Author: Press Room
© Reuters Copper prices experienced mild fluctuations on Monday due to uncertainty in demand, elevated supplies, and the impact of a weaker US dollar. The three-month contract on the London Metal Exchange (LME) remained stable at $8,171 per metric ton, mirroring its weekly gain from Friday. Simultaneously, the heavily-traded December contract on the Shanghai Futures Exchange (SHFE) slid 0.4% to 67,380 yuan ($9,245.08) per ton. This fluctuation follows Friday’s trading where LME and SHFE copper prices declined, with trading volumes marked at 21,000 and 32,000 lots respectively. This decline was influenced by disappointing U.S. non-farm payrolls in October which saw…
rabbit75_ist Major market averages opened trading higher on Monday following the bullish charge in last week’s data-packed action. Early on and the Nasdaq Composite (COMP.IND) was +0.3%, the S&P 500 (SP500) was +0.2%, and the Dow (DJI) was +0.2%. The S&P 500 (SP500) saw its biggest weekly gain since June last week, rising nearly 5.9%. “After a deluge of softer than expected US economic data last week we have a lull, with trade, jobless claims and inflation expectations about the sum of it, though there’s the small matter of USD 112bn in 3, 10 and 30-year debt to digest,” SocGen’s…
The big gun rights case the Supreme Court is set to hear on Tuesday presents the justices with a tricky problem.They must start to clear up the confusion they created last year in a landmark decision that revolutionized Second Amendment law by saying that long-ago historical practices are all that matter in assessing challenges to gun laws. That standard has left lower courts in turmoil as they struggle to hunt down references to obscure or since-forgotten regulations.Judging the constitutionality of gun laws has turned into a “game of historical ‘Where’s Waldo?’” Judge Holly A. Brady of the Federal District Court…
Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own. Tiffany James has invested $10,000 in the stock market and built a million-dollar portfolio in just two years. She says you don’t have to have a fortune to start investing. Joining a community was the key to her success. Now she shares her wealth-building tips with other Black women. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized…
(Photo by Smith Collection/Gado/Getty Images).Getty Images For nearly a quarter century, Social Security disability applications were on a steady climb, then started to level off. Is it that less people were disabled or was it tougher to obtain? Or were there other reasons? The answer isn’t quite clear, according to new research from the Center for Retirement Research at Boston College (CRRC). Until 2015, the number of Americans applying for disability had tripled over a 24-year period to around 9 million people. “The reversal is due both to more people exiting the program as the population ages and to fewer…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK construction activity contracted in October, according to a data published on Monday, driven by the 11th consecutive monthly fall in housebuilding on the back of higher borrowing costs.The S&P Global/Cips UK construction purchasing managers’ index rose slightly to 45.6 last month from 45 in September but remained below the 50 point mark, indicating that most businesses reported a contraction.The reading, the second lowest since May 2020, was driven by a sharp contraction in housebuilding, which stood at 38.5. It also provides…
Raphael Bostic, the President of the Atlanta Federal Reserve Bank, suggested a prudent approach to interest-rate alterations in the light of current economic shifts. He emphasized that these changes provide policymakers with an opportunity to delay any decision on interest rates, as reported by Yahoo! Finance today. Bostic’s views were also included in the Daily Metro Atlanta CEO Briefing, a key instrument for distributing business news and insights. The briefing is created by the Metro Atlanta CEO, a member of the Georgia CEO Network. The network focuses on business issues impacting the Atlanta metro area and provides promotional exposure opportunities…
© Reuters. Clorox (CLX) FY24 guidance incorporates ‘appropriate degree of conservatism’ – UBS UBS analysts upgraded Clorox (NYSE:) to neutral from Sell, raising the price target for the stock to $132 from $124 in a note Monday. The analysts said that while the headwinds for the company aren’t all-clear, they see the risk/reward for the stock as now balanced. “We are upgrading shares of CLX to Neutral from Sell following the company’s F1Q results and guidance update,” the analysts said. “Even after the +9% move post results last week, we view the risk/reward as balanced with concerns around relative share…
Hut 8 Mining says it continues to make progress on its proposed business combination
Former President Trump is set to take the stand Monday to testify in the non-jury civil trial stemming from New York Attorney General Letitia James’ lawsuit alleging he defrauded banks and inflated the value of his assets.The former president and 2024 GOP frontrunner has repeatedly cast James’ years-long investigation and lawsuit as a “disgrace” and an attack on his business and his family.TRUMP BLASTS MANHATTAN JUDGE, DEFENDS HIS ‘VERY GOOD CHILDREN’ AMID TRUMP ORG CIVIL TRIAL FROM NYAG LAWSUITTrump has denied any wrongdoing and has repeatedly said his assets were actually undervalued. Trump has repeatedly said his financial statements had…