China’s Copper Exports Hit a Record as Deflation Bites at Home

Chinese copper exports hit a record last month, as poor demand at home forced traders to seek markets overseas for their surplus. Exports of unwrought copper and products in May doubled from the previous year to nearly 150,000 tons, just topping the previous high...

US Retail Sales Barely Increase In Sign of Consumer Strain

Value of purchases rose 0.1% in May after downward revisions Households have costlier debt, delinquencies continue to rise US retail sales barely rose in May and prior months were revised lower, pointing to greater financial strain among consumers. The value of retail...

China and Britain Face an Exodus of Millionaires, Study Shows

UK could have 9,500 millionaires exit this year, report finds Wealthy are ‘voting with their feet,’ Henley & Partners says The UK is on track to lose 9,500 millionaires this year, more than any country in the world except China, according to a new report on the...

China Home-Price Slump Accelerates Despite More Stimulus

New-home values in May dropped the most in almost a decade Forceful efforts to support home sector haven’t revived demand China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive...

Cava Is Worth $33 Million Per Restaurant After Blistering Debut

Shares have surged more than 300% since its IPO one year ago Rally is so extreme it’s starting to cause angst among bulls Of all the hot IPOs over the past year — AI firms and biotech startups and the like — none has popped on Wall Street quite like Cava Group Inc....