Amid escalating trade tensions and a global supply glut, Canada is preparing to introduce new tariff measures on steel and aluminum imports. Prime Minister Mark Carney announced that these actions are aimed at mitigating the risks posed by unfair trade practices and persistent global overcapacity in the metals sector. The announcement comes on the heels of a significant trade policy shift from the United States, where President Donald Trump doubled tariffs on steel and aluminum imports to 50% earlier this month.
SpaceX continues its aggressive expansion of the Starlink satellite internet network with the successful launch of 26 Starlink V2 Mini satellites into low Earth orbit (LEO). The launch, conducted shortly after sunset on Monday evening, marked the 200th orbital mission from Space Launch Complex 4E (SLC-4E) at Vandenberg Space Force Base, further solidifying SpaceX’s dominance in commercial space transportation.
Australia’s financial landscape is undergoing a significant recalibration following the Reserve Bank of Australia’s (RBA) decision to lower the official cash rate by 25 basis points to 3.85%. In the wake of this monetary policy shift, major banks are aggressively adjusting their lending terms in a bid to capture a greater share of the investment mortgage market. Notably, Commonwealth Bank of Australia $CBAUF —the country’s largest lender—has once again reduced its variable home loan rates for investors, sparking a fresh wave of competitive pricing strategies.
The much-anticipated public offering of Chime, one of the leading U.S. digital banking platforms, has officially priced ahead of its trading debut on Nasdaq under the ticker CHYM. The final pricing, set at $25 per share, falls within the marketed range of $24 to $26, giving the company an approximate valuation of $11 billion.
Warner Bros Discovery Inc. $WBD has announced a landmark corporate restructuring that will result in the creation of two independently traded public companies. The move aims to decouple the company’s high-growth streaming and studio assets—Warner Bros, HBO Max, and DC Studios—from its legacy cable networks, including CNN and TNT Sports. This strategic breakup reverses part of the 2022 WarnerMedia–Discovery merger and underscores the shifting priorities of global media giants navigating the digital transformation.
The proposed $14.9 billion acquisition of U.S. Steel by Japan’s Nippon Steel Corp. has reached a critical juncture, as both the Japanese firm and the Trump administration jointly petitioned a U.S. appeals court to extend an ongoing judicial pause. This move comes as the parties seek more time to finalize a deal subject to national security scrutiny. The acquisition, first announced in late 2023, has since become a flashpoint for broader debates on foreign ownership of U.S. strategic assets.
Amid growing instability in global markets triggered by escalating trade tariffs and monetary policy divergence, Arrowpoint Investment Partners, a Singapore-based multi-strategy hedge fund, has successfully capitalized on pricing inefficiencies across equities, foreign exchange (FX), and fixed income. With assets under management (AUM) totaling USD 1.1 billion, the firm reported its strongest performance to date in May 2025, driven by sophisticated arbitrage strategies and tactical positioning.
After a prolonged period of tight labor market conditions, new data from ANZ Banking Group $ANZ.AX and employment platform Indeed indicate a potential shift in Australia’s employment dynamics. Job advertisements in May 2025 declined for the second consecutive month, falling by 1.2% following a 0.3% drop in April. Although demand for labor remains elevated compared to pre-pandemic levels, this downward trend suggests a gradual normalization in hiring momentum.
Fast-fashion e-commerce giant Shein has pivoted its initial public offering (IPO) strategy by preparing for a Hong Kong Stock Exchange listing, following an unresolved regulatory delay in its proposed London IPO. According to multiple sources familiar with the matter, Shein is expected to file a draft prospectus in Hong Kong within weeks, with plans to go public in the Asian financial center within the year.
Nvidia Corporation $NVDA, the dominant force in global AI chip development, is adjusting its strategy in China by introducing a new line of graphics processing units (GPUs) tailored for the Chinese market. This move comes in response to U.S. export controls that limited the availability of Nvidia’s high-performance H20 chips in the region.
Chinese technology giant Lenovo $0992.HK, recognized as the world’s largest personal computer manufacturer, disclosed a sharp 64% decline in its fourth-quarter profit. The results significantly underperformed market expectations, triggering a steep drop in Lenovo’s share price. This downturn occurred against a backdrop of escalating US-China trade tensions, notably following the US government's decision in March to double tariffs on fentanyl-related Chinese imports, affecting broader Sino-American trade dynamics.
Medtronic plc $MDT, a global leader in medical technology, announced plans to spin off its diabetes division into a standalone entity. The move, disclosed on Wednesday, comes amid persistent quality control and cybersecurity concerns that have plagued the unit in recent years. Alongside the restructuring, the company also issued a downbeat earnings projection for fiscal 2026, falling below market expectations.
