Tech Stocks Rise Amid Trade Deal Hopes; Musk Criticizes Trump Advisor
April 9, 2025 - 11:08
In a notable market rebound, tech stocks have shown significant gains as investors express optimism regarding potential trade agreements. This positive sentiment comes in the wake of discussions surrounding economic policies and their impact on the market. Former Treasury Secretary Larry Summers weighed in on the current economic landscape, suggesting that the possibility of a recession remains a concern that investors should not overlook.
In a separate but related development, Elon Musk made headlines by labeling a former Trump trade advisor a "moron," highlighting the ongoing tensions within the political landscape that could influence market dynamics. This statement has drawn attention to Musk's views on government involvement in business, particularly in relation to Tesla's stock performance.
Wedbush Securities analyst Dan Ives has echoed this sentiment, arguing that Musk may need to step back from governmental engagements to help restore investor confidence and improve Tesla's fortunes. As the market continues to react to these developments, all eyes will be on how these factors shape the tech industry's trajectory in the coming weeks.
MORE NEWS
February 26, 2026 - 05:01
OQ Technology secures $30 million from Europe for satellite-to-smartphone expansionLuxembourg-based OQ Technology has secured a significant financial boost of 25 million euros, approximately $30 million, from the European Investment Bank. This strategic loan is earmarked for the...
February 25, 2026 - 05:10
24th Annual Rocky Mountain Intellectual Property & Technology Law InstituteThe intellectual property landscape is undergoing a seismic shift, driven by rapid technological advances that are challenging traditional legal frameworks. From agentic AI systems making...
February 24, 2026 - 13:14
The first African American and Woman Chief Technology Officer for the City of ShreveportShocker Creal has made history with her appointment as the Chief Technology Officer for the City of Shreveport, becoming the first African American woman to hold the position. This landmark...
February 23, 2026 - 23:35
Clueless Bernie Sanders stumped at Stanford Union, pushes data center pauseDuring a recent address at Stanford University, Senator Bernie Sanders called for increased public control over the direction of technological development, specifically citing the rapid expansion...