Procter and Gamble: P&G plans Sacking 7,000 people on Weaker U.S Growth

Posted on June 5, 2025June 5, 2025 by Olumide Adesina

Procter and Gamble will eliminate 7,000 jobs, or about 15% of its non-manufacturing workforce. The consumer goods behemoth’s layoffs coincide with some businesses raising prices to offset increased costs because of President Donald Trump’s tariffs. P&G CFO Andre Schulten revealed the layoffs.

The company had 108,000 employees worldwide as per the latest regulatory filings.

The US, P&G’s biggest market, is seeing slower growth. North American organic sales increased by just 1% during the third quarter of its fiscal year.

P&G has stated that it intends to raise prices in the upcoming fiscal year, which begins in July, but Trump’s tariffs have created yet another obstacle. The company anticipates that levies will reduce its fiscal fourth-quarter earnings by 3 to 4 cents per share.

Pampers, Tide, and Swiffer are all owned by P&G, which is preparing a larger initiative to reassess its holdings, reorganize its supply chain, and streamline its corporate structure. According to Schulten, investors should anticipate additional information during the company’s fiscal fourth-quarter earnings call in July, including specific brand and market exits.

According to P&G’s projections, the reorganization will result in non-core costs of $1 billion to $1.06 billion before taxes.

Schulten stated that this restructuring program was crucial to guarantee that we can deliver our long-term algorithm over the next two to three years.

However, it doesn’t eliminate the immediate problems we are currently facing. P&G has implemented large layoffs this year, following in the footsteps of other prominent US employers like Microsoft and Starbucks. Investors watch for Friday’s nonfarm payrolls report for May for indications that the job market shows weakness as Trump’s tariffs take effect. while reading for the government.

Trump Wants Interest Rate Cuts Immediately after Sluggish Jobs Report

Posted on June 5, 2025 by Timothy St. John

The United States job report from payroll firm ADP was released Wednesday, showing very little movement there, and President Trump responded by calling for immediate interest rate cuts.

US jobs report comes back less than positive.

Trump is ready for interest rate cuts from the Federal Reserve, but Chairman Jerome Powell and the Fed may not be ready to issue those cuts. Trump’s call to action on interest rates came only moments after the ADP released its jobs report for May, which showed 37,000 new private sector payrolls.

That number was way down from the estimated 110,00 that the Dow Jones analysts predicted as well as from the 60,000 new payrolls that were recorded from April. The nonfarm payrolls numbers are still to come on Friday, but the current expectation of 125,000 predicted for that report should probably be downwardly revised.

Will the Fed Cut Interest Rates?

Trump posted to Truth Social the message “ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE.” He and Powell have butted heads numerous times in the past, and Trump has often made little headway against the Chairman’s announced interest rate cuts.

Throughout the Biden administration, Powell and the Fed chose to severely limit interest rate cuts so as to decrease their impact on rising inflation. The Fed has said repeatedly in the last 18 months that it would hold off on new cuts until the inflation rate decreases. They are specifically looking for an inflation rate of around 2% to make drastic cuts. The current inflation rate is at 2.8%.

There are only two scheduled rate cuts for 2025 right now, and there is concern that issuing unnecessary cuts will cause inflation to become even tougher to get back down, especially with the ongoing trade war between the United States and a number of its trade partners.

The Fed is likely to cut interest rates for now outside of its scheduled, already announced cuts. That is true even if Trump puts pressure on the Federal Reserve and its Chairman Jerome Powell.

TSLA: Tesla Crash as Elon Musk attacks U.S Government

Posted on June 5, 2025June 6, 2025 by Olumide Adesina

Tesla’s stock fell roughly 4% on Thursday as CEO Elon Musk called U.S Congress to “KILL” President Donald Trump’s spending proposal.

The world’s richest man changed his remarks regarding the administration in recent days by calling the bill a “disgusting abomination” and threatening primary lawmakers who support it.

Tesla’s market correction occurred as Musk concluded his tenure as Trump’s Department of Government Efficiency. The EV manufacturer saw a 22 percent rally in May amid weak sales figures.

This year, shares have dropped more than 20%, far from the peak of $488.54 in December 2024. Musk has appeared to be at odds with the Trump administration and launched a full-scale attack against the president’s signature tax-cut bill since his special government employee term ended on Friday.

Tesla faced significant challenges, such as a decline in brand recognition in the West and a sharp dip in sales of its electric cars in key European markets.

Tesla is also under pressure to introduce a driverless, long-delayed ride-hailing service in Austin this month. Although Tesla is testing driverless vehicles in that market, according to Musk, Waymo, its main rival, already has a significant commercial robotaxi service in collaboration with Uber.

