Invesco Ltd is a global investment management firm that specializes in providing a wide range of investment solutions and services to institutional and retail clients. The company offers various products, including mutual funds, exchange-traded funds (ETFs), and private investment portfolios, designed to meet the diverse needs of investors. Invesco's investment strategies span multiple asset classes, including equities, fixed income, real estate, and alternative investments, and they emphasize a client-centered approach focused on delivering long-term financial results. Additionally, the firm is committed to responsible investment practices and incorporates environmental, social, and governance (ESG) factors into its investment decisions, aiming to create sustainable value for its clients and the broader community. Read More
According to ABC News, the Tesla and SpaceX CEO has privately objected to the Trump administration’s proposed rollback of electric vehicle tax credits – a move that could disproportionately harm Tesla.
According to a report, $8.3 billion of the cuts will be from foreign aid, and $1.1 billion will be taken away from the Corporation for Public Broadcasting.
Among the key catalysts for the day is ADP’s private payrolls report for May, which is expected to show job gains of 110,000 compared to 62,000 in April.
During his meeting with the U.S. President, the Fed Chair emphasized that the direction of monetary policy will depend entirely on incoming economic data and its implications for the outlook.
Earlier, it was reported that the U.S. economy contracted by 0.3%; the 0.1 percentage point revision reflects an upward revision to investment that was partly offset by a downward revision to consumer spending.
