Australia’s government on Wednesday trimmed its likely budget deficit for the current fiscal year, but flagged bigger shortfalls ahead due to “unavoidable spending” on health, cost-of-living relief and veterans care.
The U.S. dollar held firm on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut ahead of other major central bank meetings this week, pushing the Australian and New Zealand dollars to fresh lows.
Oil prices edged higher on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve, while weighing up the potential supply impact of tighter sanctions on Russia.
The largest cryptocurrency reached an all-time high of $108,244 for a brief period on Tuesday. This came after incoming President Donald Trump raised the prospect of a Strategic Bitcoin Reserve, during an interview with CNBC last week.
Song, who became Gigafactory Shanghai’s manager in 2018, informed Tesla employees that Wednesday would be his last day, according to the note seen by Reuters. The Shanghai plant is Tesla’s largest factory by output and also exports to Europe and Southeast Asia.
