Metals News
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China landed an uncrewed spacecraft on the far side of the moon on Sunday (Jun 2), overcoming a key hurdle in its landmark mission to retrieve the world's first rock and soil samples from the dark lunar hemisphere. The landing elevates China's space power status in a global rush to the moon, where countries including the United States are hoping to exploit ...
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A Tesla shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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Economic activity in the manufacturing sector contracted in May for the second consecutive month and the 18th time in the last 19 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing ...
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New orders returned to growth in the US manufacturing sector in May, supporting a faster expansion in production midway through the second quarter of the year. Meanwhile, business confidence picked up and positive expectations regarding the future for the sector contributed to the hiring of additional staff, a renewed rise in purchasing activity and a ...
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The pandemic housing boom means Americans have more home equity than ever. Households have added roughly $12 trillion in home equity since the end of 2019: chart To put this number in context, there was only ~$6 trillion in home equity following the bursting of the housing bubble following the Great Financial Crisis. Out of the $32 trillion in total ...
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The pandemic housing boom means Americans have more home equity than ever. Households have added roughly $12 trillion in home equity since the end of 2019: chart To put this ...
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video The pay packets of more than 2.6 million Australian workers will get a boost of at least $33.10 a week from July 1, the workplace umpire has ruled in its annual wage ...
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China has surpassed the United States to become Korea's largest export destination, thanks to increased exports of IT products such as semiconductors and displays, the Ministry of ...
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Economic activity in the manufacturing sector contracted in May for the second consecutive month and the 18th time in the last 19 months, say the nation's supply executives in the ...
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The UK manufacturing sector returned to growth in May, as output expanded at the quickest pace in over two years on the back of improved intakes of new work. The outlook also ...
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Claudia Sheinbaum is set to become Mexico’s first female leader in a landslide victory, capitalizing on outgoing President Andres Manuel Lopez Obrador’s popularity while also ...
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Asian share markets were buoyant on Monday on refreshed hopes that central banks will be better placed to cut rates this year. While a key US inflation report on Friday saw the headline figures come in as expected, real spending was -0.1% lower and a print of core PCE of 0.2% m/m was its slowest rate of inflation since November. I wouldn't go as far as to ...
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WTI Crude Oil: chart The West Texas Intermediate Crude Oil market has been all over the place during the trading week, and even sold off quite violently on Friday. However, we remain in the same general vicinity that we have been in for a while, and I think at this point we are more likely than not to continue to see a lot of volatility and of course a ...
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Dear Client, Please find our updated Trading schedule and general information related to the Juneteenth National Independence Day on Wednesday, 19 June, 2024. Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing. ...