Money
The high roller caught in a net over $2 billion tuna scandal
The son of Mozambique’s former president is one of 18 individuals appearing in court today over a two billion dollar Tuna scandal
The charges relate to blackmail, embezzlement and money laundering, with the corruption case causing donors to halt funding for the nation and send the economy into a spin.
From 2013 and 2014, three new companies took on over $2 billion of debt, with the government acting as the guarantor of the loans before $500 million went missing.
The money was allegedly used to buy a large tuna factory and a shipping fleet, in which the state was the leading shareholder.
When details of the deal became public and the government admitted the scale of the operation, Mozambique’s economy immediately plunged, triggering a financial crisis.
The country’s currency fell to record lows, inflation skyrocketed and foreign donors pulled their support.
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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