S&P 500 Is Set to Close Out Its Best Week of 2024: Markets Wrap

A handful of economic data show US economy is holding up Traders pare wagers on aggressive cuts, bet on September move A flurry of data showing US economic resilience drove stocks to their best week this year, with dip buyers stepping in after a recent rout. Equities...

New US Home Construction Falls to Slowest Pace Since May 2020

July starts dropped to 1.2 million rate, below all estimates Big decline in the South may have reflected Beryl impact New-home construction in the US fell in July to the lowest level since the aftermath of the pandemic as builders respond to weak demand that’s keeping...

Iron Ore Battered to 2022 Low as China’s Steel Crisis Hits Home

The global market ‘is oversupplied,’ Macquarie’s Garvey says Futures sink about 8% this week as top mill warns of downturn Iron ore headed for a brutal weekly loss, hitting the lowest level since 2022, on concern that a steel-industry crisis rippling across China will...