According to Isaacson, Musk’s biographer, the tech magnate was also annoyed by Trump administration officials who opposed Jared Isaacman’s appointment as NASA’s chief administrator.

Silver Jumps To highest level since 20212

Posted on June 5, 2025 by Olumide Adesina

Silver reached its highest level since February 2012, rising to 4 percent above $35.9 an ounce. I

mproved fundamentals, increased investor interest, and technical momentum likely contributed to the rally. Silver is catching up to gold after falling behind for a few weeks.

The two precious metals frequently move in tandem as geopolitical tensions support demand for assets free from counterparty, which implies “renewed interest from momentum-driven investors who are rotating into silver.”. Industrial metal has increased 44% over the past 12 months because of central banks’ high buying pressures and an expanding US-led tariff war that strengthened gold’s appeal as a haven. Silver has trailed behind, up roughly 20%.

Significant inflows into exchange-traded funds backed by silver have also helped the white metal, with holdings rising by 2.2 million ounces on Wednesday, according to data compiled by Bloomberg. In the final week, money managers increased their bullish bets on Comex silver futures

Silver has two distinct personalities; it is valued as an industrial input, for clean energy technologies, and as a financial asset.

The metal is a component of solar panels, which are becoming popular. In light of this, industry group the Silver Institute predicts that the market will be in deficit for a fifth year. Reports released on Wednesday, however, indicated a slowdown in hiring and a contraction in US services activity.

Swap traders priced in two interest rate cuts from the Federal Reserve, causing Treasury yields to decline. Lower rates usually work to their advantage since gold and silver don’t pay interest,

Ethereum Price Prediction: Whale Buy & Staking Signal $2.7K Upside Next

Posted on June 5, 2025 by Maham Arslan

Ethereum made headlines this week after a wallet linked to Consensys bought over 100,000 ETH—worth $320 million—in a single transaction.

The move, tracked by Arkham Intelligence, went through Galaxy Digital and is one of the largest institutional buys in recent history. $120 million of the ETH was staked through Liquid Collective, showing confidence in Ethereum’s staking model and long-term performance.

This isn’t random. Large ETH purchases from trusted industry players means they believe in Ethereum’s infrastructure, especially the Proof-of-Stake (PoS) mechanism. The staking in particular locks up supply and means this whale isn’t looking for a quick flip.

Highlights:

$320M ETH purchase via Galaxy Digital
$120M staked on Liquid Collective
Signals strong belief in Ethereum PoS
Reduces liquid ETH supply short-term

[[ETH/USD-graph]]

Price Response and Market Sentiment

The market didn’t ignore this. Ethereum’s price shot up to $2,667.17 after the transaction was spotted, then back down to $2,627 with a 0.2% dip. Still, the move showed how sensitive ETH’s price is to whale activity especially when combined with long-term staking.

Big buys from high net worth wallets can create short term supply constraints and fuel price upwards. This transaction also fits into a broader trend of institutional inflows into Ethereum after BlackRock’s $77.1M investment in its ETH ETF. In short, the big players are getting in and staying in.

Regulatory clarity is helping. The SEC recently said staked ETH isn’t a security so compliance is easier and more institutions can get in.

ETH/USD Price Chart - Source: Tradingview — ETH/USD Price Chart – Source: Tradingview

Ethereum Technical Setup: Breakout on Deck?

Technically [[ETH/USD]] is coiling in a symmetrical triangle on the 2 hour chart around $2,594. Price is above the 200 period EMA ($2,550.92) but struggling to get back above the 50 EMA ($2,597.94).

Support is at $2,547 and resistance is at $2,643.69. Price has higher lows since May 31 which is bullish. A break above $2,644 could be quick to $2,689 and $2,737.

Trade Setup:

Entry: 2H close above $2,644
Targets: $2,689 and $2,737

Stop: Below $2,547

If price breaks below the ascending trendline, expect downside targets around $2,480 and $2,429. For now, ETH is in a holding pattern—whale confidence and institutional inflows are building pressure. All that’s left is confirmation.

XRP Price Prediction: SEC Deadline Looms with 12 Days to Decide Ripple’s Fate

Posted on June 5, 2025 by Maham Arslan

XRP is getting volatile as the SEC has until June 16, 2025 to file a status report in the Ripple case. This 60 day window given by the 2nd Circuit Court of Appeals was for both parties to negotiate or update the court. With 12 days to go, everyone is speculating what the SEC will do and how it will impact XRP’s legal standing and price.

Attorney Bill Morgan called this date an inflection point. Legal opinions are split. Some think there will be a settlement under pressure, others extended appeals. And now attorney Justin Keener has filed a motion for “clear evidence” adding more complexity to the case.

