Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party Elon Musk said he would form a new political party called the "America Party" https://www.cnbc.com/2025/07/07/tesla-tsla-shares-today.html

Private credit's trillion-dollar boom is fueling warnings of a hidden financial contagion Private credit has swiftly emerged as one of the hottest corners of global finance, and its rapid rise is prompting alarm bells. https://www.cnbc.com/2025/07/07/private-credit-boom-could-be-ticking-time-bomb-for-next-financial-crisis-pik-loans-risk.html

This Chinese jeweler is using traditional techniques to challenge Cartier — and it's starting in Singapore Chinese jewelry company Laopu Gold takes aim at global luxury giants with its first store outside the country in Singapore. https://www.cnbc.com/2025/07/07/laopu-gold-cartier-lvmh-richemont-chow-tai-fook-marina-bay-sands-china-singapore.html

European markets set to open mixed amid fresh U.S. tariff threats Join CNBC for the news that's moving markets. https://www.cnbc.com/2025/07/07/europe-stock-markets-live-tariffs-stoxx-600-ftse-100-dax.html

AI chip startup Groq expands with first European data center Groq, which is backed by investment arms of Samsung and Cisco, said the data center will be in Helsinki, Finland. https://www.cnbc.com/2025/07/07/ai-chip-startup-groq-expands-with-first-european-data-center.html

Trump says Musk has gone 'off the rails' after Tesla CEO announces new political party Elon Musk said in a post on X Saturday that he had set up the "American Party" to compete against the Republican and Democratic parties. https://www.cnbc.com/2025/07/07/trump-takes-aim-at-elon-musk-for-forming-a-new-political-party-.html

Trump says countries aligning with BRICS policies will face additional 10% tariff Trump confirmed that the U.S. will start delivering letters on Monday, detailing tariff rates and any agreements reached with various trading partners. https://www.cnbc.com/2025/07/07/trump-says-countries-aligning-with-brics-bloc-will-face-extra-tariff.html

CNBC Daily Open: Most people don't start a political party after separation It might be easier to realize Musk's dream of colonizing Mars than to bridge the political aisle in the U.S. government today. https://www.cnbc.com/2025/07/07/cnbc-daily-open-most-people-dont-start-a-political-party-after-separation.html

Stock futures fall after Trump team says tariffs will go into effect on Aug. 1: Live updates Wall Street is coming off a holiday-shortened week during which the S&P 500 and Nasdaq Composite posted fresh all-time highs. https://www.cnbc.com/2025/07/06/stock-market-today-live-updates.html

Asia-Pacific markets set for mixed open after Trump moves tariff rollout to Aug. 1 Treasury Secretary Scott Bessent said that tariffs introduced in April will be enforced starting August 1 for countries that haven't struck a deal. https://www.cnbc.com/2025/07/07/asia-stock-markets-today-live-updates-nikkei-225-asx-200-hang-seng-kospi-csi-300-nifty-50.html