Moody’s cuts America’s pristine credit rating, citing rising debt May 17, 2025 Moody’s downgraded the US sovereign credit rating on Friday due to concerns about the nation’s growing $36 trillion debt pile, in a move that could complicate President Donald Trump’s efforts to cut taxes and send ripples through global markets. Moody’s first gave the United States its pristine “Aaa” rating in 1919 and is the last [...]
Tesla and Apple shares surge as US markets rally on trade deal May 12, 2025 Markets on Wall Street soared on Monday as investors welcomed the trade progress between the US and China. The S&P jumped over 2.6 per cent as markets opened and the Dow Jones 2.41 per cent. Amazon gained over seven per cent and Nike six per cent. The tech-heavy Nasdaq rallied 3.5 per cent. Tech giants [...]
Sir Martin Sorrell: Clients ‘cautious’ as S4 Capital’s income tumbles May 8, 2025 S4 Capital, Sir Martin Sorrell’s advertising giant, recorded a sharp drop in revenue in its first-quarter trading update as geopolitical tensions weighed. The firm posted a 11.4 per cent slump in net revenue to £148.3m, which it said reflected the “continuing technology client caution” and headwinds from one “key client”. Takings from marketing services reduced [...]
Is freedom under threat in Germany? May 7, 2025 Germany’s intelligence service’s labelling of the AfD as a “right-wing extremist group” in a classified report that’s had little scrutiny is deeply troubling, says Rainer Zitelmann Elon Musk and US Foreign Minister Marco Rubio have both voiced concerns about threats to freedom in Germany over the last few months, most recently in response to the [...]
FTSE 100 extends record win streak as gold miners rally May 6, 2025 The FTSE 100’s record run, fuelled by a recovery in investor sentiment following a pullback in US tariff threats, extended to 16 days on Tuesday. The blue-chip index had another nail-biting session fluctuating between small gains and losses before scraping a 0.01 per cent win. Gold miners led the risers as Endeavour and Fresnillo topped [...]
Amazon row proves Trump’s America is an unreliable partner for business May 5, 2025 Trump’s overreaction to an unconfirmed story about Amazon including the cost of tariffs on its price labels businesses must now navigate a landscape where loyalty to the President matters more than logic, says Eliot Wilson It started with Punchbowl News. On Tuesday last week, as Donald Trump was marking 100 days in office, the Capitol [...]
Starmer speaks to Australian counterpart after ‘historic election win’ May 4, 2025 Sir Keir Starmer has spoken to Anthony Albanese after the Australian leader won a second term with his centre-left government. The Prime Minister congratulated Albanese on Sunday morning for his “historic election win” after he became the first Australian prime minister to win a second consecutive three-year term in two decades. “Australia and the UK [...]
US manufacturing sees job losses despite Trump’s hopes of a revival May 2, 2025 US manufacturing suffered 1,000 job losses in April in a blow to President Trump’s hopes to drive up employment in the sector. Trump’s ‘Liberation Day’ tariffs set out to cut the country’s goods deficit as he looked to protectionist measures to revive the country’s stuttering manufacturing sector. But new data showed no immediate improvement to [...]
UK retail investors double down on US tech despite tariff jitters May 2, 2025 Despite geopolitical headwinds and market volatility, UK retail investors ramped up their exposure to US technology stocks in April, with Nvidia, Palantir and Tesla topping trading charts across major UK platforms. On AJ Bell, Nvidia emerged as the second most traded stock, trailing only BP. Tesla and Amazon also secured sports in the top ten, [...]
Tesla denies claims of Musk succession search May 1, 2025 Tesla has denied reports that its board is seeking a replacement for chief executive Elon Musk, after a Wall Street Journal report claimed the company had began a search for its new chief executive, amid mounting concerns on his political entanglements. In a post early Thursday on X, the social media owned by Musk, Tesla [...]