[[XRP/USD-graph]]

Mixed Signals from Legal Experts

The crypto legal community is divided. Andrew Balthazor of Holland & Knight LLP says if there was an easy solution the parties would have already filed. Keri Axel of Waymaker LLP thinks the pause can still lead to a resolution citing the frequency of settlements during the appellate stage.

These conflicting opinions highlight the broader regulatory uncertainty in the crypto space. Whatever happens or doesn’t happen will set a precedent for how digital assets like XRP are treated under US law going forward.

Key points to watch:

June 16: SEC’s status report deadline.
Scenarios: Settlement, appeal continuation, or more filings.
Legal motions: Demand for clear evidence may impact court dynamics.

XRP Price Analysis: Coiled for Breakout

As of writing [[XRP/USD]] is trading at $2.20 with a 24 hour volume of over $2 billion and is #4 on CoinMarketCap with a market cap of over $129 billion. The price is in a symmetrical triangle on the 2 hour chart and is about to breakout.

XRP/USD Price Chart - Source: Tradingview — XRP/USD Price Chart – Source: Tradingview

Price is compressing between a descending trendline and an ascending base. The $2.20-$2.21 zone is the battleground. A 2 hour close above $2.211 could open up to $2.2325, $2.2644, $2.2835.The MACD is flat, no conviction from bulls or bears—a classic sign of a volatility spike.

Trade:

Bull trigger: Above $2.211
Targets: $2.2325, $2.2644, $2.2835
Risk zones: Below $2.18, look for drops to $2.1505 or $2.1170

Until we get confirmation, sideways action. The breakout will be on a legal or technical close above the triangle.

Tesla Stock Hit Hard Right before Robotaxi Launch

Posted on June 5, 2025 by Timothy St. John

As trading opened on Thursday, Tesla’s (TSLA) stock had slipped another 3.97% from the previous day, marking three days of decline for the company’s shares.

Tesla is going to launch its new robotaxi service in Texas soon.

Tesla is preparing to launch its robot taxi service in Austin, Texas with 10 vehicles. If this launch happens smoothly, the company will add a number of other cities and thousands more vehicles. However, on the cusp of this very important launch for the company, Tesla stock is diving, down nearly 4% compared to the previous day.

What Is Driving Tesla Stock So Low?

There have been reports for the last few days of declining sales for Tesla vehicles in Europe and greatly reduced vehicle products at Tesla factories. It looks like not nearly as many people are buying this company’s cars as there were last year or the year before.

The reason for the decline is partly because Tesla has released no new vehicle since 2023’s Cybertruck and partly because the company’s CEO Elon Musk has become so political over the last year.

Tesla stock may continue to stay low until their taxi service launches, but if that launch does not go well, then the company will struggle to make back lost ground. They need their robotaxi rollout to happen smoothly, with few to no accidents and a high level of accuracy in pickups and drop-offs. Tesla has been testing driverless vehicles for a while now, so they may be prepared for this new service to release without a hitch.

Tesla’s Year in Review

Since the start of 2025, Tesla sales have greatly dwindled. Even though the company produced 362,000 vehicles in May and delivered 336,000, Tesla sales were down 45% for England. It is not enough for the company to sell thousands of vehicles. They also have to show that they are growing in some measure, and the numbers do not indicate that at all.

Tesla stock has fallen about 16% since the start of the year. Although the company managed to come out of its April slump, the stock is still low compared to its 2025 start and looks to stay low for now. With Musk back at the helm of his company and all but out at DOGE, he may be able to right the ship, but so far we have not seen that happen.

Bitcoin Regains Lost Ground and Spurs Hope for a New Record

Posted on June 5, 2025 by Timothy St. John

Will Bitcoin (BTC) be able to set a new record high soon? That looks more possible than ever now that it has climbed out of its slump and is back above $105K.

Bitcoin may be pushed to a new high thanks to advancing stablecoin regulation.

Bitcoin has reached $105,886 (BTC/USD), close to $106K and up 0.77% from the previous day. That is great news for investors who would like to see Bitcoin regain its record high and set a new record. For nearly two days, the BTC price has hovered between $104K and 105K, and that caused concern for investors who thought it might drop further and shatter consumer confidence in the token.

[[BTC/USD]]

Now just 5.41% away from its record high, Bitcoin is climbing into exciting territory for investors, as it could attain a new record as early as this weekend. The coin is being held back by new tariff fears, as China and the United States struggle to negotiate. The coin is also being hindered by a stagnating economy, thanks in part to a new payroll report that says private payrolls stayed nearly flat for the month of May.

The Major Catalyst to Watch

There is one factor that will likely supersede most others in 2025 when it comes to Bitcoin and the cryptocurrency market, and that is regulation. A recent legislative framework was pushed forward in the U.S. government that would rework regulations for stablecoins. When news broke that this was happening, the crypto market climbed quickly, with Bitcoin achieving a new high.

