China’s Bid to Rein In Exports Roils Aluminum Stocks and Prices
Mon, Nov 18, 2024 3:01 PM

China’s Bid to Rein In Exports Roils Aluminum Stocks and Prices

A Flip by Avya Verma
Get it on Google Play
China’s cancellation of tax relief on exports has left the aluminum industry scrambling to assess the impact on supply flows, with Chinese companies suffering steep stock declines while their international peers rally. Beijing unveiled an overhaul of its export rebate regime late on Friday, announcing plans to remove a 13% tax rebate on overseas sales of aluminum, copper.

More great flips

Seeking up to 14% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy

Seeking up to 14% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy

The stock market declined last week amid speculation of the Federal Reserve scaling back policy easing, but dividend stocks offer a reliable choice during uncertainty, with two top picks from Wall Street analysts, 📌AFC Gamma and 📌Four Corners Property Trust, offering yields of 14.3% and 5%, respectively.

Open Flip
Money market account rates today, November 18, 2024 (earn up to 5.00% APY)

Money market account rates today, November 18, 2024 (earn up to 5.00% APY)

A money market account (MMA) can be an attractive option for savers who want a safe place to store their funds. MMAs often come with higher interest rates than regular savings accounts, allowing your money to grow more quickly. The rates varying widely across financial institutions, and some currently offering up to 5% APY.

Open Flip
Futures mixed after previous week's slide as focus shifts back to earnings

Futures mixed after previous week's slide as focus shifts back to earnings

U.S. stock futures were mixed on Monday, as investors awaited key corporate results, particularly from Nvidia, following significant declines on Wall Street the previous week. Rising expectations the Federal Reserve will slow its pace of rate cuts and uncertainty over the impact of U.S. President-elect Donald Trump's cabinet appointments saw indexes slump on Friday.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon