Aug 20, 2024 | Markets
Traders await clues from Fed Chair Powell at Jackson Hole Dollar has weakened as investors see lower US interest rates The dollar’s slump is fueling rallies in other major currencies, sending the euro and British pound to fresh 2024 highs as traders home in on the...
Aug 20, 2024 | Markets
BLS issues preliminary benchmark employment revision Wednesday Economists still view job growth as healthy, albeit moderating US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal...
Aug 20, 2024 | Markets
Hedge fund manager told clients that volatility will continue His Key Square fund is betting on natural gas and Japan Scott Bessent, who runs macro hedge fund Key Square Capital Management, said he expects a jump in volatility and a decline in US markets because the...
Aug 20, 2024 | Markets
Bank cuts three-month price forecast to $85 on China concerns ‘Further price weakness is required’ to rebalance the market Iron ore is poised to extend declines into the $80s-a-ton range as China’s steelmakers reduce production, according to Citigroup Inc., which...
Aug 19, 2024 | Markets
It’s building North America’s first cobalt sulfate refinery Electra CEO says he’s in funding talks with Canada government Canada’s Electra Battery Materials Corp. has received a $20 million award from the US government to build a cobalt plant close to North America’s...
