Money
Johnson & Johnson will stop selling talcum baby powder
Pharmaceutical giant Johnson & Johnson will stop selling talcum baby powder as sales of the once popular product tumble
Amid a rising number of lawsuits, Johnson & Johnson will officially cease production of its talcum baby powder.
Company executives say the decision follows a severe decline in sales right around the world.
The move also follows a number of lawsuits which claim the product causes cancer due to its contamination with asbestos.
Mined from the earth, Talc and lies very close to where carcinogenic asbestos comes from.
J&J says demand has fallen due to so-called ‘misinformation’ about the powder’s safety.
“We stand firmly behind the decades of independent scientific analysis by medical experts around the world that confirms talc-based Johnson’s baby powder is safe, does not contain asbestos, and does not cause cancer,” it said in a statement.
But an investigation by Reuters back in 2018 discovered the organisation knew for decades that asbestos was present in its talc products.
The global shift away from talcum powder comes more than two years after the healthcare giant ended sales of the product in both the U.S. and the UK.
The company says the powder will now be created from cornstarch.
“As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based baby powder portfolio,” it said in a statement.
Money
Australia’s inflation report and Nvidia earnings impact explained
Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.
Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.
Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.
David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.
On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.
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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights
Money
U.S. stocks rally as AMD, Home Depot, and AI software lead gains
U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.
U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.
U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.
DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.
The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.
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Money
Stocks tumble amid AI concerns and Trump tariff update
Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.
Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.
Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.
Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.
Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.
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