China’s Hog Farmers Enjoy Surge in Profits But Demand Is Still a Problem

Jun 3, 2024 | Markets

Rise in pig prices doesn’t mean the pork cycle has turned Fewer smallholders has put industry on a better footing China’s hog farmers may have turned a corner after a surge in profits last month, but a sustained improvement in the industry’s fortunes could still prove...

Traders Push Treasuries Higher as Data Reinforces Fed Cut Bets

Jun 3, 2024 | Markets

Ten-year Treasury yield slips to the lowest in over a week Investors look to manufacturing, jobs data to price Fed cuts Treasuries rose, taking benchmark yields to the lowest levels in more than a week, after US manufacturing data reinforced bets the Federal...

Adviser to $60 Billion of Retail Cash Bets on Private Markets

Jun 3, 2024 | Markets, Private Markets

Mercer Advisors is launching a new platform for clients with at least $5 million in investable assets as it pushes further into a hot corner of the finance world. Mercer Advisors, which manages roughly $60 billion in assets across more than 30,000 families, is pushing...

Key Engines of US Consumer Spending Are Losing Steam All at Once

Jun 2, 2024 | Markets

Americans rely on credit, as disposable income declines Fed is hoping for a slowdown, not a breakdown in US economy The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand...

Michael Dell’s Wealth Falls Most Ever as Sales Disappoint

May 31, 2024 | Markets

His net worth slides $11.7 billion amid high AI expectations Dell shares plunge the most on record after posting results Michael Dell’s wealth tumbled the most in a single day after the computer company he founded posted results that disappointed investors. Dell’s net...

Diesel Demand Hits 26-Year Seasonal Low in US on Slowing Economy

May 31, 2024 | Markets

Downward revision seen as signal that oil demand at risk Crude refining margins are weakening around the globe US diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth. Product supplied of distillate — the fuel...