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Economy
Mexico’s auto exports to US to face 15% tariff instead of expected 25%
May 22, 2025 01:24 AM AEST| By InvezzVehicles made in Mexico and sent to the US will pay a 15% tax rather than the original 25% previously expected, Mexico’s Economy Minister Marcelo Ebrard confirmed Tuesday. According to Reuters, citing Ebrard, the competing tariff rates vary onl...
Google’s smart glasses bet with Warby Parker could also benefit this other eyewear maker
May 21, 2025 11:29 PM AEST| By InvezzGoogle’s renewed push into the smart glasses market through new partnerships with Warby Parker and luxury fashion group Kering will also benefit EssilorLuxottica- the company behind Ray-Ban smart glasses made with Meta- and accelerate the broad...
M&S cyber attack: share price falls as retailer says hack to cost £300 mn; should you buy the dip?
May 21, 2025 07:29 PM AEST| By InvezzMarks & Spencer Group Plc has warned that a cyberattack which disrupted its systems for more than three weeks will lead to a £300 million hit to its operating profit this fiscal year. The British retailer, which had recently been delivering on a...
It was never about peace: what’s really behind Trump’s retreat from the war in Ukraine
May 21, 2025 06:17 PM AEST| By InvezzIn the span of a few days, the relations between the US and Europe on the war in Ukraine have fractured. Following a phone call with Vladimir Putin, Trump dropped the US demand for an immediate Russian ceasefire, pushed for bilateral talks betw...
BYD hits record high in Hong Kong as Citi lifts target and EV outlook brightens
May 21, 2025 04:55 PM AEST| By InvezzShares of Chinese electric vehicle giant BYD surged to a record high in Hong Kong on renewed investor optimism, widening the premium over its Shenzhen-listed shares to an all-time high. The stock jumped as much as 4.4% in Hong Kong, pushing its price...
UK inflation climbs to higher-than-expected 3.5% in April
May 21, 2025 04:50 PM AEST| By InvezzThe UK’s annual inflation rate rose to 3.5% in April, coming in above economists’ expectations and halting a recent trend of declining price growth, according to figures released Wednesday by the Office for National Statistics. Analysts polled by Reu...
Inflation tops list of concerns for Americans, according to a recent study
May 21, 2025 02:53 AM AEST| By InvezzAccording to a new YouGov/Economist poll, inflation and high prices continue to be a top concern among most American voters, with 25% citing it as the single most significant issue facing the country. The findings highlight the ongoing discomfort amo...
Brazil’s central bank flags Stablecoins as growing threat to capital flow stability
May 21, 2025 01:14 AM AEST| By InvezzBrazil’s central bank has raised concerns about the rapid rise in the use of US dollar-backed stablecoins for cross-border money transfers, warning that the development undermines capital controls and increases capital flow volatility. On Tuesd...
Canada’s inflation dips to 1.7% in April, but core prices signal ongoing pressure
May 20, 2025 11:57 PM AEST| By InvezzCanada’s annual inflation rate fell to 1.7% in April from 2.3% in March, owing primarily to a sharp 12.7% decline in overall energy prices, according to data released by Statistics Canada. The drop comes after the federal government eliminated...
Greggs stock surges as viral Mac and Cheese and improved weather boost sales — is it time to buy?
May 20, 2025 08:06 PM AEST| By InvezzGreggs has reported stronger trading in recent months, buoyed by viral popularity of its new Mac and Cheese product and the rollout of an expanded menu across hundreds of outlets. The UK’s largest bakery chain said like-for-like sales rose 2.9% in th...
Why the US debt problem is getting too big to ignore
May 20, 2025 06:07 PM AEST| By InvezzThis is the first time in modern history that none of the three major credit rating agencies (Moody’s, S&P, Fitch) see US sovereign debt as top-tier. However, there is no panic in the markets so far. Treasury yields ticked higher, the S&...
Most Americans favour converting part of US gold reserves into Bitcoin, survey finds
May 20, 2025 05:40 PM AEST| By InvezzA recent survey has revealed that four out of five Americans support converting a portion of the country’s gold reserves into Bitcoin, marking a notable shift in public sentiment toward digital asset diversification. The poll, conducted by the Nakamo...
CATL share price surges 18% in Hong Kong debut amid world’s biggest IPO of 2025
May 20, 2025 04:51 PM AEST| By InvezzShares of Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest battery maker, surged over 18% in their trading debut on the Hong Kong stock exchange on Tuesday, showing strong investor confidence in the company’s global growth prospec...
President Trump says Russia, Ukraine to begin ceasefire talks after Putin call
May 20, 2025 04:10 AM AEST| By InvezzPresident Donald Trump said Russia and Ukraine would begin immediate negotiations to end their war following a two-hour phone call with Russian President Vladimir Putin on Monday, in the most concrete sign yet of a potential diplomatic opening. “Russ...
EU-UK strike landmark deal covering security, trade, travel
May 19, 2025 11:15 PM AEST| By InvezzBritain and the European Union on Monday unveiled a landmark agreement that promises to revive cooperation across defence, trade, youth mobility, and border management, more than three years after the UK formally left the bloc. The wide-ranging pact,...
JPMorgan cuts Netflix rating, citing balanced risk-reward post-rally; stock falls
May 19, 2025 09:11 PM AEST| By InvezzShares of Netflix fell over 2.3% in premarket trading Monday after JPMorgan downgraded the streaming giant to “neutral” from “overweight”, even as it raised its price target on the stock to $1,220 from $1,150. The new target i...
From most wanted to president: what’s next for Syria’s revolution?
May 19, 2025 06:20 PM AEST| By InvezzIt wasn’t a battlefield victory or a sweeping democratic mandate that brought an end to Bashar al-Assad’s reign. It was something quieter, more terminal: a regime exhausted by years of war, sanctioned into collapse, abandoned by allies, and finally l...
Goldman Sachs trims oil forecast amid rising Iranian supply expectations
May 19, 2025 06:06 PM AEST| By InvezzGoldman Sachs on Sunday said it is maintaining a guarded stance on oil prices, holding its forecasts below current futures despite signs of stronger global economic growth. The investment bank cited the likely increase in Iranian crude supply and a r...
$TRUMP price eyes breakout: could presidential dinner spark 120% rally?
May 19, 2025 03:42 PM AEST| By InvezzDigital assets witnessed slight retracements on Monday as Bitcoin consolidated around the $103K mark. While analysts maintain the “calm before the storm” narrative, Official Trump ($TRUMP) appears on the verge of upside breakouts as bullish catalysts...
Eli Lilly pulls ahead of Novo in obesity drug gold rush as new players crowd in
May 17, 2025 05:18 AM AEST| By InvezzThe global weight-loss drug market, once dominated by Novo Nordisk, is undergoing a dramatic transformation. On Friday, the Danish pharmaceutical giant announced it would replace its long-serving chief executive, Lars Fruergaard Jorgensen, as the com...
