Investment firm Azoria Partners announced it would delay the launch of its Tesla ETF following Elon Musk's declaration of forming a new U.S. political party.
Musk's announcement came after he polled his followers on X, saying, "Today the America Party is formed to give you back your freedom." Azoria had planned to launch the ETF next week, which would invest in Tesla shares and options. However, Azoria CEO James Fishback criticized Musk's political move and called for clarification on whether his political ambitions align with his CEO role at Tesla.
The delay of the ETF highlights concerns among investors about Tesla's future, especially after Musk stepped back from his government role in May. Tesla did not respond to requests for comment.
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OPEC+ has agreed to raise oil production by 548,000 barrels per day in August, accelerating output increases amid geopolitical tensions and pressure from U.S. President Donald Trump to help ease fuel prices.
The 17th Summit of the Economic Cooperation Organization (ECO) took place in Khankendi on 3–4 July 2025, focusing on “A New Vision of ECO for a Sustainable and Climate-Resilient Future.” The summit, initiated by President Ilham Aliyev, highlighted reconstruction in liberated territories and set econ
Japan plans to export six used naval destroyers to the Philippines to bolster its maritime defence capabilities against China's growing presence, Japanese media reported Sunday.
President Donald Trump has signed into law a $170 billion immigration enforcement package, setting the stage for an unprecedented expansion of U.S. border and deportation infrastructure.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
China's finance ministry announced on Sunday that it is imposing restrictions on imports of medical devices from the European Union valued over 45 million yuan ($6.3 million).
Ingram Micro INGM.N said on Saturday it recently identified ransomware on certain of its internal systems.
Microsoft is closing its direct operations in Pakistan after 25 years, shifting to a partner-led model to serve the market.
The European Union will drastically reduce imports of Ukrainian wheat and sugar, by up to 80%—to protect its farmers, a move expected to shift Ukraine's exports toward Asia and Africa.
The Bank of England has launched a public consultation on future banknote designs.
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