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Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges
Economic News
Apple has solidified its position as the world’s first tech giant to surpass a $3 trillion market cap, buoyed by the enduring popularity of its iPhone, Mac, and expanding services ecosystem. Despite a slowdown in hardware sales in 2023, the company’s software services revenue surged 12% year - over - year, now accounting for 25% of total earnings.more
FTSE 100 Edges Up 0.2% on July 9 as Markets Digest U.S. Tariff Expansion
Economic News
London’s FTSE 100 inched up 0.2% on July 9, with investors continuing to absorb the impact of U.S. tariff expansions. Advertising giant WPP (WPP.L) plunged 19%—its worst daily drop in over three decades—after slashing profit forecasts due to key client losses and shrinking new business, weighing heavily on the index.more
Trump's Plan to Impose 50% Tariff on Copper Imports Shakes Global Supply Chains
Economic News
On July 8, 2025, US President Trump announced at a White - House cabinet meeting that he planned to impose a new 50% tariff on all copper imported into the US, which has attracted widespread attention. The news sent New York copper futures prices soaring, triggering shockwaves in the global metal market.more
One in Four French Households Live in Severely Under-Occupied Homes: Insee Study
Economic News
A study released by France’s National Institute of Statistics and Economic Studies (l'Insee) on Tuesday, July 8, reveals that a quarter of French households reside in severely under-occupied homes—defined as having at least three more rooms than actually needed. This phenomenon affects 7.6 million primary residences, 93% of which are single-family houses, with three-quarters of these under-occupied homes exceeding 100 square meters in size.more
Australian Consumer Spending Shows Signs of Moderate Recovery, Rate - Cut Expectations Strengthened
Economic News
Australia's retail sales in March increased by 0.3% month - on - month and 4.3% year - on - year, expanding for the third consecutive month, indicating the resilience of household consumption. Food retail led the growth with a 0.7% increase, mainly due to the fact that families in Queensland stocked up on necessities in response to Hurricane Alfred, which significantly drove up the transaction volume of this category. However, catering services and department store sales declined by 0.5%, reflecting that non - essential spending is still restrained. There is obvious regional differentiation.more
ANZ Bank Cuts Australia's Economic Growth Forecast, Banks Face Key Tests
Economic News
On May 5, the ANZ Bank lowered its economic growth forecast for Australia in 2025 to 2.0%. The main reasons are the slowdown in global demand and geopolitical risks weighing on exports. With the growth rate of CPI in the first quarter falling, the market expects that the Reserve Bank of Australia (RBA) may cut interest rates by 25 basis points ahead of schedule this month,more
Google's Struggles and Growth Avenues in the Digital Landscape
Economic News
Google, the tech giant, still relies heavily on its search advertising business, which contributes around 80% of its revenue. However, the burgeoning rise of TikTok has started to siphon off its advertising market share. TikTok's unique advertising models and vast user base have attracted numerous advertisers, posing a significant challenge to Google's dominance in the digital advertising space.more
Buffett Warns Against Tariff Abuse at Berkshire Hathaway Annual Meeting
Economic News
On May 3rd, at the annual meeting of Berkshire Hathaway, Warren Buffett, the 94 - year - old billionaire investor, expressed his views on the risks of abusing tariffs. He emphasized that "tariffs should not be used as a 'weapon'", and stated that "if other countries become more prosperous, the United States will also become richer".more
Canada's S&P/TSX Dips 0.2% as Mining Slides; Energy Gains Offer Partial Offset
Economic News
Canada’s S&P/TSX Composite Index fell 0.2% to 26,959.65 on Tuesday, dragged by a 2.4% plunge in mining. Gold producers led declines: SSR Mining (SSRM.TO) dropped 6.1% and Orla Mining (OLA.TO) 6.5%, reflecting global gold price pullbacks.more
Australian Shares Edge Higher on Wall Street Record; RBA Rate Cut in Focus
Economic News
Australian stocks rose modestly on Friday (July 5), buoyed by fresh record highs on Wall Street. The S&P/ASX 200 gained 0.17% to 8,610 in midday trade—less than 30 points from its all-time peak—while the All Ordinaries Index added 0.16% to 8,847.3. Despite stronger-than-expected U.S. jobs data dampening hopes for a July Fed rate cut, markets reacted positively to signs of economic resilience.more
Australian Shares Edge Up in Narrow Range; RBA Rate Decision Sparks Volatility
Economic News
Australia’s benchmark S&P/ASX 200 inched up 0.02% to 8,590.7 on Tuesday, oscillating narrowly after the Reserve Bank’s surprise decision to hold rates steady triggered intraday dips. The index briefly turned negative in early trading but recovered modestly by close.more
BOJ Warns of Food Price-Driven Inflation; U.S. Tariffs Could Severely Hurt Japan's GDP
Economic News
Bank of Japan board member Junko Kotani warned on July 9 that surging prices of rice and other foodstuffs are intensifying inflationary pressures, urging vigilance against "second-round effects" that might lift household inflation expectations. Japan’s consumer inflation remains around 3%, but the BOJ’s weighted median inflation gauge—closely watched by policymakers—still lags below the 2% target. Kotani noted economic uncertainty makes it premature to pinpoint the next rate hike, with food prices a critical variable.more