Exchange traded funds risks

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. New York (CNN Business) Some investors look to copper prices as a bellwether for the global economy. If you're one of them, you have good reason to be worried. What's happening: Copper prices hit 16-month lows on Thursday as traders dumped the metal. They've dropped more than 11% in two weeks. "Copper prices are just starting to account for the fact that global growth is slowing," Daniel Ghali, director of commodity strategy at TD Securities, told me. The metal is used in many construction materials, including electrical wires and water pipes. That means it's often viewed as a proxy for economic activity, since demand tends to heat up when the economy is expanding and cool when it's contracting. It's affectionately referred to as "Dr. … [Read more...] about Another recession warning: Falling copper prices

This is a carousel. Use Next and Previous buttons to navigate 9 BANGKOK (AP) — Shares were higher in Europe and Asia on Friday despite data suggesting some economies are slowing. U.S. futures also advanced after a rally Thursday on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses. Market players are looking ahead to U.S. inflation data due next week and hoping that the moderation in prices of oil and some other commodities this week is a sign inflation might be abating. “We will soon find out if the inflation trade is pausing or cracking. Pain levels are raising with the ‘recession rotation’ in full swing as the narrative shifts from supply chain concerns to demand destruction,” Stephen Innes of SPI Asset Management said in a commentary. Britain’s FTSE 100 added 1.1% to 7,097.20 after Prime Minister Boris Johnson suffered a double blow as voters … [Read more...] about World shares gain as investors shrug off downbeat data

Fourth-generation Texan Leah Payne moved to Denver last year in the wake of a new Texas abortion law that imposed some of the strictest abortion restrictions in the nation. “We left our family, friends, sold our house. We couldn’t live somewhere where abortion access was constantly under attack,” Payne told The Denver Post. At 19, Payne, who was on birth control, got pregnant. She didn’t have insurance at the time and decided to have an abortion at a Planned Parenthood clinic. “It was put out there as this big, bad thing that was traumatizing, but I never felt that,” Payne said. “Now, I’m 32, I’m a homeowner here in Denver and have a really successful career, a great partner, and I don’t think any of those things would have happened if I had not had an abortion at 19.” Payne chose her new home after learning about access to reproductive care in the state, and many Americans who woke up on Friday with fewer rights than they had a day prior may be forced to make similar … [Read more...] about Colorado, now an abortion “safe haven,” prepares for new challenges

0 Politics & Government U.S. Reps. Sean Casten and Marie Newman are vying for the Democratic nomination in the IL-06 primary, along with challenger Charles Hughes. Lorraine Swanson , Patch Staff Posted Reply ILLINOIS — Two incumbent congressional representatives, Sean Casten and Marie Newman, are fighting for their political lives in the newly remapped Illinois 6th Congressional District. Both are battling it out in a game of political musical chairs, where the loser of the June 28 Democratic primary goes home and other moves on to November's midterm election. While Casten and Newman are the big show, don't rule out Garfield Ridge resident Charles M. Hughes, a regular South Side guy who's been banging on doors and claiming to be getting an earful from IL-06 voters who don't like Newman, and don't know who Casten is. The remapped IL-06 includes 21 percent of Casten's former district, and 41 percent of the former IL-03 … [Read more...] about Illinois 6th Congressional Dem Primary 2022: Casten, Newman and Hughes

LONDON (AP) — British officials said the monkeypox outbreak in the U.K. is continuing to grow across the country, mainly among men who are gay or bisexual, or other men who have sex with men. They urged those with new or multiple sex partners to be vigilant for the symptoms of monkeypox. In a technical briefing released on Friday, Britain's Health Security Agency said their data show monkeypox is spreading in “defined sexual networks of gay, bisexual, or men who have sex with men.” Officials said there were no signs suggesting sustained spread beyond those populations. Of the 810 monkeypox cases in the U.K. to date, five are in women. Among patients who completed a detailed survey, 96% of those infected were men who were gay, bisexual or had sex with other men. Among the nearly 50 countries reporting monkeypox cases globally, Britain has the biggest outbreak beyond Africa. “If you are concerned that you may have monkeypox, don’t go to events, meet with friends or have sexual … [Read more...] about Monkeypox outbreak continuing to grow across Britain

