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Economy
Trump suggests to cut Musk’s federal contracts, subsidies after public spat
June 06, 2025 05:57 AM AEST| By InvezzUS President Donald Trump and Tesla CEO Elon Musk’s spat intensified on Thursday as Trump suggested slashing the federal government contracts and subsidies given to Musk’s companies, Tesla and SpaceX. The discord stems from Musk’s s...
GBP/USD rebounds amid trade tensions and economic data
June 06, 2025 02:25 AM AEST| By InvezzThe British Pound (GBP) kicked off the week with a modest rally against the US Dollar (USD) on Monday, clawing back some of last week’s losses. The GBP/USD pair traded near 1.3540 on Tuesday, as investors dialled back their USD holdings amid ri...
Trump, Xi Jinping speak for 90 mins, new US-China trade talks announced
June 06, 2025 02:22 AM AEST| By InvezzUS President Donald Trump said trade officials from the United States and China will meet soon, though a location and date for the meeting are yet to be finalized. Trump made the announcement following a 90-minute phone call with Chinese President Xi...
Kimberly-Clark sells majority stake in global tissue unit to Brazil’s Suzano
June 06, 2025 01:46 AM AEST| By InvezzKimberly-Clark announced Thursday that it has reached an agreement with Brazilian pulp manufacturer Suzano to sell a controlling stake in its worldwide tissue business, valuing it at $3.4 billion. According to Reuters, the purchase, which would resul...
ECB cuts key rate by 25 basis points, citing cooling inflation
June 05, 2025 10:46 PM AEST| By InvezzThe European Central Bank on Thursday delivered a widely expected quarter-point rate cut, lowering its deposit facility rate to 2% from a peak of 4% in mid-2023, and revised its inflation projections downward for the year. In a statement accompanying...
Nonfarm payrolls report looms: what could move markets and test investor nerves
June 05, 2025 08:06 PM AEST| By InvezzThe stakes are rising ahead of the May nonfarm payrolls report. For months, investors bet on a soft landing: cooling inflation, slowing job growth, and a gentle glide toward rate cuts. Data points released this week suggest that job growth is c...
Bank of Canada holds rate at 2.75%, but eyes July cut amid rising trade tensions
June 05, 2025 03:26 AM AEST| By InvezzThe Bank of Canada (BoC) left its key interest rate constant at 2.75% on Wednesday, pausing for the second time in a row as officials assess the impact of intensifying US trade moves on the Canadian economy. Governor Tiff Macklem said the central ban...
Mexico signals possible countermeasures next week if no steel tariff deal is reached
June 05, 2025 02:55 AM AEST| By InvezzMexico will announce new measures next week if no agreement is reached regarding the recently increased tariffs on steel and aluminum, President Claudia Sheinbaum said Wednesday. The announcement comes on the heels of steel and aluminum duties the Un...
CrowdStrike stock sinks as forecast disappoints and IT outage impact lingers
June 05, 2025 12:59 AM AEST| By InvezzCrowdStrike Holdings Inc. shares slid almost 6% on Wednesday, after the cybersecurity firm forecast revenue for the current quarter that missed Wall Street expectations, raising concerns among investors even as the company posted strong first-quarter...
Needham downgrades Apple on weak iPhone cycle, AI lag and overvaluation concerns; share falls
June 04, 2025 11:17 PM AEST| By InvezzApple Inc. extended its slide in early trading on Wednesday, after investment firm Needham became the latest to downgrade the stock, citing intensifying concerns over the company’s growth trajectory, position in the artificial intelligence race, and...
Iran rejects US nuclear offer as uranium standoff deepens
June 04, 2025 09:40 PM AEST| By InvezzAyatollah Ali Khamenei, Iran’s Supreme Leader, asserted on Wednesday that halting uranium enrichment is definitively against the nation’s interests, according to a Reuters report. This is a complete rejection of a key demand from th...
Gold’s technical setup indicates bullish outlook as traders await economic cues
June 04, 2025 08:50 PM AEST| By InvezzFueled by a softening dollar and renewed trade friction between the US and China, gold prices saw an uptick Wednesday, as investors sought the security of the precious metal. A weaker dollar makes commodities priced in the greenback cheaper for overs...
Wells Fargo shares rise as asset cap removal sparks deposit and trading boost
June 04, 2025 08:28 PM AEST| By InvezzThe US Federal Reserve has removed a long-standing asset cap on Wells Fargo & Co., ending one of the harshest penalties imposed on a major American bank in recent history. The cap, set at $1.95 trillion, had been in place since 2018 following the...
Putin’s war economy gamble: how long can Russia sustain the cost?
June 04, 2025 05:30 PM AEST| By InvezzRussia’s economy has not collapsed under pressure. At least not yet. GDP still grows. Wages have risen. Western sanctions failed to deliver the knockout blow many expected. But appearances are deceptive. The structure that holds this war economy toge...
China plans major Airbus deal before EU leaders’ visit, report says
June 04, 2025 05:28 PM AEST| By InvezzChina is in advanced discussions to place a major order for Airbus SE aircraft, with a deal potentially timed to coincide with a high-level diplomatic visit from European leaders next month, Bloomberg reported citing people familiar with the matter....
China’s export curbs on critical minerals raise alarms for global automakers
June 04, 2025 03:43 PM AEST| By InvezzAutomakers worldwide voiced concerns alongside US manufacturers on Tuesday regarding China’s dominance over critical minerals, Reuters reported. The companies warned that China’s export restrictions on rare earth alloys, mixtures, a...
OECD cuts US outlook sharply, projects India to lead global growth: key insights
June 04, 2025 01:34 AM AEST| By InvezzAccording to a new research released Tuesday by the Organisation for Economic Cooperation and Development (OECD), the global economy is likely to slow in the coming two years. The OECD expects global GDP growth to slow from 3.3 per cent in 2024 to 2....
BP’s $2.9B Azerbaijan investment fuels gas production expansion
June 04, 2025 12:45 AM AEST| By InvezzBP, leading the consortium that owns the Shah Deniz gas field in the Azeri Caspian Sea, announced a $2.9 billion investment decision on Tuesday to increase the project’s production capacity. In a strategic realignment, the British oil giant is...
Dutch coalition collapses as Wilders’ PVV quits over immigration dispute
June 03, 2025 11:00 PM AEST| By InvezzThe Dutch government has collapsed less than a year after far-right leader Geert Wilders led his Party for Freedom (PVV) to a sweeping electoral victory. The ruling coalition crumbled on Tuesday after Wilders withdrew support, citing disagreements ov...
Lee Jae-myung poised to win South Korea’s snap election, risking US trade delays
June 03, 2025 10:59 PM AEST| By InvezzSouth Korea’s snap presidential election appears to have delivered a victory to opposition leader Lee Jae-myung, a move that could reshape Seoul’s diplomatic and economic strategies. A joint exit poll by KBS, MBC, and SBS on May 27 projected Lee as t...
