Michael Cuoco News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in other regions to US shores.Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesOpenAI Chief Scientist Ilya Sutskever Is Leaving the CompanyBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsThe

Evelyn (Coppola) Cuoco passed away. This is the full obituary where you can share condolences and memories. Published in the Salem News on 2023-10-26.

(Bloomberg) -- Zinc jumped by the most in almost nine months after a sharp rise in requests for the metal stored in London Metal Exchange warehouses sparked a round of short-covering among investors who have turned bearish on its prospects.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on Substance‘Fortnite’ Maker Epic Games Is Cutting About 16% of StaffUAW Aims For At Least 30% Wage Bump to Woo New Members

Recent disruptions to mineral supply in Panama, Chile and Peru have "taken a backseat," said Michael Cuoco, director of hedge fund sales for metals and commodities at StoneX Group.

Hedge funds are betting against copper on the London Metal Exchange for the first time since the early months of the pandemic — a sharp reversal from just weeks earlier after China’s disappointing recovery sent prices tumbling. LME data this week showed investment fund positioning in copper flipped to a net short — the first since June 2020, after bearish bets surged since mid-April and long positions have been unwound. The metal, viewed as an economic bellwether for its use across sectors from construction to electronics, has been under mounting pressure after official data ...