by Bloomberg.com | Jul 19, 2024 | alerts, Markets/Economy
Metals driven lower as Beijing refrains from major stimulus Global copper inventories have ballooned in recent months Copper headed for its biggest weekly loss since 2022 and iron ore extended a slump toward $100 a ton as a policy meeting in China failed to lay out...
by Bloomberg.com | Jul 19, 2024 | alerts, Markets/Economy
EV maker looks to use parent company’s existing Europe plants Zeekr CEO expresses regret over tariffs on Chinese vehicles Electric-vehicle maker Zeekr is considering making cars in European factories linked to its parent, the Chinese auto conglomerate Zhejiang Geely...
by Bloomberg.com | Jul 18, 2024 | alerts, Markets/Economy
Sales in the first half of the year fell 57% from 2023 Trend does little to cut prices as development costs stay high Toronto’s condominium developers saw sales of new units fall to the slowest pace in 27 years as high interest rates temper demand despite a shortage...
by Bloomberg.com | Jul 18, 2024 | alerts, Markets/Economy
Covello casts doubt on hype behind an $16 trillion rally He says costs, limited uses means it won’t revolutionize world Over three decades on Wall Street, Jim Covello has learned how painful it can be to bet against an inflating tech stock bubble. The market has a way...
by Bloomberg.com | Jul 17, 2024 | alerts, Markets/Economy
Liquidations would shutter more than 40% of company’s stores Furniture chain acquired a rival last year to expand reach Furniture retailer Conn’s Inc. is planning to shutter around 100 locations and liquidate the inventory as part of a bankruptcy filing planned for...
