Financial Summary: Monday, July 7, 2025

U.S. stock futures are declining as President Trump announces a reset of tariffs to August 1, raising market concerns.

Tesla's stock dropped 7%, leading to significant profits for short sellers amid concerns over Elon Musk's new political party.

The Dow Jones fell 500 points, with the S&P 500 and Nasdaq also declining due to tariff uncertainties and political developments.

Indian markets remain range-bound as investors await key earnings reports, particularly in real estate and healthcare sectors.

The U.S. dollar faces challenges after its worst first-half return in 52 years, affecting investment strategies.

Jack Dorsey has launched Bitchat, a new peer-to-peer messaging app that uses Bluetooth mesh networks, challenging WhatsApp.

Waymo is expanding its autonomous vehicle testing to Philadelphia, marking its entry into the Northeastern U.S. market.

Samsung Electronics expects a 39% drop in Q2 profit due to weak AI chip sales, highlighting ongoing challenges in the tech sector.

Deloitte's survey reveals UK firms are becoming more cautious about US investments amid economic uncertainties.

Nvidia's stock is projected to grow significantly in the latter half of the year, driven by strong demand for AI technologies.

Private equity firms are competing to acquire Nuvama Wealth as its stock price declines amid manipulation charges.

Adani Enterprises plans to raise ₹1,000 crore through non-convertible debentures to manage its debt repayment.

Dixon Technologies receives a 'Buy' rating with a projected 25% upside due to growth in India's electronics manufacturing sector.

Nykaa forecasts mid-20s revenue growth in Q1 FY26, driven by strong performance across all segments.

Morgan Stanley predicts a $60 billion increase in Reliance Industries' market value as it integrates AI with its new energy business.

CoreWeave announces a $9 billion all-stock acquisition of Core Scientific to enhance its AI infrastructure.

Tesla shares fell nearly 7% in premarket trading amid concerns over Elon Musk's focus following his announcement of a new political party.

Apple's 'F1: The Movie' has become the studio's highest-grossing film ever, nearing $300 million at the global box office.

Experts have identified three key indicators of underperformance in 401(k) plans and proposed strategies for improvement.

Elon Musk's proposed reforms for Social Security have been criticized for not adequately addressing the program's annual deficit.

BRICS nations struggle to implement a local currency for trade, leaving their initiative unfulfilled.

China boosts exports through Southeast Asia to bypass U.S. tariffs, increasing shipments to ASEAN and the EU.

Former President Trump issues a tariff ultimatum with a deadline of August 1, affecting global trade relations.

The U.S. is moving towards mass deportation under the Trump administration, marking a significant immigration policy shift.

Hitachi Energy warns that rising demand for AI technology could lead to global supply risks in the energy sector.

Russian transport minister Roman Starovoyt reportedly dies by suicide amid a corruption investigation.

The UK new car market sees a significant rise in electric vehicle sales in June, according to the SMMT.

President Trump announces a 25% tariff on imports from Japan and South Korea, effective August 1.

UK officials are considering higher taxes on the wealthy as they prepare for a challenging autumn Budget.

The UK steel industry is optimistic about avoiding a 50% tariff from the US, with a deadline for trade agreements approaching.

ICICI Securities forecasts over 15% revenue growth for Indian defence firms in FY26, driven by strong demand and key contracts.

Motilal Oswal predicts a significant shift in India's earnings growth in Q1FY26, signaling a broad recovery across multiple sectors.