by Bloomberg.com | Apr 3, 2024 | alerts, Markets/Economy
Fed’s Michael Barr says effects likely to extend for few years Vice chair speaks at event in Washington on Wednesday The Federal Reserve’s Michael Barr warned that banks are likely to continue to face stress from the struggling commercial real estate sector for an...
by Bloomberg.com | Apr 3, 2024 | alerts, Markets/Economy
Stellantis, Ford and GM all showed weakness in first quarter Falling pickup sales part of broader shift to cheaper vehicles Sales of pricey pickup trucks at Stellantis NV, Ford Motor Co. and General Motors Co. faltered in the first quarter, a sign that high borrowing...
by OilPrice.com | Apr 3, 2024 | alerts, Markets/Economy
Iron ore prices fell to a ten-month low in April 2024. The drop was attributed to a warning from the China Iron and Steel Association about delayed steel demand recovery. Chinese steel mills were advised to take proactive measures to balance supply and demand in the...
by Bloomberg.com | Apr 3, 2024 | alerts, Markets/Economy
ISM services PMI declined 1.2 points in March to 51.4 Measures of supplier deliveries and new orders decreased Growth in the US services sector eased in March for a second month while a gauge of input costs slumped to a four-year low. The Institute for Supply...
by Liberty Street Economics | Apr 3, 2024 | alerts, Markets/Economy
Hyeyoon Jung, Robert Engle, Shan Ge, and Xuran Zeng As the frequency and severity of natural disasters increase with climate change, insurance—the main tool for households and businesses to hedge natural disaster risks—becomes increasingly important. Can the insurance...
by Bloomberg.com | Apr 3, 2024 | alerts, Markets/Economy
US carmaker’s share has fallen below 7% from 10.5% a year ago Tesla relies on just two models in highly competitive market The global slowdown in electric vehicle demand that contributed to Tesla Inc.’s biggest-ever quarterly sales miss is hurting Elon Musk’s standing...
