Socioeconomics

Aluminum Prices Rise, but European Giant Frets Over Chinese EV Influx

Aluminum Prices Rise, but European Giant Frets Over Chinese EV Influx

Key Points: Who isn’t playing the China card in Europe? The answer is Norsk Hydro, a major aluminum producer. While the price of aluminum has seen some improvement in recent months, it is still far below its peak in early 2022. In the midst of this, Hydro faced additional challenges when it closed a smelter …

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US Homebuilder Shares Plummet Amid Tight Housing Market

US Homebuilder Shares Plummet Amid Tight Housing Market

Key Points: Tight Housing Market Puts Pressure on Homebuilders Millennials are finding it increasingly difficult to break into the housing market due to high prices that reflect a nationwide housing shortage. However, homebuilders are also facing their own set of challenges as they struggle to build homes amidst rising costs and inflation. According to a …

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SEC Charges BlackRock: Largest Money Manager in the World with $10T Assets

SEC Charges BlackRock: Largest Money Manager in the World with $10T Assets

The U.S. Securities and Exchange Commission has announced that it charged BlackRock, the world’s largest money manager, with failing to disclose $75 million in investments it made in the entertainment industry. The investments were made by a BlackRock manager who had a personal connection to the film company, making the situation all the more intriguing. …

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Chinese Government Establishes Central Financial Commission to Oversee $61 Trillion Financial Sector

China Establishes Central Financial Commission to Oversee $61 Trillion Financial Sector

China Plans to Establish Central Financial Commission to Regulate Financial Sector: China’s Financial Woes: China has been grappling with a range of financial issues, including a lack of rebound from the pandemic, unemployment among young workers, declining exports, and sanctions on its tech sector.However, the biggest challenge lies in the real estate industry. Formerly a …

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