Aug 16, 2024 | Markets
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...
Aug 16, 2024 | Markets
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...
Aug 15, 2024 | Markets
National Australia Bank Ltd. said asset quality deteriorated in the third quarter amid further signs of stress building in the nation’s economy. Unaudited cash earnings came in at A$1.75 billion ($1.2 billion) in the three months ended June 30, according to a...
Aug 15, 2024 | Markets
Futures drop below $94 as China steelmakers reduce production Top mill China Baowu sounds alarm about industry’s troubles Iron ore hit the lowest level since 2022 on concern that global supply is running ahead of demand, with China’s steelmakers mired in a crisis and...
Aug 14, 2024 | Markets
Campaigns and PACs are spending earlier than in prior years Harris’ entrance into race has changed Trump group ad strategy The entry of Vice President Kamala Harris into the presidential race is injecting millions of dollars worth of television ads daily into an...
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...
