Independent thinking for complex markets and current events
Cherry growers in Yantai, Shandong, are facing heavy losses this year. Prices for cherries have dropped so drastically that they no longer even cover the cost of fertilizer. In fact, cherries are now cheaper than pork, so farmers would even save more money by feeding them to pigs. Around 50,000 kilograms of cherries remain unsold …
LIBERALS SURGE AHEAD IN CANADA’S NEXT ELECTION Mark Carney’s Liberals are leading 42.2% to 38.5% over Pierre Poilievre’s Conservatives, enough to lock in a projected 190 seats and a full majority. The Conservatives trail with 125 seats, while the Bloc, NDP, and Greens are barely hanging on — and the People’s Party gets nothing. Liberal …
Democrats in both chambers suggest they’re willing to support Ukraine aid in the form of a loan, an idea that’s gaining steam with Kyiv’s GOP champions as they scramble to end Congress’s deadlock and help Ukraine battle Russian forces. The loan design is not the Democrats’ preference. They’re urging the adoption of an emergency foreign …