The momentum from that news has faded since then, but there will likely be new updates to share about that legislation’s movement through the government until its approval. As those updates are shared, Bitcoin is likely to climb, along with the rest of the crypto market.

Investors should be watching for news of that emulsion closely, as that is likely to be the chief factor that pushes Bitcoin to new highs this year. If the coin is going to achieve a high of $150K or even $200K, that legalization will likely need to pass without much hindrance. When it does pass, it will open the door for the growth of the crypto industry.

Brait PLC Eyes ZAC 239 Breakout as Budget Debate Lifts Market Mood

Posted on June 5, 2025 by Arslan Butt

Brait PLC (JSE: BAT) is trading at the brink of a technical breakout as South Africa’s long-delayed budget debate injects cautious optimism into local equity markets. The stock rose 1.35% on the session, closing at ZAC 225—just below a key resistance level at ZAC 226. That movement aligns with a broader mood of hope after Parliament’s finance committee confirmed it would finally review critical fiscal legislation delayed since February.

Investors are closely watching this session, which could mark a turning point in South Africa’s fiscal narrative. The third draft of Finance Minister Enoch Godongwana’s budget—revised to accommodate coalition concerns over tax hikes—has reportedly secured enough backing to move forward.

Meanwhile, the rand gained 0.2% to trade at 17.81/USD, and bond yields dropped modestly, reflecting growing confidence in the country’s economic policy outlook.

Economic Data Sends Mixed Signals

Despite the positive mood surrounding the budget, South Africa’s macro landscape remains mixed. The May PMI showed the fastest business activity expansion in four years, offering a strong signal from the private sector. Yet, Q1 GDP data indicated zero growth, a stark reminder that structural headwinds remain unresolved.

Key figures:

PMI (May): Sharpest uptick in four years
Q1 GDP: 0% growth, vs. 0.3% expected
2035 bond yield: Down 2.5 basis points to 10.085%

These indicators paint a cautious but constructive outlook, allowing room for risk-on trades in local equities like Brait.

Technical Setup Points to Breakout

From a chart perspective, Brait PLC is forming a textbook ascending triangle—a bullish pattern driven by rising demand and repeated resistance tests at ZAC 226. Price action is compressing between this horizontal ceiling and rising trendline support, with the 50-period EMA (ZAC 214) providing further confirmation of upward momentum.

Brait PLC Price Chart - Source: Tradingview — Brait PLC Price Chart – Source: Tradingview

Upside Breakout: A 4H candle close above ZAC 226 opens targets at ZAC 233 and ZAC 239.
Pullback Entry: A retracement to ZAC 220 with a bullish reversal candle (e.g., hammer) offers a second-chance long.
Invalidation: A break below ZAC 212 would invalidate the bullish setup and expose downside toward ZAC 207 or ZAC 202.

With strong fundamentals meeting a constructive technical structure, Brait is positioned for potential upside—pending confirmation. For traders, the key now is patience and discipline.

Dow Jones Ends Its Winning Streak; Nasdaq Makes Gains

Posted on June 5, 2025 by Timothy St. John

For four days, the Dow Jones ended each day high, but that was not the case on Wednesday as it dropped 0.22%. However, the Nasdaq gained 0.32% before trading closed.

The Dow Jones is down today as the Nasdaq climbs.

The S&P 500 closed off trading for Wednesday basically flat, while the Nasdaq climbed and the Dow Jones dropped. Tech stocks are rallying now, but all stocks could be affected by tariff fears very soon as Trump is still battling with China.

The stock market is set to end the week slightly high, though, having ended most days this week in the green. Despite rising fear over tariffs and the ongoing trade war, the stock market is relatively healthy and surprisingly strong.

Payroll Report Shows Little Change

On Wednesday, private sector payrolls showed little sign of change. They increased only 37,000, which is far below the expected 110,000 that the Dow Jones put out ahead of the report. This is the lowest these payroll numbers have been in about two years, showing a decline in new jobs.

It appears that the economy is slowing and that news has President Trump calling for interest rate cuts. However, the Federal Reserve refuses to budge for now on its planned cuts. Trump posted on social media that Jerome Powell should lower the interest rate. Multiple reports show slowdown in the economy, including the Beige Book that the Federal Reserve released periodically.

If the economy is not growing, then it is stagnating and is at risk of contracting. Stagnation is defined as a period where the gross domestic product is 3% or less. The recent reports could be bad news for the stock market, and we may see lower numbers next week. It would be an especially bad time for new tariffs to go into effect or news to emerge that the trade war is escalating.

As stagnation increases, the risk for unemployment, homelessness, inequality in income, and reduced competition in business all escalate. The fear of stagnation and recession could drive the stock market down over the next week, even with a continuing tech rally.