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Business news
Avoid the QQQ ETF, buy this Nasdaq 100 ETF alternative instead
February 26, 2025 03:05 PM AEDT| By InvezzThe Invesco QQQ ETF has become one of the best-performing funds in the United States in the past few decades by tracking the Nasdaq 100 index. It has soared from about $40 during its inception and moved to the current $513. While QQQ is a good blue-c...
Dow Jones DIA ETF may crash as the fear and greed index tumbles
February 26, 2025 01:02 PM AEDT| By InvezzThe SPDR Dow Jones Industrial Average (DIA) ETF has pulled back in the past few days as a sense of fear spreads in the market. It has formed a double-top chart pattern, pointing to further downside as the fear and greed index moves to the extreme fea...
Who runs DOGE? White House says it’s Amy Gleason, not Elon Musk
February 26, 2025 08:32 AM AEDT| By InvezzAmy Gleason has been identified as the administrator of President Donald Trump’s Department of Government Efficiency (DOGE), multiple reports stated citing White House officials on Tuesday. The confirmation came shortly after White House Press Secret...
Where does SBUX stock stand as Starbucks trims menu, lays off 1,100 corporate employees?
February 26, 2025 07:16 AM AEDT| By InvezzStarbucks is making significant changes to its menu, with several beverages set to be discontinued next week. The coffee giant announced on Monday that starting Tuesday, March 4, it will remove a selection of drinks, including several blended Frappuc...
Here’s why Tesla investing in Nissan may be a ‘brilliant move’
February 26, 2025 05:39 AM AEDT| By InvezzConstellation Research founder and chairman Ray Wang says a potential investment from Tesla Inc (NASDAQ: TSLA) in Japan’s Nissan Motor Co Ltd (TYO: 7201) would be a “brilliant move”. His remarks arrive shortly after reports that a powerful Japanese g...
Tesla’s January sales tank as rivals gain ground
February 26, 2025 05:33 AM AEDT| By InvezzTesla’s (TSLA) struggle to maintain its dominance in the electric vehicle market is intensifying in Europe, where the automaker experienced a precipitous 45% drop in sales during January. The decline comes amid a surge in overall EV demand, rai...
Botswana, De Beers finalise 10-year diamond sales deal after protracted negotiations
February 26, 2025 05:08 AM AEDT| By InvezzBotswana’s government and De Beers, the diamond mining unit of Anglo American, have finalised a 10-year diamond sales agreement after a protracted negotiation period, Reuters reported on Tuesday. This new agreement replaces a provisional...
Bitcoin’s post-Trump rally fizzles, crypto selloff intensifies below $90,000
February 26, 2025 04:20 AM AEDT| By InvezzThe cryptocurrency market is experiencing a dramatic reversal of fortune as Bitcoin has plunged below $90,000, reaching its lowest level since mid-November. This decline marks a significant departure from the buoyant rally that followed President Tru...
From stealth to statement: has ‘quiet luxury’ been dethroned by bold expression?
February 26, 2025 03:28 AM AEDT| By InvezzFor years, “quiet luxury”—with its muted colours, understated elegance, and absence of overt logos—has reigned supreme as the ultimate status symbol. But a shift is underway. America’s billionaires and wealthy consumers are increasi...
LME market shows mixed signals as copper and lead surpluses narrow
February 26, 2025 03:16 AM AEDT| By InvezzDespite the setback of the last two trading days, the London Metal Exchange (LMEX) index is trading 6.5% higher than at the start of the year, even though the base metals markets are not performing exceptionally well. However, the stark difference in...
Trinidad and Tobago seeks US license extension for pivotal gas project in Venezuela: report
February 26, 2025 03:01 AM AEDT| By InvezzTrinidad and Tobago is seeking US government approval to extend a license for Shell and the National Gas Company (NGC) to pursue the Dragon natural gas venture off Venezuela’s coast, as per a Reuters report. The Dragon field, located in Venezue...
Musk’s DOGE cancels contracts, but savings questioned: are cuts just for show?
February 26, 2025 02:49 AM AEDT| By InvezzThe Trump administration’s cost-cutting initiative, spearheaded by Elon Musk’s Department of Government Efficiency (DOGE), is facing scrutiny. While DOGE has touted the cancellation of over 1,100 federal contracts, data published by the a...
Tesla sales in Europe drop 45% in January amid rising competition and political challenges
February 25, 2025 11:49 PM AEDT| By InvezzTesla’s sales in Europe dropped sharply by almost half in January, marking one of the worst months for the automaker in recent years in what has raised concerns about the carmaker’s flagging sales in the region. According to data from the Europ...
The great federal purge: Inside the largest government layoffs in US history
February 25, 2025 09:57 PM AEDT| By InvezzWhat happens when an economy’s largest employer begins massive layoffs? The US is about to discover as the federal government pushes forward with modern history’s most aggressive workforce reduction. Thousands of federal employees have already...
Unilever share price falls as CEO Hein Schumacher steps down after just 18 months
February 25, 2025 09:46 PM AEDT| By InvezzUnilever (ULVR) shares fell 2% in early London trading on Tuesday following the surprise announcement that chief executive Hein Schumacher will step down after just 18 months in the role. The consumer goods giant, which has been undergoing a major st...
Thailand’s sugar industry facing $60 million in losses: here’s why
February 25, 2025 09:15 PM AEDT| By InvezzThai companies are facing losses of around $60 million due to China’s ban on sugar syrup, according to a Reuters report. This may result in shutdowns as early as next month. Negotiations by Thai officials to lift the ban have been unsuccessful....
IonQ stock price forecast ahead of earnings: will it crash to $20?
February 25, 2025 09:01 PM AEDT| By InvezzThe IonQ stock price has moved into a bear market this year as the hype surrounding quantum computing companies fade. It has crashed by over 45% and is hovering at its lowest level since January 14 this year. Why the IonQ share price has crashed IonQ...
DeepSeek effect? Microsoft’s data center pullback sparks questions about AI cost
February 25, 2025 08:51 PM AEDT| By InvezzIs the AI arms race slowing down? Microsoft Corp., a leading contender in the artificial intelligence arena, has reportedly begun canceling leases for a substantial amount of data center capacity in the US, prompting speculation about whether the com...
eBay stock price forecast: will it rise or fall after earnings?
February 25, 2025 08:15 PM AEDT| By InvezzThe eBay stock price has done well in the past few years, and is nearing the highest level since November 2021. It has done by over 102% from the lowest point in 2022, bringing its market cap to over $33 billion. So, what next for the eBay share pric...
UK energy bills to rise 6.4% from April as wholesale costs climb
February 25, 2025 08:09 PM AEDT| By InvezzStarting in April, energy bills for millions of UK residents will see a significant increase of 6.4%. This price hike, announced by the regulatory body Ofgem, is a direct result of escalating wholesale energy prices, Reuters reported on Tuesday...
