Copper extended gains above $14,000 a ton, inching toward a record high seen earlier this year, as supply risks mount on mine disruptions around the world. The red metal rallied for an eighth session to touch $14,196.50 a ton on the London Metal Exchange, close to an all-time high of $14,527.50 in January. A squeeze on Middle Eastern supplies of sulfur has threatened the production outlook for som...
Copper extended gains above $14,000 a ton, inching toward a record high seen earlier this year, as supply risks mount on mine disruptions around the world. The red metal rallied for an eighth session to touch $14,196.50 a ton on the London Metal Exchange, close to an all-time high of $14,527.50 in January. A squeeze on Middle Eastern supplies of sulfur has threatened the production outlook for some mines in Africa, compounding existing disruptions at other major sites across the world. However, copper demand is resilient mostly thanks to the world’s biggest user China, which has seen robust consumption from power grids, renewable energy and artificial intelligence sectors. The slew of supply issues combined with solid demand is leading industrial metals to recover notably as worries over the Iran war ease, according to Li Xuezhi, head of research at Chaos Ternary Futures Co. Copper futures on New York’s Comex jumped to a record of $6.69 a pound, widening their premium to LME copper above $500 a ton in anticipation of the US imposing tariffs on refined metal imports. The potential duties have the effect of luring refined copper into the US and draining supplies elsewhere. The US Commerce Secretary is due to deliver an updated report on the domestic copper market by June 30, part of a broader push to bolster supplies of a metal critical to growing electrification around the world. Meanwhile in China, worsening raw material shortages at mines have started to affect refined metal output. Refined copper output stood at 1.05 million tons in April, down 3% from March, after concentrate treatment charges plunged further and invoicing restrictions tightened supply of scrap as feedstock, according to Beijing Antaike Information Co. Production may drop further in May due to maintenance at smelters, it added. Copper rose 0.5% to $14,099 a ton as of 11:06 a.m. in Shanghai. Other base metals were also higher, with aluminum up 0.3% to $3,574 a ton and tin climbing 0.5% to $55,070.
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Andersen Group (NYSE:ANDG) reported first-quarter 2026 revenue and adjusted EBITDA above its prior guidance, with management pointing to broad-based organic growth across tax service lines, higher revenue per professional and an active acquisition pipeline expected to contribute
Andersen Group (NYSE:ANDG) reported first-quarter 2026 revenue and adjusted EBITDA above its prior guidance, with management pointing to broad-based organic growth across tax service lines, higher revenue per professional and an active acquisition pipeline expected to contribute
Nvidia (NVDA) stock investors have laughed all the way to the bank over the past three years, as the company has crushed the AI chip space. CoreWeave (CRWV) CEO Michael Intrator, however, just laid out why that incredible level of dominance requires consistent defense. In a recent CNBC ...
Nvidia (NVDA) stock investors have laughed all the way to the bank over the past three years, as the company has crushed the AI chip space. CoreWeave (CRWV) CEO Michael Intrator, however, just laid out why that incredible level of dominance requires consistent defense. In a recent CNBC ...
Chinese suppliers to major US retailers like Walmart Inc. and Costco Wholesale Corp. said they are hiking prices for the first time in years as raw material costs soar just as factories ramp up production for Christmas. According to interviews with more than a dozen suppliers over the past two weeks, the increases vary depending on the product and type of customer. Chinese manufacturers are raisin...
Chinese suppliers to major US retailers like Walmart Inc. and Costco Wholesale Corp. said they are hiking prices for the first time in years as raw material costs soar just as factories ramp up production for Christmas. According to interviews with more than a dozen suppliers over the past two weeks, the increases vary depending on the product and type of customer. Chinese manufacturers are raising prices by up to about 5% for some products for big box retailers, according to five of the people, and the increases go up to 15% for smaller merchants, according to 11 of the people. Home furnishings like festive cushions are some of the hardest hit products, with prices up 10% to 15%, according to five of the people, who asked not to be identified because the information isn’t public. The timing is sensitive as the global retail sector enters the critical window in which production orders are placed now to be available for Christmas, meaning inflationary pressure that’s already piling stress on household budgets could build as the festive season approaches. Costco and Walmart declined to comment. “For these ‘you just can’t skip it’ holiday items, buyers have a relatively high tolerance for price increases, as long as suppliers don’t overreach,” said Cai Qinliang, secretary-general of the Yiwu Christmas Products Industry Association. “They don’t have much choice right? Raw material prices are rising globally and across China, so rejecting higher prices effectively means giving up the business this year.” Cai said artificial Christmas trees have seen increases of up to 10%. US retailers have largely held off on raising prices themselves. Big retailers’ wide range of products means that, should they need to lift prices, they can distribute the change through smaller increases across multiple goods, which may be less disruptive to consumers than a spike in just one item, according to Bloomberg Intelligence senior analyst Jennifer Bartashus . Still, a growing sense of worry ...
