Jun 23, 2024 | Markets
Copper surged to a record on a wave of hedge fund money. Now the big question for bulls is when China’s buyers will return. As copper surged to record highs last month, several senior Chinese traders started trying to contact western hedge fund managers whose names...
Jun 21, 2024 | Markets
US stocks mostly finished in the red Friday as a tech-led rally showed real signs of fatigue for the first time in over a week. The benchmark S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) both lost about 0.2%. The Dow Jones Industrial Average (^DJI)...
Jun 20, 2024 | Markets
Two global credit ratings firms lowered their forecasts for China’s property market, as an accelerating slump in home prices hampers the country’s efforts to rescue the sector. S&P Global Ratings now expects residential sales to drop 15% this year, more than the...
Jun 20, 2024 | Markets
Startup introduced previous version just three months ago Artificial intelligence startup Anthropic is releasing a new AI model that it calls its fastest and most capable yet in a rivalry with OpenAI. Anthropic introduced Claude 3.5 Sonnet, an updated version of its...
Jun 20, 2024 | Markets
Home starts slid to 1.28 million, below all but one estimate Decline in building permits point to softer construction ahead New home construction in the US slumped in May to the slowest pace in four years, as higher-for-longer interest rates sap the housing industry’s...
Jun 20, 2024 | Markets
The biggest US restaurant chain is taking on competitors with a new promotion. McDonald’s Corp.’s US chief says the company is ready for a fight. And in order to win, the burger chain is pulling out one of the most potent weapons in its arsenal: The value meal. It’s...
