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
Shareholders are accusing Tesla of improperly valuing the SolarCity deal, providing flawed analysis and misleading investors.Technologyread more
Stocks were barely changed. American Express gained, but Netflix was a notable laggard.Marketsread more
The probe by the U.S. attorney's office of the Northern District of California is in its early stages, the Journal reported, citing people familiar with the matter.Health and Scienceread more
The fresh round of cuts is on top of an estimated 4,500 temporary layoffs GM and its suppliers handed out to employees as of Friday.Autosread more
Here are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.Marketsread 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
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread 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
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates throughout, changes dateline from BEIJING)
LONDON, Sept 12 (Reuters) - Copper jumped to its highest level in six weeks on Thursday after the United States said it would delay imposing a new round of tariffs on China, raising hopes that a thawing of tensions would bode well for demand for the metal.
U.S. President Donald Trump welcomed China's decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a short delay to scheduled tariff hikes on Chinese goods.
The world's two largest economies have levied tariffs on hundreds of billions of dollars worth of goods in a bitter trade war that has raised the specter of a global recession, with further tariffs slated to take effect in coming months.
Copper, mainly used in power and construction, is seen as a bellwether for the health of the global economy and has suffered amid softer growth. It is also mainly consumed in China.
"Sentiment from market participants is a little bit better due to the news in the trade dispute between the United States and China," said Commerzbank analyst Daniel Briesemann.
But he cautioned that Thursday's gains may be short lived. "We have seen some signs of easing in the trade dispute on a number of occasions, however in each case these hopes were always disappointed."
Benchmark copper on the London Metal Exchange (LME) gained 1.8% to $5,878 tonne by 1011 GMT after hitting its highest level since Aug. 1 at $5,898.
INVENTORIES: Headline copper inventories in LME-approved warehouses eased 5,475 tonnes to 299,750, the lowest in a month. But that is still about 97% higher this year. <MCUSTX-TOTAL>
SPREADS: The discount of LME cash copper over the three-month price hit $34 a tonne, its biggest since May 22, signaling plentiful supply. <CMCU0-3>
INDONESIA: Large mining companies on Wednesday welcomed a recent decision by the Indonesian government to move forward a ban on exporting nickel ore, as the firms aim to increase smelting output.
STOCKS: On the LME, the world's largest and oldest metal trading platform, on-warrant stocks of nickel available to the market fell 5,718 tonnes to their lowest since Dec. 2008, at 77,628 tonnes. <MNISTX-TOTAL>
SPREADS: This helped to propel the premium of cash nickel over three-month contract to $102 a tonne, just below the decade-high of $104 seen on Aug. 30.
SQM LITHIUM: Shares in Chilean lithium producer SQM jumped on Wednesday after it announced plans to invest about $2.1 billion in the next five years to strengthen its production amid an expected increase in demand for the ultralight battery metal.
SHFE: The ShFE will be closed on Friday for China's Mid-Autumn Festival, reopening on Monday.
OTHER METALS: Aluminium slipped 0.5% to $1,816.50 a tonne, zinc was flat at $2,362 a tonne, lead shed 0.4% to 2,085, while tin lost 1.4% to $17,520 and nickel rose 1.6% to $18,130.
(Additional reporting by Tom Daly; Editing by Pravin Char)