Aug 14, 2024 | Markets
Alibaba overtakes JD.com as Scion’s top holding as of June 30 Firm unloaded positions in HCA Healthcare, Cigna, Citigroup Michael Burry, the hedge fund manager famous for his 2008 bet against the US housing market, further increased his stake in Alibaba Group Holding...
Aug 14, 2024 | Markets
Consumer prices rose 4.0% in July; 263.4% from year-ago month The government paused the removal of energy subsidies in July Argentina’s monthly inflation reached the lowest level since early 2022 after President Javier Milei briefly tapped the brakes on his economic...
Aug 14, 2024 | Markets
Lower grain prices help sectors offset a downturn in beef Meat producer’s shares jump to highest level in two years JBS SA shares surged to a fresh two-year high after a major rebound in the company’s chicken and pork operations drove stronger-than-expected results....
Aug 14, 2024 | Markets
Iron ore collapses to lowest since last year on demand outlook Cash now ‘more important than profit,’ China Baowu boss says The world’s biggest steel producer sounded the alarm about an industry crisis in China that carries the potential to ripple around the globe and...
Aug 9, 2024 | Markets
Hedge funds are the most bearish on commodities prices in at least 13 years as fears of a deeper economic slowdown cast doubts on demand for everything from crude oil to metals and grains. Money managers piled a combined net-short position of almost 153,000 futures...
