GM Cuts Profit Outlook Amid Rising Steel and Aluminum Costs, Unfavorable Exchange Rates
Tax cuts boosted profits although metals tariffs raised the cost of raw materials.
Commodities
Exclusive: Donald Trump Urged to Nationalize America’s Only Rare Earth Mine
China’s control of rare-earth minerals threatens plans to revitalize U.S. manufacturing.
Gary Cohn Sold Someone a Bunch of Dying Cows
Just another day in the life of a former commodities trader who is being considered for Fed chairman.
Kellogg’s Falls 2% on Child Labor Report, #DumpKelloggs Petition
Kellogg’s shares (NYSE: K) tumbled over 2% on Wednesday, following accusations that the company benefits from child labor. The stock continued to fall after the launch of Breitbart News’ “#DumpKelloggs” campaign.
Hillary: I Know ‘Just a Little Bit About Commodities and Their Trading’
Tuesday at a workforce training facility in Denver, CO, presumptive Democratic presidential nominee Hillary Clinton touted her knowledge of commodity trading. “I know just a little bit about commodities and their trading, their buying, their selling, their futures, the actual commodities
The Coming Almond Crash in California
Almond growers in California worry that the recent drop in almond prices may be a harbinger of things to come.
World View: ISIS Claims Credit for Suicide Attack on Hezbollah in Beirut, Lebanon
Contents: ISIS claims credit for suicide attack on Hezbollah in Beirut Lebanon; Commodities and stocks continue to plunge
Jackson Hole: Fed Dithers But Left & Right Agree on Improving Economy
Jackson Hole — This town in Wyoming just hosted three economic events: The Federal Reserve Bank of Kansas City’s annual Jackson Hole retreat and two others to respond to the Fed’s mismanagement the economy: the Fed Up group, demonstrating against increasing interest rates, and the American Principles Project (APP).
