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3 weeks ago | 
invezz.com | Vatsala Gaur
The UK’s Financial Conduct Authority (FCA) has proposed lifting its longstanding ban on retail investors buying exchange-traded products (ETPs) tied to cryptocurrencies. The move comes as part of an effort to revitalize Britain’s crypto competitiveness and better align the market with the United States, where crypto ETFs have surged in popularity under the Trump administration.
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3 weeks ago | 
invezz.com | Vatsala Gaur
Russia’s central bank lowered interest rates for the first time in nearly three years on Friday, as inflation shows signs of easing and the country’s wartime economy struggles under the burden of high borrowing costs. The Bank of Russia cut its benchmark interest rate by a full percentage point to 20%, responding to mounting pressure from government ministers and businesses to stimulate growth.
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3 weeks ago | 
invezz.com | Vatsala Gaur
Could the very public clash between US President Donald Trump and Tesla CEO Elon Musk already be heading toward a truce? On Thursday, Musk indicated he was ready to cool tensions with Trump, following a volatile day in which he called for the president’s impeachment and implied Trump was hiding files related to Jeffrey Epstein.
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3 weeks ago | 
invezz.com | Vatsala Gaur
The public unravelling of the alliance between Donald Trump and Elon Musk — once seen as one of the most powerful relationships in American business and politics — has rapidly turned into a high-stakes standoff with far-reaching consequences. In a dramatic turn Thursday, Trump threatened to cancel federal contracts with Musk’s companies, jeopardizing the businessman’s vast government-dependent empire, including SpaceX and Tesla.
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3 weeks ago | 
invezz.com | Vatsala Gaur
Even as peace between Russia and Ukraine remains out of reach, with a ceasefire still uncertain, Canada-based Black Iron is positioning its Shymanivske iron ore project as a cornerstone of Ukraine’s eventual post-war reconstruction. Backed by the US-Ukraine Minerals Development Act and buoyed by strong iron ore prices, the company remains optimistic, despite the likelihood of rising capital and labour costs.
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3 weeks ago | 
invezz.com | Vatsala Gaur
After soaring more than 2,300% since its June 2024 debut, the jewellery maker’s shares crossed the HK$1,000 mark — a rare feat that has now introduced a different kind of challenge: access. Despite the surge making Laopu the most expensive stock on the Hong Kong exchange — eclipsing Mixue Group’s HK$580 — the milestone comes with a high barrier to entry. Laopu requires a minimum purchase of 100 shares, equating to HK$100,000 ($12,750), a sum that may price out everyday investors.
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3 weeks ago | 
invezz.com | Vatsala Gaur
CrowdStrike 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 results. In a statement issued Tuesday, the Austin-based firm said it expects revenue of up to $1.15 billion in the second quarter, slightly below the average analyst estimate of $1.16 billion.
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3 weeks ago | 
invezz.com | Vatsala Gaur
Apple 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 geopolitical headwinds. Shares of the iPhone maker fell 0.6% in premarket trading.
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3 weeks ago | 
invezz.com | Vatsala Gaur
The 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 company’s fake-accounts scandal that drew widespread criticism and regulatory action. In a statement issued late Tuesday, the Fed said Wells Fargo had made “substantial progress” in correcting the issues that prompted the cap.
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3 weeks ago | 
invezz.com | Vatsala Gaur
China 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. Officials are deliberating an order ranging from 200 to as many as 500 aircraft, spanning both narrowbody and widebody models, including the A330neo, the report said.
