The World Economy Is Suddenly Running Low on Everything
Brendan Murray, Enda Curran and Kim Chipman, Bloomberg News Storage tanks at a Colonial Pipeline Inc. facility in New Jersey. Less than two weeks ago, hackers brought down the largest fuel pipeline in the U.S. for five days, driving gasoline prices above $3 a gallon for the first time since 2014. Photographer: Mark Kauzlarich/Bloomberg , Bloomberg
(Bloomberg) A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, itâs companies furiously stocking up.Â
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The corporate buying and hoarding is pushing supply chains to the brink of seizing up. Shortages, transp
by Bloomberg
|Monday, May 17, 2021
Prices are on the rise for crude oil, chemicals, plastics, and much more as companies furiously try to stock up.
(Bloomberg) A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up.
Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.
The world economy is suddenly running low on everything japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
Einhorn touts Teck Resources with copper rally enduring
Kriti Gupta and Katia Porzecanski, Bloomberg News
Christine Poole disccuses Teck Resources VIDEO SIGN OUT
Greenlight Capitalâs David Einhorn said he recommend shares of Canadian miner Teck Resources Ltd. amid strong demand for copper and other commodities.
The pipeline of potential new copper capacity is low, and it takes a long time to create new mines, the hedge fund manager said Wednesday at the Sohn Investment Conference, which was held virtually this year. Demand is poised to outstrip supply in 2024, leading to higher copper prices, Einhorn said.
The gathering pace of a global recovery from the pandemic has driven up the prices of commodities from copper to corn, with the Bloomberg Commodity Spot Index climbing to a decade high.
(Bloomberg) Most Asian stocks fell Wednesday with U.S. equity futures after a drop on Wall Street amid concern that faster inflation and the surge in commodities could test the economic recovery from the pandemic. Stocks slid in Japan and South Korea but fluctuated in Hong Kong as technology shares rebounded. Covid-19 curbs rattled investors in Taiwan, where the stock index slumped. U.S. contracts slipped after the S&P 500 declined for a second day following a record high Friday. Dip buyers helped the tech-heavy Nasdaq 100 erase a loss of almost 2% to finish little changed. Treasury yields were steady and the dollar rose. Investors are awaiting inflation data and government debt sales in the U.S. events that could spark market volatility. Consumer-price inflation is set to quicken, with the year-on-year comparison amplified by the shock of Covid-19 shutdowns in 2020. Australia’s 10-year bond yield jumped after the government unveiled a big-spending budget to spur the country’s