After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
See which stocks are posting big moves after the bell.Market Insiderread more
"I'd love to say that the optimistic universe is most likely to prevail, but the talking heads talk endlessly about how a recession is inevitable," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Read the fine print in your Apple Card contract — one clause means you give up your right to be heard in court.Technologyread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their...Personal Financeread more
Jim Nussle, a former director of the Office of Management and Budget, told CNBC on Wednesday that a strong U.S. consumer is the only thing keeping the country from recession.Marketsread more
(Updates prices, adds details, recasts)
BEIJING/SINGAPORE, May 17 (Reuters) - Copper prices on the London Metal Exchange are on track to fall for a fifth straight week, as deepening U.S.-China trade tensions sparked concerns about weak demand.
After a series of tariff hikes by the world's two biggest economies, the United States on Thursday added Chinese telecom giant Huawei Technologies Co Ltd to a blacklist, making it extremely difficult for it to do business with U.S. firms.
On Friday, a front-page commentary in a major Chinese news outlet run by the ruling Communist Party described China's determination to protect its national interests.
"The trade war can't bring China down. It will only harden us to grow stronger," the People's Daily wrote.
Benchmark copper on the London Metal Exchange fell 1% to $6,041 a tonne at 0701 GMT, while aluminium edged down 0.6%, nickel fell 0.7%, zinc decreased 1% and lead edged 0.8% lower.
Despite easing on Friday, London aluminium is on track for its best week of gains since Feb. 22 as alumina refinery shutdowns in China raised production costs for the metal and sparked worries about supply shortages.
"The aluminium market remains tight. We estimate it was in a deficit of around 1 million tonnes in 2018, with ongoing supply issues likely to deepen this deficit this year," ANZ said in a note, adding demand from China is showing signs of recovery.
* SHANGHAI PRICES: Shanghai copper fell 0.3%, while aluminium decreased 0.3%, zinc was 0.8% lower and tin fell 0.6%.
* ALUMINA: Alumina prices in northern China <SMM-ALM-NCHN> have now exceeded 3,000 yuan a tonne as of Thursday and touched their highest since Dec. 10, latest data showed.
* CHINA: Prior to the shutdowns, China's alumina output rose 4.2% y/y to 6.28 million tonnes in April, according to data released on Thursday. The figure is the highest monthly total on records on the bureau's website since June 2017.
* BATTERY METALS: Japanese miner and smelter Sumitomo Metal Mining Co Ltd (SMM) aims to more than double its production capacity of cathode materials used in batteries for automobiles by March 2028, its president said.
* STIMULUS HOPES: Large stimulus measures from China in response to an escalation in the Sino-U.S. trade war would eventually drive metals prices higher, Wall Street bank Goldman Sachs said.
* COPPER: Polish mining company KGHM may produce more copper than planned at its Sierra Gorda mine in Chile in 2019, while keeping capital expenditure below target, a senior executive said.
* For the top stories in metals and other news, click or
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
(Reporting by Tom Daly; editing by Gopakumar Warrier and Richard Pullin)