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Featured AlphaTack Intel Article
The Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. The longer the vital oil channel doesn’t reopen, traders say, the more...
– AlphaTack Intel Articles –
Europe Stocks Fall for Fifth Day as Tech Outages Rattle Traders
European stocks fell for a fifth day as a series of technical glitches swept around the world, hitting trading, travel and support services. The Stoxx 600 Index ended the session with a loss of 0.8% to notch its worst week since October. Travel and leisure stocks were...
Angola Surprises With Rate Hold as It Sees Inflation Cooling
Central bank leaves benchmark interest rate at 19.5% Expects improved supply of consumer goods to ease inflation Angola’s central bank surprised financial markets by leaving borrowing costs unchanged on expectations that inflation will start to ease from August. The...
Copper Set for Worst Week Since 2022 as China Plenum Disappoints
Metals driven lower as Beijing refrains from major stimulus Global copper inventories have ballooned in recent months Copper headed for its biggest weekly loss since 2022 and iron ore extended a slump toward $100 a ton as a policy meeting in China failed to lay out...
Geely’s Zeekr Mulls Building EVs in Europe to Avoid Tariffs
EV maker looks to use parent company’s existing Europe plants Zeekr CEO expresses regret over tariffs on Chinese vehicles Electric-vehicle maker Zeekr is considering making cars in European factories linked to its parent, the Chinese auto conglomerate Zhejiang Geely...
Toronto Condo Developers See Lowest New Unit Sales in 27 Years
Sales in the first half of the year fell 57% from 2023 Trend does little to cut prices as development costs stay high Toronto’s condominium developers saw sales of new units fall to the slowest pace in 27 years as high interest rates temper demand despite a shortage...
Goldman’s Top Stock Analyst Is Waiting for AI Bubble to Burst
Covello casts doubt on hype behind an $16 trillion rally He says costs, limited uses means it won’t revolutionize world Over three decades on Wall Street, Jim Covello has learned how painful it can be to bet against an inflating tech stock bubble. The market has a way...