Protesters outside the Supreme Court on June 24. Photo: Brandon Bell/Getty Images The Supreme Court decision ending abortion access for millions of Americans did not come as a surprise . But having a leaked preview of Samuel Alito’s majority opinion in advance has not dulled the outrage over the end of Roe v. Wade in America. Immediately after the ruling was announced, protestors began assembling outside the Court to express their fury. Democrats, without immediate recourse, read poems on television . Meanwhile, Republican-controlled states, now given by a green light by the Court, began moving forward with immediate bans restricting access to abortion. Below are updates on the ongoing fallout from the most consequential Supreme Court decision in decades. . “Find the way to hope, not as feel-good anesthetic but as tactical necessity” At the Cut, Rebecca Traister warns against despair : It is no accident that many who believed this came from or moved … [Read more...] about Outrage, Uncertainty, and Instant Abortion Bans After Supreme Court Overturns

This is a carousel. Use Next and Previous buttons to navigate 17 NEW YORK (AP) — Aaron Judge and the New York Yankees have a hearing Friday to determine the three-time All-Star's salary for the 2022 season. Whatever gets decided, the verdict has already come down in the Bronx: Judge is going to be worth every penny. The steady, 6-foot-7 slugger lined a game-winning single on the eve of his arbitration showdown, capping a four-run ninth inning that included Aaron Hicks' tying three-run home r off closer Ryan Pressly in the Yankees' 7-6 victory over the Houston Astros on Thursday night. Batting with two on against Ryne Stanek, Judge smoked a 3-0 splitter into the left-field corner to score Jose Trevino from second base. It was the Yankees' ninth walk-off win in 70 games this season — their most since 1943 — and one that seemed mighty unlikely when they entered … [Read more...] about Payday: Judge wins it for Yankees on eve of salary showdown

9 Business The Fed, again at the center of the sell-off, may raise its key rate by three-quarters of a percentage point to get inflation under control. Associated Press , News Partner Posted Replies NEW YORK — Wall Street tumbled into what's called a bear market Monday after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20 percent below its record set early this year. The index sank 3.9 percent in the first chance for investors to trade after getting the weekend to reflect on the stunning news that inflation is getting worse, not better. The Dow Jones Industrial Average was briefly down more than 1,000 points before finishing with a loss of 876. At the center of the sell-off again was the Federal Reserve, which is scrambling to get inflation under control. Its main method to do that is to raise interest rates in order to slow the economy, a blunt tool that risks a recession if used too … [Read more...] about Bear Market Hits Wall Street As Stocks, Bonds, Crypto Dive

DOVER, Del. (AP) — Evidence presented Friday in the corruption trial of State Auditor Kathy McGuiness suggests McGuiness expected an employee to handle a controversial contractor payment at the heart of her criminal case, not knowing the employee would quit while on vacation. Defense attorney Steve Wood showed jurors a series of emails exchanged in September 2020 among McGuiness, former chief of staff Thomas Van Horn, and administrative officer Shequanna Cousin about paying a past due invoice to My Campaign Group. The firm had received a no-bid communications services contract from McGuiness in 2019. The auditor’s office had submitted the $11,250 invoice to the state Division of Accounting for approval, but it was sent back because the purchase order for the contract, which allocated a total of $45,000, had a remaining balance of only $4,350. McGuiness then asked Van Horn and Cousin if it was possible to pay $4,900 of the $6,900 excess as a “direct claim” voucher outside the … [Read more...] about Defense says auditor not to blame for contract payments

On Homeland , Claire Danes ’ Carrie Mathison is a brilliant and ambitious CIA analyst, gifted with a beautiful mind that sees connections and hidden patterns that others around her can’t. She’s driven to an obsessive fixation on Nicholas Brody ( Damian Lewis ), a recently returned POW whom she believes to be a terrorist sleeper agent. Carrie, to her horror and ours, is right. However, Carrie suffers from bipolar disorder , a crippling psychological condition that is sometimes known as manic-depression, which affects roughly 5.7 million Americans , or 2.6 percent of the U.S. adult population , according to data from the National Institute of Mental Health. The illness includes “dramatic shifts in mood, energy, and activity levels that affect a person’s ability to carry out day-to-day tasks” that “are more severe than the normal ups and downs that are experienced by everyone.” (Other symptoms can include but are not limited to erratic behavior, hypersexuality, rapid … [Read more...] about ‘Homeland’ and ‘Shameless’: Television Tackles Bipolar Disorder With Realism