Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
Toys R Us' bankruptcy caused a 7% surge in sales for the toy industry during the first half of 2018 as parents stocked up, then sales fell 2% as manufacturers experienced...Retailread more
After an unexpected loss of subscribers and increased competition in the streaming war, shares of Netflix erased all of its 46% gain for the year at its peak and officially...Marketsread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
"Apple is not only going to make money on their own service they're also going to make money selling everybody else's services, and so will Amazon," consultant Michael J. Wolf...Technologyread more
CNBC's Jim Cramer calls on investors to be wary of the slew of hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl
* Premium for cash over 3-month lead around $8/T
* Nickel hits two-week high (Recasts, adds comment, changes dateline from Singapore)
LONDON, June 14 (Reuters) - Copper prices fell on Friday after weak manufacturing and investment data from top consumer China reinforced expectations of damage to growth and demand prospects from the protracted U.S.-China trade war.
Benchmark copper on the London Metal Exchange was down 0.2% at $5,848 a tonne at 0955 GMT. Earlier in June, prices of the metal used widely in the power and construction industries fell to a five-month low at $5,740 a tonne.
"We were expecting the dispute to be settled by July, but there is a lot of political posturing and it now looks like it might go on into autumn," said SP Angel analyst John Meyer.
"It doesn't look as if there will be much relief for copper, though there will be support from supply side disruptions like Chuquicamata in Chile."
CODELCO: Union workers at Codelco's Chuquicamata copper mine, one of the world`s largest, said they would walk off the job on Friday after failing to reach a labor deal with Codelco, the world's top copper producer.
ACTIVITY: China's industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand.
Globally, demand for base metals is highly correlated with industrial production.
TRADE: Trade talks between the world's two largest economies collapsed last month, with U.S. President Donald Trump accusing China of watering down commitments it had made. Trump raised tariffs on Chinese goods and has threatened even more.
DEMAND: China accounts for around half of global copper demand, estimated at 24 million tonnes this year, while the United States consumes nearly 10%.
STOCKS: Rising copper stocks <MCUSTX-TOTAL> in LME approved warehouses -- at 252,425 tonnes and up 35% since late May -- are weighing on copper prices.
LEAD: Worries about lead supplies, mainly used to make auto batteries, have been fueled by Belgium-listed Nyrstar, which has halted output at its Port Pirie lead and zinc smelter in Australia and declared force majeure.
SPREADS: That worry is compounded by one company holding large amounts of lead on LME warrant and can be seen in the premium paid for nearby delivery.
The premium for cash over the three-month lead contract stands at around $8 a tonne from a discount at the end of May. Earlier this month it rose to 2-1/2 year highs above $40 a tonne.
Three-month lead was down 0.5% to $1,880 a tonne.
NICKEL: Prices of stainless steel ingredient nickel touched two-week highs at $12,065 a tonne on concern about supply from major producer Indonesia, where flooding has halted some mining operations.
It was last up 0.9% at $11,950 a tonne.
PRICES: Aluminium was down 0.7 percent at $1,774, zinc slipped 0.6 percent to $2,463 and tin lost 0.4% to $19,275 a tonne.
(Reporting by Pratima Desai; Editing by Louise Heavens)