by Bloomberg.com | Aug 14, 2024 | alerts, Markets/Economy
Lower grain prices help sectors offset a downturn in beef Meat producer’s shares jump to highest level in two years JBS SA shares surged to a fresh two-year high after a major rebound in the company’s chicken and pork operations drove stronger-than-expected results....
by Bloomberg.com | Aug 14, 2024 | alerts, Markets/Economy
Iron ore collapses to lowest since last year on demand outlook Cash now ‘more important than profit,’ China Baowu boss says The world’s biggest steel producer sounded the alarm about an industry crisis in China that carries the potential to ripple around the globe and...
by Bloomberg.com | Aug 9, 2024 | alerts, Markets/Economy
Hedge funds are the most bearish on commodities prices in at least 13 years as fears of a deeper economic slowdown cast doubts on demand for everything from crude oil to metals and grains. Money managers piled a combined net-short position of almost 153,000 futures...
by Bloomberg.com | Aug 9, 2024 | alerts, Markets/Economy
Bad weather, not rising demand, was main reason for CPI beat Core CPI rose least since January in gloomy sign for economy China’s consumer prices rose more than expected in July, largely due to seasonal factors like weather, leaving intact concern over sluggish...
by Bloomberg.com | Aug 8, 2024 | alerts, Markets/Economy
Total swells to $6.19 trillion in week to Aug. 7: ICI Government fund inflows fuel increase, rising to $5 trillion Money-market fund assets rose to a fresh record as a global selloff in risk assets earlier in the week sent investors flying into cash. About $52.7...
