Money
Twitter shareholders give Musk the green light
Twitter’s shareholders have given Elon Musk’s $44 billion takeover deal the go ahead
It’s not exactly good news for billionaire Musk, who is trying to get out of the deal, citing concerns with spam accounts on the platform.
Twitter will attempt to force Musk to go through with the purchase, arguing that it’s too late to back out.
However, that decision will ultimately be left to the courts, in Delaware.
It follows testimony from Twitter Whistleblower, Peiter Zatko, who claims the social media platform is not transparent.
“I’m here today because Twitter leadership is misleading the public, lawmakers, regulators and even its own board of directors.”
Peiter Zatko, twitter whistleblower
Zatko, Twitter’s former head of security, says the platform can track any user’s precise location, and he knows because he was asked to do it.
“A Twitter engineer… could then access and inject or put forward information as… any of the senators sitting here today… Yes, I am concerned.
The company’s cybersecurity failures make it vulnerable to exploitation, causing real harm to real people.
“It’s not far-fetched to say that an employee inside the company could take over the accounts of all of the senators in this room,”
Peiter Zatko, twitter whistleblower
The final decision will be made by the Judge, at a hearing in October.
Money
US dollar strength hits NZ dollar amid FX market shifts
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.
Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.
We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.
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Money
Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.
Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.
Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.
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Money
Australia jobs, market trends, and tariff ruling: What investors need to know
Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.
Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.
Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.
Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.
Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.
#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews
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