Thailand to Withdraw Casino Bill as Ruling Bloc Hit by Crisis
A motion to withdraw the so-called 'entertainment complex' bill from the current session of parliament will be raised on July 9 when it was previously slotted for consideration, government whip Visuth Chainaroon told reporters on Monday.
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Yahoo
an hour ago
- Yahoo
Tesla slides 7% as Musk's 'America Party' reignites investor angst
By Joel Jose (Reuters) -Tesla shares fell nearly 7% in premarket trading on Monday, after CEO Elon Musk's plans to launch a new U.S. political party reignited investor concerns about his commitment to the electric-vehicle maker's future. Musk, the former head of the Department of Government Efficiency (DOGE), unveiled the 'America Party' on Saturday, voicing his displeasure over President Donald Trump's 'One Big, Beautiful Bill'. Musk's move marks a fresh escalation in his feud with Trump and comes close on the heels of Tesla posting a second straight drop in deliveries, further denting investor confidence in the stock that has lost more than 21% so far this year. Trump and Musk's relationship erupted into an all-out social media brawl early June over the tax bill, with the U.S. president threatening to cut Musk's government contracts and subsidies. "Investors are worried about two things – one is more Trump ire affecting subsidies and the other, more importantly, is a distracted Musk," said Neil Wilson, UK investor strategist at Saxo Markets. Musk, who spent nearly $300 million backing Trump and other Republicans last year, said in May he would scale back political spending and remain Tesla CEO for another five years, aiming to ease investor concerns over his focus and government ties. "Investors had cheered Musk stepping back from frontline politics but are now worried he's going to (get) sucked back in and take his eye off Tesla," Wilson added. The first signs of investor unease surfaced soon after Musk's announcement, with investment firm Azoria Partners delaying the listing of a Tesla exchange-traded fund, Azoria CEO James Fishback said in a post on X. Trump on Sunday called Musk's plans to form the "America Party" "ridiculous," saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business interests in space. Wedbush analyst Dan Ives, a Tesla bull, said many of the company's investors are feeling a "sense of exhaustion" over Musk's insistence on immersing himself in politics. Tensions with Trump, struggling sales and an aging vehicle line-up have weighed heavily on Tesla's stock, even as the company bets on growth from autonomous vehicles. The stock, which soared to over $488 in December after Trump's November re-election, has lost 35% since then and closed last week at $315.35.
Fox News
an hour ago
- Fox News
Ex-liberal cable stars Jim Acosta, Joy Reid float 2026 midterm conspiracies about Trump
In less than a week, two former liberal cable news stars who were essentially discarded by their former networks this year floated conspiracy theories that President Donald Trump will rig next year's midterms. Ex-CNN anchor Jim Acosta and ex-MSNBC anchor Joy Reid, who were among the media's sharpest critics of Trump's refrain about not really losing the 2020 election, openly speculated next year's midterms won't be on the level. "I don't think Trump intends to leave office," Reid told far-left writer Wajahat Ali on his Substack last week. "I've been very clear about that. I think he intends to stay in office like Putin till he dies." "Whenever Democrats say to me, 'this is the reason we have to coalesce for 2026,' I always add to the end of their sentence, 'Yeah, assuming we actually have free and fair elections,'" Reid also said in the segment. "I think it's insane, honestly, to just assume we're going to have normal elections next year." Reid, disparaging the Republican "big, beautiful bill" as a "bulls--t bill" in line with Democratic National Committee talking points, cited House Republicans who supported Trump's legislation in spite of their reservations about it. She claimed their behavior suggested they weren't worried about being re-elected next year. "The way Trump is behaving, he's not acting like somebody who worries that his party will lose power or that even if somehow we had normal elections and Democrats took control of either the House or the Senate, he's not acting like somebody who's worried about the consequences of that," she said. Last Tuesday, Acosta wondered aloud to Democratic strategist James Carville if the 2026 midterms could be rigged by Trump or adviser Stephen Miller. "In the short word, yes," Carville said in response to Acosta repeating a viewer of his Substack show asking whether they believe Trump will end up "tampering" with the midterm votes. "In the longer words, very." "I don't put anything past him — nothing — to try to call the election off, to do anything he can," Carville added. "He can think of things like that, that – that, you know, we can't because we're not accustomed to thinking like that. We always assume there's going to be an election." "This is scary s--t," Acosta chimed in at one point. "President Trump has taken more action to restore the integrity of our elections on behalf of the American people than any president in modern history. According to the Democrats, voter fraud doesn't exist – but clearly they are already searching for copouts preparing to lose big again in the midterms," a White House spokesman told Fox News Digital in response. The far-left Reid was abruptly fired by MSNBC in February; in November 2022, she said only Democrats accept election results when they lose. Acosta quit CNN in January after he was asked to move from dayside programming to a midnight show. He once mocked Trump's 2020 election claims as "the big cry." Last month, former CNN host Don Lemon didn't dismiss comedian Kathy Griffin's suggestion that the 2024 election was also fixed. "I'm Kathy Griffin and I do not think Trump won in a free and fair election," Griffin said. "I believe there was tampering. I don't know if it was the Elon [Musk] connection. I don't know if it was just a few good old boys in the South who didn't do, you know, I mean what they accuse us of." "You're not far off," Lemon said. "I mean I won't say that I disagree with you… But I'm an evidence person. I'd like to see the evidence. I think something was off, and especially when someone said, 'oh, we've got this.' And, you know, how do you know that? How do we know we've got this? How do you know, or 'I don't need your vote' or anything like that. It's a little bit odd." In the past two midterms, the sitting president's party lost control of the House. In 2018, during Trump's first term, Democrats won back control of the chamber for the first time since the GOP Tea Party romp in 2010. In 2022, President Joe Biden's Democrats were widely seen as overperforming but nevertheless lost control of the House to the GOP.
Wall Street Journal
an hour ago
- Wall Street Journal
Tesla Stock Slides After Trump Slates Musk's New Political Party
On Saturday, Musk said he had created the America Party, his latest foray into politics after reigniting a feud with Trump over the megabill that passed last week. 'Today, the America Party is formed to give you back your freedom,' Musk posted on his social-media platform, X.
