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Copper Hits Record Highs While Smelters Lose Money on Every Ton

Copper Hits Record Highs While Smelters Lose Money on Every Ton

Copper is currently trapped in a strange economic paradox where the final product is fetching record sums while the companies responsible for creating it are bleeding cash. This week, three month copper on the London

Business
China NEV export share in August: BYD leads with 35.4%, Tesla slips to fourth

China NEV export share in August: BYD leads with 35.4%, Tesla slips to fourth

BYD has solidified its dominance in the international market, capturing more than a third of China's new energy vehicle exports in August. According to recent data from the China Passenger Car Association, the automaker shipped

Business
Macy’s posts strong results, raises guidance as turnaround begins to take hold

Macy’s posts strong results, raises guidance as turnaround begins to take hold

Macy's is beginning to see the fruits of its aggressive restructuring efforts, reporting growth across the board in its second fiscal quarter and raising its financial outlook for the remainder of the year. The retail

Business
An ECB rate hike is ‘all but certain’ — but investors divided on what comes next

An ECB rate hike is ‘all but certain’ — but investors divided on what comes next

The European Central Bank followed through on expectations this Thursday, raising its key deposit rate by 25 basis points to 2.5 percent. While the move was essentially a formality given that markets had priced in

Business
‘Extinction’ warnings ramp up as more OpenAI, Anthropic researchers join calls for an AI slowdown

‘Extinction’ warnings ramp up as more OpenAI, Anthropic researchers join calls for an AI slowdown

A wave of alarm is sweeping through the halls of the world's leading artificial intelligence laboratories as researchers from OpenAI and Anthropic sound urgent warnings about the existential risks facing humanity. The tension reached a

Business
U.S. crude oil hits $100 for the first time since May

U.S. crude oil hits $100 for the first time since May

U.S. crude oil prices climbed back above the hundred dollar mark on Thursday, hitting a peak not seen since mid-May. Brent crude followed suit, surging past one hundred and seven dollars per barrel as markets

Business
Home sales fall in August despite the highest supply in over a decade

Home sales fall in August despite the highest supply in over a decade

The American housing market is currently caught in a strange contradiction where an abundance of available properties isn't enough to lure buyers back into the fold. According to latest data from the National Association of

Business
Oil, gas and borrowing costs surge as fears over Middle East escalate

Oil, gas and borrowing costs surge as fears over Middle East escalate

Global energy markets are reeling as tensions between the United States and Iran intensify, sending the price of Brent crude climbing past 105 dollars a barrel. The escalation has effectively shuttered the Strait of Hormuz,

Business
One resignation turned the embers of AI fear into a wildfire

One resignation turned the embers of AI fear into a wildfire

For years, warnings about the dangers of artificial intelligence existed as small, isolated fires. Enthusiasts and skeptics alike struck matches in niche communities, but their concerns usually smoldered and burned out, dampened by a general

Business
People are flooding X with joke resignation announcements imitating the viral AI extinction warning

People are flooding X with joke resignation announcements imitating the viral AI extinction warning

What began as a dire warning about the end of human civilization has quickly morphed into one of the internet's favorite new templates for corporate satire. After former Anthropic researcher Jacob Coxon took to X