Vietnam’s state oil company urged the US to let a supertanker pass through an American naval blockade outside the Persian Gulf, saying the shipment is critical to the Asian country’s economy. The very large crude carrier Agios Fanourios I, managed by Athens-based Eastern Mediterranean Maritime, performed a mid-ocean U-turn on Monday at around the point where the US blockade begins. It had only jus...
Vietnam’s state oil company urged the US to let a supertanker pass through an American naval blockade outside the Persian Gulf, saying the shipment is critical to the Asian country’s economy. The very large crude carrier Agios Fanourios I, managed by Athens-based Eastern Mediterranean Maritime, performed a mid-ocean U-turn on Monday at around the point where the US blockade begins. It had only just cleared the Strait of Hormuz, holding 1.99 million barrels of Iraq’s Basrah Medium crude, when it...
U.S. President Donald Trump boards Air Force One before departing for China at Joint Base Andrews in Maryland on May 12, 2026, local time . Photo: IC Photo U.S. President Donald Trump departed for Beijing on Tuesday afternoon, embarking on his first state visit to China in his second term to tackle a fraught agenda spanning trade imbalances, artificial intelligence and the spiraling war in Iran. A...
U.S. President Donald Trump boards Air Force One before departing for China at Joint Base Andrews in Maryland on May 12, 2026, local time . Photo: IC Photo U.S. President Donald Trump departed for Beijing on Tuesday afternoon, embarking on his first state visit to China in his second term to tackle a fraught agenda spanning trade imbalances, artificial intelligence and the spiraling war in Iran. At the invitation of Chinese President Xi Jinping, Trump departed from Joint Base Andrews near Washington, D.C., expressing deep enthusiasm for the trip and predicting “a lot of good things” will happen between the two superpowers.
Hong Kong authorities have finally begun laying out details on how they plan to regulate ride-hailing platforms such as Uber, Tada and Didi Chuxing, months after lawmakers passed the city’s first legal framework for the sector in October. Officials have provided more information on enforcement powers, penalties and licensing arrangements, although the key issue of how many ride-hailing vehicles wi...
Hong Kong authorities have finally begun laying out details on how they plan to regulate ride-hailing platforms such as Uber, Tada and Didi Chuxing, months after lawmakers passed the city’s first legal framework for the sector in October. Officials have provided more information on enforcement powers, penalties and licensing arrangements, although the key issue of how many ride-hailing vehicles will ultimately be allowed on the road has yet to be resolved. The South China Morning Post tackles...
Joanna Shen of JPMorgan Asset Management says the firm believes we are "in the early adoption AI phase." She tells Bloomberg Television that AI agents are "the first technology in decades that can supercharge the labor inputs." (Source: Bloomberg)
Joanna Shen of JPMorgan Asset Management says the firm believes we are "in the early adoption AI phase." She tells Bloomberg Television that AI agents are "the first technology in decades that can supercharge the labor inputs." (Source: Bloomberg)
Earnings Call Insights: Parks! America, Inc. (PRKA) Q2 fiscal 2026 Management view “The results that you see are for a quarter that ended in March” and, according to CEO Geoffrey Gannon, “all of the positive results that you see there in terms of increases in sales year-over-year were really achieved in January and February and essentially none of them were achieved in March.” Gannon attributed th...
Earnings Call Insights: Parks! America, Inc. (PRKA) Q2 fiscal 2026 Management view “The results that you see are for a quarter that ended in March” and, according to CEO Geoffrey Gannon, “all of the positive results that you see there in terms of increases in sales year-over-year were really achieved in January and February and essentially none of them were achieved in March.” Gannon attributed the March shift to consumer pressure following “the start of the Iran war,” saying, “I would say now there’s a significant macro headwind, and that started in March,” and adding that “the increase that we’ve seen in gas prices… cuts into discretionary spending for the kind of households that come to us.” On marketing organization, Gannon said, “Marketing is centralized at the company now,” and described a plan to add “part-time positions” at “2 of the 3 parks” with titles “like social media coordinator,” with hiring expected to start “in about 2 weeks” and be filled “mid- to late June.” On capital allocation priorities, Gannon said, “We don’t have any plans to reduce debt,” and added, “You shouldn’t expect that at any point in the future that we would accelerate debt repayment faster than that’s contractually required.” On reinvestment, Gannon pointed to digital signage: “We do currently have in the planning stage investment in digital signage,” and said it “could be as high as $0.5 million, like $500,000 across all 3 Parks!.” No CFO prepared remarks or CFO Q&A responses were included in this transcript; Gannon referenced “our CFO, Becky,” but she did not speak on the call. Outlook Management did not provide revenue, EPS, or formal financial guidance figures in the transcript; discussion focused on demand conditions, cost trends, and investment priorities. Gannon framed near-term demand as uncertain after March: “I don’t know how long that change will persist for,” referring to the macro shift he tied to gas prices and consumer confidence. On cost outlook, Gannon said wage in...
Over the last six months, Microsoft’s shares have sunk to $420.75, producing a disappointing 16.8% loss - a stark contrast to the S&P 500’s 7.7% gain. This may have investors wondering how to approach the situation.
Over the last six months, Microsoft’s shares have sunk to $420.75, producing a disappointing 16.8% loss - a stark contrast to the S&P 500’s 7.7% gain. This may have investors wondering how to approach the situation.
Families turn to dirty fuels such as firewood, bringing fears over air pollution and fragility of energy transition In the ramshackle lanes of a south Delhi slum, Afshana Khatoon crouched wearily on her haunches and began lighting a small pile of firewood. She had only just returned from six hours spent trudging through the urban forests and dry parks of India’s capital looking for kindling to tur...
Families turn to dirty fuels such as firewood, bringing fears over air pollution and fragility of energy transition In the ramshackle lanes of a south Delhi slum, Afshana Khatoon crouched wearily on her haunches and began lighting a small pile of firewood. She had only just returned from six hours spent trudging through the urban forests and dry parks of India’s capital looking for kindling to turn into a makeshift stove. As the unforgiving summer heat soared above 40C, she had walked for miles, piling the sticks and fallen branches into a bundle on her head while sweat ran down her face. Continue reading...
Japan’s Prime Minister Sanae Takaichi appears to have sidestepped a potentially embarrassing political landmine by publicly backing a close aide accused in media reports of running a smear campaign against her rivals, while stopping short of flatly denying his possible role. The allegations, first reported in weekly tabloid news magazine Shukan Bunshun, claim that members of her own camp produced ...
Japan’s Prime Minister Sanae Takaichi appears to have sidestepped a potentially embarrassing political landmine by publicly backing a close aide accused in media reports of running a smear campaign against her rivals, while stopping short of flatly denying his possible role. The allegations, first reported in weekly tabloid news magazine Shukan Bunshun, claim that members of her own camp produced videos critical of rival candidates during last year’s Liberal Democratic Party leadership race,...
Over the last year, Sweetgreen's (NYSE: SG) results have gone from troubling to catastrophic. The stock was riding high in late 2024 after posting strong growth, but in the last year or so, the fast casual salad chain's business has collapsed, and the stock has tumbled. It's now down 85% from its peak a year and a half ago. The first-quarter results show how bad things have gotten for Sweetgreen. ...
Over the last year, Sweetgreen's (NYSE: SG) results have gone from troubling to catastrophic. The stock was riding high in late 2024 after posting strong growth, but in the last year or so, the fast casual salad chain's business has collapsed, and the stock has tumbled. It's now down 85% from its peak a year and a half ago. The first-quarter results show how bad things have gotten for Sweetgreen. Comparable sales plunged 12.8% even as the company was lapping a quarter in which the LA wildfires hurt sales in its Southern California stores. Continue reading