: Explosive row engulfs Washington June 5, 2025 The relationship between US President Donald Trump and billionaire Elon Musk has descended into threats, abuse and accusations. A disagreement over the merits of Trump’s tax and spending legislation has turned into a dramatic feud, with Trump saying he was “surprised” at Musk’s criticism of his “big, beautiful” bill. “Elon and I had a great [...]
Scottish Mortgage: City brokers back Baillie Gifford trust June 3, 2025 Scottish Mortgage has received the backing of a host of City brokers, boosting the £12bn Baillie Gifford trust’s stock price by 1.5 per cent today. One of the largest investment trusts in the UK, Scottish Mortgage, released its full-year results two weeks ago, with its underlying assets growing 11.2 per cent over the year, compared [...]
Musk Trump rift: Why did the Tesla chief walk away from the White House? June 2, 2025 Elon Musk has confirmed his departure from Donald Trump’s administration, formally stepping down from his high profile role leading the Department of Government Efficiency (DOGE) – a controversial experiment in federal downsizing that, true to its meme-inspired acronym, has dominated headlines and ignited deep political debate in Washington. The billionaire tech entrepreneur, who last year [...]
How capitalism will conquer space May 29, 2025 The world’s first trillionaire will be the head of a space-based business, predicts Rainer Zitelmann Space is the most undervalued industry in the world. It is particularly unappreciated in Europe, which has now fallen hopelessly behind the United States and China. The US carried out 153 launches last year, China 68 and Europe three. The [...]