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UK house prices drop in May; markets brace for US jobs report – business live

The GuardianFriday, June 6, 2025 at 7:51:31 AM
UK house prices drop in May; markets brace for US jobs report – business live
UK house prices took a dip in May, adding to economic jitters as markets anxiously await the latest US jobs report. Meanwhile, Tesla's stock took a nosedive after a public spat between Elon Musk and Donald Trump, wiping out a staggering $152 billion in value. A Leeds tech firm, Filtronic, seems to be collateral damage in the feud, though details are still emerging.
Editor’s Note: This isn’t just another day of market fluctuations—it’s a snapshot of how political drama and economic uncertainty can ripple through global markets. Falling UK house prices hint at broader economic strain, while the Musk-Trump feud shows how billionaire egos can shake investor confidence overnight. For everyday folks, it’s a reminder that what happens in boardrooms and on Twitter (or X) can hit pensions, savings, and even local businesses like Filtronic.
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