Weekly Wrap

Final opinion polls have confirmed Britain’s Conservative Party government is on course for a record-breaking defeat after all but conceding defeat a day before the election (tonight, Australian time).

Oil prices held firm near their highest levels in two months, driven by indications of a major reduction in US crude inventories.

New figures released on Tuesday have further confounded views about the health of the US economy and labor market, which appear to be stronger than expected, with an unexpected rise in vacancies in May following a deeper-than-reported fall in April.

Shares in Tesla rose 10% on Tuesday after it revealed a quarterly sales performance that wasn’t as bad as analysts and others had forecast.

Higher-than-expected inflation will take at least 12 months to approach the Reserve Bank of Australia’s (RBA) target, raising doubts about Treasurer Jim Chalmers’ optimistic forecast and complicating prospects for interest rate relief before the next federal election.

Job vacancy data for May support explanations about the continuing strength of the Australian labour market.

The US Federal Reserve has given the country’s biggest banks, including some big regionals and credit card operators, a clean bill of health in its latest stress tests.

For the second time this month, Warren Buffett’s Berkshire Hathaway has cut its holding in Chinese EV and battery giant BYD.

How quickly the mighty fall, or a correction time for Nvidia so soon after reaching the top.

There were two not unexpected results from meetings of two major central banks on Thursday—the Bank of England and the Swiss National Bank.

The New Zealand economy narrowly escaped recession in the three months to March 31, but like Australia, activity remains very weak as it continues to be affected by high interest rates.

What’s a central bank to do? Inflation is back on target after being above it for nearly three years, the economy is meandering, but there’s a looming election that could very well see the sitting government driven from office. So, when do you cut your key interest rate?

According to the June survey of big global investment managers by Bank of America, it's a bull market, and it's going to run and run.

The Coalition has unveiled an ambitious plan to construct seven nuclear power plants across Australia, aiming to have them operational between 2035 and 2037 if they win the next federal election.

For the first time ever, Nvidia on Tuesday leapfrogged Microsoft and Apple to become the most valuable company in the world.

There were no signs of weakness in the May jobs data, with nearly 40,000 new jobs, a small fall in unemployment, a drop in the jobless rate, and continuing high levels of participation.

As widely expected, the European Union will impose significant tariffs on imports of Chinese battery-powered EVs. However, the tariffs will not be uniform and will vary from company to company.

The great Apple charge continued Wednesday, with the company’s market value topping Microsoft’s for a while during trading, regaining the mantle as the world’s most valuable company.

Ahead of the US inflation data and the Fed interest rate decision tonight and early tomorrow respectively, cost pressures continue to show different outcomes in two of Asia’s major economies.

The boomlet in copper was again deflated on Tuesday, with London Metal Exchange prices and Comex futures prices in New York touching their lowest levels in seven weeks due to pressure from rising inventories and currency volatility.

Apple has made fools of all those investors, analysts, and others who had been chiding it (and stronger) for falling behind in AI – its big launch Monday was "underwhelming," according to most critics.

The recent federal budget had no positive impact on business conditions and confidence, according to the May monthly survey from the National Australia Bank.

Elon Musk wants shareholders in Tesla to approve his controversial multi-billion dollar share deal at Thursday’s annual meeting. To show that he has their best interests at heart, he says he will ban Apple products from Tesla cars and other products if the phone giant integrates OpenAI’s technology into its iPhones.