Tesla slumps in Q2 on fading subsidies, poor European sales
Tesla shares slump after CEO Elon Musk warns of potential ‘rough quarters’ ahead as EV subsidies expire and European sales nosedive by 40 per cent in June. Deutsche Bank sees profits double in H1 to €...
24 Jul 202526min
Trump hails 'massive' U.S.-Japan trade agreement
The U.S. and Japan agree to what President Trump calls ‘the largest trade deal in history’. Tariffs on most goods including autos have been reduced to 15 per cent, sending shares spiking among car man...
23 Jul 202526min
White House keeps up pressure on Powell
The White House maintains pressure on Federal Reserve Chairman Jerome Powell to cut interest rates but markets appear sanguine. The S&P 500 closes at a fresh record high while Treasury Secretary Scott...
22 Jul 202526min
Ishiba coalition loses upper house majority
Japanese Prime Minister Shigeru Ishiba’s ruling coalition loses its majority in the upper house with rival parties advocating tax cuts and increased spending. U.S. Commerce Secretary Howard Lutnick sa...
20 Jul 202526min
Netflix posts Q2 beat as membership and ad sales surge
Netflix posts a Q2 beat on the back of strong subscriber growth and advertising sales and has hiked its revenue forecast. Shares move slightly down in after-hours trade, however, as investors brace fo...
18 Jul 202526min
Trump denies plan to fire Fed Chair Powell
President Trump denies he plans to fire U.S. Federal Reserve Chairman Jerome Powell following reports he had written a draft dismissal letter and discussed the move with lawmakers. Trump did again, ho...
17 Jul 202525min
UK's Reeves urges fresh round of business deregulation
UK Chancellor Rachel Reeves gives her Mansion House speech and calls on regulators to strip back red tape in order to boost growth. In the U.S., the June inflation print comes in slightly higher as ta...
16 Jul 202525min
Nvidia awaits U.S. government clearance for China chip sales
Nvidia expects the green light from the U.S. government to resume selling a key AI chip in China with deliveries to begin soon. Domestic consumption drives Q2 growth in China but the threat of a trade...
15 Jul 202525min
