The revival of the world’s second largest economy — and its biggest consumer of commodities — threatens to push up global prices for fuel, industrial metals and food this year. Since the beginning of January, prices for copper, aluminum and zinc have all had their best start to a year in 11 years, rallying by an average of 13%, analysts at Deutsche Bank told CNN, citing data from the London Metal Exchange.
US gas prices have already climbed 40 cents a gallon in a month, partly because of the rise in crude prices since early December. Rising oil prices could help push up global inflation — or at least keep it elevated — just when consumer price rises have shown signs of moderating, tempering hopes by businesses and investors that the world’s central banks may soon be done raising interest rates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Weren’t supply issues causing inflation?
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Fed's favorite inflation gauge shows price hikes cooled last month | CNN BusinessThe Federal Reserve's preferred inflation gauge showed prices rose at a slower pace last month, indicating further progress in the central bank's battle with higher prices. Softest landing The Fed has list the battle and the war seven times now. The price increases are stabilizing on their own. It is only natural. And their efforts to precipitate layoffs and decrease productivity (recession) are not acceptable to the economy.
Source: CNN - 🏆 4. / 95 Read more »
ChatGPT passes exams from law and business schools | CNN BusinessChatGPT is smart enough to pass prestigious graduate-level exams -- though not with particularly high marks. no, but glad you are getting paid to push this shit, so cool VanessaCNN VanessaCNN This chatgpt is awesome it wrote me couple of programs that I needed.
Source: CNN - 🏆 4. / 95 Read more »
Gautam Adani's business loses $50 billion in market value after short seller report | CNN BusinessShares in some of Adani Group's companies tumbled 20% in Mumbai on Friday, as the conglomerate continues to grapple with a stock market sell-off this week after a blistering report by a US-based short seller accused it of fraud. Even the elite eat their own. 👍🏻👍🏻
Source: cnni - 🏆 326. / 59 Read more »
New York Stock Exchange blames 'manual error' for trading glitch | CNN BusinessNew York Stock Exchange officials said Wednesday that a 'manual error' was responsible for the massive price swings and trading halt of hundreds of company stocks that punctuated Tuesday's market open. Price gouging, glitches, no explanations for missing 529 dollars - explains how some folk get rich. Stay rich. Keep others from gain. Ing. And India is moving to T+1 from Friday..
Source: CNN - 🏆 4. / 95 Read more »