Jul. 01, 2024 1:49 AM ETFXI, PGJ, EWH, CAF, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KUREBy: Meghavi Singh, SA News Editor Igor Kutyaev The Caixin China General Manufacturing PMI in June reached its highest level in over three years, slightly above market expectations toContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures closed the week and the month with gains as expectations rose for summer demand to continue the rally. Oil had tumbled to multi-month lows early in June when OPEC+ said it would start unwinding production cuts after September, then rallied on forecasts ofContinue Reading
RelaxFoto.de/E+ via Getty Images The U.S. will need at least 10 GW of additional large nuclear capacity in the coming years to supply surging energy demand while also meeting climate goals, Southern Co. (NYSE:SO) CEO Chris Womack said Thursday at the Reuters Global Energy Transition conference. The typical reactor inContinue Reading
tomeng A union representing Hyundai Motor (OTCPK:HYMTF) automobile workers in South Korea said members approved a possible strike action. A vote was taken on Monday after negotiations broke down between the automaker and the union over wage increases and an extension of the retirement age. The union said almost 90%Continue Reading
monsitj/iStock via Getty Images Gold prices sank Friday after data showing surprising strength in U.S. business activity boosted the dollar and bond yields, wiping out gold’s gains made during the rest of the week. The S&P Global U.S. Composite Purchasing Managers Index, which gauges activity in the manufacturing and servicesContinue Reading
Petrovich9 The S&P 500 (SP500) could reach 6,000 by the end of 2024 before plunging as much as 20% by 2026, according to Stifel, Nicolaus & Co.’s Barry Bannister in a note. In a note to investors, Bannister said that the S&P 500 (SP500) could reach the 6,000 mark beforeContinue Reading
