“Make yourself a sheep and the wolves will eat you”
Benjamin Franklin

Money

Why the London Metal Exchange is fighting a lawsuit for cancelling nickel trades

U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March...

Jewellers’ gold sourcing proves more challenging in times of war

With Russian gold and diamonds off-limits due to the war in Ukraine, makers of luxury jewelry and watches are finding it more difficult to...

U.S. productivity tumbles in first quarter and labor costs surge

U.S. worker productivity fell at its steepest pace since 1947 in the first quarter, while growth in unit labor costs accelerated, the government confirmed...

U.S. jobless claims drop; layoffs fall in May

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week as demand for labor remained strong, helping to underpin the...

U.S. sheep herders sue employers for cartel-like wage suppression

Sheep herders in the U.S. West have banded together to sue their employers, accusing them of operating an illegal cartel that artificially suppresses their...

U.S. consumer confidence edges down in May, while house prices soar in March

U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big...

U.S. first quarter economic contraction confirmed

The number of Americans filing new claims for unemployment benefits fell last week, consistent with a labor market that remains tight amid strong demand...

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