Money
Amazon cracking down on internal discrimination complaints
Amazon is investigating reports of toxic employee behavior in its cloud-computing unit
Amazon has opened an investigation into allegations regarding the culture of its cloud-computing unit after an internal petition slammed the retail giant for “an underlying culture of systemic discrimination, harassment, bullying, and bias against women and under-represented groups.”
The petition was signed by more than 550 employees and claims that Amazon’s processes to investigate discrimination claims are “not fair, objective or transparent.”
The petition alleges that the system is “set up to protect the company – rather than the employees filing the complaints”.
Employees say those who lodge complaints are often made vulnerable.
The eCommerce giant has hired an outside firm to investigate internal discrimination
Amazon also faces lawsuits from current and former employees alleging discrimination in the workplace.
The particular petition cites a lawsuit filed in May by Cindy Warner, a gay executive in Amazon Web Services professional services business, who accused a manager of making homophobic comments and alleged she was fired in retaliation. It also refers to a LinkedIn post last summer by Laudon Williams, a former employee of the group, who wrote that he left the company over concerns about gender and sexual orientation discrimination.
US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations
The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.
Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.
Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.
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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker
Money
Wall Street slides as AI spending raises investor concerns
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.
Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.
Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.
We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.
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Money
Tesla brand value plummets amid Elon Musk’s political focus
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.
In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.
#TeslaNews #ElonMusk #BrandValue
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